04 Aug
Posted by David Cambridge as Insurance Tips
The Association for Independent Managers may have already sold 1,800 unauthorized policies in Florida that “could leave Floridians who buy the coverage without insurance when they need medical care,” The Miami Herald reports. “The Department of Financial Services has received complaints from about 100 consumers involving 49 agents selling health benefits provided by AIM” (Shah, 8/3).
The Associated Press/USA Today: “Chief Financial Officer Alex Sink said the insurance department is working with regulators to hold agents who sold the policies accountable. … Full Article…
29 Jul
Posted by Holly Cadman as Insurance News
President Barack Obama fulfilled his promise to reform the nation’s healthcare system and make health insurance affordable on March 23, 2010, when he signed the Patient Protection and Affordability Care Act of 2010 (PPACA) into law. Proponents of the law applauded the reform, based on the assumption that many formerly uninsured Americans would be given the opportunity to obtain health insurance coverage.
Obama predicted at the time, that the average family would save $2,500 in yearly premiums. This amount was later refuted by the Congressional Budget office, which predicted a yearly health insurance premium increase of $2,300.
The New York Times reported that beginning in 2016, individual health insurance premiums will have increased by 10-13 percent over what the estimated premiums would be without the reform.
There are plenty of auto insurance companies out there that offer various kinds of car insurance, that it could be difficult to make up your mind to choose which one to purchase. Sometimes, drivers like yourself tend to get careless and choose a policy that they regret taking later on. Take note of the tips and guidelines given below to help you come up the right choice in buying the right kind of auto insurance for you.
Making the right choice starts from one thing, that is having the right information. And to get that information, you need to make a thorough and extensive research to finds an insurance company that would properly give you the coverage you need for your financial safety.
Physician Malpractice Insurance
Medical malpractice insurance is vital to a physician’s career. If they do not carry coverage, physicians put their career on the line. Financial ruin can ensue if a patient brings a lawsuit against him/her. Just one case can make or break a career that the physician worked so hard for.
If a lawsuit is brought up in court, the plaintiff would be the patient, a party acting on behalf of the patient, or the executor of a deceased patient’s estate. Malpractice lawsuits can be made against a single physician, however, they can also be made against a hospital, clinic, or other type of medical institution. Dam
18 Jul
Posted by Lucas Falkiner as Insurance Tips
Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers: At a time when U.S. companies are enhancing internal risk management capabilities and elevating risk management to a strategic priority, many brokers and carriers are responding to their own business pressures by becoming more bottom-line focused and transactional in the corporate insurance business, according to new research.
The consequences of this disconnect are clear: The corporate risk managers who participated in Greenwich Associates’ “2010 Large Corporate Insurance Study” expressed low satisfaction with the service they are receiving from virtually all U.S.