Wildfires Ignite Nevada Insurance Industry
At the July 31 Nevada Legislature Joint Interim Standing Committee on Commerce and Labor, Nevada Department of Insurance (NDOI) Commissioner Scott Kipper and Insurance Regulation Liaison Adam Plain provided an overview of the issues regarding affordability and accessibility of insurance. In particular, they addressed the challenges obtaining homeowners insurance and commercial habitational insurance for apartments […]
AB398 Causes Confusion
Assembly Bill 398 of the 2023 Legislative Session continues to be one of the most watched bills of the post-session. In concept, it is a simple bill but expansive in effect. AB398 would prohibit Nevada authorized insurance carriers from issuing or renewing a policy of liability insurance that reduces the stated limit of liability by […]
Private Mortgage Insurance Provides Woes for Lenders and Consumers Alike
When one hears the word “insurance,” you automatically think you are “covered” from any and all “qualified” loss that exists under the umbrella of that coverage. Unfortunately, that does not appear to be true as all types of insurance from medical to long term disability have been the subject of movies and articles slamming the […]
REALITY CHECK: Loan Modifications Rarely Include A Principal Reduction
Las Vegans are subjected to a non-stop barrage of commercials and advertisements from people and companies promising principal reductions through loan modifications. However, the majority of loan modifications do not include a principal reduction. The majority of loan modifications come in three different forms: The lender reduces your interest rate to no lower than 2%; The […]