June 3, 2022

New VA Benefit Will Sell Guaranteed Life Insurance to Most Veterans

A new Department of Veterans Affairs life insurance policy for veterans of any level of disability rating is just six months away from launching.

In a blog post Monday, the VA reminded veterans it will begin offering Veterans Affairs Life Insurance, or VALife, on Jan. 1, 2023, in line with a law passed last year, with applications opening that day.

VALife will be open to all veterans 80 years old or younger who have a disability rating of 0 to 100. Older veterans will also be eligible if they applied for VA disability compensation before age 81 but did not receive the disability rating until after turning 81, and if they apply for the life insurance within two years of getting the rating.

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“The new program meets the needs of service-connected veterans who may not have previously qualified for life insurance with VA,” the blog post said.

VALife is what’s known as guaranteed acceptance whole life insurance. That means no medical exams or health questions are required to be approved, with the VA in its blog post saying the plan will have

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June 3, 2022 by INSURANCE

What is an insurance rider in a homeowners insurance policy?

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.

If you’re worried your homeowners insurance policy doesn’t provide enough protection, you may want to take out an insurance rider for additional coverage. (Shutterstock)

Homeowners insurance can give you peace of mind that your home and financial interests are protected. How much coverage you get from homeowners insurance varies by policy, but you generally get some level of protection when it comes to liability, your home’s structure, your belongings, and additional living expenses. 

That being said, homeowners insurance policies don’t cover everything, and you may need to purchase an insurance rider to get the full coverage you want. 

Here’s what you need to know about insurance riders.  

With Credible, you can easily compare homeowners insurance quotes from top insurance carriers.

What is a homeowners insurance rider?

A homeowners insurance rider acts as an add-on to a homeowners insurance policy. You may also hear riders referred to as endorsements or

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June 3, 2022 by INSURANCE

4th insurance company limits writing new business in Florida

TAMPA, Fla. (WFLA) — A Tampa Bay area homeowner is angry at state lawmakers.

Tina Hemme, a health care worker from Palm Harbor, is scrambling to secure property insurance before a storm hits. Meanwhile, 8 On Your Side has learned a fourth insurance company is now limiting business in the Tampa Bay area.

“They’re not listening,” Hemme said. “They may say they care about their constituents, I don’t believe it.”

During a special session last month, state lawmakers passed significant reforms. They say the market will eventually stabilize. Until that happens, 8 On Your Side is striving to continue to expose the reality on the ground for families.

A month ago, Lighthouse Property Insurance sent Hemme a cancellation notice. The company was losing money and was forced to liquidate.

“We have been – literally every day – stressed, stressed, stressed,” Hemme said. “Right now, paradise doesn’t look like paradise to us anymore.”

As Hemme waits for Florida’s new property insurance laws to kick in, another company – Heritage Insurance – is suspending new business in multiple counties, including Polk County.

Heritage is joining three other insurers also declining to take on new homeowners in parts of the state: Southern fidelity,

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June 3, 2022 by INSURANCE

Law firm’s employment agreements prompt D.C. bar ethics case

Lawyers walk with their briefcases towards the federal court house in San Diego, California June 22, 2015. REUTERS/Mike Blake

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  • Bar disciplinary office‘s ethics claims against Tully Rinckey tied to restrictions on lawyers
  • Tully Rinckey said it will contest the bar’s allegations

(Reuters) – The two founding partners of law firm Tully Rinckey were accused in a newly filed ethics case in Washington, D.C., of imposing anticompetitive provisions in employment agreements and placing unfair restrictions on departing lawyers.

The Washington, D.C., bar’s office of disciplinary counsel alleged in its ethics case, disclosed on Wednesday, that Matthew Tully and Gregory Rinckey violated several provisions of the rules that govern attorney conduct in the nation’s capital.

The disciplinary office’s “specification of charges” said Tully and Rinckey curbed “the rights of lawyers to practice after termination of their relationship with the firm.” The office also alleged policies and practices at the firm “prevented or impeded clients from choosing to continue to work with lawyers who were familiar with their cases.”

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The 70-lawyer firm said in a statement that the

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June 3, 2022 by LAW

#387: Change Your Law Firm (and Your Life) with Systems, with Jay Ruane
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#382: Is Going Solo the Right Way?, with Carolyn Elefant

Lawyerist talks with Solo by Choice author, Carolyn Elefant, about starting a solo law practice and if going solo is right

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June 3, 2022 by LAW
June 2022
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