Disability Insurance – A Dying Breed

When you think of disability insurance, you may automatically think about the benefits some receive through the Social Security program. This is run through the government. Everyone pays in, and someone who becomes disabled can then receive money each month. This program has saved many families from financial ruin, but the amount you can receive each month is not a lot. Families need more protection. Did you know there are other policies you can buy on your own in the event you are in a terrible accident or if you…

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Who can benefit from cancer insurance?

As it is a form of supplemental health coverage… many people wonder if they can truly benefit from cancer insurance or if it simply means spending more money at a time when there isn’t a lot of extra to go around. In order to determine whether or not cancer insurance will be beneficial for a given consumer, both mathematics and emotions must be taken into account. Cancer insurance should be considered in the same way as any other form or protection – coverage for a “what if” scenario that could…

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A Christmas tale from an insurance point of view

We found this and couldn’t resist…so in the spirt, please enjoy a Christmas tale from the insurance side of life! ‘Twas the night before Christmas (12:01 a.m. 12/25) and all through the house (single family, joisted masonry, e.c.3, terr. 44, pc5), not a creature was stirring, not even a mouse (thorough pride of ownership and excellent maintenance). The (flame-retardant) stockings were hung by the (contractor-installed) chimney with care, in hopes that St. Nicholas soon would be there (in spite of deadbolt locks and central station alarm system). The children (ages…

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Breast Cancer Awareness Month; A fresh look at a three-pronged approach to personal cancer protection

Though cancer is a frightening and potentially devastating illness that affects millions of families across the country and around the world, many Americans are learning how to take action to protect themselves as much as they can from the impact of this disease. This effort has three stages and, in the unfortunate event that cancer should occur, it ensures that its impact on your life, that of your family, and on your future will be kept as low as possible. The first step is prevention. A healthy lifestyle, including choices…

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U.S natural disasters: How the insurance industry is faring and what consumers need to know about the future.

As Hurricane Irene barrels down on the East Coast, Chris Hackett, Director of Personal Lines Policies for The Property Casualty Insurers Association of America (PCI), has quite a few things to say concerning insurance and how people will be affected by the storm. We were able to ask Mr. Hackett about current, past and even future potential natural disaster events that we all should prepare for. Here is what he had to say: Live Insurance News – With hurricane Irene beating down on the Carolinas, and maybe even New York,…

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New California earthquake bill promises lower rates and more coverage

After seeing earthquakes rip through Japan and New Zealand, California is now being eyeballed as many realize how under-insured residents truly are. A new bill backed by California senators, Barbara Boxer and Dianne Feinstein, is promising high insurance premiums to be cut by 30% and a reduction of large deductibles for homeowners – without having to come out of the tax-payers pocket. The bill proposes that the California Earthquake Authority, a state run non-profit insurance program, will be allowed to apply for what’s called a, “guaranteed federal loan” in the event…

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Overall lower auto rates for Californians

California’s median auto insurance rate has decreased by 3.1% according to reports from InsWeb, an online insurance quote database. The decreased occurred over the past year with the national average following a similar pattern and dropping by 5.6% over the same time period. California currently ranks as the 19th most expensive state in which to insure a vehicle in the U.S. The report suggests that Californian males pay more for their auto insurance than women by nearly 7.7%. Drivers aged 19 and younger pay nearly double the rates of any…

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An eye opener to insurance fraud

Insurance fraud claims have been rising, and it seems consumer’s tolerance to the wrongdoing has risen also. The 2010 statistics show that the fraud claims totaled 80 billion dollars last year. It has been referred to as a white collar crime, and many people consider it a “victimless” crime. Why would someone file a bogus insurance claim? In the case of a Connecticut man, it seems he committed the crime out of spite. The 62 year old man was a former advertising executive and was being divorced by his wife…

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New York drivers in for steeper point surcharges

The cost of driving in New York can add up and it’s going to get higher. Starting next week drivers better hang up while behind the wheel or they’ll face a steeper penalty on their record. Driving while talking on the phone has been illegal for many years but only now has the point count gone from 1 point to 2. The state requirement allows 11 points over an 18 month time period before you’ll lose your license. Experts agree, since car insurance rates are based on the amount of…

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The Nation’s scorecard for health care performance

The Commonwealth Fund, a private foundation that promotes higher performing levels of health care, released a new report showing a state to state comparison of health care performance. The report or some refer to as a scorecard,  paid special attention to children’s health care and was judged on 20 different criteria’s, some of those being:  access to care, treatments, insurance and prevention. Cathy Schoen, senior VP of the Commonwealth Fund, stated in a news release, “The study demonstrates how policies designed to maintain children’s health insurance and access to health…

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