Author: Nordstrom

Uber liabilities means the rideshare company “depends heavily” on insurance coverage

Nordstrom
Uber liabilities - Uber app

The firm is on its way to its initial public offering and would not have reached this place without policies. Uber liabilities are widespread due to the very nature and size of the company. As it comes closer to its initial public offering (I.P.O.), many are recognizing that insurance coverage was integral to its success. The rideshare company is seeking to raise $10 billion along the way to its initial public offering. Uber Technologies Inc. openly acknowledges that it wouldn’t have been possible for it to reach this point without…

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Trump steps back from Obamacare overhaul until after the 2020 election

Nordstrom
Donald Trump Obamacare overhaul

The president backed away from his previous insistence for a vote on an Affordable Care Act replacement. Last week, President Donald Trump withdrew from his prior push for an Obamacare overhaul vote. He had been seeking a vote toward a replacement for the Affordable Care Act. Trump changed directions, deciding to hold off his efforts against the ACA until after the 2020 elections. Trump’s move away from the Obamacare overhaul vote was a recognition of the current political situation. It has become clear that health care replacement legislation would not…

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Michigan auto insurance is unaffordable to 97 percent of ZIP codes, says UM study

Nordstrom
Michigan auto insurance - Car Crash

Nearly every ZIP code has car insurance premiums greater than 2 percent of household income. Michigan auto insurance rates are too high to be considered affordable to people living in 97 percent of the ZIP codes across the state, says a new University of Michigan study. The research was conducted by Poverty Solutions, the university’s campus-wide think tank. The study determined that the cost of auto insurance represented too much of a household’s income. What the researchers found was that in 97 percent of the ZIP codes across the state,…

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New study reveals 2019 cheapest cars to insure…and the most expensive

Nordstrom
Cheapest Cars to Insure - Honda Odyssey Minivan

Consumers looking for the vehicle that will generate the lowest premiums are paying attention. Regardless of your driving record, your risk profile and where you live, the difference between the cheapest cars to insure and the costliest can be staggering. The wrong vehicle choice can skyrocket the amount a driver pays every month in premiums. There are many factors that determine the cheapest cars to insure. While it’s easy to assume that the least expensive vehicles will also be the least expensive to cover, that’s not always the case. Indeed,…

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Berkshire Hathaway Insurance Group braces for Brexit with new Dublin unit

Nordstrom
Berkshire Hathaway Insurance Group - Brexit - UK and EU flags

The insurer has received approval for the new unit to service clients in Ireland and across the E.U. Berkshire Hathaway Insurance Group Inc. announced that it has received the Central Bank of Ireland’s approval to establish a Dublin unit. The goal is to be prepared for any form of Brexit, to be able to service clients in Ireland as well as throughout the European Union. The new Berkshire Hathaway European Insurance will act separately while remaining fully owned. According to the Berkshire Hathaway Insurance Group, the new unit will be…

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Climate change impact greater than insurance industry’s capacity to offset financial risk

Nordstrom
Climate change impact - World in water

The affects of a warming planet will prove to be too expensive for coverage alone to keep up, say analysts. The financial risks associated with the climate change impact may become greater than what the insurance industry can cover, according to a new report. Analysts say that the financial risks are growing, from investing into coal-powered plants to the climbing premiums for flood insurance, the expenses are already rising and will continue to do so. That said, the difference that firms can make to control both the risks and the…

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Health insurance members gain exclusive access to the Fitbit Inspire

Nordstrom
Health Insurance members - Fitness Tracker

The popular fitness tracker maker has launched a new device that you won’t find in stores. Fitbit has unveiled a brand new model of fitness tracker available only to health insurance members and employees. The Fitbit Inspire was developed for this exclusive use and won’t be sold in stores or on its own website. The launch was a quiet one this month, representing its first release that won’t be available to consumers. The Fitness Inspire was developed specifically for use by health insurance members and corporate employees. The concept behind…

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