News 

The Chase Sapphire Reserve card will cover a hotel room, meals and other expenses during a flight delay — here’s how to take advantage

“Flight delays can be brutal; the Chase Sapphire Reserve credit card may be able to help” writes David E for businessinsider.com. Fortunately, if you paid for your tickets with a Chase Sapphire Reserve card, you’re in luck: The card offers trip delay insurance for delays of six hours or longer, or overnight. Source: businessinsider.com

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Crypto News 

Coinbase, Kingdom Trust, Regal Assets Jointly Offer Crypto IRA and 401 Accounts

“Major American crypto exchange Coinbase, asset custodian Kingdom Trust and alternative assets investment firm Regal Assets have begun offering cryptocurrency-based individual retirement and 401(K) accounts in the United States” writes Ana Alexandre for cointelegraph.com. Bitcoin IRA has reportedly provided digital asset IRAs since 2016 and processed over $350 million in investments, onboarding 4,000 clients.An individual retirement account (IRA) is an investment account that enables an individual to save money for retirement in a tax-deferred way, while a 401(K) represents a qualified retirement savings plan offered by an employer.Last month, Los…

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News 

The infectious lunacy of socialized medicine

“More importantly, when it seems that people are willing to spend loads of money on pet insurance, is it even reasonable?” reports washingtonexaminer.com. Rather than implement a plan that will bury taxpayers, we should focus on driving insurance costs down.Much like the pet owner is, many people are able to buy insurance for themselves.That will require reconnecting patients with the financial benefits and costs of their healthcare purchases and allowing them to choose an insurance plan that works for them. Source: washingtonexaminer.com

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News 

N.J. residents spared FEMA’s flood insurance premium hike — for now

“They decided to rebuild their home and elevate it, which should keep her flood insurance lower” writes Snietomunoz Njadvancemedia Com for nj.com. After 35 years of being a homeowner, she filed a flood insurance claim for the first time.It’d likely lead to higher flood insurance rates for some homeowners as flood maps are redetermined, but it’s unclear exactly how much higher and what new characteristics will be used to rate properties.Amid concerns it could hike up premiums and harm homeowners, FEMA deferred the overhaul to how the federal government rates…

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News 

Writing my will online for free helped me have important conversations with my husband that I typically avoid

“Instead, we decided to use Fabric, a website that helps parents create a secure future for their families through services like life insurance and wills” writes Ashley Abramson for businessinsider.com. All we had to do was create an account and answer a few pretty simple questions on an online form.The ability to create a will online in the comfort of my house (and, honestly, in my pajamas) was really helpful. Source: businessinsider.com

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News 

What will retirement look like in 50 years?

“The period of 1920 to 1970 encompassed the creation of our modern retirement system” writes Alicia H for marketwatch.com. In 1983, Congress addressed the program’s long-term financing by increasing revenues and raising the “full benefits” retirement age.A reporter recently asked me what retirement will look like in 50 years.The second 50-year period — 1970-2020 — saw the stabilization of the retirement system created in the previous period. Source: marketwatch.com

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UK building sector hit by surge in insurance costs after Grenfell fire

“Some insurers have pulled out of the PI insurance market this year after several years of losses” writes Midwest Communications Inc for 95kqds.com. As a result, insurers are increasingly excluding cladding from professional indemnity (PI) policies which protect construction professionals against negligence claims.The difficulties of finding insurance could affect refurbishment and construction projects, including government targets to increase housebuilding, the sources said. Source: 95kqds.com

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People say life insurance should cover 10 times your income, but as a financial adviser I can tell you that isn’t always enough

“I’m also 100% certain the common wisdom to purchase 10 times your income in life insurance coverage is leaving families at risk” writes Jeff Rose for businessinsider.com. Then again, there’s a lot to think about and make sure life insurance covers, and there’s really no “perfect” formula to determine how much life insurance coverage you should buy anyway.They may desperately want to stay home, but how much life insurance you have may make that decision for them.Buying 10 times your income in life insurance may be common wisdom, but I tend…

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News 

AIG vs The Hartford: A Detailed Comparison Of Revenues

“AIG has higher revenues and a much more diversified business model compared to its peer” writes Trefis Team for nasdaq.com. Per Trefis, AIG’s Revenues (shows key revenue components) are expected to cross $49.7 billion in 2019 – leading to an EPS of $4.70 for the year.Further, it has maintained its lead primarily due to notably higher General Insurance revenues. Source: nasdaq.com

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RM7 billion has gone unclaimed this year – and the Government is making a website to let people check how much is theirs

“Malaysia had RM10.862 billion in unclaimed money as of Oct 31 this year, of which RM2.085 billion had been refunded” writes Rachel Genevieve Chia for businessinsider.my. Unclaimed money includes unpaid salaries, dividends, tender deposits and insurance claims, matured fixed deposits, and money in dormant trade, savings, current and fixed deposit accounts.Malaysia’s Government is holding on to RM6.932 billion (US$1.68 billion) in unclaimed money, and is encouraging its owners to step forward and claim it.Deputy Finance Minister Amiruddin Hamzah said in Parliament on Wednesday (Nov 6) that the money was currently being kept…

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