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Why Californians Aren’t Buying Earthquake Insurance?

San Francisco Earthquake No doubt after last earthquake near Napa, you’ve purchased or restocked your emergency kits, and rehearsed with friends and family what the plan is if another big one hits. And then, there’s earthquake insurance, or probably not. Most Californians if they’ve looked into it have already determined earthquake insurance is far too expensive for what they’re likely to get in return. According to Amy Bach, an executive director and co-founder of United Policyholders, a San Francisco based nonprofit that advocates for insurance consumers, people often go on rumors, and there is a lot of misinformation out there about earthquake insurance in general. Including in the agent/broker community. Now there’s a lot of folks out there selling it that really don’t know about all the options.Read More »Why Californians Aren’t Buying Earthquake Insurance?

Federal Unemployment Insurance Cut in Half

The House of Representatives passed HR 3630. This is an omnibus measure that contains a variety of items. Among them are the following: It would reduce unemployment benefits by one half cutting them from 99 to 59 weeks. It would let the last leg of federal unemployment insurance extension, 13 to 20 weeks to expire. This would impact the states with the highest rates of unemployment. It would require means testing of workers based on income. There would be a $5.00 charge for each reemployment. Waivers would be granted for workforce programs. States would be allowed leeway in Non Reduction… Read More »Federal Unemployment Insurance Cut in Half