Author: Nordstrom

65% of Americans believe employer-sponsored health insurance is financially critical

Nordstrom
Health insurance - Survey - Keyboard

A new AHIP survey showed that employers feel it is important to recruitment and retention. About 65 percent of US adults feel that their employer-sponsored health insurance gives them “financial peace of mind” according to the results of a new AHIP survey. The survey was conducted as a component of a broader AHIP [email protected] campaign. The survey was conducted by Locust Street Group and ran from April 17 to April 25 on behalf of AHIP. The purpose was to gather insights into the thoughts adults have across the US regarding…

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Can Floridians afford another 40% property insurance rate hike?

Nordstrom
Property insurance Hikes Florida

Some experts are saying that premiums could experience another massive spike this year. Homeowners in Florida are already paying some of the highest property insurance rates in the United States, but experts are cautioning that even these high levels are likely to see significant increases this year. Some homeowners are already paying three times the national average for their coverage. The Florida Legislature recently passed a number of measures in the hopes of making a long-term impact that will gradually reduce property insurance rates. That said, while those advantages have…

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Motorcycle Awareness Month reminds riders to ride safely

Nordstrom
Motorcycle Awareness Month - Person going through test

May is an important time for riders to remind themselves of their safety habits as the warm weather begins. Motorcycle Awareness Month is more than halfway through, and it is offering riders a reminder that riding safe and smart are the best ways to enjoy their time on the road. Education and awareness are the top tools for making sure riders are keeping safe on the road. For Motorcycle Awareness Month, Delaware Governor John Carney and the state’s Division of Motor Vehicles (DMV) have teamed up with the state Office…

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FEMA flood insurance rate update released by ZIP code and county

Nordstrom
Flood Insurance Rates - Property

The Federal Emergency Management Agency has unveiled its price increase updates. The Federal Emergency Management Agency’s (FEMA) Risk Rating 2.0 flood insurance calculation method caused an uproar among advocates and critics who said that homeowners were destined to send prices skyrocketing for thousands of property owners. Homeowners in low-elevation coastal locations would be particularly affected, said critics. FEMA has now released data that reveals where prices will be increasing and decreasing, based on county and ZIP codes. The Miami Herald conducted an analysis of the new data and determined that…

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Florida insurance adjustors alleging fraud in Hurricane Ian payments

Nordstrom
Insurance adjustors - Fraud

Independent licensed professionals are providing evidence of fraud among certain insurers. Independent licensed insurance adjustors in Florida have been providing state regulators with evidence of alleged fraud relating to payouts made following Hurricane Ian. Hurricane Ian was the third most costly storm in the United States and the most expensive ever for Florida. The storm caused about $109 billion in damage in Florida. Field insurance adjustors are providing evidence to state regulators of allegedly fraudulent conduct by insurers which would affect thousands of homeowners in central and south Florida. Some…

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European Union aims to close climate change damage insurance gap

Nordstrom
Insurance gap - EU flag and Climate Change

Only about a quarter of catastrophe losses suffered in the European Union are insured. The European Central Bank (ECB) and European Union insurance regulators announced this week that it was working to better close the insurance gap to provide improved coverage from climate change by setting up public-private partnerships and issuing “catastrophe bonds”. The current uninsured catastrophe losses are creating risks to the EU economy and financial stability. As only about one quarter of catastrophe losses related to climate change in the European Union are insured, the insurance gap is…

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Britain launches deposit insurance program review to boost confidence in banks

Nordstrom
Deposit insurance - Bank of England

The Bank of England is looking into whether “improvements” need to be made to the program. The Bank of England (BoE) has stated that it is currently considering making “improvements” to the deposit insurance program that currently protects depositors who are customers of smaller banks. The coverage allows depositors at smaller banks to recover the money in their accounts if those banks fail. The country’s central bank has not yet released any details regarding what part of the deposit insurance program it is examining or what it is considering changing.…

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