insurance
Latest
DISH Network's AMC-14 satellite "a total loss"
Despite hopes to the contrary, it looks like SES AMERICOM is treating the AMC-14 satellite mishap like the time you rear-ended that bus full of nuns in your Suzuki X90. Stranded at a less than advantageous orbit after an anomaly in its second burn of the fourth stage on March 15, the company decided that trying to reposition it at this point was too risky, and would result in a severely shortened lifespan. As a result, SES is cashing in on a $150 million insurance policy, and coming out of this smelling like a rose. DISH Network has more satellites planned for later this year and claims the failure won't affect its plans, so HDTV owners shouldn't lose out badly either. The only real loser here is AMC-14 itself, destined to decades of floating around as space junk, or a quick and fiery end in Earth's atmosphere -- plans for its retirement are still being "explored".
Health insurance + video games = "medutainment"?
In a trend being somewhat sickeningly referred to as "medutainment" health insurers are increasingly trying to educate their customers on healthy living through video games, reports AIS Health Business Daily. Humana is working with USC's GamePipe Labs to create games about exciting topics like "diabetes, obesity and medical adherence," while Kaiser Permanente has created The Incredible Adventures of the Amazing Food Detective to teach kids not to eat junk food.It's a great idea in concept, but if The Amazing Food Detective is any indication, it's not going to work so well in practice. Shoehorning a blunt educational message into an extremely basic interactive "game" isn't going to get kids (or adults, for that matter) to really engage with their health any more than those cheesy health assemblies back in elementary school did. If insurance companies really want to encourage healthier living through games, they should just let people purchase Wiis with their flexible spending accounts and waggle their way to fitness.
Samsung to receive insurance payout for power outage damage
Merely hours after a substantial blackout halted six chip production lines in a complex operated by the world's largest flash memory producer, Samsung is now expected to "get insurance payments from a local insurer for the damage received during Friday's power outage." Reportedly, the firm's contract with Samsung Fire & Marine Insurance will cover the damage, which is currently estimated to be somewhere near $40 million. Of note, the exact cause of the outage is still unknown, and it was stated that it would take "considerable amounts of time" to look into before the losses are finally calculated. Furthermore, some analysts have speculated that it "would take weeks for the plants to reach full capacity," and if this does indeed prove true, supplies to electronic-product makers "will likely remain constrained and prices will stay high." Read - Samsung Gets Insurance Payout for Power Outage DamageRead - Samsung Restarts Plants, Damage Resulting [Subscription required]
Insure your iPhone, because AT&T won't
Since I've owned a variety of regular mobile phones and smartphones over the last couple of years, I wasn't surprised to see fine print during the iPhone activation process which warns users that AT&T won't offer their insurance policy on Apple's darling new gadget. I've been on nearly every major mobile phone network in the US - Cingular, T-Mobile (and VoiceStream), Verizon and Sprint - and not one of them covered smartphones with their policies. In fact, if you were upgrading an existing AT&T account and swapping out your old phone that had an AT&T insurance policy on it, you too were warned that the policy would be automatically removed from your account. Gee, you'd think these companies don't trust us with small, easy-to-drop expensive electronics. Who knew?To help remedy this lack of a contingency plan for the iPhone, I decided to call a few insurance companies in the Colorado area to see if they could cover it. What many people might not know is that these companies typically cover electronics like mobile phones and even notebook computers, often at prices far cheaper than extended warranty plans from manufacturers and retail stores. While I'm not entirely familiar with how fast actin' or comprehensive this kind of coverage is from every provider, I do know that mine - State Farm - will cover both hardware failure and accidental damage (though accidental damage will cause my premiums to increase, while an incident like theft will not).Back to getting coverage for your shiny new phone, however, the summarized rundown I got from calling three of the big general insurance providers (Allstate, Geico and State Farm) is that attaching a clause to a renter or homeowner insurance policy specifically for covering an iPhone would add only $5-20/year to a policy. Keep in mind these were estimates based on a $600 iPhone, and it appears that you can't simply ask these guys to insure a phone; you need to have some kind of a primary policy with them first, then attach this specific clause. Surprisingly, every representative I spoke with knew exactly what an iPhone was, and a couple of them asked me whether I was happy with mine.As far as coverage through companies like specialized electronics or computer insurance providers is concerned, I had a much harder time finding anything substantial. Most of the companies I spoke with didn't have policies in place, and only Safeware confirmed that they were "seriously considering" introducing iPhone coverage. They do, however, cover other smartphones, and a quote for a BlackBerry Curve (a $400 smartphone) was $65 for a year, covering accidental damage, loss and theft. A downside, however, is that repairs for damage have a turnaround time of 7-10 days, with no loaner options available. If being without a phone is a primary concern, the loner option included in AppleCare for iPhone might be a good 'plan b' to consider in combination with one of these insurance policies.Ultimately it's a good thing to at least have insurance options in addition to AppleCare, since Apple doesn't cover any sort of accidental damage. Since insuring an iPhone through one of the larger companies seems to be so cheap, it's basically a no-brainer to pick up at least some kind of a policy. If y'all have other ideas or options for insuring your shiny new iPhone, please enlighten the rest of the class with a comment.
Continuous Play can bring your PS3 back from the dead
We all know the PS3 is an expensive piece of kit. When you spend $600/£425 on a piece of machinery, there's always a healthy dollop of paranoia that comes packaged with it. Now Sony are looking to sell you something which will help: peace of mind.The Continuous Play service promises a two-day turnaround on broken PSPs, PS2s and PS3s. All they ask in return is a monthly fee of £2.49 for PSPs and PS2s and £4.99 for PS3s. In the event of your console being disabled due to clumsiness, unexpected cheese incidents or acts of Godzilla then Sony will replace it. At the moment it's only available in Europe and, for the price, it looks like a pretty decent service. Despite the reliability of the PS3's hardware, it's nice to know that even if the cat does knock it into the fishtank you're only a couple of days away from a replacement. [Via PSP Fanboy]
Banking and insurance adverts show gamer demo growing up
Our ever vigilant tipsters on the lookout for GTA IV news let us know about the latest commercial for HSBC bank. The GTA inspired advertisement is the latest in HSBC's campaign touting their understanding of customers locally, even though they are global mega-bank. We doubt the commercial is showing footage from GTA IV, but it is worth noting that this is the latest in a string of advertisements speaking to the aging gamer demographic, notice how the dad is playing the game. However, unlike the ad for Coca-Cola, these commercials are for insurance and banking -- that ain't kids stuff.Although the Katamari Damacy Traveler's Insurance ad allegedly was not inspired by the video game, any gamer who saw the commercial immediately linked the two things together. Then again, the same could be said about the very similar AIDS-based commercial. Most automotive commercials in prime-time heavily use game-inspired marketing now, particularly Toyota's Scion division. As "adult" services begin to gear their marketing toward the new generation, who knows what video game inspired advertisements we'll see next. But so help us, if we see Ensure or AARP (American Association of Retired Persons) based ads we'll find a dark corner to cry in.[Thanks Icates, no it's not GTA IV]
Liquid damage indicators are two-faced?
Chances are that one time or another, you had to bring our phone in for repair only to be frustrated and aggravated when you're told that your phone has moisture damage. As you attempt to argue that you've never gotten your phone wet, you get pushback from the local technician because the litmus paper on the back of your phone is never wrong. Hopefully you are fortunate enough to have insurance (and you're lucky if you don't get a refurb). Now how many of you can honestly say you've had this problem and you really didn't get the phone wet? [Via Textually]
Wireless insurance class-action lawsuit settled
We know that having your phone stolen or lost can be a traumatic experience, however if you subscribe to wireless insurance through your carrier it makes the process a little less painful. Except when your wireless insurance provider tells you that one dreaded word you don't want to hear: You're getting a "refurb." The problem occurs when people pay the $50.00 deductible and more often the cost of the refurbished phone is less than the deductible. Last week a federal judge approved an initial settlement between Asurion and Lock\line that affects approx 15 thousand customers and soon they will be receiving the details of their settlement. Signal Holdings, the other major cellphone insurance company, is waiting their trial date to be issued. [Thanks, Sergio]
Accenture developing virtual meal technology, brings videoconferencing to the dinner table
If you're just finishing up what was likely a delicious and fulfilling Christmas dinner with your friends and family, connecting with loved ones probably isn't a problem at the moment, but for elderly and single folks who live alone and far away from old friends and relatives, Accenture is looking to expand their dinner tables as far as the webcam can see. The "virtual meal technology" seeks to aggrandize the dining room beyond a single home, allowing folks to enjoy separate meals while conversing together in real-time. Utilizing the basic premise found in videoconferencing, the plans are to unveil an (almost) automatic system that doesn't require a great deal of know-how in order to operate, with prototypes "automatically detecting" when someone is about to eat supper, and then searching for available family members that would also be interested in scarfing down some grub while chatting it up over the system. The firm is also pushing the medical aspects of such an invention, as it reports that "elderly people who eat alone often don't eat enough or eat the wrong kinds of food," which would allow younger family members to correct those eating habits before more serious health issues develop from malnutrition. While the company hasn't released any draft equipment just yet, it's hoping to have a prototype system available "in around two years," and while it's aiming for the "$500 to $1,000 range" per household, things could get a lot cheaper if your insurance company ends up footing the bill.
Insurers starting to reimburse for digital content
One of the main problems with the gradual transfer of content from physical media (CDs, DVDs, books) over to digital media (MP3s, movie downloads, e-books) is that when something happens to the devices storing your swag, you're basically out of luck -- most insurance companies will tell you to go take a hike. Well that's all about to change, according to a recent article in British newspaper The Independent, as insurers like Nationwide will now reimburse you for digital content stored on stolen or destroyed electronics as long as you can provide proof of purchase. Nationwide's even got your back for such seemingly trivial fare as games and ringtones downloaded to your cellphone, though its policies specifically state that if you lose your digital goods due to a wiped hard drive / memory card that's your own damn fault, and there'll be no reimbursement for you. Unfortunately some insurance companies -- like the cheapskates at esure -- seem dead set against the idea, claiming that owners of a stolen iPod still have the tracks on their PC and don't deserve digital coverage; well, while that may be true in cases of theft, esure's stance isn't very helpful for the unlucky individual whose house just burned down and whose DAPs and computers have all melted into the floorboards.[Via Techdirt]
Swedish site offering insurance to content pirates
Here's an innovative business plan for you: start up an insurance company whose sole purpose is to cover your customers' fines should they get busted for illegal file sharing, thereby creating a clientele that by default is composed completely of criminals. Well believe it or not, a Swedish "entrepreneur" has begun to offer this very service to his fellow citizens -- for only $19 per year, Magnus Braath's company Tankafritt promises to pay any penalties incurred from crackdowns on your rampant piracy, and he'll even throw in a free T-shirt to help you glorify your outlaw status. (Yes, you guessed it, the shirt actually does read "I got convicted for file-sharing and all I got was this lousy T-shirt"). Braath claims that he started the business as a statement against recent changes in Swedish law that had the nerve to criminalize illegal downloading, and that low conviction rates and relatively minor fines will allow him to keep the venture financially solvent. Hey Magnus, if you're looking to expand your operation, we hear that Spain's just passed some legislation that will probably create quite the demand for your unique little service -- who knows, with some hard work and a bit of luck, you could end up becoming the Geico of software and content piracy.[Via Techdirt and Slashdot]
