Author: Nordstrom

Insurance brokers start charging fees to compensate for missing commissions

Nordstrom
insurance brokers agents stress

These industry professionals have also been limiting their new clients as a strategy to keep up their incomes. Traditionally, insurance brokers have made a significant portion of their earnings via health insurer commissions. However, when it comes to the sale of health plans, considerable changes have been made recently in Massachusetts. Health insurance companies have either eliminated or sizably reduced their commissions to brokers. Therefore, this has forced many brokers to seek new ways of generating an income for the first time. For a large number of brokers, this has…

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Halloween insurance costs are sending haunted houses to the graveyard

Nordstrom
Halloween Insurance News - Safety

These attractions are rapidly disappearing due to the associated liability costs for organizers. Haunted houses have long been a tradition at this time of year, but the cost of Halloween insurance has been shutting them down. Many communities across the country have found that the attractions weren’t coming back this year. Over the last couple of decades, haunted houses had been rapidly rising in popularity. It reached the point that people who truly enjoy a good fright would be able to go from one haunted house to the next. They…

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Will higher health insurance rates keep insurers in the exchanges?

Nordstrom
health insurance rates

Regulators across the country are allowing insurance companies to make health plans more expensive. State regulators across the nation have been steadily giving the nod to increased health insurance rates. In fact, many have made it possible for those insurers to raise premiums more than the companies had requested. This may appear to be in opposition to the goal of keeping rates as low as possible for consumers. However, a data analysis conducted by USA TODAY suggested a different purpose for these decisions. The national newspaper indicated that the regulators…

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Classic motorcycle insurance differs greatly from standard policies

Nordstrom
classic motorcycle insurance safety program

They may be in a similar category of vehicles, but the type of coverage they require is quite different. Classic motorcycle insurance, like the coverage for vintage and antique bikes look very similar to standard policies but are different in important ways. These motorcycle insurance policies provide the same types of coverage overall. They protect against personal property and bodily injury liability. They also provide the option of coverage for other perils. That said, classic and vintage motorcycle insurance provides a higher level of cover for more expensive rides. Riders…

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Health insurance trends show many covered Americans still aren’t seeking care

Nordstrom
california wildfire victims angry frustrated

Millions of people are skipping medical care despite the fact that they have a policy. A survey commissioned by the American College of Emergency Physicians provided notable insight into health insurance trends. Unfortunately, it has revealed that many people who have a health plan are skipping medical care. They are showing increasing discontent with the expense and quality of their health plans. Almost a third of survey participants felt their health insurance coverage had declined over the past year. Only 15 percent of the participants in the health insurance trends…

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