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Understanding flood insurance in the US

January 26, 2014January 25, 2014 Note From The Editor

Flood protection is a problematic issue Flood insurance has become a strange subject in the U.S. Many homeowners are unaware of flood protection, but for those living in coastal regions of the country this protection is mandatory. Private insurers do not typically offer flood protection because of the costly nature of natural disasters and how often these disasters can cause floods in certain parts of the country. As such, the only place that most homeowners can find flood protection is through the National Flood Insurance Program. Receiving protection from this…

The role of insurance in the economy

December 21, 2013 Note From The Editor

Insurance and economy go hand-in-hand Insurance has managed to attract a lot more attention from consumers in recent years than it had in the past. Many people are now conscious of how insurance affects their lives, but few people are aware of the connection that insurance has with the economy. Indeed, it is more common for people to be aware of how the economy affects the insurance businesses than vice versa. To say that insurance is the underpinning of the modern economy may seem like hyperbole. When put into perspective,…

Beware Of Phantom Insurance

November 2, 2013March 20, 2019 Guest Author

Automobile insurance is one of those things that suck the fun out of owning and driving a car. Depending on the age of the car, where it’s garaged, and how often it’s driven, the premiums can be a huge pain. Add to this the extra burden of younger drivers, who are considered a greater accident risk and consequently have larger premiums, and the cost of that nice leisurely drive starts getting out of control. Then of course, there are deductibles, optional coverage, all of those extras that make life worth…

Flood insurance is a complex problem that may have a simple solution

November 2, 2013November 1, 2013 Note From The Editor

Flood insurance as a federal service In the U.S., flood insurance is a complicated matter, which is growing increasingly problematic as the days go by. Flood insurance throughout the country is handled by the National Flood Insurance Program, a federal program that offers coverage that is typically less expensive than what would be offered by private insurers. The program was launched in 1968 as a way for the federal government to account for the risks associated with flood disasters and the fact that many people lived in regions that were…

Insurance fraud is a costly problem

October 26, 2013October 25, 2013 S.Vagus

Insurance fraud makes coverage a complex matter Insurance can be a very tricky subject to navigate. Every sector of the insurance industry is awash with regulations, standards, and complex business practices that can make understanding coverage a chore at best. The complexities of insurance can cause a great deal of confusion, even among those that should not be confused. In the U.S., state and federal lawmakers often pass legislation in an attempt to mitigate the dangers that exist within the insurance sector. Much of this legislation institutes regulations that govern…