The Economic Times
2 hours
“These covers are apt for those entering their 40s as one is genetically susceptible to ailments such as heart conditions and cancer at this age,” says Antony Jacob, CEO, Apollo Munich Health Insurance. Agrees Sanjay Datta, Chief, Underwriting, Claims and Reinsurance, ICICI Lombard: “It is a must to buy this cover before the age of 40, and is advisable to buy it at a younger age to save on premium and maintain a continued coverage.” So try to pick a suitable plan around 35 years of age as the incidence of these diseases at younger ages is increasing. More importantly, once a disease is contracted, it is difficult to secure insurance. But how do you decide which cover to go for? Read on to find out how a critical illness plan works and the things you should consider before picking one. In Pic : Subhrajit Mukhopadhyay Chief & Appointed Actuary, Edelweiss Tokio LifeCritical illness plans serve the dual purpose of covering the cost of treatment and income replacement.
Politico
2 days
That’s a challenge, because the gun lobby has worked diligently for decades to obscure data on gun violence, gun use and gun ownership. Is a person who owns 20 guns riskier than a person who owns one? Does a licensed concealed carrier have a lower risk of accidents than a hunter who keeps his weapons at home? Nobody really knows. We dont even have reliable data on how many Americans are injured by guns each year . I asked Lockton Affinity, a company that collaborated with the NRA and Chubb to create Carry Guard, how they were able to calculate an appropriate premium to charge for the various levels of firearms liability coverage. A Lockton representative responded, explaining that he couldnt share that proprietary underwriting information. For the NRA’s own Carry Guard insurance, applicants dont need to provide any information about themselves to get a quote.
Washington Free Beacon
4 days
"In particular, states would have a wide range of optionsnotably, the optional waivers discussed above that would allow them to modify the minimum set of benefits that must be provided by insurance sold in the nongroup and small-group markets and that would permit medical underwriting for people who did not demonstrate continuous coverage." "Under Obamacare, premiums have more than doubled , and choices have dwindled to the point that many families have no options at all," said Speaker Paul Ryan (R., Wis.). "We are on a rescue mission to bring down the cost of coverage and make sure families have access to affordable care. This CBO report again confirms that the American Health Care Act achieves our mission: lowering premiums and lowering the deficit. It is another positive step toward keeping our promise to repeal and replace Obamacare." The post CBO: American Health Care Act Will Reduce Deficit By $119 Billion appeared first on Washington Free Beacon .
Politico
4 days
Washington snickered when President Trump marveled that “nobody knew health care could be so complicated,” because everyone in Washington knew that. Wednesday’s long-awaited Congressional Budget Office review of the Republican health-care bill is just the latest reminder that it is, as Trump said, “an unbelievably complex subject,” full of subtleties and intricacies about medical underwriting and community ratings. It can get wonky, jargony and downright impenetrable. But not everything about health care is complicated, and the bottom line of the CBO review is brutally straightforward. It turns out that when the government spends more on health care, more people get health care. The CBO concluded that the GOP bill would spend about $1 trillion less on health care, so about 23 million fewer Americans would have coverage. And most of the money stripped out of the health-care system would be returned to wealthy Americans in the form of tax cuts.
Informed Comment
5 days
The Economic Times
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BBC Two Wales
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TIME - Top Stories
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I get a billion curses a day. But Im happy. I was not talking about lack of sympathy. I was talking about love. I came back because my textbooks, my elementary school textbooks, compelled me to come. That was my message. It got distorted. Afghans are a networked society. When I go to Afghan villages, I ask two questions: how many of you have been abroad? How many of you have relatives abroad? Sixty percent of hands go up. In 1978, the answer to these two questions would probably have been zero point zero something. It needs to be looked at as an organized process. Who is underwriting this? People are spending $30,000 to $50,000 to migrate and lose their lives in the Mediterranean. Thats the part Ive no sympathy for the smugglers. And its also an appeal. When they go, when highly educated people go, and become manual laborers it breaks my heart.
BBC Radio Wales
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with employers and with the people and shows to make sure that was good place to come and work that the national referral mechanism as said that the number of people at risk of human trafficking and modern slavery in Wales has risen full folder path ideas regulations are enforced ok thank you very much for your time this evening as superintendent you and John from David Powys police can bus times for the Circuit of Wales this is the proposed multi-million-pound racing track near Ebbw Vale the decision has been delayed for the second time in two months have a company behind the plan is asking for government underwriting but whilst government ministers say.
The Economic Times
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"There are people who are choosing to paying the ransom and claim the cost of taking back-up, which, in one case, has gone up to Rs 1.2 crore," said an executive of an insurance broking company. Cyber security covers in India are generally bought by IT and IT enabled services due to their exposure to the US and Europe. Banking and financial services industry also buys cyber security cover. Now, new-age payments banks and wallets have started buying this policy to protect against claims arising out of postbreach investigations apart from financial loss due to the breach. "The way policy is structured is that companies need to establish the proof of payment," said Sanjay Datta, head of underwriting, ICICI Lombard General Insurance. "Clients pay for themselves and bring in the insurer." Generally, companies buy assured sum of $10-100 million. "The reason why people are not buying higher limits is because there are no limit-busting events," said an executive of another broking company.
Voice Of America
6 months
The Huffington Post
a month
Money News Steet Talk
7 days
The Huffington Post
2 months
Thanks in part to amendments that House leaders made in order to satisfy their most conservative colleagues, the AHCA would allow states to apply for special waivers, so that insurance companies could go back to the days of medical underwriting ― that is, hiking premiums for people with pre-existing conditions, making insurance impossible to afford. In a sign of how far expectations of health insurance have shifted in the last few years, Republicans were desperate to deny that their proposal would harm people with serious medical problems. Just one day ago, White House press secretary Sean Spicer stood up in the briefing room and said flatly that people with pre-existing conditions would not be worse off. To back up this claim, Republicans have pointed over and over again to provisions of the bill that would, in theory, protect people with pre-existing medical conditions.
Money News Steet Talk
2 months
The Economic Times
3 months
6 lakh people, while private sector banks employed 3.2 lakh people, a paltry growth of 3 per cent over March 2014, data from RBI shows. Analytics and artificial intelligence are already being used by banks to do jobs once considered sacred, like underwriting loans. What this means is that human skills, which were considered imperative for basic banking not long ago, may not be required. “We are now helping banks to underwrite on the spot, which means the underwriting skills as we know it may not be needed,” said Piyush Singh, MD, financial services (Asia-Pacific), Accenture. India is experiencing what banks in advanced countries have been doing for the past many years. Barclays chairman Anthony Jenkins warned of the Uber moment for banks a few years ago, and that is coming true. The number of bank branches in the United States will shrink by as much as 20 per cent in five years and that could save as much as $8.
The Huffington Post
4 months
And states basically have to just state that theyre planning to set up a system to take care of people with pre-existing conditions, not show how. Heres a rundown, via Washington & Lee University law professor Timothy Jost writing in the journal Health Affairs , of the how states receive one of these waivers. They only have to include one of those items, such as that premiums would be lower, not all of them. And they dont have to prove their plans would work; they just have to say they have plans. Be submitted in the time and manner required by HHS; Describe how the waiver would: Reduce average premiums for health insurance coverage in the state; Increase insurance enrollment; Stabilize the market for insurance coverage; Stabilize premiums for people with preexisting coverage; or Increase the choice of health plans in the state; Specify the period for which the waiver would be effective (which could not be more than 10 years unless an extension were granted by HHS); Specify the higher age ratio that the state intends to allow; Specify the essential health benefits the state intends to require; and If the state allows health status underwriting for people who fail to maintain continuous coverage, demonstrate that it has a program in place that meets the requirements described above, which must remain in place for the duration of the waiver.
The Economic Times
4 months
6 lakh people, while private sector banks employed 3.2 lakh people, a paltry growth of 3 per cent over March 2014, data from RBI shows. Analytics and artificial intelligence are already being used by banks to do jobs once considered sacred, like underwriting loans. What this means is that human skills, which were considered imperative for basic banking not long ago, may not be required. “We are now helping banks to underwrite on the spot, which means the underwriting skills as we know it may not be needed,” said Piyush Singh, MD, financial services (Asia-Pacific), Accenture. India is experiencing what banks in advanced countries have been doing for the past many years. Barclays chairman Anthony Jenkins warned of the Uber moment for banks a few years ago, and that is coming true. The number of bank branches in the United States will shrink by as much as 20 per cent in five years and that could save as much as $8.
South China Morning Post
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The Huffington Post
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MarketWatch Headlines
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MarketWatch Headlines
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Autocar
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This could represent a risk to lenders if accompanied by weaker underwriting standards”. It also announced that it would be more closely monitoring lendersassessments before offering the policies. As new car registrations continue to break new ground in the UK, PCP deals have come to the fore as the main car buying method. Sceptics have doubts about the longevity and sustainability of the growth, as well as the longer-term impact on the used market of the flood of three-year-old used PCP cars, because bigger-selling models depreciate quicker due to the higher number of used examples already on the market. The Society of Motor Manufacturers and Traders' director of communications and international, Tamzen Isacsson, said: “Finance offers an affordable and flexible way for motorists to buy a new car, with fixed monthly payments and APR that are generally lower than for personal loans.
The Event Chronicle
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Fitch Ratings Inc. talked about these recent developments in their latest report : Fitch expects that deteriorating credit performance will be more acute in the subprime segment, driven to some extent by the expansion of less-tenured independent auto finance companies that have demonstrated higher-risk appetites and less underwriting disciplineNADA’s Used Vehicle Price Index, which measures wholesale prices of used vehicles up to eight years old, declined over 6% in 2016 and was down 8% year over year through February 2017, marking the eighth consecutive monthly decline. Used vehicle prices were down 1.6% sequentially in February, reflecting the sharpest monthly decline for the index since November 2008 and a seasonal anomaly for February. Wells Fargo is one of the largest holders of subprime auto debt and recently took steps to limit their exposure when investors started to recognize the possible downside.