As we step into 2024, it's paramount to set resolutions that prioritize financial well-being and risk management. Whether you're safeguarding your home and family or securing your business assets, here are key insurance resolutions for both personal and commercial fronts.
1. Review and Update Policies Regularly:
Stay proactive by reviewing your insurance policies annually. Ensure coverage aligns with your current needs, considering changes in property value, family dynamics, or business expansion.
2. Embrace Technology for Risk Mitigation:
Leverage emerging technologies such as IoT devices and smart sensors to enhance risk prevention. For personal insurance, this could mean installing smart home devices, while businesses can utilize technology for predictive maintenance and...
Bicycles are more than just a mode of transportation; they represent a significant investment for many, especially with the rise of high-end models designed for racing, long-distance rides, or daily commuting. The cost of these bicycles can range from a few hundred to several thousand dollars, making insurance coverage an important consideration.
The Growing Popularity of E-Bikes
The popularity of electric bikes (e-bikes) has surged, offering an eco-friendly and efficient way to travel. E-bikes, which combine traditional biking with an electric motor, provide additional speed and range, making them a favorite among commuters and recreational riders alike. However, they also come with unique insurance considerations due to their higher cost...
The Medicare Annual Election Period takes place between October 15th and December 7th, this period is your annual window to shop, purchase, or renew...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Running a small business is no small feat. With limited resources and tight margins, even a minor incident can significantly impact your bottom line....
The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility) has paid the Government of Panama US $26.7 million after the countries...
Are you an insurance agent completely relying on cold-calling and physical networking only to generate more insurance leads and insurance sales? Do you...
Earlier this year, White Mountains committed up to $30 million in capital for a Bermuda-based collateralized reinsurance structure that provides sidecar-like support to its...
Here’s a final reminder to register for our Artemis Live webinar, being held this week on November 21st 2024, in which industry expert speakers will...
Ah, life insurance. A pillar of financial security, a safety net for loved ones, and… a potential tax tango? While the primary purpose of life insurance isn’t to enrich Uncle Sam, there are indeed scenarios where this financial instrument...
For many people, turning 65 means becoming eligible for
Medicare. However, not everyone will qualify at 65, and there are some factors that can influence your eligibility. In addition to being the appropriate age, you must have worked and...
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KatRisk, the catastrophe risk modelling software provider and the third-party risk modelling agency for the NFIP’s FloodSmart Re catastrophe bonds, has been acquired by...
More than $112 billion was lost to retail shrinkage in a recent year, according to the National Retail Federation (NRF). Retail loss, or “shrinkage”...
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Chad Duke, Vice President/Risk Advisor, and Pim Jager, Vice President/Benefits Consultant, were recently featured on the ESOP Podcast discussing captive insurance and...
It is essential that you know how to file an auto insurance claim against someone in Michigan if you have been in a car accident. The three potential claims that you may have are for No-Fault benefits to cover...
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With the major media organizations having now called the presidential election declaring former Vice President Joe Biden as the 46th President of the United States, we wanted to provide some forward-looking insights regarding the potential impacts to...
1-Be patient during the break-in :
You have bought your dream car and now you want to make it as long as possible in top condition. Here are a few things to keep in mind when you are removing it...
Applied Epic® is the world’s most widely used management platform. It allows you to manage and maintain a clear picture of your entire agency across all roles, locations and lines of business, including both P&C and benefits.Our Applied...
Whether you’re planning an international vacation or taking the kids to see their grandparents, here’s how to book the best possible tripby Nicole Dieker October 30, 2023 | Money
The holidays are nearly upon us, which means it might...
Make yourself visible no matter the time of day.
The pandemic, rising fuel prices and climate change concerns – along with improved battery technology and e-bike options – have combined to create a...
Virtual reality, or VR for short, may have some limited applications outside of video games and entertainment, but major US insurer Allstate Insurance Company believes there is potential in the technology for use in the insurance industry. Last week...
You can control some aspects of your insurance costs. Your independent agent can help.
Much like the price of groceries and gasoline, insurance premiums are increasing. Especially if you haven’t had a claim, you...
Last Updated on January 17, 2022 by adminGenuine small holiday letting businesses in England to be protected by closure of second home tax loopholeOwners of second homes in England who abuse a tax loophole by claiming their often-empty properties...
Last Updated on January 25, 2021 by admin
There has been much media coverage of the Supreme Court Judgement made on the 15th January 2021 regarding the FCA Test Case involving some insurers business interruption wordings. Understandably this has caused...
Your agent is best positioned to advise you when they have all the facts.
Your local independent insurance agent is prepared to create a personalized coverage plan tailored to meet your and your family’s...
Just as you would before any important purchase, do some research before buying insurance.
Many people research expensive purchases like homes, cars, or gadgets to make sure they get the best value for their...
Last Updated on April 6, 2022 by adminIn response to the Covid-19 pandemic, the hospitality and tourism industry have pulled together to produce protocols across all sectors, including specific Covid-19 Holiday Let Cleaning Guidance for self-catering properties. The Covid-19...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
When the weather turns chilly outside, many homeowners turn to a fireplace, space heater, wood-burning stove or patio heater to make their space a little cozier. Yet these appliances require proper installation, use and maintenance to keep you, your...
As an employer, you are responsible for providing your employees with a comprehensive benefits package that includes healthcare, retirement plans, and even legal assistance. However, most employers need to pay more attention to the importance of consumer protection assistance...
Highlights
Small to midsize companies are focusing on new employer healthcare priorities, including affordability, behavioral health access, and inclusive benefits for their employees.
Employers are taking steps to offer low or no copays for health insurance plans and increase mental health...
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Survivorship life insurance, also known as second-to-die life insurance, is a type of policy that covers two individuals,...
A side business is a great way to make extra money or pursue your passion before building it into a full-time career. If you are considering starting a side business or are already successful in an endeavor, it is...
Home » Accident & Health Insurance – Do You Need One Or Both?
It’s hard to know what you’re going to need in this life to mitigate the risk (like accident and health insurance) and know that no matter what...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
The federal government’s ACA Marketplace is seeing more signups than ever since its creation after the Affordable Healthcare Act was passed in 2010. In this year’s open enrollment, the Marketplace could see its highest number of new signups ever....
Cyber attack threat exposure is growing in strength. According to The World Economic Forum, there is growing inequality between those organisations that have robust cyber defences and those that don’t, particularly small and medium enterprises.
This study also found that...
International insurer and reinsurer MS Amlin has now launched the capital raise for the 2025 edition of its Phoenix reinsurance sidecar, and with the vehicle’s performance consistently beating expectations, investor interest is high, according to William Ho, CEO of...
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On May 18, 2021, the IRS issued Notice 2021-31, a guidance document on the American Rescue Plan Act (ARPA) subsidy for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). The Notice discusses...
Contractors all risk insurance cost is a crucial factor for any construction business in Florida. This coverage protects against unexpected events on a construction site, reducing the financial burden of unfortunate incidents. Key aspects of contractors all risk insurance...
If you’re a small business owner looking for commercial property insurance, here’s what you need to know at a glance:Protection: Safeguards your business’s physical assets, like buildings and equipment, against risks such as fire, theft, and natural disasters.Importance: Without...
