April 20, 2021

Insurance

Frustrated, some BR residents who’ve never needed flood insurance, now watch as their streets flood

4 hours ago

BATON ROUGE – Louisiana may be known for its rain, but not every neighborhood in Baton Rouge is prone to flooding.

As of late, however, a series of unrelenting storms have brought high water to some of Baton Rouge’s residential areas that have never experienced flooding.

Frustrated residents say they don’t have flood insurance because they’ve never needed it until now, and they add that after reaching out to officials for help, their problems have yet to be resolved. 

Drainage issues appear to be the culprit. Clogged drainage systems around the neighborhoods lead to high water that becomes impassable and

… Read More

NC Rate Bureau granted smaller insurance increase on dwellings than what was sought

10 hours ago

RALEIGH, N.C. (WITN) -The N.C. Department of Insurance has ended its legal dispute with the North Carolina Rate Bureau on its proposed 18.7% dwelling insurance rate increase as the two sides reached an agreement on a smaller increase.

On Dec. 14, 2020, the Rate Bureau, which represents companies writing property insurance in North Carolina and is not a part of the N.C. Department of Insurance, proposed a 18.7% statewide overall increase in dwelling insurance rates.

After studying the data, Insurance Commissioner Mike Causey says he negotiated a settlement for a much smaller rate of an overall statewide increase of 7.6%,

… Read More

Legislature’s fixes are needed to save insurance market

16 hours ago

Guy C. Fraker

Last fall, I was commissioned to complete a consumer- focused analysis of Florida’s property insurance market. What I discovered is best described referring to an iconic film trilogy. Florida’s dwelling insurance market should be called The Matrix. In the films, people exist in comas, their stasis used as batteries to power parasitic robotics. All the while, they are embedded with an illusion of reality. Seven million Floridians are being used to power parasitic entities while being asked to accept a deplorably false narrative about insurance companies.

Field property specialist Sam Ellenburg, left, and property large loss claims manager Vicky Walters of Grange/Integrity Insurance talk while a drone flies what they refer to as a lawnmower grid Aug. 19 taking damage photos for an insurance claim in Cedar Rapids, Iowa.

The resulting impacts include citizens paying a hidden tax that grows

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What is non-owner car insurance?

22 hours ago

MarketWatch has highlighted these products and services because we think readers will find them useful. This content is independent of the MarketWatch newsroom and we may receive a commission if you buy products through links in this article.

It’s possible to purchase an auto insurance policy without owning a car. Non-owner car insurance works like liability coverage that is connected to an individual driver rather than a specific vehicle.

Keep reading to learn more about non-owner car insurance, including what is covered, how much these policies typically cost and recommendations for the best car insurance companies that sell non-owner auto

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Micron, United Insurance Holdings, Western Digital Corp and Levi Strauss highlighted as Zacks Bull and Bear of the Day

1 day ago

For Immediate Release

Chicago, IL – April 16, 2021 – Zacks Equity Research Shares of Micron Technology, Inc. MU as the Bull of the Day, United Insurance Holdings Corp. UIHC as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Western Digital Corporation WDC and Levi Strauss & Co. LEVI.

Here is a synopsis of all four stocks:

Bull of the Day:

Micron beat its already-raised outlook for its second quarter fiscal 2021 results on March 31. Wall Street drove the stock to new highs following the release as the memory chip maker looks poised to

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If the COVID shot is free, why show insurance? Expert explains

1 day ago

PORTLAND, Ore. — Although receiving a COVID-19 shot is free for anyone in the U.S., providers are asking people to present insurance to help pay other costs.

Angela Dowling is president of Regence BlueCross BlueShield of Oregon. She explained the government pays for the vaccine doses, and insurance can help with the rest.

“For those providers there helping you get the shot, the people who are putting the shot in your arm, there is a cost for administration,” Dowling said.

Presenting insurance at a clinic or vaccination site allows those medical providers to be reimbursed for their time and resources.

… Read More

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