Insurance rates spike for businesses with exposures to the Russian war in Ukraine

Insurance rates skyrocket - Newspaper

Premiums have doubled or more for certain companies most affected by risks from the conflict. Insurance rates for businesses with exposures to the Russian invasion of Ukraine have doubled or more. This is particularly true of shipping firms and certain airlines. Throughout the first quarter of 2022, global commercial coverage premiums rose by 11 percent. The 11 percent insurance rates increase was announced by broker Marsh, which said that the Russian war in Ukraine was placing upward pressure on the premiums businesses are paying. That said, the overall hike in…

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The Next Step For Decentraland Is Insurance

decentraland metaverse insurance

Given the current hype surrounding the metaverse, Decentraland has emerged as one of this relatively new industry’s leaders since its launch in February 2020. A fully decentralized virtual world, Decentraland’s growth has been among the most successful. Even its most recent 14% dip in value has done little to quell the buzz investors and high-profile entities have shown. Case in point, in March, IMA Financial Group announced that it was launching the first-ever metaverse insurance and risk management research and development facility in Decentraland. This bold move aims to set new industry services that…

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Permanent life Insurance

Definitions are important It is essential to understand the different types of life insurance available to you and their differences.  Permanent life insurance refers to a category of insurance policies that never expire. Typically permanent life insurance includes a savings component as part of the policy on top of the death benefit. Two main types of permanent life insurance are universal life insurance and whole life insurance.  Let’s dissect these to clearly understand the differences between them. Universal life insurance Universal life insurance falls under permanent life insurance in that…

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7 Important Things Delivery Drivers Should Know About Insurance

In the last few months, online delivery businesses have taken off in a major way. The Coronavirus pandemic has unleashed the Ecommerce beast in almost all industry niches. If data is to be believed, Americans spent more than $11 billion in Pizza deliveries alone in 202-2021.  With groceries, medicines, food items, take outs, pets supplies and other essential and non-essentials getting delivered online, the same has fueled growing and profitable delivery businesses. This means vehicles and drivers that are doing last mile deliveries and delivering to the doorsteps of the…

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State Farm and Hagerty join together for classic vehicle insurance

Classic vehicle insurance - vintage Chevy Cadillac

The collaboration is set to start providing this special form of coverage starting in early 2022. State farm, the largest private passenger vehicle insurer in the United States, and Hagerty Insurance have agreed to collaborate to introduce a new classic vehicle insurance coverage plan starting in 2022. This new policy will be called the State Farm Classic+ and will launch early next year. The collaboration will add the entirely new classic vehicle insurance policy to the market so that owners of these cars and trucks will be able to purchase…

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Why the Country Still Needs the Affordable Care Act

The Affordable Care Act, ACA or “Obama care,” was enacted in 2010 and has had extreme proponents and detractors ever since. The Act was a reaction to the soaring costs of healthcare and health insurance, leaving millions uninsured and going into medical bill debt. So, what is the ACA, exactly, and what are its benefits? Read on to find out. Affordable Health Insurance The central pillar of the ACA is Obama care plans that provide affordable insurance to millions of people who previously had no coverage. Over 20 million Americans…

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Useful Things to Know as a Motorhome Owner

motorhome insurance and Maintenance

There are lots of perks to being a motorhome owner, and if you’re someone who loves to spend your holidays in areas of natural beauty, then purchasing one might be something you are considering. Not only are they great for extended trips, but they are ideal for weekend excursions as well. You can go to places that are a bit more remote, provided there is a decent road to get there, or park up at a campsite on the coast or in the countryside and enjoy the company of other…

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