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Today’s News: Employers Urged to Expand Health Plans, Medicare Doughnut Hole Checks Coming and the Nation’s Dumbest Drivers May Live Near You

29 July, 2010

The secretary of Health and Human Services is urging employers to hurry and expand their health insurance benefits plans to employees with older children, while the government announces that Medicare checks may be mailed soon to beneficiaries into the “doughnut hole.” And in auto insurance news, GMAC has taken time to tell you where you can find the nation’s dumbest drivers.

Employers Urged to Offer Coverage to Children Up to Age 26 ASAP

Kathleen Sebelius, the secretary of health and human services, urged employers to begin immediately offering or continue to offer health insurance coverage to employees’ children up to the age of 26 — and they need to do it at little or no additional cost. While the

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Cheap Insurance

26 July, 2010

Wedding insurance is something which provides extra support to your wedding planning. Never wonder whether you should have wedding insurance or not. Sometime may be you thing that you have enough insurance policies, and taking more is only making money waste, is absolutely wrong. Wedding insurance provides your upcoming marriage a safety support in the case if any casualty happens.
From damaged carpets to broken furniture and dirty clothing, and the scratch happened to limousine which caused by careless guest to the fire generated by the combination of paper streamers and candles, for this purpose liability insurance is good.
Another problem is illness. No body knows about the future, what is going to be happen. Read full post…

Free petrol from The Bike Insurer

26 July, 2010

“FREE PETROL FOR BIKERS TO BE GIVEN AWAY AT A SECRET LOCATION, COURTESY OF THEBIKEINSURER.CO.UK!

Motorcycle insurance from The Bike Insurer

TheBikeInsurer.co.uk has announced its ‘Happy Hour’ free petrol giveaway campaign targeting London bikers – and the best bit, there’s no catch!

Sounds too good to be true? Well believe it, because whenever TheBikeInsurer.co.uk is involved, Britain ’s bikers are guaranteed to make a saving.

TheBikeInsurer.co.uk is set to give away free petrol at a secret service station somewhere in London . All bikers

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Cracked Nest Egg

25 July, 2010

> SAN JOSE With few prospects on the horizon, some of the Bay Area’s jobless are sacrificing future retirement security for day-to-day survival.

As the recession drags on and savings are exhausted, they’re turning to their 401(k) retirement plans for money to pay for mortgages, health care insurance and daily expenses, even though they rack up stiff penalties and lock in market losses from the crash.

Breana Bartholomew, 53, an accountant, says she doesn’t have much choice. She’s working two part-time jobs one in San Jose and another in Gilroy after losing a full-time job in December 2008. Her income is only one-fourth of what she made before.

Her emergency savings gone, Bartholomew said she is using her 401(k) to pay her health insurance premiums.

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Willis highlights contingent commission downfalls

23 July, 2010

Willis Group has stepped up its campaign against contingent commissions by having a report prepared by a third party published in this week’s issue of Business Insurance.

The work is written by Edwards Angell of law firm Palmer & Dodge and highlights the conflicts of interest created by contingent commissions, making the case for putting clients first.

Willis chairman and chief executive officer, Joe Plumeri, explains: “Willis has long opposed contingents because we believe they are at odds with the obligation retail brokers have to their clients to get them the best terms, conditions and price, and to advocate for them when they have a claim.”

He adds: “It’s important for insurance buyers to know about the conflicts of interest created when insurance companies pay retail brokers bonuses for increasing premium volume and profitability.”

 

Related stories to Willis highlights contingent commission downfalls:

  • Willis reports Q1 profits
  • Willis bolsters Hungarian presence
  • Willis announces Q4 and 2009 financial results
  • Willis reports Q1 profits of $204m
  • Willis Re name new chairman
  • Willis Group reports Q3 profit plunge
  • Willis acquires 100% stake in Argentine business
  • Willis appoints MD of Willis HRH
  • Willis forms combined global facultative unit
  • Willis Re completes HRH acquisition

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