It has been estimated that there are about two million uninsured car drivers currently driving on the UK roads. The troubling part of the issue that it has been highly difficult for the respective authorities to find out the culprits- driving without insurance cover being one among the offences in UK. Another of the rising incidents that have been giving insurance companies and the other transport authorities a hard time is the honesty level of the insurance customers. It is known that insurance companies have been the good boy when it comes to insurance claims but one should understand that they have been working hard to find out whether their customers are honest.
MetLife announced that it will stop selling individual long-term care insurance. It will also cease to include new enrollments into group and multi-life plans. This news was announced in a company-issued news release. The company says this move won’t impact current policyholders as long as they remit payment for their premiums on time.
According to the Wall Street Journal, extremely low interest rates are creating problems for insurance companies because it lowers their profitability. And since it looks like rates could remain low, life insurers are changing products they offer. They’re not able to provide the features they once could, and this includes long-term care insurance as well as retirement-income products. “Me
Looking to cut costs on insurance? More Americans are turning to high deductible insurance plans as a way to reduce costs. According to the Los Angeles Times, doctors worry that this means many people will skip routine exams that won’t be covered by these policies. Those routine doctor visits can often help catch serious ailments sooner. According to statistics, the number of employees with deductibles of at least $1,000 has tripled over the last four years to roughly 20 million people.
Those with high deductibles often skip preventive procedures including:
- Colonoscopies
- Blood Tests
- Skin Checks
- Annual Exams
- Physicals
According to the LA Times, UCLA’s Center for Health Policy Research recently found that one out of six Californians with high deductible plans held off seeing doctors because of the cost. “Th
The cost of those seemingly cute, cuddly deer out in the streets is actually more than you might imagine. Not only do they eat plants and crops, they can carry lyme disease and wreak havoc on your car insurance. Allan Sloan’s Fortune article on CNN Money discusses the financial impact of what he calls “rats with hooves.” That may be a bit harsh, but “The case against Bambi” has valid financial points.
State Farm car insurance says that 1.14 million accidents between deer and cars occurred in a one year time frame ending this June. That cost drivers and insurance companies close to $4 billion in damages. And if you include the accidents where drivers didn’t have any car insurance or comprehensive coverage, the cost of damages is even higher. In the past five years the number of deer related crashes has increased by 21%, while the number of miles people are driving only went up by 2%. The likely cause of that statistic is that there are a lot more deer out on the roads than there were five years ago.
The worst part is that deer are causing human fatalities in car crashes. It is estimated that 140 people were killed just last year because of deer-vehicle accidents. The top five states where accidents occurred were Pennsylvania, Michigan, New York, Ohio, and Virginia. The fewest accidents were in Rhode Island, Alaska, Nevada, the District of Columbia, and Hawaii. With fatalities and skyrocketing costs associated with deer-vehicle collisions, the author ponders whether eliminating some deer for the greater good of humans is the next step.
International health insurance is an excellent investment for anyone living or traveling overseas. But with any type of product or service, no one wants to pay more than they have to for it. How can you make sure you get the best possible deal on it? Here are some helpful tips.
First off, determine exactly what kind of coverage you need. Do you need a plan that will cover you for a long period of time or just a few weeks? Do you need coverage only for yourself or for your family too? Do you need a plan that covers you during basic health emergencies only, or one with more robust options like evacuations, trip cancellation, or coverage from accidents incurred during participation in sports? Read full article…
One of the prominent insurance companies in UK has come out in order to warn the UK motorists to be wary of the winter car crimes that may take a shoot this winter. Winter car crimes are a part of every economy and their proclivity increases during the end of the year. As the dark evenings approach soon for the year, the prominent car insurance company Swinton has come out to advice the UK motorists to take extra care if possible so that they do not fall prey to the petty car crimes.