In many cases, yes, flood insurance is worth reviewing, even if you’re not in a designated high-risk flood zone. Flooding remains the most common natural disaster in the United States, and Michigan has experienced significant flood events in recent years,…
What is Medical Loss Ratio? Medical Loss Ratio (MLR) is the percentage of premiums an insurance company spends on member care, claims, and administrative expenses that improve healthcare quality. What is the Medical Loss Rebate? The Patient Protection and Affordable…
Cybercriminals create new advanced social engineering tactics and target small and medium-sized businesses. For example, the FBI estimates that cybercriminals stole more than $28 billion through email fraud from 2016-2020, with an average loss per incident of more than $150,000. Social engineering fraud involves…
When your homeowner’s insurance policy renews, there are a few factors to keep in mind about the replacement cost of your home. These adjustments can be confusing, especially when they result in higher coverage limits or premiums. Understanding how replacement…
Most of us are aware that we should not openly share our passwords with anyone and should avoid reusing the same password for multiple accounts. There are also precautions like having a strong password, using an email address as your…
There is more to your home than just a roof over your head. It’s the place you raise a family and make memories. There are also threats and dangers in and around your home, placing you vulnerable if the unexpected…
One trusted employee. Over $1,000,000 gone. And almost no coverage left to recover it. That’s not a hypothetical — it’s a real claim our team at Mason-McBride handled for one of our clients. The client’s Office Manager had been embezzling…
Material misrepresentation in insurance happens, even if it’s accidental. It’s important to properly document and disclose accurate facts when obtaining or renewing insurance policies. Otherwise, you could be in danger of material misrepresentation, leading to possible issues if you ever…
The American Rescue Plan Act (ARPA) was signed into law by President Joe Biden on March 11, 2021. Here is an overview of three temporary provisions affecting employers. These provisions are effective April 1, 2021. COBRA Premiums — Extended…
On February 25, 2021, Michigan Governor Gretchen Whitmer proclaimed Independent Insurance Agents Day to recognize the valuable contributions of independent insurance agents to businesses, individuals, and the state’s economy. At Mason-McBride, we are proud to serve our clients as independent…
