Lapse in Coverage: Risks and Consequences in the Insurance Industry
A lapse occurs when a policyholder fails to pay premiums on time, resulting in policy termination and loss of coverage in insurance agreements.
Ryan Newman
Ryan Newman is an experienced insurance professional with over 20 years in the industry. He began as an underwriter, specializing in risk evaluation and coverage determination. His expertise includes creating risk profiles, tailoring policies, managing policy lifecycles, and streamlining claims processes. Known for his strategic approach and customer focus, Ryan has held senior roles in claims management and policy development. He shares insights at industry conferences and through published articles, promoting best practices in insurance.
Car Insurance Is Overpriced! Here Are My Top Alternatives: Save Money Now with These Smart Options
Car insurance rates can be excessive, prompting consumers to seek more affordable alternatives that offer better value without compromising coverage and protection.
Insurance Fraud: Uncovering Trends and Prevention Strategies in the Industry
Insurance fraud involves deliberate deception to gain benefits, impacting policyholders and leading to higher premiums. Common types include false claims, premium diversion, and health care fraud.
Best Insurance for Landlords: Essential Coverage Options Explained
Landlord insurance protects property owners from financial losses due to damages, liability claims, and loss of rental income, offering essential coverage options for effective risk management.
Best Family Travel Insurance: Top Coverage Options for Peace of Mind
Family travel insurance options provide essential coverage for unexpected events, ensuring financial protection for medical emergencies, trip cancellations, and lost belongings during family vacations.
Why Health Insurance Is So Expensive in 2024: Act Now to Secure Affordable Coverage
Health insurance costs are rising due to factors like increased healthcare expenses, regulatory changes, and demographic shifts, making affordable coverage more critical for consumers.
Actuarial Valuation Definition: Key Insights for the Insurance Industry
Actuarial valuation assesses the financial health of pension funds and insurance companies by evaluating assets against liabilities to ensure future obligations can be met.
Life Insurance from an Islamic Perspective: Ethical Considerations and Guidance
Life insurance in Islamic economics aligns with Shariah principles, focusing on Takaful, mutual cooperation, and risk-sharing while avoiding uncertainty and interest for ethical consumer choices.
Best Health Insurance for Seniors Over 70: Top Plans for Comprehensive Coverage
Health insurance for seniors over 70 includes comprehensive plans that offer coverage for medical expenses, preventive care, and specialized services tailored for older adults’ needs.
Best Health Insurance for Singles: Top Plans for Individual Coverage
Health insurance for singles provides essential coverage options, ensuring access to medical care, preventive services, and financial protection against unexpected health expenses. Individual plans vary widely in benefits.