12 Jan
Posted by David Cambridge as Insurance News
In a , AEI health care policy expert Thomas (Tom) Miller explains why current Medicare reform proposals are mostly “policy concepts devoid of structural details.” Miller points out that even the Ryan-Wyden proposal which “makes an honest effort to start this process at the ‘high-concept’ level,” needs “a more detailed script that begins to answer at least 13 more questions.”
Miller first asks:
“What is the primary policy goal of premium support (or other Medicare reform alternatives)? Is it a more efficient and higher-value health care? To lower the future rate of growth of Medicare spending? Or, jus
11 Jan
Posted by Lucas Falkiner as Cheap Insurance
It is important for people to understand that buying the cheapest auto insurance coverage might not be the best decision that they have ever made. In todays economy, many people have decided to just have minimum liability coverage on their vehicles. The problem is that most of the time, this coverage only comes with $10,000 in coverage for repairs.
This is great if you hit a 1990 Ford Escort but what happens if you hit a driver who is driving an expensive car such as a Mercedes which can cost more than $50,000? In this scenario, your auto insurance company would pay $10,000 to repair or replace the car.
09 Jan
Posted by Holly Cadman as Insurance Tips
In recent years, there has been a huge increase in popularity of stag and hen parties taking part overseas. Traditionally, soon-to-be weds would hold their pre-wedding celebrations near to where they lived but these days many stag and hen parties celebrate with a long weekend abroad, with the consequence that related travel insurance claims have increased.
It is important for individuals going on these sorts of trips to be aware of the kind of risks they may be putting themselves under and they therefore should ensure they have adequate travel insurance that will cover them for such possibilities.
Over the past two years, 5.7 million Brits have travelled abroad for hen or stag parties – and considering the fun-filled antics that will surely take place, there is a whole host of complications that may occur on such trips.
In fact, of those surveyed by Direct Line Travel Insurance, 12% stated that they had once become lost in a foreign country, with the result that 2% ended up missing their flights home. A
07 Jan
Posted by David Cambridge as Insurance News
Public employee unions are suing over the states decision to increase the health care contributions for current retirees, claiming the 2 percent increases that took effect in October are unconstitutional.
The Retired Public Employees Association filed a similar lawsuit in state court earlier this month. Late Wednesday, the Public Employees Federation, Civil Service Employees Association, United University Professions and other unions representing law enforcement and correction officers filed parallel suits in federal court in Albany, claiming health care for retirees is a form of deferred compensation guaranteed by the contract under which the employees retired.
29 Dec
Posted by David Cambridge as Insurance News
A plurality of insurance agencies expect their revenue for 2011 to mirror that of the prior year, according to the latest IFAwebnews.com poll.
About 48% of survey respondents expect their numbers to be about the same, while another 20% expect their revenue to exceed last year.
Meanwhile, fully 32% of survey respondents expect their 2011 revenue to be worse than 2010.
A number of life insurance and financial service professionals have said 2011 has been strong, in large part because people have been seeking safe alternatives to the up-and-down stock markets.
Property-casualty insurance agents have been suffering from limited construction and workforce growth, as well as soft rates.
For health insurance agents and brokers, 2011 has been tough, as they see further cuts in workers at many companies, as well as the closing and consolidation of a number of businesses, thus making the marketplace extremely small and competitive.