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There's a LOT to know about insurance. So, whether you've got a specific question or just want the 411 on what we do, click around on the articles below.
KFF Survey Explores America’s Mental Health Crisis
Mental health is a serious concern for the majority of American adults, according to a new survey conducted by the Kaiser Family Foundation (KFF) and CNN. The findings revealed that an alarming 90% of adults feel the nation is experiencing a mental health crisis. Furthermore, 1 in 5 adults rated their own mental health as “only fair” or “poor.”
How to Prevent Catalytic Converter Theft
A catalytic converter is a device found in vehicles’ exhaust systems that converts environmentally hazardous exhaust into less harmful gasses. Though catalytic converters have been installed in every new vehicle since 1975, theft of these devices has skyrocketed in recent years due to the highly valuable precious metals they contain.
How to Spot Depression
It’s normal to have fluctuations in sadness from time to time, but what’s concerning is when the sadness lingers for two or more weeks. If this is the case, someone may be experiencing depression. Depression can be defined as persistent, unshakable dark feelings.
Home Insurance Claim Frequency Down in 2021, but Severity Up
Home insurance loss costs and frequency across all perils fell in 2021 from the year prior, but severity increased by 7%, according to the 2022 LexisNexis U.S. Home Trends Report. LexisNexis noted that insurance professionals should not be deceived by the one-year dip. The report, which analyzes data spanning seven years, shows a steady increase over time.
Biden Announces Launch of Student Loan Forgiveness Application
On Oct. 17, 2022, President Joe Biden announced the official launch of the student loan forgiveness application. Qualifying individuals can now apply for up to $20,000 in debt relief on the U.S. Department of Education’s (DOE) website. The form is available in English and Spanish and provides information about the Biden administration’s debt relief program, who qualifies and how the program works.
Coping With a Serious Diagnosis
Getting an unexpected health diagnosis can flip your world upside down. Upon receiving a serious diagnosis, you must evaluate treatment options and consider how it will affect your life, health, job and finances. On top of all that, you will also need to manage the emotional toll receiving a diagnosis may have on your well-being.
Inflation Increases 8.2% Year Over Year in September as Prices Continue to Climb
The Bureau of Labor Statistics (BLS) announced that the U.S. consumer price index (CPI) rose 8.2% year over year in September 2022, remaining near a 40-year high. The increase was not anticipated by experts, who expected a slowdown as the Federal Reserve (Fed) continued to hike interest rates.
Low Flood Insurance Take-up Rates in Path of Hurricane Ian
Just 19% of households in the Florida communities hardest hit by Hurricane Ian had flood insurance policies through the National Flood Insurance Program (NFIP), according to federal data. The Category 4 hurricane made landfall on Florida’s Gulf coast on Sept. 28, with wind speeds of up to 155 mph and a storm surge of at least 12 feet.
2023 Social Security Cost-of-Living Adjustment Will See Highest Increase in 40 Years
On Oct. 13, 2022, the U.S. Social Security Administration announced that Social Security beneficiaries can expect an 8.7% increase in benefits next year. This increase surpasses the 5.9% cost-of-living adjustment (COLA) in 2022, which, at the time, was the highest in four decades. On average, Social Security benefits will increase by more than $140 per month for beneficiaries beginning in January.
Understanding FEMA Aid Following Hurricane Ian
In the aftermath of Hurricane Ian, the Federal Emergency Management Agency (FEMA) is working to help residents and families throughout much of Florida, North Carolina and South Carolina recover from the storm. Government officials have allocated over $190 million in federal disaster assistance to help the more than 127,000 households damaged by Hurricane Ian.
How to Spot Errors on Your Medical Bill
Did you know that roughly 80% of medical bills contain at least one error, according to Forbes? With high patient influxes and various medical codes, it’s easy for billing mistakes to happen. This is one of the reasons it’s crucial to look over your bill thoroughly when it gets sent your way.
Biden Issues Pardon for Simple Marijuana Possession Offenses
President Joe Biden recently issued a presidential proclamation that pardons federal convictions of simple marijuana possession offenses. The proclamation applies only to federal convictions, including District of Columbia code violations; it does not apply to convictions under state or local law. In a statement, the president also called upon governors to pardon simple state marijuana possession offenses.
Colorectal Cancer
Colorectal cancer is the fourth most common cancer, excluding some types of skin cancer, and the fourth leading cause of cancer-related deaths for adults in the United States, according to the Centers for Disease Control and Prevention. Colorectal cancer occurs in the colon or the rectum, and it is often curable if the cancerous polyps are found early.
Personal Lines Insights | October 2022
Although it can be a difficult topic to broach, it’s important to talk to your teenager about drug and alcohol use. By establishing open communication in your household, you can help your child make wise decisions when confronted with these temptations.
DOE Narrows Student Loan Forgiveness Eligibility, Excluding Many Borrowers From Relief
The U.S. Department of Education (DOE) recently revised its earlier guidance on borrower eligibility for student loan debt relief, stating that as of Sept. 29, 2022, borrowers with federal student loans that are not held by the department will not be entitled to one-time debt relief by consolidating those loans into direct loans. According to NPR, this change could impact approximately 800,000 borrowers.
Hurricane Ian’s Insured Losses Estimated at Up to $63 Billion
The fallout from Hurricane Ian includes insured losses anywhere from $28 billion to $63 billion and lasting effects on insurance, infrastructure and real estate, according to estimates and commentary from catastrophe modeling firms.
How to Recession-proof Your Life
Many Americans and economists think rising inflation, interest rates and housing costs may be warning signs of a looming recession. Unfortunately, if a recession does occur, more than two-thirds of Americans don’t feel prepared for it, according to a MagnifyMoney survey.
3 Tips for Reducing Plastic Usage
Data from the United Nations reports that 400 million metric tons of plastic waste are produced across the world every year. While plastics play a key role in day-to-day life, this excess production can negatively affect the environment as well as human health.
Live Well, Work Well | October 2022
Influenza (flu) season lasts from October through May in the United States, with peak flu activity happening between December and March. The country’s flu activity has been unusual since the COVID-19 pandemic began, which could pose consequences for the upcoming season.
Job Openings Decrease in August as Employee Quits Remain Over 4 Million
The U.S. Bureau of Labor Statistics (BLS) recently released its August Job Openings and Labor Turnover Summary. The month’s reported job openings fell to 10.1 million in August, compared with 11.2 million in July. The industries with the most significant drops included health care and retail. Openings in August still outnumbered unemployed workers by about 4 million.