Insurance Podcast Roundup – Week of January 23, 2012

Each and every week, you can check out the Insurance Podcast Roundup in order to find brand new episodes of podcasts that discuss insurance related topics. This is a good way to stay informed about any new changes that could affect your insurance policies. NPR has an episode of “All Things Considered” that was released on January 20, 2012. This episode is called “Administration Stands Firm on Birth Control Coverage”. This episode mentions that the Obama administration did not back down to a lobbying effort by the Catholic Church, in regards to the requirement that all health insurance plans must … Continue reading

Holly Madison Has Insurance for Her Breasts

Holly Madison has taken out a $1 million dollar insurance policy on her breasts through Lloyd’s of London. This isn’t the first time that a celebrity has purchased insurance on a body part that they feel is intrinsically helpful to their career. It also isn’t the first time Lloyd’s of London has sold this type of speciality insurance policy. Today, I noticed that google news had several articles that talked about the insurance policy that Holly Madison has purchased. I honestly had no idea who this celebrity was, so I did a little research. It seems that she is someone … Continue reading

Million-Dollar Legs: Body-Part Insurance

Betty Grable was known as the “Girl with the Million-Dollar Legs” because that’s what Fox Studios requested from Lloyd’s of London for the Body-Parts insurance policy. Grable was once quoted to have said, “There are two reasons why I am successful in show business and I am standing on both of them.” Grable knew her legs were something to be admired. Most ordinary people wouldn’t need this type of insurance, but those who have careers based on their appearance or performance might need body-part insurance coverage. There are rumors that Jennifer Lopez insures her rear-end for a billion-bucks, although she … Continue reading

Insurance Blog Week In Review March 1- 5, 2007

Insurance Term Of The Week: The Insurance Application I am surviving surgery and getting back to the keyboard. It’s amazing how much control insurance companies have over the amount and type of medical treatment and care a person receives. I have always been confused when my doctors tell me they would like me to stay another day in the hospital, but because I am doing so well insurance won’t approve another day. The better a patient does, the less time they should need in the care of the hospital. There are of course always, exceptions to the rules and ways … Continue reading

What is an Insurance Actuary?

Life is filled with uncertainty. We all face events that are unexpected and happen. “Risk” what is possible–those things that could be horrible–but, might actually happen to us. An Actuary is a person who is an expert in the following skills: Evaluates of the possibility that something horrible might happen in the future. Looks for simple, and creative ways to control, eliminate or reduce the odds of something horrible happening in the future. Finds methods to decrease the impact when something horrible does actually happen. Insurance serves one major function and that’s to help decrease the impact when something horrible … Continue reading

Insurance Blog Week In Review February 6-12, 2007

This week in the Insurance Blogs I have focused a bit on the Business of Insurance, including some of the Career paths insurance has to offer. Next week I will be expanding on some of interesting things a person might do with an Insurance License. I have also started a series of Blogs about shopping and quoting my own personal insurance portfolio. A project I have put off for far too long. Yesterday, we were given notice that my husbands employer is phasing out the retirement pension they offer. So, now we need to add retirement options to our personal … Continue reading

Insurance Careers: Entry Level

In the old days an “Entry Level” career position meant a person with a high school diploma could apply and expect a good chance for the opportunity to build a career from the bottom up. In the business world today “Entry Level” usually means after earning a college degree. This is true for the Business of Insurance, there are many careers that require a four-year college degree. However, there are still paths where talented and motivated high school graduates can work their way up. In the first part of this series, Insurance Careers I outlined the overall workforce and some … Continue reading

Insurance Careers: Part One

A career in the insurance industry might be something to consider. In 2004 an estimated 2.3 million people earned a wage or salary working in careers that support the Business of Insurance. Insurance companies offered 62 percent of jobs, and insurance agencies, brokerages, and other insurance providers and insurance-related services made up the balance of 38 percent of jobs. The insurance industry also offered nearly 151,000 workers to be self-employed during 2004. The majority of these careers were mostly insurance agents. Insurance companies generally employ 250 or more workers and tend to have home or regional offices located in or … Continue reading

More About the Business of Insurance.

In the first Blog about The Business of Insurance I covered the basic outline of what the Insurance Industry is about. In this Blog I want to talk about what an Insurance Company does to determine premium and what they do with the premiums we pay. An insurance company accepts the risks associated with the contract policy a customer requests. Based on the information a customer provides, and the underwriting conditions a premium is established for the cost of the contract policy. When the insurance policy is issued a declaration will be sent to the customer. In the declaration the … Continue reading

Money Can be a Problem for Marriage

Money problems are one of the oldest and most difficult problems that confront married couples whether they have been married for five days, five months or five years. So deciding how money is going to be handled is among the most difficult decisions and one where all the guidance in the world does not provide a sure-fire formula for what will work. There is a great book on the subject called Financial Planning for Couples by Adriane G. Berg. Berg makes the observation that a couple will know what feels fair. If it feels fair – then it’s right. Joint … Continue reading