How much do you know about professional liability insurance? Did you know that professional liability insurance is also called professional indemnity insurance? Another thing I bet you didn’t know is that most professionals in the United States are forced to have some kind of liability insurance policy. Most liability insurance policies cover advice and service professionals but some insurance policies out there cover even more than that.
What a lot of people don’t fully understand about professional liability insurance is there are a few different types of professional indemnity insurance policies out there. The Read more…
— Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor revoked the resident insurance agent license of Deana Ladd, of Van Wert, Ohio, for violations of Ohio insurance law.
A Department review revealed that around March 23, 2009, Ladd was convicted of theft, a felony. Ohio insurance law allows the Director to revoke an agent’s Ohio insurance license for being convicted of a felony.
Ladd’s resident insurance agent license was revoked June 27, 2011.
Read more…
We have already seen the first sub zero temperatures and frosts of the year in the UK, and there are reports that this winter will see a repeat of last year’s arctic conditions. Consequently, there will be an abundance of burst pipes in holiday homes.
First of all, if you discover a leak or burst pipe – don’t immediately call your insurer to see if it is covered – stop the leak first. You would be surprised how many people actually call their insurers before turning off the water supply
What would you do if you weren’t insured? As a policyholder you have a duty to take all reasonable steps to prevent loss. It is in
Read more…
Judge C. Roger Vinson of the US District Court for the Northern District of Florida has ruled on Monday that the federal health reform law, specifically called the Patient Protection and Affordable Care Act, is unconstitutional. Judge Vinson agrees with plaintiffs in that the mandate exceeds Congress’ power to regulate interstate commerce, a condition known as the “Commerce Clause.”
While Judge Vinson is the second federal judge to strike down the Affordable Care Act, he is the first to overturn the entire healthcare reform law. Two other rulings have been in favor of proceeding with the law as it currently stands.
The Florida judge finds the healthcare reform law to have “too many moving parts” to separate the constitutional from the unconstitutional. And becau
Read more…
Many parts of the UK have experienced the coldest November in history, with temperatures plunging to -18C. After three consecutive years of prolonged snow and frost, it seems that winters in the UK are getting more severe.
Last year, the insurance industry paid out £644 million for water damage that had escaped from burst pipes – and this winter is expected to be even worse. The knock on effect could be rising premiums.
At Schofields we are dealing with holiday home owners who have discovered burst pipes at their holiday home. However, many of these claims could have been avoided.
Why do pipes burst? – our top 10 findings
Over the years we have dealt with thousands of substantial burst pipe claims. Many
Read more…
Beginning in 2014, the new Patient Protection and Affordable Care Act will mandate that employers who have 50 or more full-time employees must offer affordable health insurance coverage or risk paying a penalty. Nursing homes and home care agencies, because they rely so much on low-paying government program reimbursements, often cannot financially provide this benefit to its caregivers and are seeking to be exempted from the requirement, reports the New York Times today.
Healthcare Workers are Low-Wage Employees with Minimal, If Any, Healthcare Benefits
According to the 2011 Cost of Care Survey sponsored by Genworth Financial, long-term care costs in nursing homes and assisted living facilities has continued to rise over the last few years.
Read more…