Life Insurance Underwriting Gathering Steam
Posted on April 23rd, 2011
The technologically-conservative North American life insurance industry is finally recognizing the value of automated underwriting platforms.
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So says a new report, “Automated Underwriting for Life Insurance: Lighting Up the Scoreboard,” from Aite Group, an independent research and advisory firm. The
Tags: Insurance, Life Insurance
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Individual Health Insurance For Everyone
Posted on April 13th, 2011
Many Americans have been denied individual health insurance coverage because of pre-existing conditions and healthcare reform is working to eliminate this inequity. According to the article “Federal Insurance Program Covers Pre-Existing Conditions” by Steve Clark on The Brownsville Herald, the Centers For Medicare & Medicaid Services (CMMS) is trying to boost enrollment in a program designed to fix this problem.
The public insurance program for US residents strives to offer quality health insurance to those who have previously been denied coverage due to a pre-existing health condition. CMM
Tags: Health Insurance, Individual Health, Individual Health Insurance, Insurance
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What Are Pay As You Drive Car Insurance Plans?
Posted on April 9th, 2011
If you are tired of paying a high car insurance premium, as if anyone isn’t, it may be time to choose a different type of plan, a pay as you drive car insurance plan. This type of plan can be helpful because it focuses specifically on charging you less, if you drive less.
How it Works
The pay as you drive car insurance plan is different from one provider to the next. However, these plans can be outstanding in terms of what they can offer, if you fit the profile of a driver. Here’s how they work. You install a device in your vehicle. This device does not interfere with your driving ability, but it helps to monitor your driving. It watches how much you drive for example. In
Tags: Car Insurance, Drive Car, Drive Car Insurance, Insurance
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Pennsylvania Health Insurance Rankings
Posted on April 3rd, 2011
JD Power and Associates is in their 5th year of ranking health insurers through the US Member Health Insurance Plan Study and according to their recent annual report Pennsylvania health insurance ranked well for overall customer satisfaction. They exceed the national average for customer satisfaction significantly.
The article “UPMC, Geisinger, Highmark lead PA Customer Satisfaction Ratings” by Bob Graham on IFAWEBNews.com summarizes the most recent results specifically for Pennsylvania. UPMC Health Plan received a score of 744 out of 1000 and performed very well in Pennsylvania in information and communication approval processes. Behin
Tags: Health Insurance, Insurance, Pennsylvania Health, Pennsylvania Health Insurance
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43 Articles With Advice for Borrowing Against Your Life Insurance
Posted on April 1st, 2011
Whole life insurance policies, provide both a death benefit and cash value. Your monthly premium is higher, but your policy is an actual asset and will increase in value over time. The fact that your whole life insurance policy is an asset gives you a major advantage, in that it is something you can cash in or borrow against in an emergency. Of course, the death benefit will be reduced proportionately if you reduce the value of the policy by cashing in some of its equity.
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Home insurance premiums up 6%
Posted on March 22nd, 2011
The average cost of home insurance has increased by 6% since the start of last year, according to moneysupermarket.com, taking the typical premium for buildings and contents cover up from £142 to £151.
Compared with premium inflation for car insurance (up 31% on 2010 levels) the rise seems minimal, however, insurers need to recoup the cost of last year’s freezing winter weather and with severe weather occurrences in the UK becoming a trend, the cost of insuring homes could be steadily on the increase.
According to the price comparison website, another factor hitting policyholders hard is the rise in fraudulent claims, which add around £44 to every premium, data from Legal & General suggests.
Moneysupermarket’s head of home insurance, Julie Owens, comments: “Things look set to get worse with the increase in prices unlikely to slow down in the coming years.”
According to Ms Owens, double digit percentage increases are on the cards.
Tags: Home Insurance, Insurance
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