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Commercial Property Casualty |
What A Difference One Word Makes - A Loss Payable Provision And Lender's Loss Payable Are Not Interchangeable
The Rough Notes Company, Inc.
Donald Malecki
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Two terms that are well understood in insurance circles are (1) mortgagee provision and (2) loss payee or loss payable provision. The first term is used with reference to real estate property and is a necessary provision when a financial institution lends money to the purchaser of real estate. The second term is understood to be a document required by lenders as security for the purchase of personal property, and by owners of equipment leased to others.
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Jump-Start Workers’ Compensation Claims
Risk & Insurance
Matt Brady
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In the past decade, electronic claims transactions have become the standard in the group-health arena, streamlining the claims management process. New regulations being drafted in California and Texas could lead to similar success in the workers’ compensation industry.
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Employee Benefits |
Average Couple Today Needs $295,000 for Retiree Health Expenses
Employee Benefit Research Institute
Roy McCormick
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WASHINGTON—A couple age 65 retiring today and living to average life expectancy would need $295,000 to cover premiums for health insurance and out-of-pocket expenses during retirement, according to a study published today by the nonpartisan Employee Benefit Research Institute (EBRI).
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Pension Protection Act Arguably Marks The Most Sweeping Change To Pension Laws Since ERISA
Groom Law Group
Heather E. Meade
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Over a year and a half of negotiations, lobbying efforts, and political posturing finally culminated in comprehensive pension reform, as the House of Representatives on July 28th and the Senate on August 3rd passed H.R. 4, the "Pension Protection Act of 2006". The Pension Protection Act arguably marks the most sweeping change to pension laws since the passage of the Employee Retirement Income Security Act in 1974.
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Financial Security |
Are ETFs Tax-Friendly? Take Another Look.
Wealth Manager Magazine
Robert N. Gordon
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Exchange-traded funds (ETF s) are on a roll, even to a point where they are now being created on some arcane asset classes. But beware: As the portfolio becomes less standard, the costs to trade ETFs escalate. And from a tax perspective, there may be some better choices.
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Lifestyle Changes: Myths and Misconceptions About Life in Retirement
American Association of Individual Investors
Michael Leonetti
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"Some people spend more time planning a two-week vacation than they do their retirement." Retirement is a passage from one lifestyle to another. One way to think of the term "retire" is by placing a hyphen between the 'e' and the 't' and creating a new term—re-tire: To put on new treads. Those who take the voyage seriously and do the right kind of planning usually have a smoother trip and more fun.
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Personal Lines |
About Your Airbags
Insurance Institute For Highway Safety
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Virtually all new cars have airbags, and they’re saving lives. They’re reducing driver deaths by about 14 percent, and passenger bags reduce deaths by about 11 percent.
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Grilling Safety August 2006
Insurance Information Institute
Ed McCarthy
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Americans enjoy more than three billion barbecues each year. But barbecuing can be dangerous, even deadly, if you are not careful.
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Automobile Comprehensive Coverage: Addressing An Ongoing Need
The Rough Notes Company, Inc.
Roy McCormick
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It is important for drivers to continue their comprehensive coverage (aka loss other than caused by collision) during the time their vehicle carries a relatively high value. Many people terminate their collision coverage when an automobile loan is paid off; others who have no loan drop the coverage when the book value of the covered auto drops to the point that self insurance is economically sound for them.
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