Waiver of Premium
A waiver of premium is a provision in an insurance policy that ensures the continuation of the policy’s effectivity in the event that the policyholder can no longer pay the premiums. This rider that is attached typically to a life insurance policy protects policyholders from being left uncovered. A waiver of premium is one of the beneficial add-ons for insurance policies as it saves the policyholder from financial burdens of paying bills and other needs when he or she loses income due to illness or injury. It may be an optional add-on to the policy but people often find it wise to get this kind of protection.
There are instances when a waiver of premium clause is automatically included in the insurance policy. W
State Roundup: Conn.’s New Insurance Commissioner Getting Noticed
News outlets report on a variety of state health policy issues.
The Connecticut Mirror: A Rookie Insurance Commissioner Plays On A Global Stage Checking his watch, Thomas B. Leonardi worked quickly through his dense defense of this nation’s state-by-state approach to insurance regulation. … [T]his small New England state generates more insurance business than all but a half-dozen nations. … [H]e sided with consumer advocates in March at the National Association of Insurance Commissioners, helping to delay a federal regulation designed to protect fees for health insurance brokers.
Losing Sleep Over the Sovereign Debt Situations in Europe and the USA?
By Ron Doyle
Are trade credit risk concerns keeping you awake? Are you feeling the stress from the sovereign debt situations around the globe? Well… you should be!
Below are four ways in which debt crises can impact the creditworthiness of commercial buyers:
1. Bank liquidity is critical to the normal operational financing of companies. If bank liquidity tightens, the availability of financing becomes more restrictive, and if it is available, it becomes more expensive. In Europe the level of unsecured interbank lending has basically ground to a halt, according to David Oakley, correspondent for Capital Markets, in his July 3, 2011 FT.com article.
Oakley indicates that unsecured lending has now been replaced by collateralized loans between banks. T Read more…
Health Insurance Companies May Be Required to Provide Clearer Policy Information
Regulations Require Clear Policy Info Disclosures at Consumer Stage
Instead of waiting until a consumer becomes a policyholder to provide details about a policy, the new regulations would require easy-to-understand information regarding health insurance policies be provided to interested individuals as they shop for policies.
The regulations would require insurance companies to present the information to consumers in a standardized format. One section would answer questions .
Jefferies ‘resists temptation’ to upgrade Admiral stock
Stockbroking firm Jefferies says it has resisted temptation to upgrade Admiral’s stock to ‘buy’ from ‘hold’ on concerns about the profitability of its new business.
Admiral’s stock price has dropped 17% over the past two days following the release of its first-half results, which would normally represent a buying opportunity.
Ten Best Ways to Save on Car Insurance in 2011
Hard economic times mean that more and more people are finding it harder to maintain auto insurance coverage on their vehicles. Apart from exposing them to crippling financial losses if they are ever involved in an accident, uninsured motorists may also face fines and jail time if they are ever stopped and cannot produce proof that they are insured. Fortunately, there are a number of simple methods that you can use to make car insurance premiums more affordable.
1. Decide which types of coverage you must have and which you can forgo. Of course, you have to obey your states minimum car insurance coverage requirements, but once you get past that you have a lot of leeway in deciding which coverage features to keep. Fo
A Mini in bloom
It’s nice getting a bunch of flowers from someone and it’s nice seeing a classic British car proudly trundling along next to all the new models on the UK highways.
Birmingham City Council seems to think so too because for the Royal Horticultural Society National Flowerbed competition at the Tatton Flower Show in Cheshire this year, it covered an iconic 1959 Mini in flowers and foliage.
The rest of the council’s flowerbed scene included a vegetal road, and a shrubbery person about to use a leafy zebra crossing, complete with bushy belisha beacons on either side of a flower-adorned pavement.
The flowery Mini was in competition with many other entries from a variety of local authorities, other councils, and community groups from all over the country.
It didn’t win gold at this event, but it managed to gain a award, and prior to that it did win gold at the Gardeners’ World Live Show and silver at the Chelsea Flower Show.
Well done Birmingham City Council and congratulations to you, classic Mini!