The Insurance Site

One of the main reasons people give for not having acquired their burial insurance policies is they do not have the time. This excuse is probably as good as any other excuse you might hear but in truth all excuses for not buying these insurance policies are lame. Buying these policies does not take a large amount of time and contrary to popular believe it does not take a lot of money in order for you to buy these policies. So, two of your best excuses have been blown out of the water.

The internet has made it possible for you to buy burial insurance coverage online. So the great excuse of not having the time to purchase the insurance is really gone. Read more…

A greater number of energy efficient cars will soon be produced in China.According to a joint statement issued by General Motors and the Shanghai Automotive Industry Corporation, the automakers recently came to an agreement to build a new electric vehicle in China. The Pan Asia Technical Automotive Center—built by GM and SAIC in Shanghai—will serve as the manufacturing site for which the new model will be built.”The co-development of this new electric vehicle architecture demonstrates the broad range of benefits made possible by the strong partnership between SAIC and GM,” said Tim Lee, president of GM International Operations. “Fo

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The Washington Post: Democrats Lobby Against Any Broader Exceptions To Contraceptive Coverage Democratic lawmakers, fearful that President Obama is on the verge of significantly diluting a proposed regulation that would give millions of women access to birth control without out-of-pocket insurance charges, are furiously lobbying the White House to hold the line (Aizenman, 11/22).

CQ HealthBeat: Democrats Try To Ward Off Changes To Exemptions For Birth Control Coverage A group of House Democrats asked President Obama to oppose expanding an exemption that allows religious groups to opt out of providing free contraceptive services through their employee health plans.

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Premiums for employer-sponsored family health insurance increased by 50 percent from 2003 to 2010, and the annual amount that employees pay toward their insurance increased by 63 percent as businesses required employees to contribute a greater share, according to a new Commonwealth Fund report that examines state trends in health insurance costs. The report finds that health insurance costs are outpacing income growth in every state in the country. At the same time, premiums are buying less protective coverage: per-person deductibles doubled for employees working for large as well as small firms over the same time period. Read more…

A study conducted by FirstBest Systems, Inc. has shown that the majority of insurance agents and carriers either want or already use a tablet computer, and that virtually all of them have a minimum of one smartphone, and that they all want to have convenient information access, to be able to be able to perform tasks of a time sensitive nature quickly and easily, and to offer superior service no matter where they are or what time it is.

FirstBest performed the Mobile Technology for Insurance Survey while taking part in the Market Scout Entrepreneurial Insurance Symposium, which occurred in Dallas, Texas, in September of this year.

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Choosing the right auto insurance starts with understanding your needs and wants perfectly. There are a number of auto insurance basics you need to understand in order to be able to select the right car insurance policy to purchase. In this part, we are going to focus more on the two main types of coverage offered by all car insurance.

The first type of coverage is the collision coverage. This is the insurance coverage that protects you against financial risks when you are involved in an accident. Damages to your car as well as any personal injury you might have are covered by the auto insurance policy.

The second basic coverage is the comprehensive coverage. Read more…

Variable annuity (VA) sales rose 16% in the third quarter, totaling $40.2 billion, according to the LIMRA’s third quarter 2011 U.S. Individual Annuities Sales survey.

The survey, representing data from 94% of the market, showed that VA sales have grown for six consecutive quarters, with every quarter in 2011 showing double-digit increases over the same period in the prior year.

“While third quarter VA sales were 2% lower than second quarter results, VAs performed significantly better than the market, which was down 15%,” said Joseph Montminy, assistant vice president for LIMRA’s annuity research. “The equi

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