Some days I feel guilty about using my car when I could just as easily walk to where I need to be. After all those Christmas meals, drinks and treats I had, there’s no avoiding the fact that it’s about time I shape up and try a do a bit more exercise.
However, according to a new report I might actually be wrong. It Read more…
Dec
29A new study has found that last year (2010), about 40% of Americans had trouble paying medical bills. This is up from 34% just a few years ago in 2005. Lack of insurance coverage is an obvious obstacle to increased out-of-pocket spending, but Patricia Herman, an economist at the University of Arizona warns that even having health insurance isn’t always protective from being financially devastated by illness or injury.
The study, which appears online and in the August issue of the American Journal of Public Health, used data of 4,200 households in Arizona using the 2008 Arizona Health Survey which included items about whether families were having trouble paying medical bills or if they had delayed care because of the expense. D
Nov
20
Nov
20Life Insurance Underwriting – What is it?
Tagged Under : Insurance, Life Insurance
You have submitted an application for life insurance and you have been told that the application is in underwriting. I have found over my many years of selling life insurance that most people have no idea what occurs in this ominous-sounding process. Most people I speak to wonder what could take so long in approving an application. So, in an effort to take the ominousness out of it, I will attempt to relay to you what exactly happens when you submit your application.
In the LifeInsure.com Glossary, we define Underwriting as the process of selecting risks and classifying them according to their degrees of insurability so that the appropriate rates may be assigned. Th
Oct
27With the Republican presidential debate heating up, frontrunners Mitt Romney, Herman Cain and Rick Perry are being scrutinized more than ever before, and Mitt Romney’s health care plan in Massachusetts has been widely criticized, with the LA Times printing a story Oct. 24 detailing how the plan would help illegal immigrants providing them affordable health insurance.
Illegal immigration is a big issue in the Republican Party. In the story out today, the LA Times said then-governor Romney signed the law into effect in Massachusetts in 2006. It provides for the health care of illegal immigrants if they don’t have insurance. Per
Oct
20
In the previous article in this series we learnt about the humble beginnings of Lloyds as a relatively small coffee shop on Tower street. Whether it was an incredible piece of foresight or simple luck Lloyd developed a very specific clientèle of sailors, ship owners and merchants for boat insurance and marine cargo insurance risks.
Lloyds wasnt the only coffee shop to do insurance business but it set the standards. In 1748 nearly one hundred houses including the famous coffef houses of Jonathans, Garraways and others were destroyed by a fire that ravaged Cornhill and in which scores of people perished and damage to the exent of £200,000 (nearly 200million in todays money) was caused. T
Oct
16Wild weather makes this the costliest year on record
Tagged Under : Year, Year Record
In the aftermath of Hurricane Irene, insurance companies are adding up the costs of what has been the most expensive year for natural disasters in the history of the world.
“It’s becoming more and more clear to everybody that we’re seeing crazier weather than we have in the past. The one-in-100-year storms are occurring seemingly once every year,” said Leonard Sharman, spokesman for The Co-operators, one Canada’s top insurers.
“Since the 1970s, the cost of natural disasters has gone up 20 times.”
According to the Insurance Bureau of Canada, that hasn’t translated into higher premiums for consumers. Data collected
