The High Cost of Earthquake Insurance – Most Homeowners In California Are Not Covered

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A house damaged in the 1994 Northridge quake.  Most homeowner are not covered by quake insurance.

Yves Didier has been a strong believer in earthquake insurance since the 1994 Northridge quake, when his apartment building was severely damaged and some of his neighbors lost their lives.  He didn’t hesitate to pay as much as $2,500 a year for coverage after he purchased a three-bedroom house in Reseda in 1999. He said he’s never missed a payment and (thankfully) never had to make a claim.

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Why Do We Need Health Insurance Companies?

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The LA Times asks an interesting question:

In short, this is an industry that acts as if it will have trouble making money unless regulators allow it to cover only injuries suffered by a young single male hit by an asteroid.

Meanwhile, however, it fritters premium income away on expenses generated largely by corporate initiatives having nothing to do with healthcare. WellPoint spent $2.6 billion repurchasing its own shares last year. This was such a good deal for shareholders that its board recently authorized spending an additional $3.5 billion for the same purpose. None of those dollars, it should go without saying, will be available for delivering healthcare to customers.

It would have been marvelous and uplifting if all the participants in Thursday’s health reform summit in Washington understood that as well as the insurers themselves.

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Using Facebook or Twitter Could Raise Your Insurance Premiums

 

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Looking for trouble when you Tweet?

Services such as Twitter, Facebook, Foursquare and Buzz can alert criminals when users are not home, according to Confused.com, the price comparison service. Foursquare, for example, shows that people are in a specific spot and, more importantly, that the user is definitely not at home, Confused.com added.

It predicted that the new wave in social media could eventually lead to big rises in home insurance premiums.

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Study: Driver Cellphone Bans Do Not Reduce Crashes

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Impact of cell phone ban doubted

A national crackdown on distracted driving takes an unexpected turn today. A new study shows that the number of traffic crashes did not drop in three states and the District of Columbia after they banned drivers from using handheld cellphones.The Highway Loss Data Institute (HLDI), an affiliate of the Insurance Institute for Highway Safety (IIHS), examined insurance claims for crash damage in New York, Connecticut, California and Washington, D.C., before and after handheld bans took effect and found no reduction in crashes.

 

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Woman Roused by Leaking Corpse

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Beauty can be found in death… but not in this story

 

A Modesto woman had to move out of her apartment when something horrible happened to her neighbour. Her upstairs neighbour died and no one knew for days… until she experienced it firsthand.

“It’s been a total nightmare,” says Sylvia Pena, Modesto resident. “I was sleeping on the couch… I was awakened by some drops that hit my face… I thought I was drooling,” explained Sylvia. It wasn’t drool or water dripping from her ceiling…

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$10M Healthcare X Prize Seeks To Reinvent U.S. Healthcare System

$10 Million Healthcare X Prize Seeks To Reinvent U.S. Healthcare System

Healthcare X Prize

Organizers of the X Prize, who have set up contests for space travel, DNA research and super-efficient cars, said on Tuesday they are offering $10 million to the winner of a contest to transform the health of people in a small U.S. community.

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da Vinci Si Surgical System Operates In 3D HDTV

 da Vinci Si Surgical System Operates In 3D HDTV

da Vinci Si Surgical System

Now even the clumsiest doctor can perform incredibly precise microsurgery with this latest da Vinci Si Surgical system, the only one in the world that operates in 3D HDTV. Using four robotic arms and one channel of HD video for each eye, the system reduces and filters a surgeon’s movements to an ultra-tiny scale, allowing minimally-invasive surgical procedures that aren’t possible using conventional means.

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