Mercury shares insurance policy savings tips with its customers

Insurance Policy - Helpful Tips

The insurer released a Holiday Buyer’s Guide to help consumers get the right coverage for a better price. With the holiday season now underway, the odds are higher that a claim will be made on an insurance policy than they are at most other times of the year. That said, a claim can only be made if the right coverage is in place, moreover, not all coverage is priced equally. Therefore, Mercury has issued a Holiday Buyer’s Guide to help people to find precisely what they need and at the…

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Voluntary Advantage Welcomes Key Contributor For Their Monthly Publication

supplemental benefits market

November 29, 2022 / Denver, Colorado: Voluntary Advantage is excited to announce Sydney Consulting as a Key Contributor to their monthly publication for the Voluntary Benefits industry, “The Voluntary Benefits Voice”.  Sydney is an Actuarial and Compliance consulting firm that specializes in the supplemental benefits market. Sydney works with a gamut of insurance carriers; from Fortune 500 insurance titans to closely held market disruptors, providing end-to-end solutions for bringing products to market. Their services include product development, pricing, valuation, forms construction, rate and form filing, legal research, objection responses, technology…

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State Farm announces its first Task Force on Climate-Related Financial Disclosures

State Farm - New report

The insurer issued a release discussing the ways in which it is addressing climate risks. State Farm has announced the creation of its first Task Force on Climate-Related Financial Disclosures (TCFD) report. The goal is to provide transparency regarding its climate risk strategies for policyholders and its own business. In the release, State Farm recognized that climate change is bringing about greater risk and uncertainty for policyholders, particularly in terms of the severity, frequency, and location of catastrophic weather events. As such, the insurer has acknowledged its primary role as…

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California seeks to achieve largest possible worker health insurance subsidies

California Health Insurance - Employees denied

The goal is to ensure that workers receive the maximum assistance for coverage during labor disputes. California is aiming to ensure that workers in the state will receive the largest possible health insurance subsidies throughout labor disputes. This move is in response to a number of recent incidences when workers have been told they are losing their coverage throughout strikes and other similar disputes. Workers are having their coverage cut off or are threatened to lose coverage if they don’t return to work. For instance, earlier this year, Chevron workers…

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Turkey to require proof of insurance from oil tankers

Proof of insurance - Turkey

This move is expected to add bite to the sanctions from the international community against Russia. Turkey has announced that it will begin requiring that oil tankers making their way through the Bosporus shipping strait must provide proof of insurance. This step could prove challenging to the massive crude exports coming from Russia. Ships carrying crude through that waterway will need to present an official insurer’s letter. The oil tanker proof of insurance will need to state that the insurer is willing to provide adequate coverage for that specific vessel,…

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Nature Conservancy purchases an insurance policy to cover Hawaii’s coral reefs

Insurance policy - Coral Reef with fish

The nonprofit is the first organization to obtain coverage for the coral’s repair following coastal storms. Coastal storms in Hawaii have been damaging already threatened coral reefs and the Nature Conservancy nonprofit has now purchased an insurance policy to repair that damage. State officials cannot afford to implement the repairs that the coverage will pay the nonprofit to do. This first-of-its-kind insurance policy approach to climate change is an effort to obtain the necessary funding to help the coral reefs in Hawaii to keep up with the worsening storms. This…

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Voluntary Advantage is bringing the Voluntary Benefits industry together

voluntary benefits industry company

November 21, 2022 / Denver, Colorado – Voluntary Advantage is a newly formed entity that has been created to bring the Voluntary Benefits industry together and promote innovation and the open share of ideas, strategies, and information.  Voluntary Advantage was founded by Trevor & Heather Garbers and will publish a monthly magazine titled “Voluntary Benefits Voice” which will feature articles on important topics in our industry today including: trends, compliance, strategies, carrier news, product releases, and more. The Voluntary Advantage website (www.voluntary-advantage.com) will publish a Calendar of Events sharing information…

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