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Critical Illness Insurance. Big Changes On The Horizon
In recent years sales of critical illness insurance have flagged. The primary cause is the huge 70% increase in premiums experienced during recent years. For many, critical illness insurance has simply priced itself out of the market. It's not that ...

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Changes to International Health Insurance
 
Those who travel overseas for business or vacation may want to know that two of the world's largest international health insurance plans - “Atlas Travel” and the “International Citizen Medical Plan” insured by Lloyds of London have changed coverage and rates effective January 1, 2002. The coverage levels are increased for the new policies and the premium cost is proportionately higher.

These plans are specifically designed to deal with the language issues, currency translation and business practices unique to the medical care of international travelers. I believe that the improvements in benefits will be welcomed by customers. The relatively low cost of these plans means that a modest price increase is not a significant barrier for most customers.

The updated rates and forms are now available online at www.MedSave.com using the “International Health Insurance” or the "Forms" link and printed versions of the new enrollment brochure are expected to be available in early January.

About the Author
Tony Novak, MBA, MT, is a tax and benefits adviser based in Narberth, PA. His businesses Freedom Benefits Association and MedSave.com provide enrollment services to individuals and businesses nationwide.

Insurance News



Home-value insurance: We're not convinced it's a good idea
Washington Post
Several weeks ago, we were asked whether it made sense to buy insurance on a property's value that would pay off if the value declined. We suggested that buying property value insurance when property prices are the lowest they have been relative to ...

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AM Best Affirms Ratings of MVP Health Care, Inc.'s Insurance Subsidiaries and ...
MarketWatch (press release)
AM Best also has affirmed the FSR of B (Fair) and ICR to "bb" of MVP Health Insurance Company. Concurrently, AM Best has upgraded the ICR to "bb" from "bb-" and the FSR to B (Fair) from B- (Fair) of MVP Health Insurance Company of New Hampshire, ...
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NOLA.com

Senate acts to extend flood insurance program
Boston.com
WASHINGTON—The Senate on Thursday voted to extend the life of the National Flood Insurance Program for 60 days, giving lawmakers time to work on a long-term extension that would seek to restore fiscal solvency to the debt-ridden plan.
Senate Approves 60-Day Flood Program Extension; Will House Agree?Insurance Journal
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TheChronicleHerald.ca

Canada tightens employment insurance rules
Reuters
Noting that some employers were hiring foreign workers even while Canadians were making claims for employment insurance in the same occupation and province, she added: "We want to redress the balance right now so that Canadians get first crack at the ...
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EMC Insurance Group Inc. Declares 122nd Consecutive Quarterly Cash Dividend
MarketWatch (press release)
DES MOINES, Iowa, May 25, 2012 (BUSINESS WIRE) -- On May 24, 2012, EMC Insurance Group Inc. (NASDAQ:EMCI) (the "Company") declared a quarterly dividend of $0.20 per share of common stock payable June 11, 2012 to shareholders of record as of June 4, ...

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