The high cost of long term care is rarely planned for

H. Cutner
Long Term Care Insurance Premiums on the Rise

While planning for retirement, few people plan for the potential need for nursing home care. The cost of long term care has become one of the largest expenses faced during retirement. At the same time, only a small minority of people actually plan for this eventual need. By the time a person reaches the age of 65, their chances of needing a nursing home at some point are about 50-50 at the moment. These types of annual cost are very high and most people haven’t factored it into their savings.…

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Motorcycle insurance policy coverage is frequently underestimated

G. Turner
Motorcycle Insurance policy

Many riders don’t realize the full extent of the protection they actually have when they purchase coverage. Most states require riders to own a motorcycle insurance policy when they head out on the roads. However, many policyholders don’t realize exactly what they can cover with these policies. There are many types of vehicle that can be included in this kind of protection. It is not uncommon for riders to expand their coverage to other vehicles once they realize they can. Regardless of whether or not it is required, purchasing a…

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China launches new life insurance products regulations

Nordstrom
china newspaper mobile life insurance products

The country’s official regulator has established new rules to slow the growth of short- and mid-term products. Short- and mid-term life insurance products are now subject to new rules in China. These were shared on an official website notice from the Chinese industry regulator, the China Insurance Regulatory Commission (CIRC). CIRC has been working to be able to reduce the risk associated with the investment into these products. The CIRC’s concern is that if investments are made into stocks and long term assets using funds based on short-term life insurance,…

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Health insurance market is experiencing a growth rate slowdown

Marc
affordable care act health insurance coverage

A government survey has shown that the growth rate within that market dropped significantly in 2016. A federal report has confirmed that the health insurance market growth rate is slowing down. In fact, this year saw a notable growth reduction when compared to the rates seen since the launch of the Affordable Care Act. Still, there is progress being made and at the start of the year, uninsured rates hit record lows. During the first three months of the year, the health insurance market was providing coverage for an additional…

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UK insurance market could lose Lloyd’s staff following Brexit

H. Cutner
Lloyd’s insurance claims - Home office building

Top boss at the massive marketplace has revealed that operations may leave the country. The UK insurance market may not remain the most important one in the world due to the Brexit vote. Chairman of Lloyd’s of London, John Nelson, cautioned that the marketplace may be required to move some of its business over to continental Europe. That could mean a loss of a large chunk of the staff currently located in the United Kingdom. In fact, Lloyd’s insurance operations may be on their way out of the country even…

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