Homeowners insurance controversy is brewing in North Carolina

homeowners insurance business owner

Homeowners issue complaints regarding rising insurance rates Homeowners in North Carolina are voicing their concerns over some insurance companies raising premiums over the state-approved maximum. In many parts of the state, homeowners insurance is becoming more expensive due to a loophole that exists in the state’s laws. This loophole allows insurers to send “Consent to Rate” notifications to homeowners that are about to renew their insurance policies. These notifications inform homeowners that their rates will be going up more than state law would allow for normally. Consent to Rate becomes…

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High-profile attack highlights importance of cyber insurance

identity theft cyber insurance

Community Health Systems files comment with federal government concerning recent data breach Tennessee’s Community Health Systems, an operator of acute care hospitals, has filed a statement with the federal Securities and Exchange Commission concerning a recent data breach that compromised patient medical files. The organization’s hospitals store patient information digitally in order to ensure that this information can be accessed more easily. Digitizing these records can be a risky practice because of the complex and unpredictable nature of cyber attacks. 4.5 million people may have been affected by the cyber…

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Pet insurance is taking off in the United States

pet insurance info

At the same time that people are buying their own health plans, they are also looking into coverage for their animals. Although the health care reform has been in the headlines over the last little while, there has been a broader trend that has been affecting members of the family who don’t happen to be human, as pet insurance has been expanding across the United States. Pet health insurance is growing among individuals as well as among employers who want to attract talent with more benefits. There are a number…

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Health insurance subsidies hit a roadblock in the US

health insurance deadline enrollment

Some people may be receiving more subsidies than they are due U.S. consumers may be receiving more subsidies from the federal government than they are due to receive under the Affordable Care Act. The federal law offers financial assistance to those that fall within a certain range of poverty, as defined by the government. Subsidies are meant to offset the cost of health insurance policies, making them more affordable and more widely available to consumers throughout the country. Some people may be abusing the availability of these subsidies, however. Some…

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Life insurance product from Barclays classed as “simple”

life insurance news Barclays Bank

Life insurance policy is the first of its kind to be designated as a “simple” product A new life insurance policy being sold by Barclays and underwritten by Aviva has become the first product of its kind to be classified as “simple” by the British Standards Institution. Last year, the Bank of England issued a report regarding the need for simplistic products within the financial services sector. Typically, many insurance products are difficult to understand because of their complex nature. This can make it difficult for people to find the…

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