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Critical Illness Insurance - Critical Or Ridicule?
Critical illness cover (CIC) is a type of insurance which provides a significant one-off payment if you are diagnosed with a specified life-threatening condition - specified being the important term, because if your illness isn't in the terms and...
Facts about Renters Insurance
If you rent an apartment or house, you might consider purchasing renters insurance. Renters insurance provides coverage for damage or loss of personal property for people in rental housing. It's to insure the renter's belongings from theft or...
Guide to Life Insurance
Here is a useful guide to life insurance. Simply put, a life insurance policy provides a lump sum payment upon death of the policy holder. In exchange for regular premiums, a life insurance company will insure your life so that when you die, the...
Insurance for those who own Left hand drive, American or Modified Cars
Insurance refers to a contract or a ‘policy’, as it is often called, under which an insurer provides financial protection against losses for a person, business or an organization in exchange for a regular payment of an amount, called ‘premium’. ...
What Are The Auto Liability Insurance State Minimums For My State?
As you shop online for the best auto insurance deals you may begin to ask yourself what exactly is required by law when it comes to auto insurance. Fortunately this article outlines the auto liability insurance state minimums that you are required...
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Insurance Industry Leaders Discuss Trends And The Effects Of Hurricane Katrina
Hurricane Katrina has affected the insurance industry dramatically. At a recent conference, several industry leaders discussed trends in the market, recruitment of new agents, the devastating effects of Katrina, and the insurance industry's duties to policyholders in the aftermath of the hurricane. The long and short term effects of Katrina was the focus of the panel, led by CEOs of major insurers, which determined that the insurance industry must stand behind policyholders, especially those affected by Hurricane Katrina. There was agreement between most major insurance companies that the suspension of billing and cancellations was the top priority, along with paying claims promptly and fairly to those in devastated regions.
The various insurance associations, both
state and national, have created a fund to help industry colleagues affected by Katrina recover from the losses they have suffered. The fund will also benefit the families of agents and brokers directly affected by the hurricane. Hurricane Katrina has devastated not only human life and property, but also the economic stability of the coastal region. Major insurance companies have suffered devastating losses as well as a result of Hurricane Katrina. The insurance industry estimates that 15 to 25 billion dollars in losses could be the price of insured losses due to the hurricane.
About the Author
Mike Bell is the webmaster of http://www.InsuranceOptionsGuide.com, a resource for life and health insurance answers.
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