For years, life insurance was seen as an unpleasant topic, because the person paying the premiums generally derived no financial benefit from the policy. He had to die before a benefit would be paid. Today, however, insurance companies are offering policies that pay living benefits. While the primary purpose of life insurance remains safeguarding your family’s financial security in the event of your death, there are now policies that you can use while you are living.
Most people are familiar with insurance. They often have home, auto, or medical insurance to protect their health and property. Businesses often obtain general liability and worker’s compensation insurance to protect their employees and business assets. However, many people overlook the value of life insurance. Life insurance is an essential tool to protect your family and business and to provide peace of mind. There are several types of life insurance policies. This article will discuss the different types of life insurance available to individuals.
RMC Group, an international provider of risk management and actuarial consulting services, is a consortium of independent entities, including CJA and Associates, Inc. and RMC Consultants, Ltd. RMC specializes in the design, implementation and administration of innovative risk management and insurance products geared to the small-to-medium sized business.
All businesses, regardless of size and operation, need and should have a general liability insurance policy. This type of policy is designed to protect the business, otherwise known as the insured, from lawsuits or claims arising from an insured’s liability due to property damage or bodily injury. The general liability insurance policy is designed to cover non-professional negligent acts. The definition of negligent is the failing to take proper or normal care of something or someone.
What does Pokémon have to do with your auto insurance? I'm sure you've heard of the new Pokémon Go app for your smartphone. It uses your phone's location to show you little creatures that appear on screen as you move around in the real world. You get points for "catching" them by swiping your finger, which helps you advance within the game. It's become incredibly popular since being released on July 6th and is making headlines around the world.
A workers' compensation policy provides insurance in two areas: coverage for the employee and coverage for the employer. When breaking down the coverage for the employee we deal with two separate and distinct issues. The first is medical expense for the employee's injury or disease. Each state operates and mandates its own coverage limits in this area. While some states mandate no dollar limit for the cost of injury or disease and subsequent care for the employee, other states place strict dollar limits on the benefits to be paid on behalf of the employee.
UNITED KINGDOM - RMC Group, a consortium of leading insurance and actuarial consulting firms, has announced a plan to expand its international operations by opening two new offices in the United Kingdom.
Ray Ankner, President and CEO of RMC Group, commented that “Establishing a permanent presence in Europe is another exciting step in RMC’s growth. Europe is an important market, particularly for our reinsurance and risk management operations in North America and the Caribbean.”
UNITED STATES - The Captive Insurance Companies Association (CICA) has added Ryan Mitchell, of RMC Group, to their CICA Publication Task Force.
“CICA’s publications are an important benefit to its members and a valuable resource for the industry. At this time, the task force will focus on updating its existing resources. CICA members are industry leaders across a variety of sectors and have valuable insights to contribute to these publications,” said Scott Beckman, Board Chair of CICA.
Condo Insurance operates a little differently than Homeowners Insurance. Since most condo associations in Florida are bound by Florida Statute 718, the condo association will obtain coverage for the Building and common areas. Unit owners are generally only able to insure the interior “livable” portion of their units, not including structural elements of the Building. You may sometimes hear condo insurance referred to as “contents-only” or “walls-in” coverage. These terms can be misleading, so let’s clarify by giving some examples.
Incorporated Cell Captives have been taking the captive industry by storm. RMC's Technical Memorandum: Incorporated Cell Captives is a must read for anyone interested in this advanced captive structure. Click on the following link to read more: