Insurance

I didn't increase my life insurance coverage even though my income doubled.  Here's Why

I didn’t increase my life insurance coverage even though my income doubled. Here’s Why

Image source: Getty Images This is a sound strategy for my family. Key points It is important to have reasonable life insurance coverage. While some people like to upgrade their coverage as their income increases, I choose not to. My husband and I decided to take out life insurance after the baby was born. It …

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How To Prepare For Tornado Season

Preparing for Tornado Season – Forbes Advisor

Editor’s note: We earn a commission from Forbes Advisor affiliate links. Commissions do not influence the opinions or judgments of our editors. Last year’s costliest tornado caused $4 billion in insured losses. These storms can tear apart communities and destroy individual finances. This makes tornado season nerve-racking, especially for people living in vulnerable areas like …

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Column: Illinois auto insurance regulation needs an overhaul

Column: Illinois auto insurance regulation needs an overhaul

In Illinois, insurers can raise premiums as much as they want, as often as they want, without even notifying the state insurance department in advance. Additionally, Illinois is one of the few states that does not prohibit excess auto insurance premiums, according to the Illinois Consumer Protection Organization. The result is a market distorted by …

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Ledy VanKavage

Insurance agencies must comply with Nevada’s dog breed discrimination law – The Nevada Independent

The state of Nevada recently passed a law that prohibits insurance companies from using a dog’s breed as the sole reason for denying homeowners insurance. In particular, the bill prohibits an insurer from refusing to issue, cancel, renew or increase the premium or rate of certain insurance policies based solely on a specific dog breed …

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People in Business: New hires for 4M, Valley Insurance Agency Alliance, Gray Design Group |  Local business

People in Business: New hires for 4M, Valley Insurance Agency Alliance, Gray Design Group | Local business

Each week, the Post-Dispatch welcomes employees who have new roles or jobs, or who have recently received professional recognition. Submit your Business in Business nomination here. Submit your events to our online calendar. Kelsey Whitaker joined 4M Building Solutions as a sales development representative. Named Missouri Health Care Fund Jasmine N. Hall Ratliff as managing …

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Bright Health has released preliminary health insurance rates for its 2023 individual plans -- the proposed rates are 49% more expensive than community members now

Bright Health has released preliminary health insurance rates for its 2023 individual plans — the proposed rates are 49% more expensive than community members now

The Keystone Policy Center building is shown on Thursday, July 21, 2022. The building is home to the Peak Health Alliance, a nonprofit health insurance purchasing alliance that started in 2018. Jenna deJong/Summit Daily News Many do not understand the field of health insurance. When insurance companies present their rates With the Colorado Department of …

Bright Health has released preliminary health insurance rates for its 2023 individual plans — the proposed rates are 49% more expensive than community members now Read More »

Houses in the New Orleans area.

A safety net agency for policyholders can sell millions of bonds

Houses in the New Orleans area.(Source: WVUE) NEW ORLEANS (WVUE) – Louisiana’s bond commission has authorized a safety net agency to sell millions of bonds so it can continue to pay insurance claims from failed insurance companies. Officials say it’s the high number of defaults that is draining the Louisiana Insurance Guaranty Association’s coffers. John …

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Houses in the New Orleans area.

A safety net agency for policyholders can sell millions of bonds

Houses in the New Orleans area.(Source: WVUE) NEW ORLEANS (WVUE) – Louisiana’s bond commission has authorized a safety net agency to sell millions of bonds so it can continue to pay insurance claims from failed insurance companies. Officials say it’s the high number of defaults that is draining the Louisiana Insurance Guaranty Association’s coffers. John …

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Demotech informs 17 real estate insurance companies about the downgrade

Demotech informs 17 real estate insurance companies about the downgrade

Demotech, a Florida insurance rating agency, has notified approximately 17 property insurance companies that their ratings will be downgraded following a review of reinsurance packages for the 2022 hurricane season, according to a letter from Florida Insurance Regulation (OIR). OIR Commissioner David Altmaier sent a scathing letter to Demotech President Joe Petrelli on Thursday, demanding …

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Health insurance rates for NJ public employees will increase next year

Health insurance rates for NJ public employees will increase next year

Hundreds of thousands of public sector workers, early retirees and school workers in New Jersey face a potential health benefit rate hike of up to 24% under proposals being considered by the State Health Benefits Commission. A 24% medical care and 3.7% pharmacy benefit increase for active public sector employees is being considered, as well …

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