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Revealed – APCIA shares advice to residents affected by severe weather events
Jon Ward, APCIA’s department vice president of public affairs, emphasized the industry’s commitment to assisting policyholders, stating, “When disaster strikes, insurers’ overwhelming priority is to help their customers rebuild and restore their property.” Source link
GETTING YOUR HOME AND AUTO READY FOR THE CHANGING SEASONS
Moving from Summer to Fall brings many changes: back to school, leaves changing colors, football, cooler weather, etc. It’s also a time to prepare your home and auto for the colder months ahead. Here are some essential tips for homeowners: 1. Clean Your Gutters – remove leaves and debris to prevent clogging, which can lead…
Rising health insurance costs strain small US businesses
Health insurance premiums in the US In 2024, the United States experienced a significant increase in health insurance premiums. The average annual premiums rose by 6%, reaching $8,951 for single coverage and $25,572 for family coverage. This uptick was primarily driven by escalating medical costs and heightened utilization of healthcare services. Source link
Climate risks rise, but businesses stay focused on short-term challenges: Beazley report
Despite a surge in extreme weather events, only 20% of executives rank climate-related catastrophic risk as a top concern. At the same time, 72% report adopting new risk management procedures in response to severe weather, signalling a reactive rather than proactive approach to climate adaptation. Insurers warn that without stronger risk mitigation strategies, businesses could…
Why LIC’s Jeevan Utsav(Plan 871) is More Than Just Life Insurance
Description: ‘Sum Assured on Death’ plus accrued Guaranteed Additions, payable if the policy is in force. In LIC’s Jeevan Utsav Plan 871, the “Sum Assured on Death” is a crucial component of the death benefit. It’s essentially the guaranteed amount paid to the beneficiaries if the insured person passes away. This sum is the higher…
Missouri passes bill allowing qualified organizations to offer healthcare benefit plans
Although SB 79 exempts these plans from certain state and federal health insurance laws, it requires coverage for ambulance services, hospitalizations, emergency services, and lab work. Additionally, the plans must have an annual coverage limit of at least $2 million, and applicants must be members of the organization for at least 30 days before qualifying….