insurance 2020

Georgia Health Insurance Exchanges' Bleak Future Last January, the Georgia General Assembly decided it will not implement any bill that will set up a health insurance exchange in their state. This announced decision surprised a lot of Georgians. Last December, an advisory committee appointed by Gov. Nathan Deal, recommended that an online health insurance exchange should be created for individuals and small businesses. Why Did Georgia Change Its Mind? According to Deal's spokesman, Brian Robinson, the Governor wanted to wait for the decision of the Supreme Court about the health care reform law whether it will be overturned or not. The Patient Protection and Affordable Care Act of President Obama mandates that by 2014 every state in America should have their own health insurance exchange running. This exchange will be a marketplace where individuals and small businesses will be given the chance to shop for affordable Georgia health insurance plans. If the state fails to d

Could Insurers Be Planning to Exploit Facebook to Tailor Their Premiums? A lot has been said by and about the insurance sector when it comes to personal injury and increased policy prices. With this year showing a staggering increase in third-party claims they were quick to shift the majority of the blame on to claims management companies forcing the hand of people, without acknowledging the fact that they too were contacting accident victims and encouraging them to pursue a claims illicitly. But after reading a piece in the most recent publication of the Post Magazine it would seem the means that insurers are perhaps prepared to go to in order to raise their incomes could be about to rise to a whole new level. The article called 'Facebook is your Friend', discusses the impact that social media has already had on the insurance sector, describing that it has enabled insurers to discover more about the risk profiles of their potential consumers. But the main focus of the art

Commercial Insurance Helps Pay For The Catastrophe Clean Up Commercial insurance policies provide cover for buildings and property against all kinds of perils, but it is important to consider what it would cost to get your buildings reinstated following a total loss catastrophe such as a fire or major flood, and to ensure that your business insurance policy contains provisions to cover all the costs of  reinstatement expenses. If you under-estimate the total rebuilding costs of your commercial premises when initially applying for cover, then following any future claim, any payouts agreed will be subject to reductions by what is called 'average'. Average will reduce the claim payout proportionally by the amount of under-insurance of the declared value from the actual current rebuilding costs. For example if your premises costs 150,000 to rebuild and you have declared the sum insured at 120,000, your claim will be reduced by a fifth. If allowances are not made for all the c

Divorce Prophylactics Are wedding bells about to ring in your future? Don't let bats get into your belfry. Now is the time to take out an insurance policy. You need to protect yourself against the risk of divorce. Yes, I really am urging you to consider asking your lover to sign a pre-nuptial agreement with you. Oh, sure, I can hear your moans even now as I write this. "Pre-nups? They're the anti-Viagra for true love!" "How can I ask my soulmate to sign an agreement that says I really don't trust her? Or worse yet, doesn't that say that I really don't trust myself?" "If I did ask him, he'd probably call off the marriage." And the lamest wail of all is: "I can't afford to hire an attorney for that! We're spending a fortune already on the wedding itself." Now that one-third of all married women earn more than the man of the house, it behooves all parties to marital vows to reconsider their positions on pre-nupti

Get Your Affairs Sorted Sooner And Not Later Death is probably the last thing anyone wants to think about, but it is inevitable. It is therefore vitally important to get life insurance. When your insurance is sorted out you are left with a certain sense of surety that your family will be looked after once you are gone. Life insurance is not difficult to obtain and it is offered by various financial institutions offering various packages and catering to numerous budget brackets. You only need to shop around to find the insurance policy best suited to your needs or offering you the best package according to your requirements. Insurance institutions are thorough when approving life insurance and in most cases it would be required of you to undergo a medical to determine your present state of health. This is key in determining which policy would be better suited to you and will also pre determine more or less the monthly premiums you would have to pay. With today's medical advance

Car Accidents: Defective Auto Parts or Driver Negligence? If you have ever been in a traffic accident or have seen one, you would know how disastrous it can be. Auto parts everywhere, glass shards shining on the concrete and occasional death. There are a number of factors which contribute to the risk of an accident, i.e. vehicle design, speed, road design and environment bust mostly it is driver skill and behaviour. Statistics show that most of the accidents occur due to the driver's negligence than faulty auto parts. The leading 4 causes for accidents due to driver's negligence are: 1. Driving while distracted. Diverting attention towards other things such as cell phones, food, texting while driving is the leading cause of motor accidents in the U.S. 2. Speeding Speed kills. The faster you go, the slower is the reaction time to prevent an accident. 3. Tailgating. Driving impatiently and recklessly and too close to another vehicle is a tested method to get into accide