Safe havens are performing like ‘insurance that covers just one bedroom in the house,’ says JP Morgan


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Should investors fear no assets can protect them from increased turbulence in global markets amid November’s looming U.S. election and persistent worries around the COVID-19 pandemic?

That’s the concern addressed by JP Morgan strategists who warned that many traditional haven investments in September have not performed as advertised, providing scant shelter as global equities came under steady, but incessant pressure over the past few weeks.

“For those looking for hedge protection, this typical basket of defensives is functioning about as well as fire insurance that covers just one bedroom in the house,” said a JPMorgan team of analysts led by John Normand, in a note Friday.

By their estimation, the performance of haven assets this month has been the worst in more than 10 years, when looking at periods with more than a 5% decline of the MSCI All Country World Index
ACWI,
+1.59%
,
a widely used composite

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As Covid-19 Looms, Some Workers Face Loss of Health Insurance

“Health insurance is an enormous cost for small businesses,” said Amanda Ballantyne, the executive director of the Main Street Alliance, an advocacy group for small businesses. “It continues to be even after the passage of the Affordable Care Act.”

Many businesses say they need Congress to provide more money, and health insurers say they support federal efforts to help employers continue their coverage. “We believe Congress should provide temporary subsidies or direct financial assistance for employers to protect the health and financial stability of hard-working Americans,” said Justine Handelman, a senior vice president at the Blue Cross Blue Shield Association, which represents the nation’s Blue Cross plans.

Under the Affordable Care Act, insurers must return the excess profits if they do not spend at least 80 or 85 cents out of every dollar in premiums on customers’ health care. But even that provision strikes some as inadequate, given the current

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Those dying from COVID-19 are least likely to own life insurance

U.S. life insurers are paying out far fewer COVID-19 death claims than initially expected, largely because the virus is disproportionately killing people with little to no insurance.

In the past few weeks, many life insurance companies have sharply reduced estimates of their exposure, as measured by payouts per 100,000 U.S. COVID-19 fatalities. Estimates have come down by an average of 40% to 50%, according to Credit Suisse stock analyst Andrew Kligerman.

TRUMP TO GIVE MEDICARE BENEFICIARIES CHECKS TO PAY FOR MEDICINES

Driving the rapid reduction in exposure are two groups: older Americans and minorities.

Older people often have smaller policies than people who are still in the workforce. The latter typically buy policies to protect

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The best car insurance for teens and young drivers in 2020

If you are or know someone who just got their driver’s license and a vehicle, remember that having auto insurance is mandatory in 48 states — and most policies will charge more for those who are new to driving. An insurer may conclude that it’s a greater risk to cover a teenage or first time driver than an experienced driver with safe driving habits.

Car insurance rate premiums shoot up by around 130 to 140% when a teen driver is added to an existing policy and can rise an additional 20 to 40% if that driver gets a speeding ticket or has an accident. Rates like these tend to remain in place until a driver turns 20.

Adding a teen driver to an auto insurance policy can get pricey, but there are ways to soften the blow to your wallet.


Nationwide
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Unbundling insurance: How startups are reimagining the underpenetrated sector for a digital makeover

buying health insurance, motor insurance policies, Electronic Policies, policy document, free-look, irdai,The final frontier for innovation in insurance is to supplement the traditional insurance approach.

According to IRDAI annual report insurance penetration in India stands at 3.69 per cent, one of the lowest across the world. This provides a huge scope for future growth in the industry in line with the medium-term economic growth prospects of the country and the large base of non-insured citizens.  There seems to be a shift in the thought process of the evolving customers, competitors and organizations that are challenging the traditional insurance business models and their existence. With evolving customers, insurers are already under pressure to change periodically. So where do we go from here? What customers are demanding is essentially three-fold – transparency, speed and a hassle-free claim settlement. All problems which other sectors have solved through the use of digital technology and a bit of audacity!

Thus, insureTech. It is here to impact

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Mechanical Breakdown Insurance

Part of being a car owner is dealing with vehicle repairs. Whether it’s a broken A/C system or a dead battery, car repairs can be expensive. Car problems are often unexpected, and most people don’t set money aside for potential repairs. With mechanical breakdown insurance, your insurance company helps pay for the cost of certain repairs.



a man standing in front of a car: A man stands in front of his car with the hood up trying to get the vehicle fixed.


© Noel Hendrickson/Getty Images
A man stands in front of his car with the hood up trying to get the vehicle fixed.

What is mechanical breakdown insurance?

Mechanical breakdown insurance is a type of insurance policy that helps cover the cost of mechanical and electrical repairs for your vehicle. This type of coverage can be beneficial because it fills some gaps in your standard auto insurance policy.

Every company covers different repairs, but you can expect most policies to cover the following:

  • Brakes
  • Drivetrain
  • Engine
  • Exhaust
  • Heating and cooling system
  • Internal computer and GPS
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Guide to Small Business Health Insurance

image for Pressmaster / Shutterstock


Pressmaster / Shutterstock

  • Small business owners should focus on coverage, the number of employees, employee premiums and shopping when looking for an insurance provider.
  • Offering health insurance to employees can help to attract and retain top talent and provide tax benefits for your business.
  • There are several ways to find insurance, including contacting providers directly and using a broker.
  • This article is for small business owners who want to learn more about small business health insurance and how to get it for their own business.

Navigating small business health insurance can be one of the hardest parts of running your small business, as there are many options and rules to figure out, and if your small business doesn’t have a full human resources department, you’re left to work it out on your own. Use this guide to help you learn about how small business health insurance

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What is car insurance and how does it work?

Car insurance isn’t optional – all U.S. states require you to have auto insurance in one form or another. But if you’re new to automobile insurance, you’re probably wondering “how does car insurance work?” and what, exactly, your insurance policy should look like.



a group of people riding on top of a sandy beach: Car in California national park


© Artur Debat/Getty Images
Car in California national park

Read on to learn everything you need to know to find the right auto insurance policy.

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What is car insurance?

Car insurance is a type of coverage that protects you financially if you’re in an accident. If you haven’t been in a crash before, they can be expensive – the average cost of a car insurance claim is $15,785 in bodily injury or medical bills and $3,841 in property damage. Car insurance will pay so you don’t have to.

How does car insurance work?

Car insurance is simple. You choose an insurance policy that gives you

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A simple guide to insurance for small business owners

Every business — including those that are home-based — needs general liability insurance, because it covers most of the common types of accidents that can occur when you’re interacting with a customer or client. This coverage protects against financial loss as the result of:

  • Third-party bodily injury
  • Third-party property damage
  • Third-party claims of libel
  • Third-party claims of slander
  • Legal defense of a claim
  • A lawsuit arising out of one of these things

General liability insurance is strongly recommended no matter the size of your business because it protects you against these “third-party” claims. Who counts as a third party? Anyone with whom you interact during the course of your workday who isn’t yourself or your employees. This is the insurance policy that will often protect you from accidents, big and small, that involve a customer or passerby. An example would be to think of spilling a cup of coffee on

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Buying Wedding Insurance During the Pandemic

Now that insurance contracts have classified the pandemic as a “known event,” new cancellation insurance policies will not cover Covid-related cancellations, such as a bride or groom contracting the virus. But Greg Esterhai, the chief executive and a founder of the Philadelphia-based insurance company Eventsured, said there are still benefits of getting cancellation insurance. “A power outage at your venue, for example, is a totally unpredictable event that would be covered by cancellation insurance,” he said.

But bear in mind: Some of the insurance companies that do offer cancellation insurance have lowered their coverage limits, said Les Masterson, the managing editor of Insure.com, which provides a comparison of insurance rates. He says he has seen carriers reduce their cancellation coverage to $25,000 from $50,000.

Steve Lauro, the vice president of WedSafe, a division of Aon Insurance that sells special-event insurance based in Garden

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