Iowa makes insurance news for largest industry GDP in the US

Insurance news - Iowa highest GDP in US

The state is home to the headquarters of over 180 insurers and is thriving from this sector. Iowa is making unique insurance news this week as the state has been marked as receiving a higher percentage of its Gross Domestic Product (GDP) from that industry and the finance industry than any other state. This, according to a recent announcement from Debi Durham, Iowa Economic Development Authority director. With over 180 insurers headquartered in the state, this has become a critical part of its GDP. Iowa’s primary reputation hasn’t necessarily been…

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Things You Should Sort in Your Business Before Opening

Opening for Business

Opening a business is a very tough thing to do. As desirable as it might be to many people, it is also not plausible. It requires a very demanding amount of work and dedication, so much so that a lot of people are unable to handle such pressure; not to mention once you do finally get your business up and running, those first few weeks, months, and years can be very tough. That doesn’t mean that you should completely neglect the idea of opening a business, however. With the right…

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How to Handle Insurance After a Cancer Diagnosis

Insurance After Cancer Diagnosis

When you are faced with a cancer diagnosis, life suddenly becomes very simple and incredibly precious. All that truly matters is making it through the battle ahead and, in the end, defeating this unseen enemy for good. Unfortunately, the practical necessities of life don’t just dissipate when cancer rears its ugly head. There are still matters of daily living to attend to, and that includes ensuring that you have the financial resources on hand to fund your treatment while protecting your family from hardship.  More often than not, this will…

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Treasury cyber insurance claims data gets gov watchdog nod

Cyber insurance Support

A Government Accountability Office to release report on the Treasury’s role in shaping market in the spring. The Government Accountability Office has shown its support for the Treasury Department’s rising data collection from cyber insurance providers regarding claims. The information collection occurs by way of a program permitting the government to help with payouts. The data collection is permitted because of a program making it possible for the government to help out with cyber insurance payouts to policyholders when a catastrophic event occurs. The Federal Insurance Office at the Treasury…

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Commissioner Ricardo requires more commercial property insurance from FAIR

Commercial property insurance - Business property insurance

The California plan has been ordered to include increases to the decades-old business coverage limits. California Commissioner Ricardo Lara has announced that his office has ordered that the FAIR Plan must incorporate his mandated increases to the limits to commercial property insurance. The commissioner made the order to boost the coverage limits to better support Californian businesses. Lara announced that the commercial property insurance changes were meant to support businesses in California. “My order is part of an ongoing commitment to helping businesses in California thrive as our economy recovers…

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Getting Rid Of PMI: How To Do It

Private Mortgage Insurance

Private mortgage insurance (PMI) helped a record-high two million low-downpayment borrowers secure mortgage financing in 2020, a 53% jump from 2019, Housing Wire reports. It’s generally required if you’re unable to make a minimum down payment of 20% and ranges between 0.5%-2% of the loan total. Fortunately, however, you’re not locked into paying PMI (which can be hundreds of dollars each month) for the entire life of your loan and have several options for getting rid of it. Wait for automatic cancellation  Under the Homeowners Protection Act, PMI should automatically…

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Top 5 Reasons To Consider Hotshot Trucking Over On-The-Road Trucking

Hotshot Trucking

Since getting into the trucking business is a big challenge, making a whole business plan, paying the cost of establishing the business, buying vehicles, and going through a long process of fulfilling legal requirements, many staters find an alternative to get into this profitable industry.  The trucking business is nearly contributing to almost half of the entire US economy. Every truck driver is making a handsome income. Those who cannot run their own business are considering the merits of hotshot trucking. What Is A Hotshot Trucker? If you have never…

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