Top 5 Reasons Not to Have an Estate Plan

We often hear many reasons why people do not have an estate plan or why they are putting off creating their estate plan.

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Here are the top five reasons why people don’t have an estate plan (and why these reasons shouldn’t prevent you from doing your estate plan today):

  1. I don’t have enough money, property, etc. Estate planning is not just about assets. Estate planning is a way to protect
4 min read

California’s insurance market wobbles as two major companies pull out over wildfire risks and construction costs

Two insurance industry giants have pulled back from California’s home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation’s most popular state.

State Farm announced last week it would stop accepting applications for all business and personal lines of property and casualty insurance, citing inflation, a challenging reinsurance market and “rapidly growing catastrophe exposure.” The decision did not impact personal auto insurance.

“We take seriously our responsibility to manage risk,” State Farm said. “It’s necessary to take these actions now to improve the company’s financial strength.”

Allstate,

5 min read

Thousands of Georgians looking for new health insurance coverage

Friday Health Plans announced this week it is winding down operations in the seven states where it operates, because it is stretched for cash.

ATLANTA — The Georgia Insurance Commissioner’s Office has shut down a health insurance company in the state, leaving tens of thousands of people looking for new coverage.

Friday Health Plans announced this week it is winding down operations in the seven states where it operates, because it is stretched for cash.

Heather Romanowski is one of the nearly 37,000 Georgians who now have until July 31 to find a new insurance company.

“(I’m feeling) panic,” she

3 min read

Rising Mental Health Demands Require an Innovative Insurance Model | National Business

LOS ANGELES–(BUSINESS WIRE)–May 17, 2023–

Sidecar Health consumer driven health plans offer robust major medical coverage with first of its kind access and no network restrictions or prior authorizations. In honor of Metal Health Awareness month, the company published an article on how a new approach to health insurance can help nearly 20% of adults experiencing mental illness get access to care.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230516006064/en/

Rising mental health demands require an innovative insurance model (Graphic: Business Wire)

As the need for mental health treatment continues to rise, the gap between providers and

4 min read

Consequences of Traveling Without Health Insurance – This Tiktoker Learned Them the Hard Way

TikToker Kaleah Salmon was on a skiing trip in the French Alps when she learned the consequences of traveling without travel health insurance the hard way.

On one of the days, the Salmon woke up with her face fully swollen and had to rush to the doctors immediately who were struggling to find out what she had.

She later shared a video on the experience on her TikTok account, which has 10.1k followers. The video immediately went viral, reaching an audience of 5.3 million viewers, reports SchengenVisaInfo.com.

Everyone: You should really get travel health insurance. Me: Well, I’m healthy,

3 min read

Pet Insurance Market is Booming Worldwide with Embrace, Healthy

Pet Insurance Market

Pet Insurance Market

According to HTF Market Intelligence, the Global Pet Insurance market to witness a CAGR of 16.2% during the forecast period (2023-2029). The Latest Released Pet Insurance Market Research assesses the future growth potential of the Pet Insurance market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyzes the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Pet

7 min read

Can Your Practice Afford a Data Breach?

Probably not.

A recent study found that the total average cost of a healthcare breach is $10.10 million.

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Can your healthcare practice afford a breach? Most healthcare entities cannot.

Since 2020, healthcare breach costs have risen by 42%.

As we know healthcare breaches are incessant, it is important to understand trends.

The trends that have emerged over the past few years are:

  1. Repeat attacks. Many healthcare entities have
3 min read

FAIR Health Elects Christina Severin and Grace Wong to Board of Directors

Published: Apr. 27, 2023 at 7:36 AM CDT|Updated: 16 hours ago

New Directors Bring Fresh Perspectives to Leading, Independent Healthcare Data Organization

NEW YORK, April 27, 2023 /PRNewswire/ — FAIR Health, Inc., has been elected Christina Severin and Grace Wong to its Board of Directors. A national, independent, non-profit organization dedicated to bringing transparency to healthcare costs and health insurance information, FAIR Health is governed by a Board consisting of leaders from all parts of the healthcare sector.

Ms. Severin is a leading healthcare executive with more than 25 years of experience and numerous accomplishments

6 min read