A key to monitoring your insurance portfolio is to measure the financial strength ratings for your insurance companies. You can learn more about the various insurance company financial strength rating services on tonysteuer.com. The Federal Insurance Office’s 2018 report provides a detailed description of the U.S. Insurance market including industry statistics and the regulatory environment. … Read more
Insurance scams are an $80 billion a year crime which indirectly raises all Americans premiums on every type of insurance. Insurance companies to remain profitable, must take in more money than they pay out whether it’s through premiums or investments. And, we want profitable insurance companies so that they can pay our claims. The Coalition … Read more
Thank you for your support with the launch of GET READY!: A Step-By-Step Guide to Maintaining Your Financial First Aid Kit. To celebrate the launch and to promote Financial Preparedness, you can enter to win a free copy of GET READY! On Goodreads (click here) through January 28, 2019. And, I’m pleased to once again be … Read more
Wildfires: With the wildfires now over, it is time for recovery. Here’s the latest insurance news: Technology Assistance: Due to evolving technology, insurance claims experts were able to monitor screens showing satellite images, photos from airplane flyovers and social media posts describing what was happening on the ground. According to Travelers, this allowed them to … Read more
Checking in with Genworth and the LTC Industry: The sale of Genworth to China Oceanwide Holdings Group Co. Ltd seems to be back on track and may be completed, by the end of this year. China Oceanwide announced their plan to acquire Genworth about two years ago. Tom McInerney, Genworth’s president, told securities analysts … Read more
Medicare Open Enrollment season started on October 15th and goes through December 7th. If you have traditional Medicare (Parts A and B), this is your annual opportunity to change or switch your Part D Drug plan, sign up for a Medicare Supplement (MediGap) or switch to Medicare Advantage. If you are on Medicare Advantage, you … Read more
Thank you to reviews.com for the opportunity to be a source for their article on The Best Business Insurance. This article takes an in-depth look at how to protect yourself and your company from liability for employee injury, property damage, and other common mishaps by securing a business insurance policy from a reliable, communicative provider. … Read more
The open enrollment period for 2019 health insurance coverage through marketplaces and other individual plans has started. Most consumers will access coverage through the federal marketplace at www.healthcare.gov. Open enrollment ends on December 15 except for a few states that operate their own marketplace such as California, Colorado, District of Columbia, Massachussetts, Minnesota, New York … Read more