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Posted on Thursday, 18th February 2010 by admin

In a recent report, Pennsylvania Insurance Department announced that the premiums for people on the waiting list to purchase the adultBasic state health insurance will double soon. The agency said that this need to increase the rates is based on the higher medical service use, escalating health care costs, and limited state funding.

“If we didn’t adjust the adultBasic premium and benefit package, a portion of individuals enrolled in the program would have lost coverage,” Insurance Commissioner Joel Ario said. “People who come to adultBasic have been without coverage and so are generally in need of costly care.”

Currently, there are 369,112 Pennsylvanians on the waiting list for adultBasic coverage.

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Posted on Thursday, 18th February 2010 by admin

According to theAmerican Society of Plastic Surgeons, in 2008, 12.1 million Americans got cosmetic procedures such as Botox, microdermabrasion, implants of all kinds and facelifts.If you are considering jumping on the plastic surgery bandwagon, do not count on your health insurance provider to foot the bill.

If it is your choice, cosmetic surgery will be an out of pocket expense.

The laws defining health insurance coverage varies from state to state. Additionally, individual insurance companies determine their policies regarding covered medical procedures.

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Posted on Tuesday, 16th February 2010 by admin

Comparing various car insurance quotes is crucial if you need auto insurance that is affordable yet provides the best coverage. While your prime objective is to get the best possible rates, it is not always a good idea to select the lowest rates for car insurance. This is because the most inexpensive quote may end up costing you a lot of money in the future. However, what are the most important things that you need to look for every time you are comparing quotes from various carriers? When comparing rates for car Insurance, you need to look for these factors:

The Reputation Of The Company: If you purchase car insurance from a trusted company, you are bound to have lesser problems once you file a claim.

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Posted on Monday, 15th February 2010 by admin

International specialty property/casualty insurer and reinsurer Catlin Group Limited has announced it is expanding its activities in Australia with the opening of a new office in Melbourne.

Rory Morison will head up the new office, leaving the firm’s London office where he worked as casualty underwriter.

To begin with the new Melbourne office will specialise in General Liability and General Aviation insurance, as well as acting as a contact point for the other forms of insurance Catlin underwrites from its office in Sydney.

Catlin Australia Director Andrew Case has welcomed the second office opening, stating it underlined the firm’s commitment to providing Australian policyholders and brokers with high quality service.

In the latter half of 2009 Catlin expanded its presence in Italy, opening a second office located in Rome.

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Posted on Sunday, 14th February 2010 by admin

North Carolina’s First Bank Insurance Services, Inc. has acquired The Insurance Center, Inc., a Montgomery County property/ casualty insurance agency with 500 customers.

Kim Birckhead, president of The Insurance Center, said she is pursuing a new career but will serve in a temporary role to ensure a smooth transition of her customers to First Bank Insurance Services.

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First Bank Insurance Services is a subsidiary of First Bank and has offices in Troy and Southern Pines.

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Posted on Saturday, 13th February 2010 by admin

EuroMillions lottery winners Nigel Page and his partner Justine Laycock who have won Britain’s biggest-ever lottery prize of £56 million. We offer advice on how they might manage their winnings. Photograph: Ben Birchall/PA

Nigel Page and Justine Laycock have beaten odds of more than 76m to one to take a half share in the EuroMillions lottery top prize – collecting a cool £56m. So after they’ve bought a new car and paid off the mortgage, what should they do in terms of financial planning to protect themselves and their family?

What do they need to consider first?

Do they mind paying tax?

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