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We take out insurance to protect against unforeseen risks, but do you know what the biggest threat is to your holiday home?

Fire, theft, accidental damage, storms, subsidence? water is the biggest threat.

Nearly 1 in 5 claims made on buildings and contents insurance is for damage caused by escape of water, costing £2 million every day. Last year, 371,000 such claims were made with the average claim just under £2000, compared with £1,400 for burglary claims. However, some water damage claims can run into tens of thousands of pounds. *Source ABI.

Types of water damage risks

Unfortunately, too many property owners underestimate the distress and damage that water can cause. Wa

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Anthem Blue Cross and Blue Shield in Missouri have launched an enhanced Deductible Credit Programme on select individual health products including SmartSense and Premier.

By using deductible credit programme, entitled subscribers who have not met their health insurance deductible previous year can receive a credit, which they may apply to their deductible, thereby lowering expenses to be paid.

The programme automatically adds money into a Special Incentive Account when subscribers fails to meet their annual deductible, and grows that account to use for future medical costs.

Anthem Blue Cross and Blue Shield in Missouri president Steve Martenet said that the programme was ideal for individuals who rarely met their deductible, but wanted to be prepared for emergencies as well as an individual who would prefer to pay a higher deductible in order to have lower monthly premiums.

An amount equal to 20% of the deductible would be credited by Anthem into the subscriber’s account for the next calendar year when health care claims for one year are less than the deductible.

Martenet added that the firm will continue to focus on providing plan options such as Anthem’s Deductible Credit Program and make more tools available to help members better manage health and out-of-pocket costs.

Researchers from Mount Sinai School of Medicine have found that laws permitting children to stay on their parents’ health insurance through age 26 result in improved access to health care compared to states without those laws. This analysis indicates the potential positive impact of a key provision of the Patient Protection and Affordable Care Act of 2010 (ACA). The study appears in the March issue of the journal Pediatrics, the official journal of the American Academy of Pediatrics.

The ACA requires private insurance companies to support children on their parents’ policies through age 26. The Mount Sinai research team analyzed the U.S. Read more…

When it comes to buy car insurance, the very first question that pops into one’s mind is from whom? It is very well known that not all companies functions in a similar way. Each of them has their own rules and procedure. Some focus on customer service while the other is completely dedicated to sales. From a customer’s point of view, the company that lays stress on quality of its customer service and work with a goal to develop smooth claim processing system will be the best. So now we at least have the definition of a reputed car insurance company.

Then it comes to comparing again, but insurance companies this time. The

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Chartis Insurance, an international insurance group based in the U.S., has announced that it will be canceling the death and disability insurance policies of some 3,000 Australian soldiers serving in Afghanistan. The move is spurred by a shrinking insurance pool and a high rate of cancellations and payouts on claims. The company, which is a subsidiary of AIG, claims that the cancellations were necessary in order to continue providing benefits for holders of health policies. The problem, however, is that the Australian government is now left to handle the cost of these policies without assistance.

Last year, Chartis was the recipient of a $2.1 million grant from the Australian government.

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The Republican candidate’s campaigns continue. Rick Santorum has been declared the winner of the Minnesota primary, the Colorado non-binding caucus, and the Missouri “beauty contest”. Santorum spoke a lot about health insurance in his victory speech.

One of the reasons why it is important for a candidate to win a primary is because of the delegates. The candidate who wins a state primary will get the votes of the delegates of that state. This is important because eventually, the Republican party will have to select one of the many candidates who are running. It is the delegates who vote.

The Missouri primary is called a “beauty contest” because the state has not yet selected who its delegates will be.

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