We are noticing a trend in the Homeowners insurance markets deductibles increasing to a minimum of $1000. Effective 5-1-2012 Allied Insurance , the largest Independent Insurance Agency company in the state of Iowa announced all new business will be written with a $1000 deductible. We are assuming other insurance companies will follow. This is due [...]
May 8, 2012
Homeowners Deductibles
May 7, 2012
Health Care
Health Care
From Kiplinger Letter 4/13/12
Come Aug. 1, many small businesses can expect a health insurance rebate. Up to $1.4 billion may be doled out by insurers who failed to meet standards requiring 80% of premiums to be devoted to medical care and quality improvements (85% for insurers serving large groups rather than individuals and small [...]
April 19, 2012
5 Misconceptions about Cyber Liability and Public Entities
5 Misconceptions about Cyber Liability and Public Entities
By John A. Solari
April 18, 2012 • Reprints
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The number of cyber attacks and data breaches has increased significantly in recent years, and public entities are not exempt. These “cyber events” include the theft or release of personally identifiable [...]
April 17, 2012
With Commercial-Insurance Rates Rising, Risk Mangers Must Stress Value of Coverage
With Commercial-Insurance Rates Rising, Risk Mangers Must Stress Value of Coverage
By Phil Gusman, PropertyCasualty360.com
April 12, 2012 • Reprints
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Willis Chairman and CEO Joseph Plumeri during a 2009 news conference (AP Photo/Charles Rex Arbogast)
NU Online News Service, April 12, 2:35 p.m. EST
With rates rising in many [...]
April 16, 2012
How to protect personal data on devices you plan to sell
How to protect personal data on devices you plan to sell
It’s almost impossible to get rid of personal information from some devices, even if you follow the manufacturer’s directions for wiping the device clean.
Android phone users should not resell their phones if they want to protect their personal data, a security expert says. Above, the [...]
April 13, 2012
National Council of Compensation Insurance
National Council of Compensation Insurance (NCCI) is changing the Experience Modification formula by increasing the dollars that go into primary losses over a 3 year period beginning in 2013. NCCI thinks that the current formula does not adequately reflect losses. When they make the change to the formula, most insured’s with debit modification factors will [...]
April 2, 2012
Written Premium, Rising Loss Ratios Point to Continued Rate Increases
Written Premium, Rising Loss Ratios Point to Continued Rate Increases
By Mark E. Ruquet, PropertyCasualty360.com
March 27, 2012 • Reprints
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NU Online News Service, March 27, 10:39 a.m. EDT
An analysis of 2011 direct-written premiums and direct-loss ratios for property and casualty insurance makes the case for continued rate increases in the coming year, a financial analyst says.
In an [...]
March 27, 2012
Penn State D&O Coverage May Pay For Employees’ Attorney Fees
Penn State D&O Coverage May Pay For Employees’ Attorney Fees
By Chad Hemenway, PropertyCasualty360.com
March 23, 2012 • Reprints
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Former Penn State defensive coordinator Jerry Sandusky at at the Alamo Bowl in 1999. (AP Photo/Eric Gay)
NU Online News Service, March 23, 11:58 a.m. EST
Penn State is telling subpoenaed employees to hire their own attorneys, which may be [...]
March 21, 2012
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2012 Long-Term Care Insurance Price Index Published Low Interest Rate Environment Fuels Higher Rates
2012 Long-Term Care Insurance Price Index Published Low Interest Rate Environment Fuels Higher Rates
March 16, 2012
A 55-year-old couple purchasing long-term care insurance protection can expect to pay $2,700-per-year (combined) for about $340,000 of current benefits which will grow to over $700,000 of combined coverage when the couple turn age 80.
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