Two bills have been introduced that will be a solution. House Bill 2513 and Senate Bill 6252 would ban the practice of using a person’s credit history, education or income to set insurance rates.
Driving records and vehicle-safety records are reasonable factors for insurers to consider when pricing insurance; A person’s income, education level and credit score are not.
With our economy in recession and unemployment in Washington at 9.5 percent, there is absolutely no reason we should allow insurers to squeeze already-vulnerable families on a discriminatory basis. View Full Article »
Car insurance customers who are driving their cars for business use might not have adequate protection.
The comparison website has identified a rise in the number of workers being asked to use their personal cars for business use, without necessarily warning them of the car insurance implications.
Found that 72 per cent of UK workers have used their own car for business use in the last 12 months, but only 35 per cent do not have business cover included in their car insurance policy and therefore risk driving without sufficient protection. View Full Article »
Motor Trade Insurance Is Necessary for Motor trading business, If you’re in the car trading business, the most important aspect of your business is always the best possible price.
The only way you can make money for your business, if the lower price, lower price for the repairs (if required for the issue), and the highest price possible. All these things are very important for dealers to be able to make a profit. However, there is something very important missing from the puzzle, and car dealers, insurance is.
Car insurance trade is very important for the automotive trading activity as they protect the assets you can acquire while traveling or not. View Full Article »
Techs dipped and the broader market struggled near midday Monday as investors mulled a report showing a jump in Chinese exports, considered a weaker dollar and geared up for the start of the quarterly reporting period.
The Dow Jones industrial average (INDU) was barely changed nearly 2-1/2 hours into the session. The S&P 500 index (SPX) lost a few points. The Nasdaq composite (COMP) lost 11 points, or 0.5%.
Stocks gained Friday as a tech rally helped investors look past a surprisingly weak jobs report, leaving all three major gauges at 15-month highs. After that run, stocks seesawed Monday morning. View Full Article »
Investment grade corporate bonds are normally as dull as ditchwater. But 2009 proved to be an exception as fears of a global economic depression receded and investors reassessed the likelihood of corporate default.
“Last year was a historic year of performance [for investment grade bonds],” says Eric Takeha, a senior fixed income portfolio manager at Franklin Templeton Investments. “However, if you put it in context, in the sell-off of 2008 we reached valuations not seen since the 1930s.”
In other words, last year’s surge was a bounce back after plunging the year before. Investment grade bonds have just got back to normal. View Full Article »
No one can predict when accidents happen. That being said, it would be wise and of course safe if you have a disability insurance plan. In case anything bad happens to you, at least you would still be able to provide money for the household expenses.
Further delay of acquiring this type of insurance is not a good idea. Insurance companies evaluate some factors that would affect the rate of the plan and one of those determinants is your age. The better your physical condition is, the cheaper the price will be.
Pre-existing conditions are also considered by the insurers. Expect for a higher rate should you have any medical problem. View Full Article »
SBI chairman OP Bhatt on Monday said there will be a huge strain on the banking system in times to come .
“While there are huge opportunities, the banking system is under a lot of strain. The profits and interest margins may strain, while low-cost resources, current and savings account (CASA) are also on a decline. Non-performing assets are also projected to go up over the next one or two quarters,” he said.
Bhatt also noted that as inflation pressures are building up, regulatory action may lead to hardening of interest rates.
However, he is confident of India likely to witness a growth rate of 8%. “The combined dynamics of multiple factors in social, political and economic sectors are such that come what may, the country will continue to grow at 8% for the foreseeable future,” Bhatt said. he was speaking atthe Bancon conference in Mumbai. View Full Article »
Due to a budget shortfall, Lexington’s Urban County Government is dropping health insurance coverage for 556 employees of “outside agencies”. These are organizations that are connected with, but not directly run by, city government. In reference to 2008 spending, reducing employees of the 20 organizations from Lexington’s insurance plan would save the city $506,218 a year.
“The satellite agencies had been paying only their premiums,” said Susan Straub, spokeswoman for Mayor Jim Newberry. “… They were not funding the full cost of their health care.” View Full Article »
Senior citizens have many special needs when it comes to health insurance and long term care insurance. As we get older, affordable health insurance becomes more difficult to find, and more of our cost-of-living expenses become healthcare related.
For example, a pre-existing condition can make affordable insurance hard to find (for example, health insurance for diabetics). Fortunately, when it comes to obtaining health insurance, seniors have rights, as well as a number of different types of plans to choose from, through both government programs and private companies. You need information to help you make the right choices.
All seniors have access to the federally-subsidized Medicare program. In addition, they have the option of purchasing a Medicare supplement, also known as medigap insurance (note: not connected with or endorsed by the U.S. government or the federal Medicare program.). View Full Article »
Car insurance coverage is a legal requirement for every car owner but said consumers should not be paying too much particularly in times of financial hardship and with Christmas just around the corner when expenses are shooting up.
The most important way to save on your car insurance premium is to be smart and look around to look for the best deal. This would easily enable consumers to save at least £157. A consumer can save an additional £39 by adding a partner to the policy.
Another convenient way to save on your cash is by car-pooling to save on mileage. This will save you at least £12, you can also take a full comprehensive coverage of your car instead of third party (additional £90).
Young drivers can also add an older relative to their policy which could mean savings of up to £601. In all, you can save a total of £909 on your auto insurance, the company said.
“At a time when we are likely to be splashing out on Christmas presents, it is important people remember that their outgoings can be trimmed by shopping around and taking several easy steps to reduce their insurance premiums.”
