Insurance News, Articles & Standpoints

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Hiring an Attorney for an Insurance Claim: What Are the Odds of Positive Outcome?

Navigating an insurance policy can be challenging, especially if you incurred a major loss. It is no secret that policies can be confusing. And apart from that, insurance providers often exercise their right to deny claims. But what makes things worse is that some providers do that to maximize their profits. The outcome of such […]

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A Practical Guide to R&W Insurance: What Buyers and Sellers Need to Know About Its Role in M&A

The landscape of M&A has been dramatically transforming in times of the COVID-19 pandemic. Apart from the temporary market unpredictability, companies had to get used to the changing due diligence process and increase in litigation. But despite that, the reps and warranty insurance saw an increase in demand. Let’s take a closer look at the […]

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Insurance Sliding: How Do You Know That You Haven’t Been Overcharged?

When it comes to illegal or deceptive practices in the insurance industry, it is not hard to identify them. Overcharging clients, making misleading statements, stalling, or minimizing claims — those are examples of unfair tactics. Naturally, federal law prohibits such fraudulent practices as sliding. For instance, the OIR in Florida issued a memorandum back in […]

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Dealing With Stalling Tactics: How to Handle Insurance Adjusters and Minimized Claims

Purchasing an insurance policy can make you feel safe and protected against various risks. And while you do not obtain a financial advantage in return for the premiums you pay, the moral benefits offset the risk expectation. But let’s be honest: insurance companies are in this business for money. That is why it is typical […]

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Five Ways for Small Businesses to Prepare for Disasters

Imagine all the blood, sweat, tears and money that are shed to start a small business. Now imagine that a disaster strikes and all that hard work goes up in flames, washes away in a flood or crumbles to the ground. Natural and man-made disasters will inevitably strike. The Federal Emergency Management Agency (FEMA) estimates […]

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Enrollment for health insurance is now open in California

Health insurance enrollment has been recently re-opened in the state of California. This time, the government is offering significantly lower premiums. The price is generally decreased by $1,000 and even more in specific cases. The state exchange typically provides access to insurance once a year. The Coronavirus relief package signed recently by President Biden made it […]

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5 Benefits of Joining a Professional Insurance Association

You’ve put in the hard work to start your own insurance agency. You have customers who trust you and who give you repeat business. You don’t have many employees, but you have capable and competent producers and support staff on your team. Could you still be missing a critical factor for your continued success? Here’s […]

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Uninsured Illinois automobile owners will face severe sanctions

State regulations and penalties differ when it comes to uninsured driving. As for Illinois, around 12% of local car owners did not have active insurance in 2019. However, choosing to go uninsured in Illinois might lead to substantial fees and strict sanctions.  Minimum insurance degree required by the state legislation Like the majority of U.S. states, Illinois […]

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The CEO of Lemonade Daniel Schreiber Assures that the Industry Experiences a Colossal Transformation as It Goes Digital

01 March 2021 News. There has been a lot of back and forth on the issue of Lemonade Daniel Schreiber reinventing the insurance market. It is undeniable that plenty of other insurance companies are using tech, data, and AI in a similar way.   But I think that those who have been investing in the company […]

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The CEO of Medibank Craig Drummond Explains Why Private Healthcare Is on the Rise in Time of Pandemic

01 March 2021 News. As a result of COVID, people have never been more aware, conscious of their fine personal health and well-being. And as a result of stress on government budgets, we also see a bit of funding stress, I suspect, on a public health system in Australia. Widely selective surgical whitelists are blowing […]

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