Live Insurance News

Japan’s Heat Stroke Insurance Boom Amid Record Temperatures Could Signal New Trends for US Market

August 6, 2024August 5, 2024 Marc

With record temperatures soaring above 40°C (104°F) in various locations, Japan has experienced a surge in heat-related illnesses this summer. This unprecedented heat wave has led the Japan Meteorological Agency to issue widespread alerts against heatstroke and heat exhaustion, urging residents to stay indoors during peak daylight hours. A Growing Demand for Heat Stroke Insurance The extreme weather has not only impacted daily life but has also driven a significant increase in the demand for heat-related illness insurance. Over 12,000 people were hospitalized across Japan in just one week due…

From Floods to Fires: How Climate Change is Transforming the Real Estate Landscape

August 5, 2024August 4, 2024 Ester Adams

housing crisis due to flooding, hurricanes, and wildfires and how its effecting insurance

The Ripple Effect of Climate Change on the Real Estate Market Climate change, once a distant concern, is now an imminent reality affecting various sectors of the economy, with the real estate market feeling its profound impact. From surging insurance rates to potential market crashes, the cascading effects of extreme weather events are reshaping how we buy and sell homes. Record-Breaking Weather Events In the previous year, the United States witnessed 28 confirmed billion-dollar weather events, marking the highest number since records began in 1980. These events, fueled by climate…

California Fair Plan Under Fire for Alleged Policy Violations

July 31, 2024July 30, 2024 G. Turner

California Fair Plan Under Fire: Attorney Calls Policies “Criminally Restrictive” The California Fair Plan, designed as a last-resort insurance option for those unable to secure coverage elsewhere, is now under significant scrutiny. An Oakland attorney has spotlighted troubling issues impacting hundreds of thousands of policyholders. According to reporter Shandel Menezes from NBC San Diego, Attorney Dylan Schaffer of the Kerley Schaffer law firm has described the policies under the Fair Plan as “criminally restrictive” and asserts that selling these policies constitutes a misdemeanor under Insurance Code 2083. Schaffer claims that…

Is Sitting Really the New Smoking? Debunking the Myth

July 31, 2024July 30, 2024 John Bowers

The Sitting Health Risks Statistics Compared to Smoking While prolonged sitting is undoubtedly detrimental to health, it’s important to differentiate its risks from those associated with smoking. A 2018 study found that sitting for more than eight hours a day increases the risk of death by 22%, whereas smoking increases it by 180%. However, some medical experts argue that the health risks of sitting for extended periods can be comparable to those of smoking. For instance, prolonged sitting can lead to blood pooling in your legs, causing varicose veins or…

Maryland’s High-Stakes Race to Rebuild Key Bridge by 2028 Despite Legal Battles

July 30, 2024July 29, 2024 Ester Adams

Maryland is set to rebuild the iconic Francis Scott Key Bridge within the next four years, aiming for completion by fall 2028. This ambitious project carries an estimated cost ranging between $1.7 billion and $1.9 billion. The rebuild follows the bridge’s collapse on March 26, caused by a collision with the Dali container ship, leading to extensive damages and raising critical questions about maritime insurance and liability. Key Details of the Key Bridge Rebuild Plan David Broughton, spokesperson for the Maryland Department of Transportation, emphasized the significance of the project.…

Are Your Ties and Heels Slowly Killing You? Office Attire’s Dirty Little Secret!

July 26, 2024July 25, 2024 Logan B.

insurance agents and office attire health issues

The COVID-19 pandemic has changed many aspects of our lives, including how we dress for the office. Gone are the days of working in our pajamas. Now, as employees return to the office, they are opting for formal and semi-formal attire, perhaps in a bid to impress, but is this costing us our health? Beware the Killer Ties and Germy Gear A study conducted found that wearing a necktie can reduce blood flow to the brain by up to 7.5 per cent. This reduced blood flow can lead to dizziness,…

What Does It Cost to Install a Swimming Pool?

July 21, 2024 Logan B.

With summer on the way, many people will say it’s a call to swim, but the installation of a pool, just for reasons of enjoying warm weather, has been quite problematic within people’s means. The cost depends on the route you take, spanning all price ranges, and this guide will let you in on how. Inground Pool Costs The cost of an inground swimming pool of various sizes and shapes will average from $35,000 to $65,000. The cost of large or fine-detailed pools, of course, also significantly impacts the price.…