Archive for the ‘Insurance General’ Category
Insurance Fraud Second Most Costly White-Collar Crime
December 16th, 2011
A new study found that insurance claims submitted for damaged HVAC units were overpaid by 65%. That includes claims submitted during the first half of 2011. The study found that many insurance companies were paying for entire units to be replaced when minor repairs would have done the job just fine. “Our research found that the average claim submitted to insurance companies was the result of a homeowner being told by an HVAC company that their unit was in need of a full replacement, when in actuality, a minor repair would bring the system back to pre-loss condition,” stated Damon Stafford of HVAC Investigators, the company responsible for the study in a news release. “It Read full post…
Tags: Insurance, Insurance Fraud
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Google Strikes Again With Google Wallet
November 29th, 2011
If you have been keeping up with the news, you have probably heard about the latest technological advancement in payment methods – Google Wallet.
Google Wallet has taken on the responsibility of replacing the traditional wallet with a virtual one. The point of Google Wallet is to provide users with a digital wallet on their smart phones which stores all of their credit cards.
Additionally, users can purchase and store Google Prepaid Cards on their phone. Google Wallet allows shoppers to pay for their merchandise by tapping their smart phone against PayPass terminals at the checkout.
Although it seems extremely convenient, many people are worried about the security of Google Wallet. W
Tags: Google Wallet, Wallet
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Life Insurance Lingo: Ten Things You Need To Know
November 16th, 2011
Most people don’t like to think about death and dying. And that’s when life insurance comes into play. But it’s important to safeguard your loved ones in the event of your passing. Knowing which policy to buy is a big decision and one some experts say people don’t spend enough time researching.
Once you do decide on a policy, it’s important to put the paperwork in a place where your loved ones can access it easily. “Consumers need to be familiar with their life insurance policies so they don’t overlook important features that could be critical to their livelihoods,” says Jeff Koll, assistant vice president of product development for Colonial Life & Accident Insurance Company. ”Make sure you
Tags: Know, Life Insurance
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Listing Rules For Non-life Insurers By March: Indian Regulator
November 7th, 2011
Indian insurance regulator IRDA has said the guidelines for listing of non-life insurance companies will be issued by March, 2012.
“General/non-life insurance listing rules will be issued by March,” IRDA Chairman J Hari Narayan told reporters here Friday.
According to the Insurance Act, promoters with 26 per cent stake can offload equity after 10 years of operation. The
Tags: Listing Rules, Regulator
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Study Reveals Importance Of Benefits For Generation Y
November 2nd, 2011
A new insurance survey found that Generation Y is looking for change when it comes to workplace benefits. Colonial Life & Accident Insurance Company released a new study to delve further into the preferences of Generation Y. “The ability to recruit and retain younger workers is quickly becoming essential for employers to ensure long-term business success, especially as Baby Boomers begin to retire in increasing numbers,” says Stephen Bygott, director of marketing programs and research at Colonial Life in a news release. “But Gen Y has different needs, expectations and preferences than previous generations, so companies need to take a different approach when it comes to designing and communicating their benefits packages. Those Read full post…
Tags: Generation, Generation Y
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Travel Safety 101 Kit
October 29th, 2011
A few personal travel insurance products I can recommend:
Tags: Travel, Travel Safety
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Remember What’s Important During Open Enrollment Season
October 16th, 2011
It’s currently benefits open enrollment season for millions of American employees. This is the season they’ll be faced with some big decisions about their 2012 health care coverage. Health care costs are expected to increase by seven percent in 2012 to $10,475 per employee, according to Aon Hewitt, a global consulting firm. Employees are projected to contribute roughly $2,300 to that expense in 2012. That’s an 11 percent increase compared to 2011. Aon Hewitt’s analysis shows that beyond that cost, employees will spend an average of $2,275 on out-of-pocket expenses while seeking care next year.
The Consumer Health Mindset survey, Aon Hewitt’s recent survey of 3,000 health consumers, shows more than half of consumers participated in health risk assessments and/or screenings such as blood pressure and cholesterol screendings in the past year. Many empl
Tags: Enrollment Season, Open Enrollment, Open Enrollment Season, Season
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How To Get Inexpensive Life Insurance Online
October 14th, 2011
When people talk about life insurance the first thing that most people say is how expensive it is. In reality it is not that expensive but when you think of it in terms of other payments you make each month then it seems that way. What you need to understand is that you can get inexpensive life coverage online if you really want to save money and get the best life insurance policy available to you.
One of thing you need to know about getting inexpensive life insurance online is that it all comes down to the website that you use. What many people do is they simply type in the insurance company that they know and go from there but that is not the best thing to do. Read full post…
Tags: Life Insurance
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