Posts Tagged With ‘ Emergencies ’

With climate change creating more storms and natural disasters, insurance companies are facing unprecedented claims. They’re reacting with raising prices and refusing to offer coverage in some areas of high storm activities. Policyholders are entitled to receive their claims payments under the terms of their insurance policies, and insurers shouldn’t delay or mistreat consumers. Many victims of Hurricane Idalia will be underinsured and uninsured for flood damage. There will be big fights over whether the damage was caused by wind, covered in a home policy, versus flooding, excluded in... Continue Reading

Big storms across the country brought on by climate change are causing havoc. You may have received a notice from your insurer dropping your home insurance policy. Or, unexpected surges in the cost of your coverage can put a strain on your budget especially in these days of inflation. This is stressful as not having the right amount and type of insurance can make your home more difficult to sell. The Consumer Financial Protection Bureau offers the following suggestions for homeowners facing new decisions about insurance, often with limited time to consider complicated options. Choosing insurance Your... Continue Reading

No. What ended on Thursday was the covid health emergency on public health and safety measures in the United States. In addition, the World Health Organization recently ended the covid related global health emergency. The U.S. ended the covid health emergency because Republicans would no longer support funding for it. What does the end of the public health emergency mean for you? The Centers for Disease Control and Prevention offers this list of changes: Vaccines will remain available. Access to covid-19 vaccines will generally not be affected for now. The U.S. government is currently distributing... Continue Reading

My best wishes to you and your loved ones for 2023. On New Years eve, I wrote about the top consumer and personal finance stories of 2022. Inflation and higher interest rates topped the list, and I predict that those two issues will continue to confront consumers throughout the new year. My recommendations include: be sure you have an adequate emergency fund; make a budget or review yours to make sure that your expenses aren’t creeping up; cancel subscriptions you don’t use; increase your retirement plan contributions, if you can; keep steady with your investments even if the market continues... Continue Reading

Among the biggest news from last week’s recalls is a portable generator that can amputate fingers. Generac and DR 6500 Watt and 8000 Watt portable generators have caused 37 injuries, 24 resulting in finger amputations and five in finger crushing, according to reports to Generac. The problem is an unlocked handle can pinch consumers’ fingers against the generator frame when the generator is moved, posing finger amputation and crushing risks. About 321,160 of the generators were previously recalled in July 2021 in the United States with an additional 4,575 recalled in Canada. The recall involves... Continue Reading