McLarens’ Post

As private insurers exit climate-impacted states, the burden falls on state-owned insurers, potentially destabilizing housing markets. The Hills article delves into how this #insurance crisis is compounding our national #housing challenges. Also discussed briefly, is the relationship between these issues and inflationary pressures that have caused havoc for the past year or so.

📊 Rising insurance costs are not just a financial issue—they're affecting the availability of affordable housing and contributing to inflationary pressures. The Hill covers why this insurance crisis needs immediate attention from policymakers and industry leaders. #Insurance #Inflation #Housing

The insurance industry must stop its "persistent demonising of victims of negligence to suit its own agenda", APIL has said in response to an article in the Scottish Daily Mail. In the article, insurers suggested that insurance bills are set to rocket for Scottish families. This was in reference to proposed regulations to increase the compensation allowance for tax and investment advice, which came out of a recent consultation on the range of factors to be taken into account when setting the personal injury discount rate. “Compensation is not a windfall. Every penny paid to people with catastrophic life-changing injuries is needed for care, support, and living costs, often for the rest of their lives,” said APIL’s immediate past president Jonathan Scarsbrook in a letter of response. “Alastair Ross (from the ABI) suggests quite shamelessly that severely injured people will have too much money," said Jonathan. “The reality is that the proposed change still falls far short of covering the cost of advice. Professional advice is vital for injured people. These are not canny investors. They are vulnerable and inexperienced, and need to ensure their compensation will stretch to meet their needs,” he said. Read APIL’s reaction in full here: https://lnkd.in/gt4g_Vpe #compensation #personalinjury #discountrate #investmentadvice #insurance

The reality of superannuation TPD insurance is that superannuation funds’ insurers are typically quite unwilling to acknowledge claims, causing much stress for those who don’t deserve it. Talk to Ryan Carlisle Thomas today to learn how we can help. #ryancarlislethomas #caringcommittedcourageous #superannuation #tpd #insurance

The reality of superannuation TPD insurance is that superannuation funds’ insurers are typically quite unwilling to acknowledge claims, causing much stress for those who don’t deserve it. Talk to Stringer Clark today to learn how we can help. #stringerclark #trulylocallawyers #superannuation #tpd #insurance

🚨 Estate Plan Alert 🚨 Beneficiary forms aren't the foolproof solution you might think! In fact, if you rely on beneficiary designations alone, you could be jeopardizing your children’s future. 😳 Discover the hidden pitfalls and how to avoid them in our newest article. ⭐Read the blog now! Keep reading and discover more here!👇 https://lnkd.in/g73sHXzE #BeneficiaryUpdate #TrustFundManagement #beneficiarydesignation #MinorBeneficiaries #FinancialAdvisor #trust #livingwill #insurance #beneficiaries #jarvislegacy #beneficiaries #insurance #estateplan #personalfamilylawyer #assetprotection #tax #estateplanning #livingtrust #will #endoflifecare #protectyourfamily #azfamily #utahfamily #legacycontact #lifetimeassetprotectiontrust #familyfirst #lifelegacyplanning

The INOU's e-Bulletin Issue 61 Credited Pay Related Social Insurance (PRSI) contributions: what they are and why they are very important. Credits earned during illness, unemployment, or training etc, help maintain a person’s insurance record without a break. Read more in our latest e-Bulletin:

🚨 Estate Plan Alert 🚨 Beneficiary forms aren't the foolproof solution you might think! In fact, if you rely on beneficiary designations alone, you could be jeopardizing your children’s future. 😳 Discover the hidden pitfalls and how to avoid them in our newest article. ⭐Read the blog now! Keep reading and discover more here!👇 https://lnkd.in/g9AKaHRf #BeneficiaryUpdate #TrustFundManagement #beneficiarydesignation #MinorBeneficiaries #FinancialAdvisor #trust #livingwill #insurance #beneficiaries #jarvislegacy #beneficiaries #insurance #estateplan #personalfamilylawyer #assetprotection #tax #estateplanning #livingtrust #will #endoflifecare #protectyourfamily #azfamily #utahfamily #legacycontact #lifetimeassetprotectiontrust #familyfirst #lifelegacyplanning

What is Income Protection?! - Does anyone have it? 🧐 To wrap up our discussion on Income Protection, I thought I'd throw a few numbers at you! 💹 According to the Association of British Insurers, 247,000 people in the UK took out an individual Income Protection plan in 2023. It's up from the previous year and actually the highest number since the ABI started recording these statistics in 2000! 👏 On the face of it this sounds fabulous! However, when you factor in that there are over 30 million employed people in the UK and a further 4 million that are self employed...that figure actually seems woefully inadequate doesn't it? 🤔 When I ask someone who doesn't have Income Protection why they've never taken it out, the two most common responses are either that no one spoke to them about it so they didn't even know it existed OR they think it will be too expensive and can't afford it. 💸 Firstly, there is no excuse for ANY protection adviser to not be discussing Income Protection with EVERY client they speak to. If as a client you choose not to take a plan out, after it's been properly discussed, then that's your prerogative. Although, how can you make the choice in the first place if no one tells you about it! Secondly, If you've never had a quote for this type of insurance you should know that there are many ways an Income Protection plan can be put together to make it affordable. That way you don't miss out on having this valuable cover in place should you ever need it. ✔ So I hope you've found out some interesting facts about Income Protection this week, and can now see why it's such an important policy to have. Next stop.....understanding Critical Illness Cover! 👍 Have a bee-uitiful weekend! 🐝 #protectioninsurance #insurance #incomeprotection #criticalillness #lifecover #beekeeper

Protection insurance provides crucial financial security. In 2023, record numbers obtained income protection policies. While we insure cars and homes by default, protecting our income and family should be just as automatic. Key options include Life Assurance, Income Protection, and Critical Illness Cover, all aimed at sustaining financial stability amid life’s uncertainties. Learn more here: https://heyor.ca/fLrujR #Protection #Insurance #FinancialSecurity #Stability