Why a Bipartisan Approach to Disaster Recovery Does Not Work

FBChristchurch, New Zealand 2016. I still live in a city where truths so often do not make it through the gridlocked gauntlet of publishing. I live in a city where so much of what should be being discussed is not being discussed. I live in a city where the politicians who are supposed to be speaking for the people seem to have lost their voices. I live in a city where many are still suffering while most sit back and watch. I still feel anger, disappointment and frustration that after five years the government is silent, the media is silent, the regulators are silent and in the main so is the affected population.

I watch and wait as ‘Christchurch’ has become the on-going saga about an unprecedented catastrophe, with an affected population largely left to wallow in its own misery. After years of being involved in Christchurch what emerges is a story of a very sorry state of affairs, a story of incompetence, dishonesty, professional vested interests, cynical corporate greed and government complicity and self-service.

On top of that we have an insurance industry left to

What Is Demand Surge And Its Implications For Policyholders?

vDemand surge is defined as the demand for products and services exceeding the regional capacity to efficiently supply them. This phenomenon is relevant for both Christchurch post earthquakes, and for the east coast of the USA post Hurricane Sandy. It is a common phenomenon around the world, post natural disaster. Demand surge is relevant to all affected policyholders in that the need for disaster relief and recovery supplies increases dramatically due to shortages and increased demand, forcing the cost of these goods upward as people rebuild. Post disaster insurance dollars pour into the affected region, but rebuilding is limited by materials and worker shortages. These in turn lead to rising wages and sometimes very substantial material price increases. Construction materials and costs (e.g. steel, timber, cement, building materials such as gib) are usually the most visibly effected by demand surge but energy prices for oil and gas may also rise.

Around the world demand surge post disaster can be seen whether the disaster is a result of flooding, windstorm, hurricane or earthquake. It is clear that the equilibrium of demand and supply becomes unbalanced. Examples

Fundamentals of Personal Auto Insurance

aockPersonal auto insurance helps you drive peacefully and protects you from the financial loss in case of an accident. It is an agreement between the insurance company and the insurer who pays the premium for the future losses as per the policy. Personal auto insurance provides property, medical, and liability insurance.

Property coverage pays for the damage or theft of your car, medical covers the costs of treating injuries. While, liability coverage pays for the bodily injury or property damage. The main purpose of the insurance policy covering loss of an accident whether or not caused by you.

Why Do You Need Personal Auto Insurance?

Issuance of personal auto insurance is mandatory in almost every State. If drivers do not have this type of policy they are liable to pay fines. This policy saves you from getting bankrupt and minimizes the risk of losses.

Fundamental Coverage by Personal Auto Insurance

Personal auto insurance mainly covers six basic coverages areas.

1. Bodily Injury Liability

This type of coverage applies when you or the designated driver injures someone else. It is necessary to have enough liability coverage in this case because the severity

The Three Most Common Types of Insurance

SBThere are many insurance plans available to offer coverage for various sorts of damage or accidents. All families should have at least one of these three.

Types of Homeowners Policies

Homeowner’s insurance falls under one of six categories. HO-1 and HO-2, as they are more commonly known, cover only the property against specifically listed damage. These policies vary as to what damage is covered, and neither protects belongings located on the property. HO-2 forms offer more coverage than an HO-1.

HO-3 protects against all types of damage, not just specifically listed damage. It also protects a select list of belongings located within the structure from specific damage.

HO-4 and HO-6 cover only belongings. Renters use these policies as the landlord or management company holds coverage on the dwelling. As with HO-1 and HO-2, HO-6 offers greater protection than HO-4 and is more expensive.

HO-5 is similar to HO-3 in that it covers the property as well as personal belongings. The difference is that HO-5 covers all belongings, not just a set few. It is also more costly than some of the others, but it is worth it.

Types of Medical

8 Great Ways to Save on Car Insurance

DSBCar insurance will vary depending on things such as your driving history, your location, the cost of your vehicle, and the gap between your coverages. The right policy is as important to owning a vehicle as regular maintenance. If you happen to get into an accident without an active policy, you are at risk of paying millions in damages. Even a $5,000 penalty could be detrimental to some individuals and families. This is why choosing the right company is crucial for your legal, financial, and personal well-being. Now that we all know why we need car insurance, we need to know what are some important ways to save.

Eight Smart Ways to Save

1. Compare Policy Rates

Prices differ significantly from company to company. Take the time to explore as many options as you can before deciding on one.

2. Choose the Higher Deductible

If you can afford it, choose the higher deductible and pay less each month for coverage. A deductible is the amount you have to pay before your provider will cover the rest of your bill. A higher deductible can significantly lower your monthly bill.

3. Consider

Sleeping With the Enemy Might Be The Only Way to Save Personal Lines Insurance

SBThe last decade has brought tumultuous changes to the insurance industry and especially to the way insurance is sold. We now find ourselves in a world where insurers have become some of the top spending advertisers in the country with Progressive coming at #22 and Uncle Warren’s Geico at #5. Each of those insurers individually spent more on advertising than perennial television spender, Budweiser, who finishes the list at #25. All of this ad spending is working and last year Geico passed Allstate to become the second biggest auto insurer in the country.

This deluge of advertising has been largely focused on price, and it is no secret that it has convinced the average consumer that personal lines insurance is a commodity where the only thing that matters is finding the lowest price. Many analysts such as McKinsey and Nomura Equity Research have declared that insurance is now a commodity. Those of us who work in the industry understand that this is simply not true. Personal lines insurance is not by any means a commodity that ought to be bought on price alone. Personally, we

How to Get Even More Power to Your Existing Insurance Policy

Though you might not be aware of it, standard Homeowners insurance policies – as well as auto, boat and business coverage – are limited. The gap in coverage is why when damages or losses occur, you may be submitting a claim that will not compensate to the full extent you expect. For this reason, many opt for buying an affordable personal policy.

The Ins and Outs of a Personal Umbrella Policy

Because more than eighty percent of umbrella liability claims are in relation to car accidents, any driver could face catastrophic losses without it. Envision the following true-to-life risk examples.

• A sixteen year old boy drove his father’s car. He did not see the stop sign at the corner and crashed head on to another automobile. The other driver incurred severe injury to his back.

• A woman worked overtime for two weeks due to an overload of work. She was so tired when she drove home one evening that she fell asleep at the wheel causing her car to veer off the lane onto the oncoming traffic lane. A car saw the woman’s car coming at him and swerved to avoid a crash. The other driver’s car rammed into the store

Insurance Adjuster – What Do They Do?

ADVAn insurance adjuster has many jobs, but the main one is to find out for the policy holder what the exact compensation is going to be paid to them. Today, insurance is a very broad field with many different types of insurance with each one having their own rules, financial aspects, and specific policies. Being an insurance adjuster is a field that is in high demand. They generally will provide their services in insurance companies that are considered big property-liability. Some work in insurance agencies and banks. Their primary responsibility is to fix and finalize the amount of the claim that is to be paid to the policy holder, but some may work in the fields of car accidents, property damage, or for those that are injured in other accidents.

In insurance claims, the customer has lost their property and goods in the event of theft, accidents, fire, and more. The insurance adjuster will visit the customer who have the claim, known as the claimant. It is the adjuster’s job to get all the details of the incident. If it is an accident the adjuster

Understand Your Insurance Needs and Options

VFinding the right insurance policy can be a difficult task. Whether you are looking for an auto, homeowner, life, or business policy, there are many different factors that can determine whether any given policy fits your needs. Looking at the different categories and particularities of each policy can help you make an informed decision.


Auto policies cover both commercial and non-commercial drivers. Finding the cheapest plan is unlikely to save you much in the case of an accident. On the other hand, the best coverage will carry a much higher monthly premium. Plans become cheaper as you age, and some companies provide financial benefits for good driving. For example, some companies will offer a discount in return for placing a recording device in the vehicle. This can be a good option for cautious drivers who need to save money. The DMV recommends checking with at least three companies before choosing a plan that fits your specific needs.


Learning about the location and history of your house will play a large part in deciding what sort of coverage you need. You can also look for companies that

The Proper Way to Save Money on Auto Insurance

dvSaving money on your auto insurance and getting a good value for your premium dollar is not the same as getting “cheap” insurance. Believe me, there are differences between insurance carriers and there is plenty of “cheap” insurance out there. That does not mean you will have the coverage you expect when the worst happens and you need it most! There are however several ways to reduce your premiums. Let’s explore a few that might be beneficial to you:

Take physical damage coverage off your older vehicle. If you carry “Comprehensive” and “Collision” coverage on a vehicle that is over 10 years old, go to the websites for NADA or Kelly Blue Book and check out the vehicles current market value. You may be surprised to learn that you’re spending hundreds of dollars per year for coverage on a vehicle where the return on a total loss may not be a cost- effective investment. Be sure to add however a coverage called “UMPD” that will give you coverage for the market value of your vehicle if it becomes a total loss when in an accident

How to Drive Safe in the Rain and Avoid Insurance Liability

S“Rain, rain, go away; come back another day!” “April showers bring May flowers.”

Some people love the rain, while some folks just can’t seem to come to terms with it. Whether you appreciate the rain or not, rainfalls are something that any car, truck or motorcycle driver has to contend with – especially during this particular juncture of the year. Not just something sent down from the heavens to challenge you with an inconvenience, the rain places you at risk for an accident. Regardless of whether you are the one responsible for liability or not, an auto collision is far from a pleasant experience whether it’s only a matter of submitting a claim for standard damage coverage or dealing with serious consequences of related injury (or even death) and lawsuits.

Follow these tips from the leading insurance companies to safely drive your way through the wildest of raindrops and wet inclement weather.

• Prior to setting out on your commute from home or business, confirm that your vehicle registration as well as auto insurance is not expired. It’s a good idea to also review your policy

Technology, Discounts, Customer Education to Drive Telematics Auto Insurance

sdvInsurers are recognizing the importance of discounts to penetrate U.S. and Canadian markets. But this calls for the combination of product features.

Something seriously required in favor of the auto insurance policy holders in United States of America and Canada. UBI adoption is growing at a frenetic pace in North America according to the figures released by BI Research. Market watchers are keenly observing the growth of auto insurance and the factors that can pose challenges to auto insurance industry. Figures depict a rosy picture. Telematics based auto insurance growth rose from 4.1% in 2015 to 6% in 2016 in North America. The growth is pegged at 19.2% in 2019. What is the role of telematics expertise in expanding market reach? Can discounts increase the subscriber base? Is there any pitfall? Let us explore.

Insurers are constantly on the lookout for cost effective ways of doing business with telematics. But convincing policy holders seem to be their challenge. Yesterday’s know how is passe with newer and sophisticated knowledge developing on ICT front. Data collection and customer engagement hold the key for success in the wired world

SR 50 Insurance – What You Need To Know

vAuto insurance rules and regulations are quite similar in most places. The SR-50 policy however makes the Indiana State very unique. This is an affidavit that is used to validate driver compliance with financial responsibility mandates in the state of Indiana. Important to note is that the SR-50 is not in any way an insurance policy; it is rather a certificate that is issued by insurance carriers and sent to the Bureau of Motor Vehicles (BMV) as proof that you, the driver, have a valid insurance policy in place.

The affidavit contains important information such as the name of the driver and driving license number of insured parties. It also has the policy’s start date and expiration dates. Unlike the SR 22 that verifies coverage for a specific period, the SR-50 verifies coverage on a specific date. This form shows that you carry minimum insurance required by the state to cover you in case of an accident. If you are a car owner, you are required to attach this form to your regular auto insurance policy but you can also attach the filing to a

Theory of Selecting Car Insurance

vSelecting the right car insurance requires the similar effort as selecting the car itself. While selecting a car the market research starts months prior and one test drives almost all the cars falling in one’s budget range. But the enthusiasm drops significantly when buying insurance for that priced possession. Many people in India still consider car insurance as a statutory obligation and settle for any run in the mill insurance policy or go for popular insurance company names rather than understanding what all things their policy covers.

The process to compare cars plans is very significant from saving upon premium as well as getting better plan features perspectives. In case of car insurance it is said that one must compare plans of at least three insurance companies. The more the merrier philosophy holds true in this case. Inviting quotes from a big number of companies always works in favor of the buyer as it helps plucking out the cheapest plan in the market.

A comprehensive car insurance policy covers the owner’s damages as well as the damages of the third parties who suffer loss due to

Most Affordable Vehicle to Insure

sdvvReports by renowned publications like Forbes ranks 2015 Wrangler Sports Jeep as the car with the lowest average yearly insurance rate in The United States. According to research by some online research team, the same car also ranked as the car with the cheapest insurance rate. The study conducted by Forbes was carried out on a middle-aged driver who goes on an average drive of 12 miles daily.

The annual cost was averagely about $1,135; which is about $100 monthly. This is, of course, good news for owners of this model that is fun to drive. For prospective buyers who are still contemplating whether or not to acquire the 2015 Wrangler Sports Jeep, these incredible rates are good enough to convince them to go for the brand. All over the US, Maine had the lowest prices for the brand model with an annual bill of about $700, which translates to less than $60 monthly as the premium for a new car. A lot of consumers will appreciate this rate as a result of the recent rise in insurance rates.

Jeeps like Patriots and some other brands

Classic Car Insurance and More Tidbits

sdFunny, isn’t it – how an old car is only attractive if it’s considered antique or classic? For the classic auto enthusiast, the interest is more than a simple hobby. For most, it’s a passion that perhaps even supersedes the passion of an ATV, motorcycle, truck or even boat owner. It’s a pastime that involves homeowners, renters, landlords – and the full spectrum of society.

To this type of auto fan, it becomes an obsession that should flood his or her free moments – especially weekend time. So, for all of you that insurance companies write policies for – this is for you and your wonderful craze!

Exceptional Fun Facts for the Antique and Classic Car Lover

• Do you know the difference between the automobile term, horseless carriage, and the term vintage car? A horseless carriage is in reference to the antique cars that went public from 1896 to 1915 and a vintage car refers to cars made between the years 1916 and 1925.

• See if you can guess this one! How many Barracuda convertible cars were produced in all? The grand total will set

Best Vehicle Insurance Coverage

svIt is a legal obligation of every vehicle owner to have at least state liability insurance. This is applicable in all states except New Hampshire because of its delay in passing the insurance requirement laws for drivers in the state. However, there are some confusing laws like the R-S-A 264:3 statutes that suspend your driving license and registration if your car is uninsured and you are involved in an at-fault accident.

On the other hand, as a resident of the other 49 states which accommodate more than 99% of the population of the United States, you must get an insurance policy or face legal implications that can financially cripple you. It will, therefore, be wiser to obtain the best affordable vehicle insurance coverage for complete coverage, to satisfy your state’s insurance specifications, as well as a good match for your budget. Here is a summary of the basic types of vehicle insurance

Vehicle Liability Insurance

This basic type of car insurance covers you or another insured driver on your policy, in case an at-fault vehicle accident occurs, this will compensate for the cost or the bodily

Is Contract Hire Gap Insurance a Gimmick or A Real Must Have for Any Owner?

egTraditionally buying a new business or personal vehicle is expensive. Contract hire and lease packages had made affording a new vehicle easier than ever. The no-nonsense simplicity of the package as well as the sheer flexibility means that it is quickly becoming one of the nations favorite ways of funding a vehicle purchase.

This attraction is now not only limited to the business world, instead growing numbers of the public all keen to take advantage of the low commitment and low initial outlay that the package offers.

So is contract hire gap insurance honestly worth buying? Will it actually work and do you really need it?

The Financial Conduct Authority are keen to promote a transparent finance and insurance market. A financial market in which the public can have confidence in, safe in the knowledge that financial services will do as they expect during the life time of their policy and offer real benefits.

So will contract hire gap insurance be able to stand the test of time and live up to the expectations of the market?

Many contract hire owners are now blissfully unaware that if their vehicle

Underwriting Auto Policies

dvIt is the most affordable type of auto insurance, yet it complies with state’s regulations. All optional coverage for example Rental Reimbursement and Roadside Assistance are not in the policy to reduce the premium without losing the necessary protections.

Standard and Non-Standard Insurance Market

There are two different types of insurance markets including standard and non-standard markets. The former is the typical auto insurance for drivers with little to zero traffic tickets in the driving records. Insurance companies regard consumers of this market as low-risk drivers. Non-standard is for drivers who have major traffic violations histories such as speeding or DUI. For these drivers, acquiring auto insurance from the standard market can be difficult due to strict approval requirements by providers.

Standard market insurers are reluctant to provide policies because of the following reasons:

· High-risk drivers have tendencies to commit the same traffic violations

· There is a chance that the insurer must pay a considerable amount of compensation for repeated violation

· Some drivers get their high-risk status because of policy cancellation from the previous company as a result of frequent late payment

Non-standard market insurance consumers or

Traffic Tickets Affect Insurance Rates

sdvTo keep the premium rates affordable, you must focus on safe driving

Insurance companies want to provide coverage because they basically think you are worth protecting. For them, there are generally two types of customers: safe-driver (which is the preferred class) and high-risk driver. Each type receives different treatments as the former has the bigger advantages such as discounts and generally cheaper rates. On the other hand, providing coverage for high-risk drivers is quite risky; insurers think that those drivers have tendencies to get involved in accidents. Based on this assumption, high-risk drivers will have to pay more without discounts and other good benefits. You are categorized as either safe or high risk type based on DMV’s data concerning driving records. Traffic offenses such as speeding, reckless driving, or driving while intoxicated are some of most important violations which will adversely affect your premium. Not wearing seat-belt is probably a minor one, which can be dismissed from the record after paying fines, will probably never affect anything. You can actually figure out whether you are in the “safe-driver” or “high-risk” category by using car insurance