Public/private partnerships between governments, companies and insurers can help ease income gaps that burden millions of Americans, according to new research from Zurich Insurance Group and the University of Oxford.
Financial education is one key to securing personal financial security, the study recommends. Other solutions include finding a balance between responsibilities assumed by governments, employers, insurers, other financial institutions like intermediaries and individuals in protecting household income. Continue reading
President Donald Trump’s administration took its most drastic step yet to roll back the Affordable Care Act, cutting off a subsidy to insurers hours after issuing an executive order designed to draw people away from the health law’s markets. Continue reading
Why the average retirement age is rising
Social Security, pension type, and education are factors that have contributed to the rise in the retirement age since the mid-1980s, writes Alicia H. Munnell, director of Boston College Center for Retirement Research, in this article on MarketWatch. Other factors that have also spurred an increase in retirement age are improved health and longevity, jobs becoming less physically demanding, writes Munnell. “While all these factors help explain the gains since the mid-1980s, I was concerned that they had played themselves out. At least for men, though, the increase in the average retirement age from 63.9 in 2013 to 64.6 in 2015 is encouraging.” Continue reading
Hundreds of anguished Californians who lost their homes in an outbreak of wildfires this week now get to face another burden: dealing with insurers Continue reading
Matt Honea, cyber manager at Cyence, a San Mateo, Calif.-based cyber risk modeler, thinks a great way to get companies to report cyber attacks is to make them do it.
Honea, who believes insurers can be a catalyst for collecting data on cyber attacks and attempted attacks, also believes it’s a good idea to make cyber insurance a required coverage for companies. Continue reading
NHTSA found that distracted driving and drowsy driving fatalities declined, while deaths related to other reckless behaviors – including speeding, alcohol impairment, and not wearing seat belts – continued to increase. The number of fatalities in distraction affected crashes decreased by 2.2 percent from 3,526 in 2015 to 3,450 in 2016. Fatalities in distraction affected crashes were 9.2 percent of total fatalities in 2016. Continue reading
The Trump administration on Friday moved to expand the rights of employers to deny women insurance coverage for contraception and issued sweeping guidance on religious freedom that critics said could also erode civil rights protections for lesbian, gay, bisexual and transgender people. Continue reading
The ink on the “total loss” insurance paperwork, like the 2007 Range Rover itself, was still wet when Morgan Moran began trying to buy his vehicle back after Hurricane Matthew last year.
The insurance adjuster had declared the vehicle ruined in a matter of seconds after noticing water in the spare-tire wheel well. After all, he had a busy schedule and contemporary cars are about as waterproof as a laptop computer. Continue reading
