Governor Polis announces massive Colorado health insurance exchange premiums drop

Colorado Health Insurance Exchange - Healthcare money

Across the state, consumers will experience an average cost reduction of 18.2 percent on plans. Governor Jared Polis recently announced a tremendous 18.2 percent average Colorado health insurance exchange premiums reduction for 2020. This will apply to state residents who purchase theirhealth plans through the Affordable Care Act marketplace. This is expected to provide over 200,000 Colorado residents with premiums relief. This premiums reduction affects only consumers who purchase their coverage through the Colorado health insurance exchange. It does not impact those who receive their coverage from the government or…

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Alexandra (Lexie) Jackson Named Account Administrator at RT Specialty

Hamilton, NJ, July 19, 2019 –(PR.com)– Alexandra (Lexie) Jackson has been named an account administrator within RT Specialty’s National Environmental and Construction Professional Liability Practice. She is responsible for assisting the company’s sales and new business initiatives with ongoing account management, claims and policy servicing support. “Lexie is an intelligent, dedicated self-starter who, while working at other firms, has assisted contractors both big and small to identify their desired project coverage,” says Jefferey S. Lejfer, CPCU, President of RT New Day. “This experience will prove invaluable as she learns our…

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NFIP improvement bipartisan flood insurance bill in the works in Louisiana

Bipartisan flood insurance bill - Hurricane Katrina New Orleans

In the wake of Hurricane Barry, state senators are working on a strategy to improve the flawed program. Hurricane Barry may not have been a worst case scenario in Louisiana, but the damage it left behind has driven senators to push harder for a bipartisan flood insurance bill overhaul. NFIP has been problematic for quite some time, but the senators are hoping to make it better. Despite some flooding and damage left behind by Barry, Senator Bill Cassidy pointed out that Louisiana could have fared much worse. The storm corrected…

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Oil insurance rates “increased 10-fold” since Strait of Hormuz tanker attacks

Oil insurance rates - Oil Tanker

The attacks on oil tankers and U.S. spy drones since may have been driving the risk – and cost- skyward. Oil insurance rates to cover tankers transporting crude around the world have been rising sharply over the last couple of months. A US listed shipping company’s CEO pointed out that the recent attacks have spiked premiums. Since May, a U.S. spy drone and six oil tankers have been attacked near or within the Strait of Hormuz. That waterway is a strategic transport route that connects Iran, Oman and the United…

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Earthquake insurance rates head sky-high in parts of California

Earthquake insurance rates - Graph

As Californians rocked by the recent quakes seek coverage, they’re finding sky-high premiums. Across California, consumers have been watching earthquake insurance rates increasing. The reason is that the latest premiums calculations include forecasts of how large future quakes will be and where the worst ones will strike. This is terrible news for many people who were looking to renew or purchase policies. Current predictions suggest that about 250,000 current policyholders will experience increased earthquake insurance rates. Many of the property owners in Southern California may see their premiums increase by…

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Landscape insurance covers homeowners with valuable gardens and trees

Landscape insurance - Home and Garden

Some homeowners have adequate coverage with their standard policies but others need more. Summer is here and with it are the season’s severe storms and other potential risks that make homeowners look into landscape insurance. Summer comes with a full range of highly destructive perils that can harm expensive landscaping. Summer storms can be far more severe than spring rains. Hot temperatures can bring wild winds, downpours of rain, lightning strikes and damaging hail. If you have a good homeowners insurance policy, you’ll have the coverage you need to cover…

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Top US cities for speeding tickets identified in recent report

Speeding tickets - Fast Car

A new Insurify study revealed the top 20 cities across the country where speeders tend to drive. Driving over the speed limit is far from a rare occurrence in most cities, but new data regarding speeding tickets has pointed to the cities where it happens most. There isn’t a driver on the road who hasn’t seen another vehicle go zipping by above the marked limit. The Insurify study didn’t take into account the reason for the excessive speed. That data was not available for analysis. The recipients of the speeding…

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