After purchasing a property in the United States, purchasing home insurance is essential. A good house insurance can provide homeowners with financial compensation when their house encounters an accident or sudden disaster. In particular, damage caused by natural disasters to residential buildings is common in the United States. Heavy rains, floods, tornadoes, earthquakes, and wildfires may all cause devastating disasters to residential buildings.

The commonly known "Obamacare" refers to the "Patient Protection and Affordable Care Act" signed by President Obama in 2010, commonly known as the Obamacare Act or "Obamacare". It requires American residents to purchase medical insurance and companies that employ 50 or more full-time employees. Employees must provide medical insurance, otherwise they will be fined; the federal government also provides tax credit to individuals and families with incomes between 100% and 400% of the poverty line to help pay for insurance; and it has established a Marketplace to provide medical insurance plans that meet the requirements.

After purchasing a new home, homeowners will want to know all that their home insurance covers. Especially for those large household appliances, once they break down, it may cause expensive repair costs, and replacement is even more time-consuming and troublesome. This article will explore whether home insurance covers water heaters.

Owning your own property is a joy, but homeowners also have to face many issues related to their property. For example, winter is approaching in Texas. The devastation caused by last year's snowstorm resulted in many claims from home insurance companies, and then comes the long months of hail season. Therefore, when buying a house in the United States, you must buy home insurance to protect the owner from compensation for financial losses in the event of an accident or sudden disaster. Let’s talk about home insurance claims today.

In the United States, you need to buy insurance for your house, car, and personal life. Here we will first talk about Home Insurance in the United States, which protects homeowners from compensation for financial losses when they encounter unexpected or sudden disasters. Lending banks will also require you to buy house insurance, otherwise they will not lend you a loan. The house cannot be transferred without house insurance during the transfer.

Home insurance costs in Canada are set to rise sharply this year due to soaring replacement costs and extreme weather events, but experts say there are ways homeowners can keep costs in check, a new analysis shows.

National home insurance prices rose 7.66 per cent in January compared with the same period last year, according to a report released Tuesday by My Choice Financial, a Canadian insurance aggregation and comparison website .
Source: globalnews
Daniel Ivans, an insurance expert at Ratesdotca, said: “As long as claims continue to increase, the insurance industry will increase rates to repay these claims.” He told Global News: “Obviously there will be benefits for first-time buyers and even anyone with a budget. Bringing increasing financial pressure as insurance costs increase significantly."
Meanwhile, the Bank of Canada continued to hold interest rates at 5.0% in its latest decision on Wednesday.
High mortgage rates have put a heavy strain on homeowners, especially those with variable mortgage plans.
While Canada's overall inflation fell to 2.9 per cent in January, My Choice's report said soaring home repair and replacement costs are causing insurance premiums to rise.
Climate-related disasters and higher insurance claims are also major factors.
Vitalii Starov, vice president of growth at My Choice, told Global News: “Home insurance prices depend on proximity to areas where natural disasters occur most frequently.” “While it’s not as important for Canada as it is for the U.S.,” he said. This becomes increasingly important as climate changes."
After a warmer-than-normal winter, experts warn Canadians should prepare for extreme weather events, including droughts, wildfires and floods in the spring and summer.
Source: globalnews
According to the Insurance Bureau of Canada, insured losses in Canada due to natural disasters and extreme weather events exceeded C$3 billion in 2023, making it the country's fourth-worst year for insured losses.
“For the second year in a row, we have seen Canada lose over $3 billion in claims related to weather phenomena,” Ivans said.
Last year, Canada experienced a record forest fire season, with approximately 18.5 million hectares of land burned.
Ivans said if the situation continues, it could result in higher home insurance rates this year.

The high growth in Medicare Advantage ( MA) premiums has put obvious pressure on the government's finances. In order to reduce its own challenges, the US Medicare Service (CMS) released the final versions of MA and Medicare Part D for 2025 on April 4 According to the rules, MA premiums were only raised by 3.7%. Except for Cigna, the stock prices of the other four major insurance companies all fell significantly that day. Humana, which is entirely focused on medical insurance business, fell by as much as 2 digits.

As we all know, the U.S. health insurance system has a complex structure designed to provide a wide range of health protection options for different groups of people. The main structure includes the following aspects:

01 social medical insurance

The CEO of the largest health insurance company in the United States was shot and killed, causing cheers. Why? Let’s talk about health insurance in the United States today.

On the morning of December 4, 2024, UnitedHealth Insurance Company CEO Brian Thomson was shot and killed. Not only did the American people fail to condemn the gunman, but it also triggered a crusade against the harsh treatment of health insurance claims by the American people and made pranks on social media. , because I have not obtained pre-authorization, I have no right to mourn!

The first quarter has passed, and health insurance is still worthy of attention. Judging from the data of domestic listed insurance companies, the overall growth rate of health insurance is relatively eye-catching. Taking PICC and Ping An as examples, from January to March this year, PICC’s health insurance business achieved original premium income of 24.536 billion yuan, a year-on-year increase of 8.2%; Ping An’s health insurance business achieved a cumulative original premium income of 5.273 billion yuan, a year-on-year increase of 10.7%.

Tesla’s self-operated insurance has had its own halo since its launch and attracted widespread attention. From the release of the "InsureMyTesla" brand insurance in 2016 to the official launch of UBI insurance in the United States in 2021, Tesla's self-operated insurance has gone through 8 years. Tesla's self-operated insurance has inherent advantages: all Tesla models come with built-in Internet-connected cars, and Tesla, as an OEM, can master accurate and real-time driving behavior data. Musk has also ambitiously stated that Tesla’s self-operated insurance business will account for 30% of Tesla’s overall revenue in the future. 

Car insurance rates have risen alarmingly, causing consumers worried about shrinking their wallets to look for other ways to insure their cars. Popular options include increasing deductibles and charging by the mile, which can help some consumers save hundreds of dollars each year.

Analysis of the U.S. Pension System

The U.S. pension system, after more than 200 years of development, has evolved into a comprehensive framework, primarily consisting of three pillars known collectively as the "Three-Legged Stool": the government-led, mandatory Federal Retirement System (the first pillar); the employer-led, jointly funded by employers and employees, Corporate Pension Plan (the second pillar); and the individually responsible, voluntary Personal Retirement Plan (the third pillar). These three pillars complement each other, jointly providing retirees with multiple channels of reliable pension security.

With the rapid development of China's economy, numerous citizens have stepped into a more affluent life stage, and every year, a large number of Chinese tourists purchase luxury goods, real estate, automobiles, and insurance around the world. Recently, I have encountered many clients who are traveling to the United States or giving birth in the United States, and I found that when choosing insurance products, they often only focus on the rate of return, while having limited understanding of the specific advantages of purchasing life insurance in the United States. Today, let's delve deeper into the unique aspects of American life insurance.

In recent years, an increasing number of parents plan to send their children to study abroad. According to a recent global survey released by HSBC, nearly half of mainland parents surveyed are considering arranging for their children to study abroad at university level. Among them, many parents have begun financial planning for future education expenses before their children enter primary school.

Why you need to buy insurance

Traveling to the United States or visiting family during a long vacation must be an exciting experience. But if you don’t have insurance in a foreign country, your travel experience can become frightening at any time. As far away as New York, a Chinese cut his finger while peeling an apple. He went to the hospital for five stitches and was charged more than 3,000 US dollars. In nearby Hangzhou, a tourist spent more than 20,000 yuan to treat his son's dislocation in an American hospital. Real examples tell us: medical expenses in the United States are very expensive, and it would be extremely risky to have no medical insurance in the United States. This is why health insurance is compulsory for U.S. residents.

More and more high-net-worth individuals are looking abroad for family wealth management and risk management tools. As a financial product that combines these two functions, U.S. insurance has naturally attracted much attention. Let’s take a look at what advantages American insurance has to attract everyone.

The open application period for long-term medical insurance for domestic residents in the United States in 2024 starts on November 1, 2023 and ends on January 15, 2024 (a few states have different open application dates). The insurance plan will be effective from January 1, 2024 at the earliest.

The United States, renowned globally for its top-notch medical expertise and cutting-edge facilities, nonetheless deters many due to its sky-high medical costs. Distinct from many other countries, the U.S. healthcare system is unique, with private companies taking the lead in providing health insurance while the government plays a regulatory and partially funding role. In this context, purchasing health insurance has become a necessary path for ordinary Americans to ease their medical burdens.

AIA " Ying Y3 " ,The prepayment interest rate is 6%/8%/4.5% , which is limited to prepayment for 1-2 years and ends on December 31;
Manulife's " Macro Z Heritage (5 years)" prepayment interest rate of 4.5%/4.8% continues until January 2, 2025;
For Prudential " Juan F (5 years) " , the prepayment interest rate is extended to 4%/5% and ends on December 16 ;
Wantong's " Fu R Qianqiu (5 years)" prepayment interest rate remains unchanged at 8% ( only 1 year ) and is expected to end on January 3, 2025;
China Life Overseas’ “ Smart Y Generation (Excellent) ” prepayment interest rate is 4% and is expected to be promoted until the end of December;
The prepayment interest rate of Taisho Hong Kong's " Young Years Enjoyment " is 4.5% , which ends on December 31;
BOC Life’s “ Building F Generation ”, the prepayment interest rate of 5% remains unchanged;
CPIC Life Hong Kong's " World D Enjoyment 2 ", the five-year prepayment interest rate remains unchanged at 4.5% , ending on December 31;
Sun Life's " Ten Thousand Years Q·Galaxy Exclusive/Inheritance " , the prepayment interest rate remains unchanged at 4.5% , and ends on December 31;