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Tag: Insurance

There are some snags in free COBRA health insurance for unemployed. Here’s what you need to know

Finance
HRAUNLinda, a lawyer from California who was laid off from her job in January, is like millions of others in the Covid pandemic who are living without health insurance.But she discovered that the government would fully subsidize her COBRA health insurance premiums from April until September, thanks to a provision in the latest stimulus package. She immediately contacted her insurer to sign up. Linda (she asked not to use her full name) was eager to go to the doctor after contracting a painful urinary tract infection this month, which she feared could spread to her kidneys.The rules in the $ 1.9 trillion relief bill passed in March seemed straightforward enough: The government would pay for people's COBRA premiums for six months beginning on April 1. COBRA, or the Consolidated Omnibus Budg...
IRDAI issues draft guidelines on trade credit insurance

IRDAI issues draft guidelines on trade credit insurance

Finance
IRDAI on Wednesday proposed a regulatory framework to facilitate general insurance companies to offer trade credit insurance covers to suppliers as well as licensed banks and other financial institutions to help businesses manage country risk. Trade credit insurance protects businesses against the risk of non-payment for goods and services by buyers. It usually covers a portfolio of buyers and indemnifies an agreed percentage of an invoice or invoices that remain unpaid as a result of protracted default, insolvency / bankruptcy. Based on the recommendations of a working group on revisiting guidelines on trade credit insurance, the Insurance Regulatory and Development Authority of India (IRDAI) has now come up with draft guidelines on trade credit insurance. IRDAI said the proposed guidel...

Wrecks, DUIs and low credit scores: Here’s how much they can drive up the cost of your car insurance

Finance
Pamela Moore | iStock | Getty Images PlusAh, the joys of the open road and carefree driving, until something happens that makes it cost even more. There are events — i.e., accidents, arrests for driving under the influence, a lapse in coverage — that can drive up the cost of your car insurance. By how much? It depends on a variety of factors, including where you live and the infraction or circumstance that causes the premium to spike."Drivers in certain parts of the country are paying considerably more for their auto insurance, especially after certain life events," said certified financial planner Stephen Kates, insurance analyst for Bankrate.More from Personal Finance:Here’s what post-pandemic travel might look likeHow much you need to earn to afford a houseTax-refund scam targets c...
Biden to talk up health insurance cost cuts in visit to Ohio

Biden to talk up health insurance cost cuts in visit to Ohio

Health
President Joe Biden is going to Ohio to showcase health insurance cost cuts at what may be the best time for Democrats to talk up the Affordable Care Act since it became lawBy ALEXANDRA JAFFE and RICARDO ALONSO-ZALDIVAR Associated PressMarch 23, 2021, 4:59 AM• 4 min readShare to FacebookShare to TwitterEmail this articleWASHINGTON -- President Joe Biden will showcase health insurance cost cuts in a speech in Ohio Tuesday during what may be the best time for Democrats to talk up the Affordable Care Act since it became law.Biden's COVID-19 relief bill pumps up “Obamacare” premium subsidies to address longstanding problems of affordability, particularly for people with solid middle-class incomes. More taxpayer assistance means, in effect, that consumers who buy their own policies through ...
New vaccine has in-built ‘insurance’ against coronavirus mutations

New vaccine has in-built ‘insurance’ against coronavirus mutations

Technology
UK scientists are developing a COVID vaccine with an in-built insurance against mutations in the virus.The jab, being developed at the University of Nottingham, should still be effective even if a new variant evolves that knocks out other vaccines. The prototype has already passed pre-clinical tests and will start trials in volunteers within weeks. Image: The jab has in-built insurance against mutations in the virus Professor Lindy Durrant, an immunologist at the university and head of the spin-off company ScanCell, said the next generation of vaccines needs to be better prepared to tackle the virus as it "learns" to evade the immune system."What has happened was predictable," she exclusively told Sky News. ...