Managing Deductibles To Get Cheap Car Insurance Coverage
January 15th, 2012
Auto insurance, much like every other insurance in this country, has been increasingly getting more expensive. There are many reasons for the increase in costs, but the fact remains that policies are getting pricey while coverage is staying the same. Because of the rising costs, some individuals or families have been moving to basic coverage or getting liability only in order to cut costs. But it’s important to know state laws regarding basic coverage before making that move.
Tags: Car Insurance, Insurance
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Harmonized policy on the use of credit information in underwriting will not happen: CCIR
January 6th, 2012
The Canadian Council of Insurance Regulators (CCIR) is currently reviewing the results of a consultation it conducted last year on credit scoring, but it doesn’t appear likely that a harmonized approach to credit scoring will be the outcome.
“Frankly, there will be no harmonized policy on use of credit information in underwriting,” CCIR chairwoman Danielle Boulet said in a Dec.
Tags: Ccir, Underwriting Happen
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Making Health Insurance Affordable for Small Business
December 30th, 2011
The best available health insurance plans should be purchased at the best possible costs.
The dialogue over health insurance policies, programs and costs has become confusing for small business owners who just want good coverage for themselves, their dependents and their employees.
Terms such as public options and universal health care were not in the general vernacular just three years ago, but now the conversation about benefits and the pitfalls of a new national health care program has left small business owners and their employees worried about coverage options and related costs.
According to insurance industry associations, the best plan for small businesses, and also for larger companies and nonprofits, is to continue to offer employees the best available plans that can be purchased at the best possible costs.
Tags: Business, Health Insurance, Small Business
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GEICO to refund $7.5 million, pay $100,000 fine for Wash. overcharges
December 29th, 2011
GEICO was fined $100,000 by Washington State officials and ordered to refund about $7.5 million in overcharges to thousands of its customers in the state.
The Maryland-based national insurer must refund the overcharges, averaging about $300 per policyholder, to 25,267 of its policyholders in Washington State, according to the office of Washington Insurance Commissioner Mike Kreidler. GEICO must also include 8% interest in the refunds, officials said.
State officials said “a computer database error” caused the problem, which GEICO reported to state officials “promptly,” according to a statement from Kreidler. The computer error, resulting in 7% of the companys customers being overcharged between Aug.
Tags: Fine Wash, Wash
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Basics of Home Condo Insurance in Oakland
December 14th, 2011
A home condominium in Oakland has been the choice of many especially those who are single, or city dwellers. Condominiums in Oakland are much more affordable and generally are more secure that a single family house. It often offers amenities such as pool, laundry services or perhaps a convenient store. Furthermore, there is no outdoor maintenance for condo unit owners to worry about and on top of that, condo dwellers are able to deduct interest payments than that of a single house.
Like cars or houses, your condo unit in Oakland is also probably one of your most important investments that you’ve made in your life. Full Post..
Tags: Condominium Insurance
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Measles Outbreak in Europe Spreading to the US
December 10th, 2011
Technically, it isn’t an outbreak yet but there is a rise in measles cases across Europe. With the vast number of US travelers to Europe, it is of no surprise that measles cases are also increasing in the US. This is a major cause to get worldwide health insurance if you have any travel plans. At least with the inoculations required by international travel health insurance, you are not at risk of getting exposed and contaminated by the virus.
In October, London health officials pegged the measles cases at over 26 thousand and 9 deaths. In France, the reported number of cases for measles was 14 thousand.
Tags: Europe, Europe Spreading
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Florida Car Insurance Rates Could Change After Recent Fraud Crackdowns
December 2nd, 2011
One of the largest problems facing the auto insurance industry is the continued rash of fraudulent or exaggerated claims made by unscrupulous policyholders. Cheap car insurance may become a thing of the past as more and more of these claims are made and insurance companies have to pay out millions not only to try to prevent the fraud from happening, but also to those who are successful in getting a fraudulent claim through.
Tags: Car Insurance, Fraud
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Purchasing renters insurance by term for college students
December 1st, 2011
The majority groups of individuals are actually college students, this is due to the fact that college students do not usually own their home or are not able to do own one. Since college students cannot afford to own a property or house, they have to be renters – therefore, they are eligible for an insurance called the college student renters insurance.
There are various ways for college students to be insured by renters insurance, and one of the options that they could opt is to buy renters insurance by term. It is rather important to keep in mind that majority of the college students live their lives by the term. Full Post..
Tags: College Students, Students
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