Insurance coverage increasingly scarce and costly for fossil fuel companies

Insurance Coverage - Oil sands

Oil sands and coal companies are facing rising challenges getting affordable coverage worldwide. Insurance coverage is critical for any large business to operate, but firms centered around oil sands and coal are finding it increasingly challenging to get the policies they require, particularly at an affordable price. A growing number of insurers have stopped underwriting companies in high-polluting fossil fuels. As a result, insurance coverage is harder to find for companies producing, transporting or storing certain fossil fuels that are among the highest greenhouse gas emitters, such as those involved…

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What Does Landlord Insurance Include?

What Does Landlord Insurance Include?

A landlord shield or insurance is designed to cover unique risks associated with renting your property for a long period. It includes things like property damage, liability cost, along with the loss of rental income, for landlords renting out their property. Whether you are renting out a vocational home or an investment property, in the form of landlord insurance holds extreme importance. It is essential to protect your property against the financial risks associated with the renters living there. Landlord shield policies generally cover the dwellings or structures of your…

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Mississippi Senator Pushes for One Year National Flood Insurance Program Extension

National Flood Insurance Program - home floating on life saver

Sen. Cindy Hyde-Smith is seeking legislation to extend NFIP for another year beyond September 30. The National Flood Insurance Program (NFIP) is approaching its expiry date on September 30, but Mississippi Senator Cindy Hyde-Smith is pushing for legislation that will provide another year’s extension. Over five million American families and businesses rely on NFIP protection, many of which are in the state. More than 60 thousand people in Senator Hyde-Smith’s home state depend on National Flood Insurance Program coverage. The senator is one of the NFIP Extension Act of 2021…

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How to Save Money on a Daily Basis

How to Save Money on a Daily Basis

In a person’s life, there are a lot of things that matter greatly. To name a few, family, friends and health are things that are thought-about on a daily basis, and rightly so. These are really important things and deserve all the thought in the world. Another thing that is very necessary to think often about it is money. Although money may not make the world go around, it is one of the more important things to a person. No matter who you are or what lifestyle you live, money…

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How to protect your business investments

How to protect your business investments

It can be a risk to start a business as it is a costly affair. Investing your time and hard-earned money can be both thrilling and scary. So, you need to make sure that your business investments are properly protected. Here are some tips on how to do so.  It can be risky business investing. And it is even more so if you invest in your own business and need to get started from the bottom. It can be a tough world to enter but it also has potential for…

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Insurance industry taking a close look at limiting climate change exposure

Insurance industry - Fossil Fuels - Coal Plant

As a part of its efforts, it is taking certain moves away from fossil fuels, particularly in coal. The insurance industry is taking the threats from climate change increasingly seriously and as a part of its efforts to limit exposure, it is moving away from fossil fuels that pose the highest risk. Twenty-three companies have adopted coverage limiting or cessation policies for the coal sector. “This was not an issue that was central in the insurance sector, even 7 years ago,” explained Insurance Bureau of Canada national director of climate…

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Why Is Pet Insurance So Important?

Why Is Pet Insurance So Important?

There are many forms insurance that an average person will have, including home, car, and medical insurance. Yet when it comes to pet insurance, this is something that can be forgotten at times. However, there are many reasons why having pet insurance is incredibly important, and after reading this blog, hopefully, you’ll understand why pet insurance is absolutely necessary when you have any kind of pet. Read on to find out more.   Pet Insurance Saves You Money If your pet is injured or becomes sick, you will need to take…

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