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Electric car insurance: Costs, coverage and tips

Higginbotham

This higher cost of repair and labor can mean higher costs for insurance carriers in the event of a claim. Because of this risk, electric vehicle drivers may have to pay a higher insurance premium, regardless of their driving record. Remember, bundling discounts can differ among insurance carriers.

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NFPA 70B: Previous Recommendations are Now Requirements

Assurance Agency

Additionally, insurance carriers can and will likely reference NFPA 70B when deciding requirements for coverage. Although it may take some time for this standard to be adopted, those former best practices are now an enforceable standard which could lead to consequences for non-compliance. Does it apply to my business?

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NFPA 70B: Previous Recommendations are Now Requirements

Assurance Agency

Additionally, insurance carriers can and will likely reference NFPA 70B when deciding requirements for coverage. Although it may take some time for this standard to be adopted, those former best practices are now an enforceable standard which could lead to consequences for non-compliance. Does it apply to my business?

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Hybrid car insurance costs: What drivers need to know

Higginbotham

Remember to inform your insurer about your hybrid’s safety features, as this knowledge may translate to lower premiums. Work with an insurance broker who can do the quote shopping and leverage their insurance carrier relationships to help you secure the best possible coverage.

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New Transparency Requirements for Health Plans

AssuredPartners

This rule, entitled Transparency in Coverage, requires group health insurance carriers and self-insured plans to disclose rates and cost-sharing information for all covered items and services.

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Your Aircraft is Involved in an Accident - Now What?

AssuredPartners

As an example, let’s say you had a prop strike and the engine manufacturer mandates an engine tear down. If the engine tear down finds damage inside the engine that was NOT a result of the prop strike, you will be responsible for the cost of the ‘wear and tear’ inside the engine.

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What does the new era of insurer-owned PBMs mean for the benefits industry?

BerniePortal

Check out this column in Employee Benefits Adviser : Very soon, all of the major insurance carriers will have an in-house pharmacy benefit manager, a trend that could reshape consumer access to prescription drugs and impact the negotiations between insurers, drug manufacturers and pharmacies.