Posted by Lauren Moss on August 26, 2011
When purchasing a vehicle, most people are focused on the type of car, the gas mileage it receives and what its cost is going to be. Rarely do people take into consideration one of the most important facets of owning an automobile: auto insurance. In fact, auto insurance is probably the furthest thing from their mind when they step into a car lot. But auto insurance is mandatory in the United States for every driver to have in order to operate a vehicle.
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Posted by Hunter Lane-Poole on August 25, 2011
WASHINGTON — The Obama administration proposed new rules on Wednesday that would require health insurance companies and employers to provide information to policyholders and employees describing health benefits, coverage and costs in plain English.
Kathleen Sebelius, the secretary of health and human services, said the new “summary of benefits and coverage” would make it easier for consumers to shop for insurance and compare plans.
The new forms, scheduled to be available next year, set disclosure standards for private health plans covering 180 million people.
Groups like Consumers Union said the new document could be a boon to consumers as they struggle to decipher the details of health insurance, which comes in a mind-boggling variety of configurations.
The White House compared the new information to the “nutrition facts” labels found on many packaged foods. Lynn Quin Read all post…
Posted by Lauren Moss on August 25, 2011
Private-sector insurers have more than enough financial resources to cover any damage caused by Hurricane Irene, although state-run property insurers may not be so lucky, an insurance association says.
U.S. auto, home and business insurers saved about $564.7 billion in policyholders’ surplus by the end of the first quarter, according to the Insurance Information Institute (III).
But insurers must pay for about $15 billion in claims resulting from natural catastrophe losses, most of which were tornadoes that occurred between April and June. The recent turmoil in the U.S. e
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Posted by Marcus Ashby on August 24, 2011
Insurance is one of those things that seems like such a waste to have, but when it is needed, everyone is happy to be insured.
Insurance is the promise of reimbursement in the event of loss due to an unforeseen circumstance. Insurance is a form of risk management where the risk is transferred from the owner to the insurance company in exchange for the prepayment for a policy of protection paid by the individual consumer or business. The insurance rate is the factor used to determine the amount of the premium, or prepayment value, based on the level of coverage desired.
A building insurance for landlords is a necessary item that provides protection of property in the event of damage, loss or liability purposes.
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Posted by admin on July 6, 2011
Social networking is a permission-based mode of communication. To get anywhere with it in your insurance marketing, you have to gain people’s permission to communicate with them. If you spend some time making yourself a member of a community, really finding ways to fit in and be a genuine member of the group, you will find it a lot easier to get people’s attention.
They might even tell their friends and families about you and the service you offer. In fact, that’s happening right now in other industries. Lots
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Posted by Marcus Ashby on July 1, 2011
Householders are being urged to ensure they have adequate home and contents cover as the freezing weather continues to damage properties across the country.
With Arctic conditions sweeping across parts of the UK, home insurers have reported a rise in claims for snow-related damage to guttering and fascia boards, outbuildings, greenhouses and conservatories.
In the worst-affected areas of north-east Scotland, nearly 30 claims have been made for farm roof buildings that collapsed due to snow.
But burst pipes, caused when water freezes inside them, are the most common problem in extreme weather affecting the UK.
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Posted by Marcus Ashby on June 29, 2011
Millions of workers in occupational pension schemes have been excluded from a landmark legal ruling that will force insurers to offer the same annuity rates to men and women.
The European Court of Justice decision this week will make it illegal for insurers to use gender to calculate premium rates for insurance policies.
The biggest losers will be female drivers aged 17-25, who are considered safer on the road than young men. Their annual premiums are expected to rise 25 per cent when unisex rates are imposed in December 2012.
Men approaching retirement will also suffer, with their annuity rates brought down to match those for women, who are usually offered lower rates as they tend to live longer.
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