• Why you can get the serious consequences without health insurance

    Why you can get the serious consequences without health insurance...

    Many lives have been destroyed by not being covered by insurance. If this sounds like a warning, it could very well be a revival. In our modern world, we need laws for protecting ourselves and others. Auto insurance laws is a good sample. Other instances without insurance could be catastrophic if you do not have homeowners insurance, life and medical insurance. Each of us wants to live a long healthful life. Read...

  • A life insurance policy is your support in stressful life

    A life insurance policy is your support in stressful life...

    Safety is a pillar of our life. This is so because life in danger is not really life, and we do not need danger in its overall meaning. Your health may be at risk, your finances and your life can be too. All that can go wrong in a second. Of course, we do not want to think or imagine that, but we’ll do it for a second. Read...

  • How you should choose a pet insurance coverage

    How you should choose a pet insurance coverage...

    Get a pet insurance for your four-legged friend is something you need to consider whether you want to avoid huge unexpected vet bills in the future. This research will help you choose the insurance plan for your pets. When shopping for pet insurance to compare the best insurance pet care among all the plans out there, you need to know what to look for. You certainly want to find the best insurance for your pets well-loved, and there are many...

  • How renters should buy home insurance

    How renters should buy home insurance...

    As a homeowner you need to buy insurance when you take possession of your house. You buy because the insurance will defend you against the costs undergone by acts of nature and man. Things like a new roof, repaired basement or other harm are costly and you need a blanket. Insurance will help you with other events such as theft, fire and injury. Most insurance companies that sell insurance for owners will also sell home insurance to people...

Slightly more people applied for life insurance in October

The number of individually underwritten life insurance applications filed rose 1.6% in October, compared to the same period last year, according to the monthly MIB Life Index.

Researchers said the increase was better than reported, given that this past October had fewer business days than the same month in 2010.

For the year, application activity is off 0.4%.

“At a time when the U.S. economy is struggling to define direction, the pipeline for new life

insurance business appears to be holding its own,” said Lee Oliphant, MIB’s CEO, in a statement.

The increase was for all ages combined, but was fueled mostly by those age 60 and above, who marked a 10.9% increase in October over the same month last year, according to the index.

Other age groups didnt do as well. Appli

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24 Nov, 2011  Posted by Savannah Royston  
Tags: Life Insurance, October
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Happy Meals are Getting Healthier

In an effort to offer healthier meals to children, McDonalds plans to decrease the portion of French fries and include a fruit or vegetable serving in each of its Happy Meals.

The company, which has been under pressure from health advocacy groups to offer healthier food to children, rolled out a list of changes on Tuesday.

French fry holders will be reduced from 2.4 ounces to 1.1. The company tried cutting fries from kids’ meals entirely, but customers objected.

Side dishes will include apple slices, carrots, raisins, pinapple slices or mandarin oranges.

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10 Nov, 2011  Posted by Savannah Royston  
Tags: Happy Meals, Healthier
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Whither Rhode Island?: “Manicestation” and Contribution Claims

Rhode Island has the distinction of being not only the smallest state in the union but also one of the few that still adhere to the principle of “manifestation” in resolving long-tail insurance coverage disputes. Both “manifestation” and “all sums” are similar in that the insured’s rights are initially limited to a single year of coverage. They differ dramatically, in that the “all sums” approach recognizes that bodily injury or property damage may have occurred over a period of years and allows the targeted insurer to seek contribution from insurers in other years where injury occurred (although generally not from the insured for uninsured or self-insured periods.) By contrast, the “manifestation” approach assumes that bodily injury or property damage has only occurred in the particular year where it was discovered or, as Rhode Island courts have ruled, when it was discoverable through the exercise of reasonable diligence. See CPC Int., Inc

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31 Oct, 2011  Posted by Savannah Royston  
Tags: Island, Rhode Island
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Microfilm with personal plan enrollment information from 60s, 70s lost

A St. Louis-based plan administrator disclosed that a delivery service has lost a box of microfilm containing plan enrollment information from the 1960s and 1970s.

On Aug. 23, Concordia Plan Services (CPS), formerly known as the plan administrator Worker Benefit Plans, was notified of the loss. On Feb. 3, CPS had hand-delivered the records to a vendor hired to convert the microfilm to an electronic format.

The loss occurred when the records were being transferred between the company assisting the vendor with the conversion process and the vendor. In May 2011, the delivery service had notified the vendor that the microfilm was lost, according to CPS.

The records contained some participants personal information, including names, addresses from the 1960s and 1970s, and dates of birth. I

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25 Oct, 2011  Posted by Savannah Royston  
Tags: Enrollment Information, Lost, Plan Enrollment, Plan Enrollment Information
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Could a Traffic Ticket Save Your Life?

Nobody likes getting a traffic ticket–they’re expensive, cause your auto insurance rate to increase and are a real pain in the you-know-what. Read more…

13 Oct, 2011  Posted by Savannah Royston  
Tags: Ticket, Traffic Ticket
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‘Dramatic shifts’ from Dodd-Frank mean new advisor ‘importance’

“Dramatic shifts” in the investment advisor profession are forecast as advisors prepare for the Dodd-Frank Act, a provision of the federal financial service reform to be enacted next year.

The number of investment advisors decreased this year for the first time since 2001, although total assets under management (AUM) were reported at an all-time high May 1, according to an annual report by the Investment Adviser Association (IAA) and National Regulatory Services (NRS) on trends of the investment advisory profession. The report is based on Securities and Exchange Commission (SEC) data completed through May 1.

The total AUM reported were $43.8 trillion, a 13.7% increase from $38.6 trillion last year and the highest level of AUM ever reported. The

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24 Sep, 2011  Posted by Savannah Royston  
Tags: Advisor, Advisor ‘importance’
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Upcoming Massachusetts Reinsurance Symposium

The Massachusetts Reinsurance Bar Association (MReBA), of which I am the Secretary, is hosting its third annual claims symposium at the Harvard Club in Boston.  Registration is $150 for industry people and $250 for others.  To register, go to the MReBA web site:  www.mreba.org

This year’s keynote speaker will be Tracey Laws, Senior Vice President and General Counsel of the Reinsurance Association of America. She will focus her remarks on the current regulatory climate in which all of us conduct business.

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21 Sep, 2011  Posted by Savannah Royston  
Tags: Massachusetts Reinsurance, Symposium
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