Comments for Albany Insurance Professional

Comment on Bid Bonds by rent guarantees

rent guarantees — Fri, 23 Jul 2010 03:14:26 +0000

I can say that a bid bond must be for at least one percent of the contract price or project value, and the bid bond must have a minimum duration of ninety days.

Comment on Builder’s Guide to Construction Bonds by rent guarantees

rent guarantees — Fri, 23 Jul 2010 03:07:46 +0000

The surety has the right and even without the owner's consent, to complete performance of the construction contract itself by, primarily, hiring independent contractors just to perform the remaining work.

Comment on Health Care Cost Increase in Double Digits by lance cashion

lance cashion — Thu, 22 Jul 2010 22:26:47 +0000

I agree. We are not going to feel the full effect of this PPACA for several years. If MassCare is any indicator of where we are headed, we may be in trouble. I don't not agree with the legislation as it stands. However, I believe some of the ideas have merit. From what I know, actuaries have agreed that computations on children with Pre-Ex can be added to the carrier risk pools with minimal negative rate movement (as an example)

I think the key to bringing down premiums falls to true catastrophic plans (like HSAs) and allow the consumer to self insure up to a $5K level or greater. At the end of the day, Insurance companies DO NOT control the cost of healthcare.

I will not be surprised if we see $20K and $50K deductible plans being introduced to the market in late 2011 and 2012.

Comment on Health Care Cost Increase in Double Digits by Ryan Hanley

Ryan Hanley — Thu, 22 Jul 2010 21:59:12 +0000

Lance,

Thanks for the kind words. Your insight is fantastic. Mainstream news of the Health Insurance Bill has calmed down but we have not felt the effects yet…

And I agree with your 40% assessment.

Ryan

Comment on Health Care Cost Increase in Double Digits by Ryan Hanley

Ryan Hanley — Thu, 22 Jul 2010 21:59:12 +0000

Lance,

Thanks for the kind words. Your insight is fantastic. Mainstream news of the Health Insurance Bill has calmed down but we have not felt the effects yet…

And I agree with your 40% assessment.

Ryan

Comment on Health Care Cost Increase in Double Digits by lance cashion

lance cashion — Thu, 22 Jul 2010 18:39:19 +0000

Ryan, good post and you make an excellent point that I share with folks as well. Now is the time to engage the process of buying solid health insurance. Either you step in and take control of the process now or the process will dictate your actions later. My sources at several of our carriers are saying that the increases will be in the 40% range on individual and small group policies. I think insurancenewsnet is a great resource. However, I have to go with intel from our carriers.

At the end of the day, its time to get moving. Get a solid agent and get a plan in place. No plan? You are at the mercy of the clowns in Washington DC. Who's a better decision maker in regard to your insurance? You or Congress?

Make it happen now! Ryan is right

Comment on Contractors: Pay Your Workers Comp or Else! by Alison Moore Smith

Alison Moore Smith — Wed, 21 Jul 2010 07:03:32 +0000

We are building a custom home right now and our general (in Utah) just had a similar issue. Pay now or pay (big) later.

Comment on 3 Things to LOVE about Insurance by Ryan Hanley

Ryan Hanley — Mon, 12 Jul 2010 18:50:59 +0000

Haha… Thanks Thomas! If I wrote more I figured people would think I am completely crazy…

Comment on 3 Things to LOVE about Insurance by Thomas

Thomas — Mon, 12 Jul 2010 18:47:23 +0000

Great post Ryan. What – you could only come up with 3? But seriously, I love the topic.

Comment on 3 Things to LOVE about Insurance by Ryan Hanley

Ryan Hanley — Mon, 12 Jul 2010 17:08:24 +0000

As an Insurance Agent it is our job to break the common misconceptions of our Industry!

Thank you for your kind words!