Author: H. Cutner

Many insured Americans rely on charity due to health insurance deductibles and copays

H. Cutner
Health insurance deductibles - hands holding US dollars

Despite having a health plan, many people across the country can’t afford the medical care they need. Skyrocketing health insurance deductibles and copays are forcing many covered Americans to rely on charity to pay for medical care. Crowdfunding and medical charities have become the norm to fill in gaps for insured Americans. A recent LA Times report placed the spotlight on a growing trend among insured Americans. It showed that the cost associated with health insurance deductibles and copays can make medical care cost prohibitive even for Americans with medical…

Read More

Thai uninsured drivers now have a unique affordable auto insurance policy option

H. Cutner
Uninsured Drivers - Driver - Steering Wheel

Thaivivat and AIS partnered to attract these motorists with coverage exclusively while driving. Thaivivat, an insurance company in Thailand, has partnered with telco AIS to draw uninsured drivers in the country. The idea is to provide a type of coverage that is affordable through a unique product that is a first of its kind in the world. This auto insurance coverage is unique in that it applies only when the vehicle is in operation. This program to appeal to uninsured drivers is the first on the planet that automatically covers…

Read More

53% of independent workers think they don’t need self employed liability insurance

H. Cutner
Self Employed Liability Insurance - Man sitting on couch using laptop

A new survey showed that more than half of freelancers think they don’t need any coverage. Fifty three percent of freelancers, independent contractors and small business owners feel they don’t require self employed liability insurance, said a new Qdos survey. Moreover, over half of those who think they don’t necessarily need it don’t have any coverage at all. The Qdos survey showed that 29 percent of those freelancers and independent contractors had no self employed liability insurance at all. That said, clients are coming to understand the importance of coverage…

Read More

Missouri earthquake insurance market is getting very shaky

H. Cutner
Missouri earthquake insurance - US Flag, Missouri Flag, Jefferson National

The state D.O.I. published a new report showing the lack of high-magnitude tremor readiness. A new Missouri earthquake insurance report was recently published by the state’s Department of Insurance (D.O.I.), highlighting some troubling details about the market there. The “Earthquake Insurance Market Report” showed a lack of preparedness in the event of a large quake. The Missouri earthquake insurance report revealed some troubling facts about the readiness of the state’s market to recover if a high magnitude quake should occur. This is particularly worrying as the southeast of the state…

Read More

Earthquake insurance rates head sky-high in parts of California

H. Cutner
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…

Read More

Jewelry insurance appeals to diamonds and heirlooms

H. Cutner
Jewelry Insurance - Jewelry - Necklaces - Silver - Gold - Pearls

Expensive rings, necklaces, earrings, watches, bracelets and other items need separate coverage. Engagement rings, great-grandmother’s necklace and other expensive items can benefit from jewelry insurance coverage. Their coverage under homeowners or renters policies is very limited. Often, there is inadequate protection offered for the full value of a high-value piece. Renters and homeowners policies offer protection but only up to a certain limit for all pieces. Homeowners and renters insurance policies will usually limit jewelry coverage at around $1,000 to $5,000. However when it comes to more expensive pieces, this…

Read More

Trupanion pet insurance company slammed with $100k fine

H. Cutner
Trupanion pet insurance - Gaval - Judge - Fine

The Seattle-based insurer is being sanctioned by the commissioner’s office for the third time in four years. For the third time since Insurance Commissioner Mike Kreidler took office four years ago, his office has sanctioned Trupanion pet insurance. The animal health insurance company was fined for a number of different behaviors and activities. Trupanion Managers USA, a unit of the publicly traded Trupanion pet insurance company, was fined for a number of its marketing activities. These include: • Paying an unlicensed website for pet insurance marketing and lead generation, •…

Read More