Insurance Report

Fast Facts About Insurance Policy Backdating

Nicholas Tyers — Tue, 15 May 2012 15:11:55 +0000

Backdating, by definition, is the practice of putting a calendar date on any document that is earlier than the date on which that document was actually written. In some instances, it’s perfectly legal. In other instances, it’s not. Let’s look at how backdating affects different aspects of car insurance, health insurance and life insurance.

Backdating Car Insurance Policies

Backdating a car insurance policies is illegal and something no reputable insurance company or agent would ever do. How come? Because it implies that you had coverage on your vehicle before you actually
did. If you could do this, nobody would ever buy car insurance until after an accident happened. That

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High Health Care Costs Leave Medical Needs Unmet

Bella Cullen — Fri, 11 May 2012 05:03:12 +0000

Health care costs continue to skyrocket, leaving tens of millions of Americans with reduced access to proper medical care, according to a recent study published in the journal Health Affairs. As a result, a larger number of Americans, both with and without health insurance, have a difficult time having their medical needs met.

Health Care Costs Lead to Unmet Medical Needs

Researchers for the Urban Institute found that a rising number of Americans are struggling to obtain medical care due to rising health care costs. I

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Munich Re : reports return to profit after tsunami blow

Bella Cullen — Sun, 06 May 2012 19:32:59 +0000

Munich Re announced it had returned to first-quarter profit after a difficult start to 2011 hit by the devastating earthquake and tsunami in Japan.

The group, which posted a consolidated profit of 780 million euros ($1.0 billion) in the first three months compared to a loss of 947 million euros a year earlier, also slightly raised its full-year outlook.

Despite the still difficult economic situation, we are optimistic for 2012 and are aiming for a profit for the year of around 2.5 billion euros, Joerg Schneider, chief financial officer, said in a written statement.

The group said that operating profit came to 1.2 billion euros for January to March slightly below the 1.26 billion euros expected by analysts polled by Dow Jones Newswires.

In morning trading, stocks in Munich Re were down 1.39 per cent to 106.30 euros, with the Dax blue-chip index down 0.72 per cent. Munich Re said at the end of April that it expected first-quarter profits to be gratifying amid a calmer situation on the financial markets and fewer losses than last year.

Berlin, May 8, 2012 (AFP)

Out-of-State Health Insurance Companies in Georgia

Emily Napier — Fri, 04 May 2012 12:19:49 +0000

During the health care debate leading up to the passage of the Affordable Care Act (ACA) many argued that consumers should be able to purchase health insurance across state lines. Basically, if you live in New York you could purchase health insurance from an insurer in New Jersey.

Proponents of purchasing health insurance across state lines thought this would make health insurance rates more competitive across the country and would allow consumers to save money by purchasing more affordable plans.

Currently there are three states that have passed laws intending to allow out-of-state health insurers to offer policies to residents including Rhode Island, Wyoming and Georgia.

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3 Ways Nationwide Rewards Safe Driving

Nicholas Tyers — Fri, 04 May 2012 04:14:53 +0000

You could save money just by driving safely.

Have you ever wondered whether a safe driver and a dangerous driver pay the same auto insurance premium? At Nationwide, they don’t. We reward safe drivers. We encourage responsible behavior behind the wheel with these discounts and coverage options:

Accident-Free Discount. If you have at least five years of driving experience and you haven’t had a chargeable accident in the last five years, you may save up to 10 percent on your auto insurance.
Safety Course Discount. If you successfully complete a motor vehicle accident prevention or defensive driving course approved by your state’s Department of Motor Vehicles you can save on your auto insurance premium.
Vanishing Deductible.^® If you haven’t filed an auto claim, then you can save money. The Vanish

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Supreme Court to Vote on Obama Health Care Reform

Bella Cullen — Sun, 15 Apr 2012 20:30:58 +0000

TheSupreme Court is expected to vote on the fate of the health care reform law under President Obama this morning. In the meantime, the cost of health care has continued to increase with predictions that families will pay expenses surpassing $20,000 this year.

Health Care Reform Under Review

After months of anticipation on the fate of health care reform, the Supreme Court is set to issue a verdict on whether the mandate to purchase coverage by 2014 will stand.

Despite coming to this quick decision after more than six hours of arguments earlier in the week, Americans will not hear the official verdict until June.

This delay is largely due to the fact that individual votes are allowed to change between today and early summer. W

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Weight Loss: A Matter Of Know-How

Emily Napier — Thu, 12 Apr 2012 04:01:52 +0000

Just because you are trying to lose weight, doesnt mean you cant treat yourself to a meal at a restaurant. In situations like this you should remember that restaurant portions are quite often very large. Perhaps you can request a carry-out box and put a substantial portion of the meal inside even before you begin to eat. Dividing a meal into two (or more) portions not only cuts caloric intake, but it also gives you another meal option for later.

Doing chores around your house each day may help keep extra pounds away. As you clean your house, you will burn quite a few calories.

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Overcoming Problems Of Rental Insurance In Dallas

admin — Wed, 11 Apr 2012 07:44:03 +0000

Have you ever tried to get rental insurance in Dallas? The reason I ask this is because a lot of people find it rather difficult and that is something that I want to address right now. The problem that a lot of people have with getting rental insurance in Dallas is that there is too much to consider. Something that you need to understand is that Dallas is a huge city in Texas that has so much to offer than you will find it difficult to make decisions by yourself. This is why you need to consider talking with your friends, family and coworkers about what you are looking for and what information they might be able to give you.

Another problem that some people report having is they don’t know which insurance company to go with. T Read full story…

Netherlands : health authorities recommend removal of breast implants manufactured by French company Poly Implant Prothese

Bella Cullen — Sun, 08 Apr 2012 07:53:30 +0000

Dutch health authorities on Thursday recommended the removal of breast implants manufactured by French company Poly Implant Prothese that were done before 2001.

Women who had a PIP breast implant before 2001 should have themselves examined by a doctor and, in consultation, eventually have the implants removed, the Dutch governments health watchdog said in a statement.

The Dutch Health Inspectorate (IGZ) call followed a probe by Dutch investigative TV programme Zembla, which discovered that several hundred women received PIP implants since 1997, public broadcaster NOS reported. Until now, the IGZ believed that only Dutch women who received the implants from 2001 onwards were at risk, the IGZ added.

The company, which shut in 2010, also said previously that only PIP implants used after 2001 had been made with a substandard, industrial-grade silicone gel that had caused an increased risk of rupture.

Dutch health authorities on January 11 recommended the removal of PIP implants done after 2001, which affects around 1,000 women in the Netherlands.

The countrys health insurance federation said the same month that women wanting to replace the potentially defective implants would be paid back in full.

Initially, the Dutch health authority recommended only that women with PIP implants sold in the Netherlands under the name M-Implants should see their doctors, but changed its stance after confusion over the issue. PIP implants have been banned in the Netherlands since early 2010.

More than 400,000 women around the world are thought to have received PIP implants which has sparked a global health scare.

The Hague, March 15, 2012 (AFP)

What Entrepreneurs Should Know About Health Care Reform

Emily Napier — Sun, 01 Apr 2012 14:20:22 +0000

As the Supreme Court decides whether or not the individual mandate will be constitutional, small businesses and entrepreneurs should continue to learn about what options they have due to reform and how their health insurance coverage could change.

Here are the most important points that entrepreneurs must understand about health care reform:

Exchanges

Health care reform is creating a nationwide network of health insurance exchanges. Small businesses and individuals will be able to shop for health coverage on the exchanges or find out if they are eligible for a health insurance subsidy.

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The Answer Is Still No On Juvenile Diabetes Life Insurance.

Emily Napier — Fri, 30 Mar 2012 18:02:15 +0000

I went to war with the life insurance industry several years ago over the issue of children with impairments not having access to coverage, even at a higher rate than the standard rate they offer perfectly healthy kids. The issue came up when I shopped for life insurance for a mother whose child was a healthy, thriving, type 1 diabetic.

I expected a lot of the not interested responses I got. I knew, for instance, that there were a lot of companies that didnt offer juvenile or childrens life insurance at all. And I did know that any company that said yes was going to be stepping out on the faith that doing good is not the opposite of making a profit.

There is a thing called adverse selection in insurance.

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More Tips on Buying Whole Life Insurance

admin — Wed, 28 Mar 2012 09:18:27 +0000

There is no doubt that buying a whole life insurance policy is a big purchase to make, so there is no such thing as being too careful when reviewing options and making the purchase decision. The best way to get started is by learning more about the basic tips on buying a life insurance policy.

The best way to find whole life insurance options is by using a reliable online search tool designed specifically for finding whole life insurance quotes. You can find the right tool to use rather easily, fill out the presented search form with the right set of details, and hit the Search button to get quotes from multiple insurance companies. Read full story…

Supreme Court Examines Obama Health Care Reform Law

Bella Cullen — Wed, 28 Mar 2012 08:25:45 +0000

Today marks the first day the Supreme Court will examine the health care reform, officially known as the Patient Protection and Affordable Care Act. More than two years after the act was signed into law, President Obama and supporters are pushing to prove that a portion of the law requiring the purchase of health coverage is constitutional.

Health Care Reform Mandate Receives Scrutiny

The Supreme Court is embarking on a three-day examination of the health care reform, specifically the Affordable Care Act, which is expected to require Americans to purchase health insuranceby 2014.

Opponents of the law argue that requiring the purchase of health insurance is unconstitutional, because it allows the government to interfere with the commerce clause.

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Car spa

Nicholas Tyers — Sun, 25 Mar 2012 22:07:05 +0000

It’s finally spring! It feels as if it’s been months since we’ve had weather this warm – well I guess it has been.

To celebrate I’m going to be wearing more skirts and sandals, and I’m giving my car a spring clean so that it’s lovely and shiny.

Walking out onto the driveway a few days ago I was shocked at how dusty and muddy my vehicle looked in the bright sunshine, so it’s time it had a wash.

I won’t be spending money going to a car wash either. No, it’s the bucket and sponge for my car.

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WHO : tobacco industry is a devious enemy

Bella Cullen — Mon, 19 Mar 2012 12:26:48 +0000

World Health Organisation (WHO) chief Margaret Chan on Tuesday decried the tobacco industry as a ruthless and devious enemy and urged governments and civil society groups to unite against cigarette firms.

Speaking at a conference on tobacco and health in Singapore, the WHO director-general slammed cigarette companies for undermining a UN-backed campaign against tobacco use and its associated health risks.

We have an enemy, a ruthless and devious enemy, to unite us, she told delegates.

The enemy, the tobacco industry, has changed its face and its tactics.

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Keep Weight Off With This Valuable Information

Emily Napier — Sat, 17 Mar 2012 00:45:17 +0000

You can make a cauliflower mash instead of mashed potatoes as a healthy alternative. Steam cauliflower florets with a small amount of water in a covered sauce pan, and puree it once it is tender with vegetable or poultry broth. You will create a yummy side dish for suppers including all the nourishing capacity of the cole varieties (including cabbage, broccoli, Brussels sprouts, and others) with a small amount of carbs.

A simple and effective tool for weight loss is a pedometer. The pedometer will tell you the number of steps you have taken in real time. This can ensure you are walking as much as you should everyday. A good daily goal is to take a minimum of 10,000 steps.

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Coupons for Prescriptions: Illegal or Consumer-Friendly?

Emily Napier — Thu, 15 Mar 2012 14:57:34 +0000

A consumer group has filed a lawsuit against eight drugmakers that offer coupons for hundreds of brand-name prescription drugs. These coupons make the prescriptions appear to save patients money but actually increases health care costs and the courts will determine if the coupons violate federal bribery laws.

The consumer group, Community Catalyst, argues the coupons are meant the conceal information about the payments for medications from health insurance plans and employers. In general, the coupons do conceal the payment information.

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