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How can I find out if a letter stating there is unclaimed moneys are held for me from union fidelity life insurance company of new york are legitimate?
How do I trace the original insurance company of union fidelity life if it goes back 45+ years?
What do insurance companies do with the premiums people pay?
Part of it is used to pay the wages of the people who work for the insurance company, part of it goes as earnings to the people who own the company, and some goes out to cover damages that insurance holders claim compensation for.
What car insurance company is in the lead for customer satisfaction?
The auto insurance company that has the highest percentage of overall customer satisfaction for 2013 is USAA. Second place goes to Erie Insurance followed by Auto-Owners Insurance.
Is it a good idea to use your insurance carrier for subrogaion?
Subrogation occurs when an insurance company goes after the party responsible for an accident or damages. You would use your insurance company for subrogation. This is something that the company will handle on their own. In most cases you do not have to do anything.
Wash loan provision for insurance policy?
Not quite sure but I believe a wash loan is when you take a loan from your cash value life policy and pay it back with interest, most of the interest goes back into your own account with the insurance company taking a very small percentage.
How does an insurance company earn profit?
They take money just incase something goes wrong, if nothing goes wrong, they keep money. If something goes wrong $$$ > Income, insurance prices go up.
If a company goes bankrupt do you still get work comp?
Yes...that is actually paid by either an insurance company or a state plan.
Is an employer obligated to pay health insurance premiums when an employee goes on short term disability when they normally pay it if employee is not on short term disability?
The employer is obligated to follow its own written policy about employees out on short-term disability leave. The employer cannot, for example, pay for the president's health insurance when she is out on STD leave and then not pay for the entry-level clerk's health insurance when he is out on STD leave. If the employer does not have a written policy, then all employees who take a disability leave should be treated the same.
What is the difference between a company that is fully insured and one that is self insured?
A company that is fully insured goes to an insurance company and buys insurance. A company that is self insured does not buy insurance and plans to pay any claims out of the companies "pockets". For instance, if you own a home but choose not to buy home insurance, you are self insured if you should have a fire.
If you hit a parked car does your insurance go up?
Whether or not your insurance goes up if you cause an accident depends on your company Ask your agent.
What is the downside of Co Operative insurance?
"A co operative business is owned by their customers, and the same goes for a co op insurance company. The downside is that if the co op is not successful, the customers are not just without an insurance company, but they also lose their investment."
Does the employer have the right to disregard the disability if the policy of the company is to discipline an employee even though he has ADA?
Absolutely not it goes against the ADA.Its a federal law
