Live Insurance News

7 Ways To Invest In 2023 | A Detailed Study

March 21, 2023 Guest Author

Investing is a crucial aspect of building wealth and securing a financially stable future. While the investment world can be complex and intimidating, it is essential to understand the different investment options available to make informed decisions. In this post, we will discuss seven ways to invest in 2023, backed by genuine data and in-depth research. 7 Ways To Invest In 2023 Stocks Stocks have been a popular investment option for decades, and their popularity has only increased in recent years. According to a report by Statista, the number of…

Florida Senate attempts another bill to eliminate no-fault auto insurance system

March 21, 2023March 20, 2023 H. Cutner

No-fault auto insurance - People after car crash

The system has been plaguing the state and is blamed for keeping rates among the highest in the US. The Florida Senate recently introduced a new bill in an attempt once again to take down the no-fault auto insurance system in the state. The required coverage means that drivers must use their own policy when accident claims are made. In addition to the mandatory no-fault auto insurance coverage, drivers must also carry a minimum of $10,000 in personal injury protection coverage. Though the system was developed to help eliminate a…

9 Louisiana insurance companies apply for new incentive program

March 20, 2023March 17, 2023 Marc

Commissioner Donelon released an update about the strategy to take the pressure off Citizens. Louisiana Insurance Commissioner Jim Donelon recently held a news conference during which he released an update about the new incentive program in the state. The announcement revealed that 9 insurers selling in the state have applied for the program. The Louisiana insurance program announcement was a follow up to the $45 million funding bill state legislators passed to allow the Department of Insurance in the state to form an incentive program to draw more insurers to…

Louisiana Insurance Commissioner Jim Donelon won’t seek a 5th term

March 17, 2023March 15, 2023 G. Turner

In the midst of a property coverage crisis, he has stated that he won’t be running again. While Louisiana continues to scramble to keep on top of a property coverage crisis, Insurance Commissioner Jim Donelon has announced that he does not intend to seek re-election to a fifth term in the fall. This announcement is likely to generate greater interest in what will already be a heated race. The unexpected announcement arrived in the midst of Donelon’s efforts to keep Louisiana out of a potential property insurance market collapse. Since…

Physicians, Is Your Tail Covered? Why Must You Consider Tail Coverage When Switching Practices

March 16, 2023 Guest Author

medical malpractice what is tail coverage

Many new physicians may feel relieved when offered a contract that includes malpractice coverage by the hospital. However, unfortunately, things are not the same when switching to another practice opportunity after a few years! It is where tail malpractice coverage comes in. When switching your practice, it offers a backup plan in case any patient brings up a claim from your previous practice. Even if you still think you do not need one, here are some scenarios where you may be required to, or it will be a good idea…

Fannie Mae considers forgoing title insurance

March 16, 2023March 15, 2023 Nordstrom

The government-run company is considering eliminating this requirement for some mortgage lenders. Fannie Mae is considering a program that would bypass the need for title insurance and attorney opinion letters, according to a number of recent media reports. The program would allow certain mortgage lenders to be able to waive the requirements for the coverage. The program Fannie Mae is considering would waive required title insurance coverage for some lenders on loans sold to the government-run company, according to a recent The Real Deal report. Fannie Mae backs trillions of…

Silicon Valley Bank lacked deposit insurance in 85 percent of cases

March 15, 2023March 14, 2023 Marc

Deposit insurance - Person making a deposit - Business

Customers are seeking to find out what this means for the funds they had in their accounts. Last week, Silicon Valley Bank became the second largest bank failure in American history and new reports have revealed that over 85 percent of its deposits were without deposit insurance. The FDIC has been tasked with returning money to the bank’s customers where applicable. The Federal Deposit Insurance Corporation has taken over about $175 billion in customer accounts and will be returning money to customers where it can. That said, over 85 percent…