Cheers to the Holidays: December Highlights & Updates!
- sammijo0
- Dec 11, 2024
- 3 min read
As we step into December and the final month of the year, we want to take a moment to thank you for your continued trust and support throughout 2024.
This month is all about reflection, celebration, and preparing for the opportunities ahead.
We’re excited to share the latest updates, highlights, and what’s to come in the new year.
We look forward to finishing the year strong together and entering 2025 with even more possibilities!
Wishing you a wonderful start to the season!
Doctors hail first breakthrough in Asthma and COPD treatment in 50 years!.
Doctors are hailing a new way to treat serious asthma and chronic obstructive pulmonary disease attacks that marks the first breakthrough for 50 years and could be a “gamechanger” for patients.
A trial found offering patients an injection was more effective than the current care of steroid tablets, and cuts the need for further treatment by 30%.
The results, published in the Lancet Respiratory Medicine journal, could be transformative for millions of people with asthma and COPD around the world.
Did you know that Insurance companies offer cover for home executives?
Taking care of a home and children is one of the most important jobs anyone could have. Despite home executives taking care of many duties, covering them should they suffer a serious illness or injury, or should they even pass away, is not something we consider when taking out life insurance.
Why it’s important for home executives to have insurance cover
Just as important as it is that the breadwinner in a household should have insurance that will cover them and their families should they not be able to provide financially because of disability or death, it’s essential that a family have enough cover for a home executive.
Home executives are often responsible for things like childcare, transporting children to and from school and various extracurricular activities, taking care of the household, and so much more. What would happen if they suffered a serious illness or injury that prevented them from doing these things? The family would need someone else to take care of those duties, probably at a significant cost.
Common reasons insurance claims are denied: What you need to know!
While stories abound of people fighting with their insurance companies over one or other issue – although friends and family may not be a reliable source – a minimal number of complaints reached the office of the Ombudsman for Short-term Insurance (OSTI) last year.
And, based on the figures, it seems that those complaining are mostly not in the right. This, according to the report, was due to factors such as policy exclusions, a lack of people taking “due care” of their possessions, lack of maintenance or wear and tear when it comes to homeowner’s insurance, as well as “criteria for the insured event not being met,” which includes premiums not being paid.
Just more than 5.5 million claims were filed with short-term insurance companies last year. Over the same period, OSTI received 10 228 complaints – or around 0.19% of all insurance claims.
The bulk of these claims were wrapped up by OSTI, while 1 168 were resolved in favour of the insured party – or about 13%. And, in almost 92% of cases, the insured party felt they were not treated fairly, with many issues hinging around a lack of information
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The information provided in this newsletter is for informational purposes only and should not be construed as professional advice. While we include links to helpful third-party websites, please note that we don't control or guarantee the accuracy of the information on those sites. We encourage you to reach out to our office if you need personalized advice. We're not responsible for any actions taken based on the information shared here or through the links provided.
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