Share to Twitter Share to Linkedin If you want to understand how travel insurance is changing — and how it could change the way you travel this year — you have to meet Robin. Robin (full name, Robin Assist) is a new technology-driven service platform used by insurance companies to process travel insurance claims, among other things. "Technology can really help when you're filing a claim," says Sasha Gainullin, CEO of battleface , the company that created Robin. "It can find the policy you have. It can eliminate the need for a claim form. It can identify the expense that you're filing against the policy." Tectonic changes in travel insurance for 2023 Robin could change the way you file your travel insurance claim in 2023. At the moment, travel insurance companies are sitting on hundreds of thousands of unprocessed claims from the holiday air travel meltdowns and even a few from this summer. Technology like Robin could dramatically accelerate the … [Read more...] about 6 Surprising New Developments In Travel Insurance That Will Change The Way You Plan Your Next Trip
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Share to Twitter Share to Linkedin Topline American Express shares surged Friday after the U.S.’ second-largest credit card company posted strong quarterly earnings , with American Express brass boasting about its wealthier consumer base’s resilience even as the U.S. economy borders on recession. Key Facts American Express reported $14.18 billion in revenue and $2.07 earnings per share, each below analyst expectations, but the stock rose 11% as investors latched onto an optimistic outlook from the company and a planned 15% increase in quarterly dividends to $0.60 per share. "We aren't seeing recessionary signals," CEO Stephen Squeri told Yahoo Finance after his company reported its highest-ever quarterly cardholder spending. Squeri’s assertion came even as the latest consumer spending data revealed Americans spent 1.1% less on retail last month compared to November. But credit card companies have largely benefited as … [Read more...] about American Express CEO: No Sign Of ‘Recessionary Signals’ As Credit Card Spending Soars
If there’s an idea that might reduce health care costs, there’s a good chance Colorado’s trying it out. The state’s Office of Saving People Money on Health Care laid out a plan in 2020 that included passing a partial public option; extending the reinsurance program; launching a statewide purchasing alliance; importing prescription drugs; launching a drug affordability board; and increasing transparency in hospital and prescription drug prices. Other than the importation plan, which has to be approved by the U.S. Food and Drug Administration, all of those agenda items have at least started to be put into practice. Most are in the early stages, however, making it difficult to assess if they’ll succeed in bringing costs down. Colorado is ultimately pursuing two paths to lowering health care costs, said Bob Smith, executive director of the Colorado Business Group on Health. The Colorado option insurance plan is an example of setting rates, while the purchasing alliance is an … [Read more...] about Colorado’s trying a public option, drug importation and more. What’s actually lowering health care costs?