After a few years of recession, 2011 seems to be the year of price increases. Forgetting fuel, everything is on the up from food, to travel, to clothing and your business insurance.
But, there is a slight problem in that certain insurers are still operating a double pricing philosophy. This means that they price to get new business in and subsidise this by increasing the premiums on their existing customers. We, as brokers, can see this so clearly it must be embarassing for the insurers.
Customer A, has a warehouse insurance policy with us. We arrange it via an online provider and this year, they tried to increase the premium by 8%.
The good news: chemotherapy might soon be more widely available in a pill. The bad: you may not be able to afford it. A story out of the Associated Press today highlights the struggle seniors on Medicare face when put on expensive cancer-fighting prescriptions.
The news expands on our previous report about cancer treatments becoming unaffordable even for the medically insured. The new, cutting-edge medications may offer a bypass to the traditional IV-infused chemotherapy treatment protocols – and their excruciating side effects. The problem is that many of these sometimes experimental medications can leave patients bankrupt, as total co-payments can exceed $500 a month. <
21 Jun
Posted by Holly Cadman as Insurance News
It is often a common misconception among many people that auto insurance is a cut throat business. Many folk get unduly worried and try to avoid insuring their car in every possible way till they finally end up with huge losses on it. If you spend some time researching on the best deals, you will be quite surprised to know getting your car insured is quite simple. Just understand what your insurance needs are at first. Then look for those that will be suitable to your needs. Without understanding what kind of insurance you need, it is not really possible to find it. There are also many particulars which are add-ons and can be done without.
21 Jun
Posted by Lucas Falkiner as Insurance Tips
WASHINGTON BUREAU — The U.S. Securities and Exchange Commission (SEC) has approved a final rule that will put about 3,200 investment advisors who have been regulated by the SEC under state oversight.
The final rule, approved by the SEC Wednesday, is set to take effect Tuesday,
The SEC developed the rule to implement changes in the Investment Advisers Act of 1940 that were made by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Title IV of the Dodd-Frank Act has required the SEC to shift many advisors who manage $25 million to $100 million in assets to state regulation.
States already have been regulating advisors with less than $25 million in assets.
Several hundred advisors with $25 million to $100 million in assets that operate in Minnesota, New York or Wyoming will continue to be subject to SEC oversight, because Dodd-Frank required the SEC to ask each state whether it would accept responsibility for regulating midsize advisors.
21 Jun
Posted by David Cambridge as Insurance Tips
The government is continuing their efforts to help Americans with pre-existing conditions find affordable health insurance coverage. There are about 25 million uninsured Americans currently with pre-existing conditions and often the reason behind this is costs are just too high for them.
In the coming weeks, a nationally funded health care program will drop premiums and help more people with pre-existing receive eligibility for quality health insurance. It’s been named the Pre-Existing Condition Insurance Plan and it’s considered a cornerstone of Obama’s health care reform according to the article “Another Pricing Test for Insuring People with Pre-Existing Conditions” by Annamaria Andriotis on The Wall Street Journal. KY health