Reforms of Health Insurance in Europe
Posted on February 19th, 2010
Why reform the health system? Since the mid-1970s, deficits systems funded health insurance, as well as the shortage of health care provision within national health systems, are two of the main problems facing European health systems.
The 25 countries of the European Union, in spite of various socio-cultural traditions, face common challenges.
FEMA Says It’s Time to Sign Up for Flood Insurance
Posted on February 8th, 2010
With recent reports from the National Weather Service that flooding is a strong possibility in various parts of the country, FEMA is saying that it’s time to sign up for flood insurance now. Because of the steps it takes to secure the insurance coverage, FEMA advises that if you need it, now’s the time to get the ball rolling.
Why Signing Up for Flood Insurance is Important
Many don’t realize that flood damage is not covered in a homeowners insurance policy. This results in an unfortunate financial surprise when a flood destroys belongings or the home itself and they realize that their insurance company won’t come to their rescue.
Signing up for flood insurance is usually handled through your current homeowners insurance company.
Average car insurance costs rise above £1,000
Posted on January 29th, 2010
Wintery weather has seen about 30% more claims than normal, the AA said. Photograph: Frank Baron
Drivers look set for a nasty shock when they renew their car insurance this year, after premiums recorded their biggest ever increase during the last three months of last year.
According to the latest AA British Insurance Premium Index published today, the average insurance quote for those shopping around for a renewal rose by a wallet-busting 11% between September and December.
Overall, the average quoted comprehensive premium rose by 7.2%, sending it through the £1,000 a year barrier for the first time.
The quarterly index shows that the average “shoparound” premium – based on the three lowest quotes for a customer, which most closely resembles what buyers actually pay – accelerated steadily over the year, adding more than 22% to the typical comprehensive quote over the past 12 months. It e
Tags: Car Insurance, Insurance
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Do you know what your insurance contains?
Posted on January 27th, 2010
When dealing with a health insurance plan, whether a new one or the one you have already purchased, the specific language of its contents can be confusing for most people. All these provisions, coverage options and payments make little sense unless you are an insurance expert. And it’s not that rare that a person asks what does their policy provide even after having it for some time.
Don’t worry, we are here to help you. Below you will find the most commonly used health insurance terms you will find in any policy with brief and comprehensive explanation that will help you understand your insurance policy better.
Deductible
Deductible is the sum of money the policy-holder has to pay out of pocket before the policy benefits will kick in. Thi
Life Insurance Around the World
Posted on January 23rd, 2010
Regardless of nationality, people everywhere want to protect themselves and their dependents from financial difficulties in the event of an emergency. Getting affordable life insurance is a big part of that, which is what makes it a world-wide phenomenon. Already well-established in the United States and Europe (where growth rates are mostly flat), life insurance sales are booming in so-called “emerging markets.” Countries like Brazil, Vietnam, India and China are seeing explosive growth in the number of life insurance policies being sold as their economies expand and mature.
Life Insurance in Vietnam
In Vietnam, for example, the insurance industry (including auto insurance, home insurance, life insurance and more) has grown by 29% per year on average since 2000.
Tags: Insurance, Life Insurance
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Top 5 Life Insurance Scams
Posted on January 21st, 2010
Life insurance is touted as a smart purchase for those wanting peace of mind regarding estate planning. Unfortunately, there are predators using the system to conduct life insurance fraud on unsuspecting victims. Annually, insurance fraud costs Americans at least $80 billion, so let’s take a look at how these scammers are stealing our money.
Common Fraud Practices
Some of the most common life insurance scams include:
1.) Stranger-Owned Life Insurance: Wall Street is notorious for creative investment options and life insurance policies are their newest invention.
Tags: Insurance, Life Insurance
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Consumer Group Fields California Car Insurance Law as Model
Posted on January 16th, 2010
One of the leading and most influential consumer advocacy groups in the state of California called on the federal government and the Obama administration to adopt one of the state’s auto insurance laws in tackling health insurance issues. According to representatives from Consumer Watchdog, government officials can learn lessons from the success of Proposition 103, one of the most effective provisions created to protect the rights of policyholders in California.
Insurance experts say that advocates of consumer rights are calling on the Congress and government regulators to implement a similar system of insurance rate regulation already present in California. T
Tags: Insurance, Insurance Law
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