Insurance
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Blog
What to Do If Homeowners Insurance Is Canceled
If your home has a mortgage, your bank requires you to carry some type of homeowners insurance, and you don’t want it to lapse for any reason, says CFA’s Heller. If it does, the bank will step in and assign a type of policy (called “forced place”) that will cost you about twice as much as regular homeowners insurance, but…
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Why Home Insurance Costs So Much—and How to Pay Less
If you want to hunt down the best value for your insurance dollar, comparison shopping is a good way to start. Companies’ judgments of you and your property won’t be identical, so you may get a more favorable price from one company than from another. Just make sure you’re comparing coverage apples to apples. Switching insurers is fairly common. Twenty-one…
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Insurance admin Landmark says data breach impacts 800,000 people
Insurance administrative services company Landmark Admin warns that a data breach impacts over 800,000 people from a May cyberattack. Landmark Admin is a third-party administrator for insurance companies, offering back-office services like new business processing and claims administration for large insurance carriers. Some insurance carriers working with Landmark Admin include American Monumental Life Insurance Company, Pellerin Life Insurance Company, American Benefit Life…
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Why You Need to File Your Homeowners Insurance Claim ASAP After a Disaster
In the aftermath of a disaster, especially one that has caused significant damage to your property and community, the prospect of dealing with your homeowners insurance may seem overwhelming. However, once you and your family are safe, you’ll want to begin working with your insurance company as quickly as possible to avoid delays in the approval, processing, and payout of…
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How FDIC Insurance for Business Accounts Works
The Federal Deposit Insurance Corporation (FDIC) ensures the safety of cash deposited in insured banks, providing a protection of up to $250,000 per account in the case of a bank failure. You may find yourself asking: What does the FDIC do? Beyond insuring the money held in accounts, the FDIC works to establish a sense of public trust, redundancy, and…
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Car Insurance Telematics Pros and Cons
Before signing up for a telematics program (or any program that collects your personal data), John Davisson, senior counsel and director of litigation at the Electronic Privacy Information Center, suggests looking closely at your insurer’s website to learn which data points the company collects and how that data is used. He also recommends calling the insurer to ask specific questions…
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What is Nord’s Identity Theft Insurance?
The internet is rife with cybercrime, and identity theft is one of the biggest dangers around, with the FTC receiving over 230,000 reports of identity theft in Q4 2023 alone. Hackers can steal personally identifiable information via phishing attacks and/or data breaches and use that to commit identity theft, which, in simple terms, implies stealing someone else’s identity to commit…
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Best Car Insurance Companies – Consumer Reports
A good car insurance policy should give you all the resources you need to get your life back on track if you’ve damaged your vehicle or injured yourself or others in a crash. A bad policy could leave you in the lurch when you’re at your most vulnerable. You don’t want to be chasing down payments from a hospital bed…
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How to Save Big on Your Car Insurance
Insurance companies offer several types of coverage to protect you financially when you’re involved in a crash. But the most important is liability coverage, which pays for costs related to the injury or death of passengers in another car as well as any damage to other vehicles and property if it’s determined that you were at fault in a crash.…
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Miami Gardens notifies residents of data breach that exposed SSNs, financial accounts, health insurance
The city of Miami Gardens, Florida this week notified an undisclosed number of people about a June 2024 data breach that compromised 80 GB of personal information including names, Social Security numbers, financial account numbers, health insurance info, and dates of birth. Ransomware group Meow claimed responsibility for the attack shortly after it occurred and demanded $500,000 in ransom. It…
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