Five Natural Disasters You Need to Be Insured Against

Five Natural Disasters You Need to Be Insured Against

In the past few years, natural disasters have gone from being freak occurrences to a regular part of life. One of the classic examples in recent years is the wildfires that tear through California every year now with scary regularity. As climate change worsens, it is important that your business is fully insured against natural disasters, no matter whether you live in a disaster zone or not. In order to help you get insured as best as possible, then it is necessary to read this guide about disasters to be…

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Health insurance birthday rule may be coming to an end

Health insurance birthday rule - parents with newborn

Proposed law would remove large, unexpected expense from new parents in rare unfortunate circumstances. The obscure health insurance birthday rule could be on its way out, sparing new parents the risk of enormous unexpected medical expenses in the case of certain care requirements for the newborn. This regulation dictates the way that insurance companies choose coverage when both parents have a plan. The bill would take away the health insurance birthday rule, letting the parents decide which policy covers their child. As it stands, the regulation requires the coverage of…

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7 Crucial Steps to Secure Your Home for a Hurricane

7 Crucial Steps to Secure Your Home for a Hurricane

Hurricane season is no joke for millions of homeowners that live in high-risk areas like Florida and other east-coast states. In 2020, the season was so severe that the designated list of named storms was used up, and officials had to start naming the remaining storms using the Greek alphabet. This year could be worse. Preparing your family and home to survive a deadly hurricane season should be a priority. Hurricanes can change direction or increase in severity in just moments making it essential to have a plan in place…

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Wildfires make California farm insurance harder to find

California farm Insurance - Farm, field and equipment

The worsening trends are making some grower properties too risky to insure. The cost of California farm insurance has been rapidly rising for years as a result of more severe and frequent wildfires, but this year the situation has worsened in a striking way. The coverage isn’t just becoming too expensive, but in some cases its entirely unavailable. Following years of rising costs, California farm insurance is now seeing what is known as a managed retreat. Insurers that had once been offering policies to farmers and growers have been stepping…

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4 Things About Insurance Companies You Should Know

4 Things About Insurance Companies You Should Know

When you become an adult, you’ll probably realize you need insurance. The more of it you have, the better you will feel. You might need homeowner’s insurance, various car insurance varieties, life insurance, and potentially dozens of other kinds. There are some things about insurance companies, though, that either the general population doesn’t realize, or else they don’t spend very much time thinking about them. We’ll talk about insurance companies a little bit in this article, and we’ll point out some ways they operate that you should never ignore. They’ll…

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Why would a small business require technology errors and omissions insurance?

Technology Errors and Omissions Insurance - Person using tech

This specialized coverage product is meant to protect against professional liability risks in this industry. Technology errors and omissions insurance is a form of specialized coverage product offering people in the technology industry protection against professional liability risks specific to them. This coverage can be known by many different names but is often key for those in the tech industry. Technology errors and omissions insurance is comparable to traditional E&O policies, also frequently known as professional liability policies, or as malpractice insurance. That said, those traditional policies are usually written…

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Insurance merger between Aon and Willis Towers Watson abandoned

Insurance Merger - Broken Chain

The largest broker in the world won’t be forming due to delays from US regulator objections. Aon Plc (NYSE stock symbol AON) and Willis Towers Watson Plc (NASDAQ stock symbol WLTW) have announced that they are calling off their planned $30 billion insurance merger. Had the two companies joined together, they would have become the largest insurance broker in the world. According to the companies, the insurance merger faced an unacceptable delay and level of uncertainty due to US regulator objections. The deal had been initially announced in March 2020.…

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