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... 1999 the rate was nearly twice as high? But why have the numbers been droppi... part to the state’s own efforts at accident prevention. How have they done th...

I’m a P&C agent and one of my clients recently asked me some questions about the new Obamacare. I found some general information, but maybe some of you can help answer her questions: “How much do you think the cost will be per month with the mandatory health care?” She is 32 and healthy, but she hasn’t carried coverage since 2007. Will this be an issue? What is the penalty fine for not carrying health insurance? Thank you in advance for your help!

...clients that have excess coverage, higher limits, etc are the ones who have go...sition of taking lower policy limits, higher deductibles, and bare minimum coverage. Lower insurance = higher risks in case of a claim.

It seems an increasing number of carriers have resorted to hyper-inflating their residential Replacement Cost calculations as a means of generating increased premium revenue, and policyholders are outraged! Is this problem unique to Illinois or are agents in other states having similar experiences? When 3-4 bedroom tract homes that sold for $250,000 before the collapse of real estate prices generate RC estimates well in excess of $700,000 - more than double their current market value - there's a credibility problem! Is the Homeowners industry trying in one fell swoop to overcome the under-insurance issue that was a popular topic a couple years ago? Probably not, but it's time to re-examine the accuracy of widely used replacement cost algorithms.