The Pros and Cons of Private Health Insurance

Private insurance is defined as that sort of protection that against a payment performed on regular basis can offer coverage for the cases when you become sick and need medical care. Health insurance includes in its turn different types of insurance that are based on various situations that might occur in everyone’s life. These types are accident insurances, medical expense insurance, disability income insurance, and accidental death and dismemberment insurances as well.

When you proceed into signing the policy you should first of all make sure that you have a total comprehension of the benefits’ section that bring with it. Also confront these benefits with your needs and in case there is something that is not covered take note and inquire further. Pay attention as well to the way the health insurance policy is put into words. There can be cases when the agent can hide the exclusions of coverage within the mere usage and definition of words. For instance, the term ’emergency’ may be defined by the insurance carrier as something that is not necessarily related to a life threatening condition which can not be cured by your regular physician. While for you, this term can have another meaning, something that requires a quick medical assistance. In this situation there is clearly a conflict between the ways this term is perceived. For instance if you seek medical care for an emergency situation like you have just broken your arm, then the health insurance policy won’t cover the procedures, as for the insurer and the policy they have concluded a broken arm is not a life threatening health issue.

You must always pay close attention before signing a policy, much attention being granted especially for the following keywords: medically necessary accidental injury experimental or investigational pre certification pre-existing condition, medical emergency, customary and reasonable.These words and as well any other words are susceptible of being double interpreted may be taken without awareness. Ask the agent how they define these terms in the context of the health insurance plan they offer.

Last, but not least, look for the section that relates to the procedures that one must follow when claiming for coverage. These conditions are most of the times worded in positive notes, but read them carefully and whenever something is unclear do not hesitate to call the health agent for more clarifying. The health insurance contracts are plenty therefore you must proceed into price comparisons and terms and conditions of each of the health insurance policy you find suitable for your needs. Do not forget to compare exclusions if you want to find a good health insurance plan for both you and your family.

Basic Suggestions For The Greatest Payday Cash Loans

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Pay day loans can be quite a great solution when you are having difficulty financially. Enjoy it or not, the planet involves funds. Nonetheless, you need to realize how they work before applying to them. In this article you will discover tips that can make help you know the procedure and ensure you are dealing with a great company with a good cost.

Think about how much you genuinely want the funds that you will be considering borrowing. If it is something that could wait until you have the cash to acquire, put it off of. You will likely discover that online payday loans will not be an affordable method to get a large Television set for the football online game. Limit your credit through these lenders to crisis scenarios.

Make sure to inquire if there are any concealed service fees. There is not any indignity in inquiring directed questions. You will have a right to learn about each of the charges involved. You might think that you need to pay greater than you must when you are not aware of these service fees. Discover everything you can upfront.

If you do not have adequate resources on your verify to repay the loan, a pay day loan organization will motivate you to roll the exact amount over. This only is perfect for the pay day loan firm. You are going to wind up capturing on your own and not having the capability to pay off the financing.

Generally ask about any concealed service fees related to payday cash loans. You won’t determine if you don’t ask. Most of the time, folks wind up not understanding all of the service fees and have to pay rear a lot more chances are they initially thought. It can be with your fascination to protect yourself from these stumbling blocks. Read every little thing and query it before you sign.

Pay day loans is one fast method to entry income. Do not join a cash advance unless you fully understand the conditions. The interest and service fees are often fairly higher therefore it can make it tough to shell out them back.

Be sure there exists ample profit the lender that you can repay the loans. Should you not get in to renegotiate, the pay day loan business will endeavour to accept the due volume out of your bank account. You will definitely get NSF charges through your lender, and you then will need to pay them dollars too. By making sure the amount of money is your money, it will be easy to maintain almost everything under control.

Enable acquiring a payday loan instruct you on a course. When you have properly paid back you personal loan, you could be mad that you simply invested a lot. You need to browse the fine print and get to know all the terms and conditions before taking a cash advance.

A fantastic hint for all those hunting to get a payday loan, would be to prevent looking for multiple personal loans simultaneously. It will not only ensure it is more challenging that you should pay out every one of them again by your next income, but other companies will know if you have requested other financial loans.

Check with exactly what the rate of interest of your cash advance is going to be. This is important, since this is the total amount you will need to pay out in addition to the amount of money you will be credit. You could even desire to research prices and receive the best interest rate you can. The lower amount you discover, the lower your full pay back will be.

Anytime you can, consider to acquire a pay day loan from a loan company personally instead of online. There are many suspect on the internet pay day loan loan companies who could just be stealing your hard earned money or personal information. Actual are living creditors tend to be more respected and ought to give a more secure purchase for you personally.

This article has with a little luck broadened your knowledge of payday loans. A pay day loan could possibly be the finest answer for you to get the financial enable you to will need, when you want it most. Use the details discussed on this page to choose that is perfect for you.

Toothbrushes more important to Aussie travellers than insurance

Australian travelers trust toothbrush packaging is more important than taking out insurance when heading abroad, according to new research that has stunned insurance.

Galaxy poll of more than 1,000 people found that only ten per insurance percent considered important trips, it ranked far behind the other must-haves” like money, clothes, toiletries, and credit cards.

Even more disturbing is the recognition by more than half of respondents (51 percent), they did not bother to take any insurance on an excursion into their last overseas.

The manager Allianz Global Assistance Head of Market Damien Arthur said the findings were alarming.


When you compare the cost of replacement toothbrush with a $ 2 fee to cover medical repatriation of US $ 85,000, it’s not in the same ballpark,” said Arthur.

I think there needs to be a bit more of a priority in people’s minds.”

He said to take out insurance tends to be a priority for people who are elderly they travel from home.

While places such as New Zealand and Indonesia has a relatively low level of travel insurance, visitors to the US a little more risk conscious, said Arthur.

Going to the US is a great trip for people so that they are more likely to take out insurance,” he said.

On the other side of New Zealand is considered the” destination for a reciprocal health agreement with Australia but people forget about things like cancellations and lost luggage.” low risk

Travellers heading overseas are advised to make insurance a priority. Picture: Getty Images/
Of all the claims submitted by visitors to the United States last year, 62 percent is for the rapidly rising cost of medical treatment if the hospital treatment involved.

Figures compiled by AGA shows the average cost of treatment for a broken leg in the US, is $ 18,000 to $ 35,000 and medical repatriation back to Australia could cost $ 85,000.

In Indonesia, lower bills, an average of $ 7,000 to $ 14,000 for a broken leg but is still much higher than the cost of a holiday in Bali.

In 2015, the average price of a travel insurance policy is $ 114.75,” said Arthur.

“This is a very small price to pay when you consider the consequences of being caught in a situation that is not profitable without assuransi.

Further education is key to increasing the proportion of Australian travelers to take the funds at the time of booking the trip, he said.

The Federal Government Smart Traveller website carry regularly updated advice for each country rating and the potential threats such as viruses Zika.

Foreign Minister Julie Bishop is also a fan of the adage “if you can not afford travel insurance, you can not afford to travel.

The European travel insurance that doesn’t cover you in Spain: Insurers exclude popular holiday destinations as medical costs soar

Albert Heath and his brother-in-law David Towe spent a year planning their trip to the Pieta Military Cemetery in Malta.

They wanted to lay a wreath at Christmas on the grave of David’s uncle, Private Wallace Towe, who died 100 years ago aged 21 of wounds suffered at Suvla Bay, Gallipoli, in World War I.

They booked their flights last March and arranged to stay in a hotel in Sliema, two and a half miles from the cemetery on Our Lady of Sorrows Street where Wallace is buried.

In September, each bought a week-long European travel insurance policy from specialist insurer Insure & Go.



But when Albert, 82, returned from Malta in January he saw something strange in the policy small print.
called cover Europe he has sold issued by Spain, Cyprus, Turkey and Malta – very recently. Surprisingly, it will cover him in North African countries such as Egypt and Morocco.

Albert, a retired engineer from Coventry chief inspector, said: I can not believe it. I said on the phone I need cover for Europe how Europe can exclude countries such as Spain and Malta?

I’m glad I do not know as long as I go or I‘ll worry about all the time I needed to claim they will not be paid.

This is the first time Money Mail has seen the European insurance policy that does not cover popular holiday destinations.

But we have found that several large insurance companies write the kinds of policies as medical costs soar in countries such as Spain.

When you take out travel insurance, the main choice is Europe, all over the world including the US, or around the world, including the US

Insurance for Americans are usually more expensive because medical costs are hefty the night in intensive care can cost anything up to £ 6,000.

Check the small print: Several major insurers are writing policies that do not cover popular holiday destinations as medical costs soar in countries such as Spain



Now the insurance company to apply similar rules to Europe. Post office, All is clear and Insure & Go admit doing it. All Clear said the average travel insurance claim two times higher in Spain at £ 6,400 than in France, where it is £ 3,199.

Often travelers who fall ill in countries that are transported in a private ambulance or taken to a private hospital instead of using country systems.

This is to avoid over-burdening public finances stretched these countries’. But that would mean additional costs for insurance.

Insure & Go said only customers who call to declare a medical condition are offered policies do not include the countries of Europe, where appropriate.

If they are going to Spain, Cyprus, Turkey or Malta they put in a category A; they would be elsewhere in Europe were put into category B. Both are priced accordingly.

Some countries outside Europe are covered because they are a popular destination for holiday packages.

When Albert is called, he explained he had a permanent catheter and take an aspirin every day for an irregular heartbeat.

He should have been put in category A for Malta. But the call handler clicked the wrong box. This means that Albert was not sent the right policies and go without vital cover.

Insurers claim they categorize people in this way to avoid punishing the countries visited with lower medical costs.

But travelers with medical conditions that have to pay extra to compensate for the higher risk they pose to the insurance.

Without a cover for a medical condition, Albert will be paid only £ 25.20. But after they expressed their premium jumps to £ 98 – although policies do not cover Malta.

Having properly record the purpose of the call handler Albert, he will have to pay £ 26 more – just as he would to a different part of Europe.

Albert said: ‘I admit that I have never read the document. I just paid over the phone using my card and filed it away when it arrived a few days later. But I took Insure & Go because it is supposed to give travelers a lot to parents traveling with medical conditions.

‘Clearly there are lessons to be had in reading the small print.’

A spokesman for Insure & Go said: “After listening to the call of Mr. Heath made to us we are not embarrassing, found we had made a mistake.

‘Mr Heath did not tell us he was going to Malta but for some reason the wrong areas have on our system.

“We want to apologize to Mr. Heath and assured him that he should have been required to claim his insurance policy we will be honored that he asked for, is one of our one of removing him.”

Home insurance costs rise 3% in just three months thanks to tax hike and are set to balloon further due to storm damage

  •     Insurance Premium Tax went up from 6% to 9.5% in November
  •     The costs have already been passed onto customers from insurers
  •     Premiums set to rise further still this year thanks to storm damage


The average comprehensive home insurance premium has climbed 3.1 per cent in just three months thanks to higher tax costs being passed on by insurers to their customers, data shows.

Furthermore, it is likely that cover will balloon in the coming year, with market research experts Consumer Intelligence saying flood and storm damage will put pressure on premiums.

In last year’s Budget, Chancellor George Osborne increased Insurance Premium Tax from six per cent to 9.5 per cent. The changes came into force in November 2015 and this is the first evidence costs are being passed on to customers.

Building pressure: Higher IPT alongside increased flood and storm damage are likely to put pressure on home insurance costs

IPT is a tax on insurance and added to the general insurance products such as car, home and travel cover.

It is expected to add more than £ 100 for the insurance costs of a family with two cars, pets and medical cover and will affect about 50 million policies in total.

Separate data from the Association of British Insurers premium motor show rose seven percent in the last quarter of 2015. He said about half of this increase is to increase IPT.

Department of commerce urged the Chancellor not to be tempted into further tax increases in the Budget next month.

It says: ‘IPT should not be seen as a soft touch tax to raise revenue as any increase leads to a further financial squeeze on millions of households and businesses who have done the right thing and taken out insurance.’

The ABI predicts that it will raise more than £8billion for the Treasury in the next five years, making it the biggest revenue raiser from the 2015 summer Budget.

Consumer Intelligence, which is used by the Office for National Statistics to calculate official inflation data, says the IPT rise is now reversing years of falling premiums.

It also warns that recent storm and flood damage could exceed £1.5billion, increasing the upward pressure on premiums.

Home insurance is 9.5 per cent lower than at this point in 2014, but rises in the coming year are expected to eat into this reduction.

Ian Hughes, chief executive of Consumer Intelligence said: Unfortunately the only way is now home premium price cuts the following year driven by a big drop in theft and a bit of flooding and storm damage claims due to mild weather recently.
Last month, the ABI revealed that approximately one in five home insurance claims are successful, largely due to the complexity of the policy.
Wear and tear, and damage caused by the lack of care in the home is also the main reason for the payout bid failed.
In contrast, 99 percent of auto insurance claims and 87 per cent of claims resulting in payments of travel cover. ABI published figures for the first time using the analysis of claims made in 2013 and 2014.

Crowded insurance industry becomes latest casualty of oil slump

A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in the North Sea, around 100 miles east of Aberdeen in Scotland, in this February 24, 2014 file photo. REUTERS/Andy Buchanan/Pool/Files


The insurance industry became the last victim of the slump in oil prices, with delays and cancellations of energy projects to force down premium rates and revenue in a market that is already crowded.

Insurers predict revenue can dive by 20 percent or more, may force some players to come out of the share of energy from a business that has attracted new entrants hoping for better results in the era of ultra-low interest rates.

While most energy companies renew their policies in the first half of this year, the impact of the worst oil crisis in decades has been felt by insurance and reinsurance companies, which take part of the risk in exchange for part of the premium.

Hannover Re Chief Executive Ulrich Wallin used some understatement in describing how low oil prices and cuts resulted in exploration and production projects has reduced demand for insurance protection.

“It’s a bit of a crisis,” said Wallin conference last week. “We will see fierce competition … at a price.”

Crude oil prices have fallen 70 percent over the last 18 months to around $ 35 per barrel, leading to the world’s top five oil companies reported a sharp drop in profits in the last few days.

energy companies have laid off tens of thousands of workers and cancel plans for mega-projects that cost billions and take years to develop, and is targeting further savings.

Nick Dussuyer, global head of natural resources at Willis Towers Watson, said several major brokerage clients have significantly reduced the limits of their insurance program, “with a corresponding dramatic decrease in premium expenditure”.

“If the level of premium income continued to deteriorate, and the capacity is not interesting … at some stage this portfolio is bound to be unprofitable,” he told Reuters.

“It will be interesting to see at this stage that the insurance would choose to withdraw and were going to try and ride out the storm, turning the market anticipates.”

In recent years, high returns on insurance and reinsurance compared to the yields on government bonds have attracted new investors, ranging from hedge funds and private equity for pension and insurance funds from new markets such as China.

This has encouraged competition and pressure on premiums in the insurance industry more widely, even before oil prices began to dive in mid-2014.

Insurers also tend to have more exposure to the oil market through their investment in corporate bonds issued by energy companies, according to Fitch.


Investment insurance to energy will continue even as oil companies began to delay or cancel projects, perhaps in the hope that the market will bounce back.

As a result, the amount of capital available to insure the risk of upstream – including about 3,000 offshore platforms worldwide and supply equipment such as drill ships – has increased about 10 percent over the past year to about $ 7 billion, said an industry source.

A further $ 6000000000 is expected to cover the downstream projects such as refineries and processing facilities.

However, energy companies accept that the prices may remain low for some time and scale down their plans accordingly. global oil and gas investment is expected to fall to the lowest in six years in 2016 to around $ 522 billion, following a 22 percent fall to $ 595 billion by 2015, according to the consultant Rystad Energy.

Simon Williams, of the International Union of Marine Insurance industry association, predicted “a tough time in the next few months”.

Williams, who is also head of the marine and energy insurance company Hiscox, said the low activity is likely to mean a sharp reduction in the basic premium compared to 2015, and is estimated to be as much as 20 percent.

“With a capacity of more energy after entering the insurance sector in recent years, it will be a real test to see how the insurance companies to adapt to a very challenging environment,” he said.

William Lynch, head of energy at broker Aon, said the potential 20 percent reduction in premiums could prove to be a conservative estimate, given the decline in projects undertaken and the overall lower level.

Insurers already suffered. Beazley said the energy business saw a 17 percent decrease in the rate in 2015, the strongest downward pressure rating of all segments.

“Our hope is that it will continue with further rate cuts this year,” said chief executive Andrew Horton Beazley.

How to get rid of private mortgage insurance


By law, your lender must tell you at closing how many years and months it will take you to pay down your loan sufficiently to cancel mortgage insurance.

If you buy a home with a down payment of less than 20 percent, your lender may require you to purchase mortgage insurance. The same applies if you are financed with equity of less than 20 percent.

Private mortgage insurance is expensive, and you can delete it after you have met with some conditions.

To delete the private mortgage insurance, or PMI, you must have at least 20 percent equity in the home.
Cancel rules PMI

According to the Bureau of Consumer Financial Protection, you must meet certain requirements to remove insurance:

• You must ask for an insurance cancellation in writing.

• You have to time your payments and have a good payment history.

• You may have to prove that you have no other liens on the home (eg, a home equity loan or a home equity line of credit).

• You may need to get an appraisal to show that the balance of your loan is not more than 80 per cent of the value of the house at this time.

You may ask the lender to cancel the insurance when you have paid down the mortgage balance to 80 percent of the original appraised value of the house.

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If the balance drops to 78 percent, the Service Provider is required to eliminate mortgage insurance.

Although you can cancel your private mortgage insurance, you can not undo recent Federal Housing Administration insurance.

insurance replacement mortgage lender if you default on your home loan. You, the borrower, to pay a premium.

When sold by a company, then known as private mortgage insurance. Federal Housing Administration, a government agency, to sell mortgage insurance, too.

Here are the steps you can take to cancel the mortgage insurance sooner or strengthen your negotiating position:

• Get a new assessment

Some lenders will not consider a new assessment of the original sales price or the appraised value when deciding whether or not you meet the threshold of 20 per cent equity. A general assessment fee of $ 300 to $ 500.

• Prepay your loan

Even $ 50 a month can mean a dramatic reduction in your loan balance from time to time.

• Remodel

Adding a room or a pool to increase the market value of your home. Then ask the lender to recalculate the loan to value ratio of the numbers you use the new values.

By law, your lender must notify you in closing how many years and months it will take you to repay the loan you enough to cancel the mortgage insurance.

Mortgage servicers must give borrowers an annual statement that shows who should be contacted for information on canceling mortgage insurance.

To calculate whether your loan balance has fallen to 80 percent or 78 percent of the original value, dividing the current loan balance (the amount you still owe) by the original assessed value (most likely, it’s the same as the purchase price).

For example: Dale owe $ 171,600 on a house that cost $ 220,000 a few years ago.

$ 171,600 divided by $ 220,000 equal to 0.78, or 78 percent. So it’s time for Dale mortgage insurance to be canceled.

If you can not convince your lender to provide mortgage insurance, consider refinancing.

If the value of your home has increased considerably, the new lender will not require mortgage insurance.

Make sure, however, that your refinance costs do not exceed the money you save by eliminating mortgage insurance.

If refinancing will let you drop insurance, shopping for a mortgage refi.

The lender can impose stricter rules for high-risk borrowers. You might fall into the high risk category if you have missed a mortgage payment, so make sure your payments are up to date before asking your lender to drop the mortgage insurance.

The lender may require a higher percentage of equity if the property has been converted to rental use.

Insurers stop policy sales in over 60 localities to prevent fraudulent claims

MUMBAI: fraud with new in small towns like Ganja in Odisha and Kubernagar in Gujarat has prompted insurance companies like LIC, ICICI Prudential Life and HDFC Life to prohibit their agents from selling policies in more than 60 areas to prevent false claims.
Scores agent and hospitals have also been prohibited from selling policies. the insurance company has identified the medical center for serious administrative irregularities, which have caused losses in the industry, and has put it on the center


Over the past few years, the insurance company, which has shared the data to detect fraud in the system, has tied up with LexisNexis and Experian to compile a database on fraud. However, now they have to train the claims assessor to precisely document the claim decision and have appropriate evidence on record to deny the fraud.

“With the industry coming together, it will help in detecting and preventing frauds in the sector,” said Ganesh Iyer, senior vice president heading underwriting and claims at Kotak Life.

“We have deployed about 1,100 health centers under supervision has been de-timber by some insurance.”

The company has also relaxed their underwriting practices to capture market share. For example, there is no requirement of medical tests to policies sold online and only sought a declaration from the policyholder. In other cases, even the declaration of the good health of the agent is considered quite good.

Nilesh Sathe, member-Life, Irda, said that the insurance company can decide not to do business in a new location, the negative stereotype. “However, they must ensure that the policies and servicing existing customers should be provided. It will be the right message to fraudsters who will also make sure that we as an industry can collectively work towards the prevention of fraud,” he said.

insurance companies have entered the black list of some central areas like Meerut and Moradabad in Uttar Pradesh and Darbhanga, Begusarai and Bhagalpur in Bihar. Several other centers such as Guntur, Kurnool and Visakhapatnam in Andhra Pradesh are in the negative list of locations.


What is Medicare?

Medicare is the federal health insurance program for people 65 years or older, or those under 65 years of age may be eligible for a disability or other special situations.

Medicare helps millions of American seniors and disabled individuals to cover part of the costs of their health care. Medicare also offers important choices in how you receive benefits.

The different parts of Medicare help cover the cost of services.
Hospital insurance (Medicare Part A)

Medicare Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care.
Health Insurance (Medicare Part B)

Medicare Part B covers certain services physicians, outpatient, medication, and preventive services.
Medicare Advantage Plans (Medicare Part C)

A Medicare Advantage plan (Part C) is a type of Medicare health plan offered by private insurance companies that contract with Medicare to provide Original Medicare (Parts A and B) benefits. Medicare Advantage Plans may incorporate a hospital, physician and drug coverage in one plan, and may include additional benefits not offered by Original Medicare.

Finding a Medicare Advantage plan may be right for you.
Prescription Drug Plan (Medicare Part D)

Medicare Part D Plan to add prescription drug coverage to Original Medicare and Medicare some other plan. These plans are offered by insurance companies approved by Medicare.

Finding a Part D plan may be right for you.
Find the Right Medicare Coverage

Help make a worry free retirement and save on health care costs. If you are new to Medicare, or know someone who is, we can help make the transition easy.

Hundreds protest over quake insurance delays

The committee protested in Christchurch cathedral square this afternoon calling for an external review of the way the Commission had handled the claim earthquake.

Nearly 1,000 residents of Christchurch to attend a general meeting today around lunchtime to vent their frustration over the delay insurance.

Time is a symbolic protest just days out from the fifth anniversary of the earthquake in February 2011.

Protesters participate in singing, song, and handed chalk so they can decorate the square with the messages they choose.

A woman cheered by the crowd, as she danced in front of the stage holding a doll Gerry Brownlee.


“The recovery is for so many thousands of people in Christchurch tlah most awful mess I’ve ever seen,” said MC Mike Coleman.
Reading from ‘list of demands, “Coleman asked for private insurance and EQC need to resolve all claims by the end of March this year.
“It was six weeks. Or should I say that the five-year and six weeks”.
He stressed that the protest has no political agenda.
However, the photographs were placed in front of the stage John Key, Gerry Brownlee, CEO Tim Grafton Insurance Council and EQC boss Ian Simpson to symbolize their absence.
Christchurch resident Claire Payne were in protest.
He is among thousands still waiting to finish with EQC.
“I’ve been through anger. I just want them out of my life. I want to move”.
“I want to be able to do basic maintenance on my house again that we have not been able to do because they said we were painting on the evidence,” he said.
Other residents, Patricia, sat quietly in a chair not far from the stage.
Beside him sat pole which he dressed with her 85-year shirt and hat.
He could not be in protest today, because of how the ‘weak’ to him, he said.
“And the depression that stress led him to make it worse”.
“Maybe they’re hoping some of us just die and they do not have to worry … That was great.”
Insurance Council has chosen to respond by raising some hypothetical questions.
“First of all, who is going to pass a law to require all contracts must be completed by March 31?” said CEO Tim Grafton.
“If you set a deadline, what if [the parties] disagree … And if the time limit of six weeks, how unfair it would be for someone who has just called from their insurance company for the EQC.”
Mr. Grafton said that no insurance company wants more than to settle all claims as quickly as possible, but it is unrealistic to suggest that all could happen by the end of March.