Affordable Care Act challenge dismissed by Supreme Court

Affordable Care Act - Supreme Court

The justices turned down the Republican state-led challenge to the health care law. At the end of last week, the Supreme Court dismissed the challenge to the Affordable Care Act. This left the law intact, keeping millions of Americans’ health care coverage in place. The justices rejected the former Trump administration and Republican-led states’ effort to block the law. The challenge to the Affordable Care Act led by Republican states and the former Trump administration sought to have the justices block the law in its entirety. According to the Supreme…

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FEMA recommends flood insurance coverage even outside flooding zones

Flood insurance - flooded neighborhood

The Federal Emergency Management Agency says that if it rains, there is also a risk of flooding. The Federal Emergency Management Agency (FEMA) is recommending that home and business owners purchase flood insurance regardless of whether they live in a high-risk zone. FEMA said flooding is the most common and expensive natural disaster in the United States. According to FEMA, flood insurance is not covered under most standard home and business policies. That said, flooding poses the risk of destroying structures and possessions of a home or business in a…

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Allstate survey shows motorists shut off nuisance driver assistance technology

Driver assistance technology - Car with GPS tech

As vacation season begins in Canada, the insurer is encouraging motorists to use the tech properly. Vacation season is heading into full swing in Canada, where a recent Allstate survey has found that motorists are annoyed by driver assistance technology and have been shutting it off. The insurance company is hoping to emphasize the importance and benefit of using the tech as recommended. To an increasing degree, vehicles are being equipped with driver assistance technology as a standard feature. These include vehicle proximity alerts, rear-view cameras and others. Some of…

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Strategic Wealth Management is an Insurance Policy for Old Age

Strategic Wealth Management is an Insurance Policy for Old Age

With more people living longer and healthier than ever before, it is highly recommended that you have a clear financial plan for your retirement years. Worldwide there are 901 million people over the age of 60, and most of these people will live healthy lives. The odds, and the natural cycle of life, mean that you too will join this age group at some point and thus should be prepared. It is the underlying premise of all insurance and perhaps the most pressing pre-planning that many will need to do.…

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Everything You Need to Know About Water Damage in the Home

Everything You Need to Know About Water Damage in the Home

If you are a homeowner, then the signs of water damage will likely make you very worried. Unfortunately for homeowners, water damage is not always easy to spot. Often, signs only become noticeable when the effects of water damage are already irreversible. Knowing more about common signs and categories of water damage enables you to better spot and treat potential causes. Why is Water Damage such a Big Deal? Water damage can have a number of different effects depending upon the scale and form of damage you are dealing with.…

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Governor DeSantis signs overhaul of Florida homeowners insurance law

Florida homeowners insurance - Homes in Florida

Insurers are hopeful that this could help to ease losses but say more changes are still needed. Governor Ron DeSantis recently signed a Florida homeowners insurance overhaul into law. This will change many of the regulations regarding property coverage. Starting in July, the state will launch efforts to halt contractors pushing policyholders to add repairs. The legislation is meant to help stop contractors from pressuring policyholders from approving unnecessary repairs that will then be charged to Florida homeowners insurance companies. Moreover, it will also limit the capacity of adjustors to…

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Luma Appoints Annuity Industry Leader Keith Burger as Director of National Sales

insurance news industry

Cincinnati, OH, June 15 2021 – Luma Financial Technologies (“Luma”), an independent, market leading multi-issuer structured products and annuities platform, announced today that annuity industry veteran, Keith Burger, has joined the company as National Sales Director for Annuities. Mr. Burger will lead Luma’s rapid expansion across all distribution channels as the annuity technology platform of choice. He will oversee the firm’s strategic initiatives to provide Luma’s scalable platform to financial professionals looking to increase the efficiency and effectiveness of transacting in the annuity marketplace. Firms who implement the Luma platform…

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