> Weather The impact of weather on businesses is more complex than you might think. Weather obviously affects outdoor operations that depend on fair weather — for example, events like fairs, festivals, concerts, sporting events or filming.
> Earthquake coverage Quake coverage is available as additional coverage to standard commercial property and casualty policies. Earthquake coverage is available throughout Washington state, although it is relatively expensive for masonry structures and business operations with high-risk inventory or equipment.
> Exclusive Provider Organization (EPO) EPOs allow subscribers to visit any physician within the contracted network without prior approval or referrals. Services received outside the network may not be covered.
Hurricane Insurance Claims Paid in Mississippi Approaching $3 Billion Mark
Jackson –Commissioner of Insurance George Dale announced today that insurance companies have paid out nearly $3 billion in hurricane related claims. Over $1.9 billion of that is for Hurricane Katrina claims, $845 million in flood insurance claims, with claims paid for Hurricane Rita nearing $5 million. The approximate total for claims now stands at $2,883,096,865. Those numbers are expected to rise as the Mississippi Insurance Department (MID) continues to work with companies and consumers on hurricane related issues. As of today there have been some 384,277 claims filed on Hurricane Katrina and 3,476 claims filed on Hurricane Rita.
Dale daily reiterates his message to insurance companies,”Pay more claims and pay them faster. We are still taking over 500 to 1,000 calls a week and are devoting the majority of our time in assisting people with hurricane related issues, and we’ll continue to do so as long as it takes, “ he said.
MID has recently issued two bulletins to further assist consumers in hurricane affected areas. Read more at doi.state.ms.us
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Did You Know?
Generally, you must report as income any amount you receive for your disability through an accident or health insurance plan paid for by your employer.
If both you and your employer have paid the premiums for the plan, only the amount you receive for your disability that is due to your employer's payments is reported as income. If you pay the entire cost of a health or accident insurance plan, do not include any amounts you receive for your disability as income on your tax return. If you pay the premiums of a health or accident insurance plan through a cafeteria plan, and the amount of the premium was not included as taxable income to you; the premiums are considered paid by your employer, and the disability benefits are fully taxable.
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general information related to insurance issues commonly encountered.
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