Author: Logan B.

NRA under investigation in New York for illegal gun insurance kickbacks

Logan B.
Illegal gun insurance - gun

The state regulator is looking into the National Rifle Association’s role in selling banned coverage products. The New York Department of Financial Services is currently investigating the NRA for allegedly taking illegal gun insurance kickbacks in the state. The investigation is examining the National Rifle Association’s role in the sale of banned coverage products to firearm owners. The NRA allegedly took in at least $14 million in illegal kickbacks in the state. The state regulator’s investigation is one component of a broader effort that launched in 2018. It is the…

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Traditional long term care insurance policy sales maintain downward slope

Logan B.
Traditional long term care insurance - Hand over senior citizens

Data shows that Americans are buying fewer LTC policies year over year. Americans are no longer purchasing traditional long term care insurance at the same rate they used to. In 2018, they bought only about 60,000 stand-alone policies in that category. That represents a drop of 13 percent year over year. Falling sales mean fewer insurance companies are participating in this coverage sector. Only about 15 carriers actively sold traditional long term care insurance policies last year. Moreover, among them, five took in over three quarters of the entire market,…

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Medicare for All plan won’t end private insurance, says Senator Kamala Harris

Logan B.
Medicare for All - Official Portrait of Kamala Harris

The senator’s new strategy would transition all Americans to coverage within the span of a decade. Senator Kamala Harris released a new Medicare for All healthcare plan at the start of this week. The purpose would be to transition all Americans into the system within 10 years. The healthcare plan would let private insurance companies remain provided they are compliant. This plan was released ahead of this week’s Democratic debates in Detroit. This Medicare for All healthcare plan doesn’t move as quickly nor span as widely as Senator Bernie Sanders’…

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Alien abduction insurance readily available to Florida residents

Logan B.
Alien Abduction Insurance - UFO

An insurer in the state sells a product for people concerned about UFOs and little green men. Whether or not you believe that beings from another world could take you away from the Earth, an alien abduction insurance can cover you, provided you live in Florida. An agency in the state is now offering limited and comprehensive policies against these abductions. St. Lawrence Agency owner Mike St. Lawrence in Altamonte Springs, Florida, created and sells a new type of coverage for its customers. This alien abduction insurance is being sold…

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Oil insurance rates “increased 10-fold” since Strait of Hormuz tanker attacks

Logan B.
Oil insurance rates - Oil Tanker

The attacks on oil tankers and U.S. spy drones since may have been driving the risk – and cost- skyward. Oil insurance rates to cover tankers transporting crude around the world have been rising sharply over the last couple of months. A US listed shipping company’s CEO pointed out that the recent attacks have spiked premiums. Since May, a U.S. spy drone and six oil tankers have been attacked near or within the Strait of Hormuz. That waterway is a strategic transport route that connects Iran, Oman and the United…

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