Insurance Policies

2009-06-08 Dont let clients take risks with life insurance policies - Investment News

Dont let clients take risks with life insurance policies

The fact of the matter is that if consumers and financial advisers stuck to a good mutual-whole-life policy to begin with, at least their insurance contracts wouldnt be in the same boat as their investments. There are plenty of ways to take risks with your money.

As a 25-year veteran of the financial business, I have always shown my clients term insurance for their immediate needs and whole-life insurance through a mutual company for their permanent needs.

www.investmentnews.com

2009-06-07 Nationwide to halt N. C. mobile-home policies - The Business Journal of the Greater Triad Area:

In addition, the company won and rsquo;t write any more mobile-home insurance policies. It and rsquo;s part of the insurer and rsquo;s effort to manage its exposure to risk in the state.

Will exit the mobile-home insurance market in North Carolina. The Ohio-based company says it will phase out existing policies from Oct. 3 through .

Nationwide also will discontinue writing new renters-, condo- and dwelling-fire policies in North Carolina, effective . Existing customers are not affected.

www.bizjournals.com

Nationwide to halt N. C. mobile-home policies - Local business news industry industries

2009-06-05

Unlicensed companies defraud consumers by collecting premiums for bogus insurance policies with no intention of paying claims. These companies might offer policies at costs that are significantly lower than licensed and legitimate insurance companies prices or they might be difficult to reach by phone if they are listed in phone directories at all. Consumers should check in advance to ensure that they are dealing with a legitimate, licensed insurer before signing an application for a policy.

www.wksr.com

2009-06-04 Obama urges Senate Democrats to settle healthcare issues - The Boston Globe

In a reminder of the ideological divide between the Democrats and the business community, which so far has expressed support for a health overhaul, the US Chamber of Commerce issued a statement opposing some of the key ideas the Democrats are discussing, including a requirement that all employers provide insurance, the establishment of a public plan, and regulations that would require all insurance policies to include generous benefits, which the chamber said would be unaffordable.

Senator Charles Schumer, a New York Democrat, has offered a compromise on a public insurance option, proposing that any such plan be required to abide by the same regulations as private plans, be financially self-sufficient and not rely on taxpayers, that it pay doctors and hospitals more than Medicare, that providers not be required to participate as a condition of accepting Medicare, and that the insurance market be regulated by a different body than the one governing the public plan.

www.boston.com

2009-06-03 A New Condo Insurance Twist in Maryland - Local Address - Buying, selling and owning a D. C. -area home.

Basic condo unit-owners policies cover the stuff inside your unit, from the appliances and flooring (as long as they are standard-issue for that condo building) to your furniture and clothing, Coyle said. You would need extended protection to cover upgrades, say if you had installed better carpeting or remodeled your kitchen with fancier materials than provided by the builder. Extended protection adds about usd. 55 annually to an Allstate policy, he said. Basic condo unit insurance policies might cost about usd. 190 annually for a usd. 40,000 policy (including discounts for having home and auto coverage) to maybe usd. 500 annually for usd. 300,000 of coverage.

voices.washingtonpost.com

Blogger Liz Kelly dishes on the latest happenings in entertainment, celebrity, and Hollywood news. - Celebritology Liz Kelly celebrity news blog entertainment news blog Hollywood news blog celebrity gossip blog Lost blog

2009-06-02 Pennsylvania bill would extend parents health coverage for children - Pittsburgh Tribune-Review

The legislation passed by the House and Senate would require insurance companies to offer the option of parents keeping their children on insurance policies until age 29. Policies now remove young adults from family plans upon graduation from college or at age 19 if not in school.

Sponsor Jake Corman, a Republican senator from Centre County, said people ages 18 to 35 make up the states largest group of uninsured and this option should make insurance cheaper for them. Although insurance companies would have to offer the option of coverage, employers that offer group plans would decide whether to extend it to employees.

www.pittsburghlive.com

Legislation passed by the state House and Senate would require insurance companies to offer the option of parents keeping their children on insurance policies until age 29.

2009-05-31 Obama targetswrong tax for health reform The Detroit News

Obama targetswrong tax for health reform The Detroit News

Finally, the tax exclusion for employer-sponsored insurance is unfair. We give a larger tax subsidy to people with higher incomes, even though they are more able to pay for insurance. And we dont give the tax subsidy to everyone who needs it. Workers at businesses that dont offer insurance, the self-employed, and the unemployed all have to pay for policies with after-tax dollars. These people face higher premiums for individual insurance burdened by state mandates and regulations that drive up the cost of a policy. Most people in employer-sponsored plans dont have to bear such additional expenses.

www.detnews.com

Health reform is going to be expensive. President Barack Obamas budget includes a usd. 634-billion reserve fund for health reform, and thats just a down payment. The president hasnt revealed how he would spend this money. But he has explained how he would raise it. - Detroit Michigan press Editorials News local news headlines Joseph Antos

2009-06-01 Its critical to know exactly what youre covered for under insurance Money The Observer

According to LifeSearch, a leading insurance broker, not enough is being done by insurers to protect consumers. "Insurers must warn consumers of their responsibility properly rather than hide any reference to this in the terms and conditions," says Matt Morris, a policy adviser at LifeSearch. "But its in the interests of direct insurers to keep consumers in the dark, as they are less likely to buy through them if they know they are taking a risk - for example, Tescos site warns it doesnt provide advice but the statement isnt visible enough and doesnt go far enough. "

www.guardian.co.uk

Buying direct from an insurer may be cheap but consumers can wrongly assume theyre being advised on the best protection, warns Harriet Meyer - Insurance Payment protection insurance Money Money

2009-06-06 Wedding insurance buys peace of mind from this day forward -

Tuvin said 75 percent of policies are purchased by the bride or the brides parents. Twenty percent are bought by the groom or his family, and 5 percent are given as gifts. As with all insurance, policy holders hope they wont have to use it. "But what if you do" asks Jason Mergl, a sales executive who works out of the

An independent agency that represents Travelers Insurance and offers wedding insurance policies. Medeiros was looking because she needed liability insurance to book the cultural center.

www.chicagotribune.com

The first thing Sandy Medeiros purchased for her November nuptials was wedding insurance. - Arlington Heights Insurance Naperville Lifestyle and Leisure Aon Corporation Marriage United States Sharon Cohen Tornadoes Economy Business and Finance Dining and Drinking National