NY Insurance Hub Agency Working to Educate Customers

 The NY Insurance Hub Agency, known for its strong client relationships, is working to change the perception of the insurance industry as distant and uncaring. An independently-owned and operated insurance agency located in Albany, NY, New York’s Capital Region, the agency is focusing efforts to better reflect their enhanced product offerings and vision and commitment to servicing, educating, and building relationships with clients throughout the Capital District and the state of New York.

“It is just amazing at how many prospective new clients come to us with existing car, home, and business insurance and have almost no idea what their current coverage is, what their coverages mean, and whether or not there are gaps in their protection,” said James O’Brien, principal agent for the agency.

“Throughout the years, we have noticed a hole in the property and casualty insurance business where customers are not being guided, educated or even asked the pertinent questions needed to assess their risk of loss for proper protection. We feel that people deserve more and that it’s an agency’s responsibility to provide a higher level of service, guidance, education, and relationship building than many are receiving currently. This directly relates to our slogan to ‘Expect More’ from your insurance agency.”

The agency offers full lines of personal insurance such as home, auto, renter’s, mobile home and motorcycle coverage, as well as full commercial insurance including business owner’s policy, auto, property, habitational and contractor insurance.

Above all else, the NY Insurance Hub Agency also offers extensive education to their clients on insurance options and specialties via the agency’s newly designed website and social media channels.

NY Insurance Hub is a member agency of the Satellite Agency Network (SAN) Group, the leading independent agency alliance in the Northeast. The insurance agency joined SAN Group in 2018, enabling it to offer more products from multiple top carriers and better serve the interests of its clients, while remaining a locally owned independent agency.

About NY Insurance Hub Agency

NY Insurance Hub is a provider of auto, home, business, and commercial insurance to the Capital Region and all of New York State. Committed to providing the right coverage at the right price, the agency shops dozens of insurance companies to maximize consumer benefit, not the company.

Location:

NY Insurance Hub Agency

125 Wolf Rd., Ste. 404

Albany, NY 12205

518-783-0105

James OBrien

518-783-0105

https://g.page/r/CSpwJcUJX29hEBA

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Hong Kong – Insurance Authority and Hong Kong Monetary Authority introduce measures to enhance protection of policy holders in use of premium financing when taking out life insurance policies

Insurance Authority and Hong Kong Monetary Authority introduce measures to enhance protection of policy holders in use of premium financing when taking out life insurance policies

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The following is issued on behalf of the Hong Kong Monetary Authority:



     The following press release is issued jointly by the Insurance Authority and the Hong Kong Monetary Authority:

 

     The Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA) each issued a circular (IA circular and HKMA circular respectively) today (April 1) clarifying the supervisory standards and requirements related to the use of premium financing in taking out life insurance policies. The IA circular was addressed to all authorized life insurers and licensed insurance intermediaries carrying on regulated activities in relation to long term business, and the HKMA circular was addressed to all authorized institutions.



     Among others, the Important Facts Statement – Premium Financing (IFS-PF) will be introduced to promote disclosure and facilitate potential policy holders’ making of informed decisions when they intend to use premium financing. The IFS-PF sets out the factors to be considered and the risks involved in relation to premium financing. Insurance intermediaries are required to fully explain to their customers the contents of the IFS-PF as soon as they become aware of the customers’ interest in the use of premium financing after making sufficient enquiries. The customers concerned are required to complete and sign the IFS-PF for every new insurance policy application involving premium financing.



     The Executive Director of Long Term Business of the IA, Ms Carol Hui, said, “While there has been growing popularity amongst policy holders in using premium financing for wealth and liquidity management, the relevant risks must not be overlooked. Following the release of key findings of our joint inspection with the HKMA last year, the IA aims, through the issuance of this IA circular, to specify our expectations on insurers and insurance intermediaries when they conduct businesses involving premium financing for better protection of potential policy holders.”



     The Executive Director (Banking Conduct) of the HKMA, Mr Alan Au, said, “The HKMA and the IA have been collaborating closely with an aim to enhancing protection to customers on the use of premium financing. The HKMA circular complements the IA circular to provide guidance to banks, which play the role as an insurance intermediary and as a premium financing facility provider in their premium financing activities, to accord protection to potential policy holders and bank customers.” 



     The two circulars also touched upon areas including affordability assessment, additional measures for customers with risk of over-leveraging, sales practice and training. All the supervisory standards and requirements covered in the two circulars will come into effect on January 1, 2023.

Medicare Insurance Association Publishes Medigap Plan N Price Index

 A woman turning age 65 in Dallas could pay as little as $77.19 monthly for a Medigap Plan N policy according to the findings of a study by the American Association for Medicare Supplement Insurance. The highest available premium cost is $199.94.

“Medigap Plan N is the second most popular choice among seniors turning 65 and purchasing Medicare Supplement coverage,” explains Jesse Slome, director of the Medicare insurance advocacy organization. “While Plan N coverage is uniform the same can definitely not be said about the pricing.”

The organization reported lowest and highest premiums for men and women across 10 major metro areas.

The 2022 Medigap Plan N Price Index found that Phoenix had the highest available costs. “Insurers each get to decide how much they want to charge,” Slome said. “In some markets relatively few Medigap plans are available according to AAMSI. “In some cities 20 or more plan choices are available which makes comparing quite a daunting task.”

The analysis reported that some insurers added Policy Fees and some offered household or spousal discounts. “The discount can be as much as 14 percent which can result in significant savings over many years,” the Association director adds.

Headquartered in Los Angeles, the American Association for Medicare Supplement Insurance (AAMSI) advocates for the importance of planning. Access the full Plan N Price Index at www.medicaresupp.org/best-cost-medigap-plan-n-2022/

The organization makes available a national directory listing local Medicare insurance brokers who offer Medicare Supplement, Medicare Advantage and prescription drug plan information and rate comparisons. Access to the directory is free and completely private. Go to www.medicaresupp.org/find-local-agent/ for more information.

American Association for Medicare Supplement Insurance

Jesse R. Slome

818-597-3205

www.medicaresupp.org

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Medicare Insurance Association’s Group Passes 7,000 Member Milestone

 The American Association for Medicare Supplement Insurance’s Linkedin group for Medicare insurance producers has passed the 7,000-member mark.

“We wanted a way to provide meaningful information as well as relevant data,” explains Jesse Slome, director of the Medicare insurance advocacy organization. “I believe this is now the largest Linkedin group specifically focused on Medicare insurance.”

Hosted by the Association Slome explained that the organization uses the medium as a way to gather and disseminate information. “For example, we just completed a survey of Medicare insurance agents reporting Medicare insurance earnings across a number of years.”

The Linkedin Group is open to agents and brokers as well as others who market Medicare Supplement, Medicare Advantage and other senior-related products.

“At the request of early members, we do not allow the posting of promotional messages or items from those with agendas,” Slome notes.

To learn more or to join the Medicare Insurance Producers group go to www.linkedin.com/groups/4021450/.

The American Association for Medicare Supplement Insurance (AAMSI) advocates for the importance of educated planning. AAMSI supports insurance professionals who market Medicare insurance solutions.

The organization makes available a national directory listing local Medicare insurance agents and brokers who offer Medicare Supplement, Medicare Advantage and prescription drug plan information and rate comparisons. Access to the directory is free and completely private. Go to www.medicaresupp.org/find-local-agent/ for more information.

American Association for Medicare Supplement Insurance

Jesse R. Slome

818-597-3205

www.medicaresupp.org

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Integrity Now Insurance Brokers, Inc. Offers a Holistic Suite of Insurance Services in California

 Due to the dire circumstances many churches face in the country, insurance planning for churches and other non-profit organizations has become a must. American churches must have their premises insured with a strong insurance company at the helm to protect the rights and funds of the organization. The same applies to other non-profit organizations led solely by independent trusts and operating through funds.

While established churches invest in tough insurance backups, newly established churches are still hesitant to decide which insurance policy will work best for them. Most churches opt for church property insurance keeping in mind the tumultuous incidents of church property vandalism and abuse.

Integrity Now Insurance Brokers are insurance company brokers operating in California. The service excels in connecting local and community churches to financially stable insurance companies in California. They also offer top-grade insurance plans for church ministries and non-profit organizations. The company has mastered devising the most budget-friendly insurance plan for small, newly-established churches.

“We make sure we connect our clients with some of the most financially stable insurance companies in California. Our brokers ensure we only deal with A-rated insurance companies. We know how complicated insurance paperwork can get for some clients. We take great pride in offering some of the best general liability and sexual misconduct insurance plans in the state,” the company’s representative commented.

The representative continued, “Our brokers are experts at a range of insurance services. From Mission trip insurance to officer’s insurance for churches, our services cover it all.”

The company is dedicated to serving the best interests of its clients. Their success record shows some impressive figures of around $150,000 that the company was able to save in a single year. The type of service the company is willing to provide new churches despite their budget constraints is commendable and increasingly professional of the brokers at Integrity Now Insurance.

About the Company

Integrity Now Insurance is a team of insurance brokers working for religious and non-profit organizations. They’ve been in the market for some time now and know the Arizona, Ohio and California insurance markets well. Their services include a range of insurance plans ranging from general liability insurance to employer’s liability and property damage insurance plans.

Contact Info

Phone: (877) 854 7396

Email: www.integritynowins.com

Address: 6285 E. Spring St, Suite 457 Long Beach, CA 90808.

Integrity Now Insurance Brokers

Kevin Edwards

562-606-1030

https://churchpropertyinsurance.com

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