Insurance Center

According to the Society of Actuaries, alcohol abuse may take off anywhere from 10 to 15 years of your life. But did you know it can also raise your life insurance premiums?

Most people would like to find cheap health insurance. Here are some tips:

Opt for a higher deductible to reduce the premium for your health insurance plan.

Decrease the premiums of your health insurance plan by joining an HMO. HMO's provide a health insurance plan that is cheaper than the normal health insurance plans, but there are restrictions with regard to hospitals and medical professionals.

People generally start to see cheaper car insurance premiums after they reach the age of 25. This is sometimes referred to as a “magic age” in terms of car cover, and companies believe drivers above this age deserve a lower cost because they are past the early stages of driving when they might be more inclined to drive irresponsibly or without full attention.

Worker’s Compensation Claims Fall During Recession

LAS VEGAS –
At a seminar for ratemaking and product management held in Las Vegas held by the Casualty Actuarial Society (CAS), those attending were told that the economic and financial downturn will have a varied impact on the workers compensation insurance market.
The chief economist of the National Council on Compensation Insurance (NCCI), Harry Shuford, who served both as a session moderator and panelist, stated that recessions tend to place reduced pressure on the exposure of workers compensation programs.