Showing posts with label INSURANCE. Show all posts
Showing posts with label INSURANCE. Show all posts

News/Press Room

Investor Newsletter 2Q 2018
It seems that every week brings another twist and turn to news about the current state of the US economy and the impact it is having on corporations and consumers alike.

It is true; we are in a tough economic environment, especially for financial institutions. But the good news is that things are going well here at Alta Alliance. Our parent company, Western Alliance Bancorporation, continues to be profitable during these challenging times, and our bank continues to prosper.

We have had strong deposit growth, and as a result have money to lend to credit-worthy customers. Right now, we see our role as providing liquidity to the market of customers who have good credit scores, a history of stable cash flow and, if real estate is their investment, seasoned properties. Whether they want to purchase commercial real estate, expand their business or simply buy a new home, our customers know they have a partner in us and as their bank we will work hard to help them realize their financial goals.

As of June 30, 2018, we had $108 million in assets and $57 million in loans. During the quarter, deposits increased $1.3 million and loans grew $12 million. These results, as always, are due to the dedication, creativity and hard work of our entire staff.

Our quarter was not only marked by good business results but also by the first annual "AllianceLinks," a golf tournament and networking opportunity for our top customers and prospects. It was a big success, and we already have plans in place for next year's event. You'll find a brief article about the event in this newsletter.

As we enter the third quarter, we remain focused on our mission and our business goals, and we appreciate your continued support.

Arnold Grisham
Chief Executive Officer

AD Campaign
If you listen to the Oakland A's pre-game show, "Right Off the Bat," or read local magazines and newspapers you may have noticed that Alta Alliance Bank is telling its story through ads this year. Since the beginning of the year, the bank has periodically placed targeted ads in specific media outlets to convey its message of service and customer satisfaction to the public.

Oakland Magazine has run ads featuring our relationship managers and private bankers with a headline proclaiming that "We give you our best in banking services." The first ad ran in the annual "Best of the East Bay" issue of that magazine. In August, the ad is running again, with an additional Ad Profile of the bank featuring Relationship Manager Daryle Whyte with client Horizon Water and Environment. Diablo magazine highlights our expertise in serving the medical community, with an ad featuring Private Banker Janet Kenny and Relationship Manager Dorina Reid. And the Oakland A's spots, which run through October, feature e-deposit and other business services. Additional ads in newspapers and magazines have featured real customers with testimonials about the bank and bankers who serve specific communities. In the second half of the year, the bank will be featured in trade publications that reach specific audiences such as nonprofit organizations and churches.

Alliance Links
In June, the bank hosted its First Annual "AllianceLinks" golf tournament at Sequoyah Country Club in Oakland. This networking event was invitation-only to top customers who qualified with certain deposit or loan criteria, and nearly 100 enthusiastic golfers turned out. Throughout the course, players found treats at selected holes to refresh them-a "Cabo Wabo" hole offering Margaritas, chips and salsa; an "Energy" hole outfitted with trail mix and chilled candy bars; and a "Vintner" hole featuring wine, fruit and crackers. At day's end, everyone gathered for cocktails and hors d'oeuvres, and a presentation of prizes. Five players won prizes for Individual Net Competition and the top three teams won prizes for Four-Person Scramble. Response from customers and prospects was uniformly enthusiastic, so there will be a second annual AllianceLinks!

SVP Glen Lezama (left) enjoyed a day on the links with bank clients Mike Piasente, and Lisa and Bob Tuck.

Clients Len Goode (left), Jim Falaschi, Ces Butner formed a foursome with SVP Ron Haskins.

SVP Kiran Rai (in green shirt) enjoyed friendly competition with clients Kanwar Bagai and Naresh Kapahi and guest Jai Singh.

Is everyone eligible for insurance?

Everyone is eligible for a policy, regardless of your credit history. However, the better your credit is, the cheaper your policy will be. You can always get insurers to help you with what you need to find a plan that offers you a product based on your financial standing and personal situation. There is no need to hesitate when looking to find online insurance companies because you are afraid that companies will deny you because of your bad credit history.

Is all insurance required?
Depending on your other plan, some plans that are inclusive of all your other policies may require you to have a plan in place. When you find the right provider to deal with, make sure if it deals with specific policies separately or if it combines all types of coverage into one plan. This way you can know what type of protection you are getting.

How much protection do I need?
The more you have, the less out of pocket cost you will need to pay in case of an emergency. You can determine how much you would like depend on your financial situation and how much you can afford per month. Each type of coverage comes with its own price and amount that you have to pay, so you should judge each type individually.

What does property damage insurance cover?
This looks after you in case of things like theft and vandalism. While some providers will not offer vandalism coverage, you can find an insurer that does. This is definitely recommended because you can never be too secure when it comes to your property. With so many cases of property damage these days, it is very important that you secure your possessions with a policy.

Residential Insurance

Homeowner's Insurance is a form of property insurance to protect an individual's home against damages to the structure of the house, or to personal property within the house. Homeowner's insurance also provides liability coverage against accidents in the house or on the property.

Renter's Insurance is a form of property insurance that provides coverage for a policy holder's belongings and liability within a rental property. Renters insurance applies to people renting or subletting a single family home, apartment, duplex, condo, studio, loft, or townhome. The policy protects against losses to the tenant's personal property within the rented property. In addition, a renter's insurance policy can protect against losses resulting from liability claims, such as injuries occurring on the premises.

Dwelling Insurance offers protection to a landlord.
Recreational Vehicles & Water Vehicles can also be insured.

Umbrella Insurance provides coverage over and above your auto and homeowner limits, in the event of a catastrophic loss.

Flood Insurance provides coverage from floods associated with hurricanes, tropical storms, etc.

Frequently Asked Questions about Burial Insurance

Burial insurance is becoming increasingly popular among people who want to guarantee their funeral expenses are covered when they die. Though it is not a new form of insurance, it is one that few people know a lot about. To help you learn more about it, we have put together the FAQs that people often ask about burial insurance:

1. What is burial insurance?
Burial insurance is a kind of life insurance that is purchased solely for the purpose of meeting funeral and burial expenses upon one’s death. As such, the benefits are rather small when compared to a life insurance policy, which could pay out hundreds of thousands of dollars. Burial insurance is a good option for people who have no life insurance but still want to make sure their final expenses are covered.

2. How much does it cost?
It is impossible for us to say, with any certainty, how much burial insurance costs the average consumer. There are too many factors in play. What we can say is that monthly premium payments are in line with standard life insurance premiums. In many cases, they may be substantially lower. How much you would pay depends on the amount of coverage you want, your age, and certain health conditions that could shorten your life expectancy.

3. How much coverage should I purchase?
The average burial insurance policy will not exceed $25,000 or so. This is not a problem, given the fact that the average funeral these days costs about $8,000. Determining how much coverage you purchase depends on what kind of funeral and burial you are hoping to have. You can talk to a local funeral director to get a good idea of current costs, and then adjust for inflation.

4. Do benefits have to be used to pay burial expenses?
Most burial insurance policies pay a cash benefit directly to the beneficiaries listed on the policy. While it is generally accepted the benefits will be used to pay funeral and burial expenses, there is no one looking over the shoulders of survivors to make sure that happens. The money could be spent on other things. Having said that, there are some policies in which the insurance provider works directly with a funeral home to cover costs. In such a case, all the benefits would go directly to the funeral home.

5. Can anyone qualify for burial insurance?
There are exceptions to every rule, but almost anyone can get burial insurance without a problem. Age and health are not a basis for disqualification. Having said that, age and health can affect monthly premiums and eventual benefits. Each insurance provider looks at these factors differently.

6. Can a burial insurance policy be canceled?
The typical burial insurance policy cannot be canceled once the first premium payment is made. Having said that, a policyholder could simply stop making monthly payments and the policy would be automatically terminated. However, doing so also means there would be no benefit upon the policyholder’s death. The one exception to this rule is burial insurance with a modified benefit. In some cases, such policies do offer a limited number of options for cancellation.

7. How do I apply for burial insurance?
Applying for burial insurance is pretty straightforward. You start by comparing policies from as many providers as you deem necessary. Once you decide on one, you contact the company and ask for an application. It usually takes several days from the time the completed application is received to get a decision from the insurer. Once approved, the policy is underwritten and put in force at the receipt of the first premium payment.

Burial insurance is nice to have if you have no other way of paying your funeral and burial expenses. Purchasing a policy relieves your survivors of the responsibility of making payment arrangements. That is a good thing. After all, they will have enough to worry about when you pass on.

Payment Protection Claims

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Since January 2005, the sale of Payment Protection Insurance (PPI) policies have been regulated by the Financial Services Authority (FSA).

Payment Protection Insurance is designed to cover you in the event of you falling ill, having an accident or losing your job which then prevents you meeting the payments on your loans or credit cards.
Below are a few points you may not be aware of:
The FSA’s rules are very clear with regards to what Firms and their Advisers selling Paymenty Protection Insurance (PPI) should do during the process of selling this product to you.Protection Claims

If Payment Protection Insurance was optional on the product you bought, this should have been made clear to you. The firm / adviser should also have made you aware of any significant policy exclusions and checked whether any of these exclusions would apply to you.

The firm / adviser should have made it clear how much the policy would cost and whether the Payment Protection Insurance would be paid for by a single premium, or by regular monthly premiums.

If it was a single premium policy, then the firm / adviser needs to have made it clear that the cost of the insurance would be added to the loan or finance agreement. The firm / adviser should also have made it clear that you would pay interest on the insurance premium.

If the insurance is due to expire prior to your loan or finance agreement ending, the firm / adviser should have made it clear that this was the case and (in the case of single premium policies) this would mean that you would continue to pay interest on the insurance premium after the insurance had expired.

If a firm / adviser tried to persuade you to take out Payment Protection Insurance by saying something along the lines of ‘we would strongly recommend that you consider taking out Payment Protection Insurance’, the sale has then moved from a ‘non-advised’ sale to an ‘advised’ sale.

If this happened to you and you did not receive a demands and needs statement (see below), then you have grounds for complaint.

There are certain additional requirements on firms and advisers that carry out ‘advised’ sales.

With an advised sale the firm / adviser must assess whether you need Payment Protection Insurance. This would involve completing a full fact which would enable them to consider your circumstances and any existing insurance you might have. The firm / adviser must also assess whether the policy, including its costs, is right for you.

If the policy does not meet all your needs, perhaps because of one of the exclusions, the firm / adviser must clearly tell you which of your needs the policy will not meet and must take this into account when considering whether to recommend the policy to you.

With advised sales, the firm / adviser must issue a demands and needs statement (Suitability Letter) to show why a particular policy has been recommended and why it is suitable for you.

Firms or advisers giving advised sales must keep records showing that a suitable recommendation was made, and recording any demands and needs that might not have been met.

Crude Oil

Petroleum, in one form or another, has been used since ancient times, and is now important across society, including in economy, politics and technology. The rise in importance was mostly due to the invention of the internal combustion engine, the rise in commercial aviation and the increasing use of plastic.

The top three oil producing countries are Saudi Arabia, Russia, and the United States. About 80% of the world's readily accessible reserves are located in the Middle East, with 62.5% coming from the Arab world: Saudi Arabia, UAE, Iraq, Qatar and Kuwait. The top three consuming regions are United States, China and Japan.

Oil prices are largely controlled by OPEC, or the Organization of the Petroleum Exporting Countries, including Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. These 12 countries control 40% of the world's crude oil supply. This puts OPEC in the unique position of having a lot of influence on the price of gas around the world. OPEC controls gas prices by either increasing or decreasing the amount of oil available. If the amount available goes down, the prices go up. This is the law of supply and demand. This increase or decrease in supply by OPEC can affect the cost of oil in indirect ways as well. The cost of crude oil controls more than just the price of gasoline; heating costs are also affected. Higher gas prices also influence the cost of travel. If gas prices are high, car buyers are more likely to buy smaller, more gas efficient vehicles. Fewer families can afford to travel, decreasing the money brought into the economy by tourism.

Crude oil began futures trading on the NYMEX in 1983 and is the most heavily traded commodity. Crude Oil Futures trade in units of 1,000 U.S. barrels (42,000 gallons). Crude Oil Futures trade 30 consecutive months plus long-dated futures initially listed 36, 48, 60, 72, and 84 months prior to delivery. Additionally, trading can be executed at an average differential to the previous day’s settlement prices for periods of two to 30 consecutive months in a single transaction. Crude Oil Futures are quoted in dollars and cents per barrel. The price of a barrel of oil is highly dependent on both its grade, determined by factors such as its specific gravity or API and its sulphur content, and its location. The vast majority of oil is not traded on an exchange but on an over-the-counter basis. The price of oil, like the price of all commodities, is subject to major swings over time, particularly tied to the overall business cycle.

How to Find the Best Currency Trading Course

Today’s economy should make you change a lot in your financial actions. We all need to be careful when investing and spending so that we would not end up losing our wealth. Investing in a foreign market exchange should make you find the best currency trading course available today. We could not deny the fact that you have to be an analyzer when it comes to this kind of investment.

Here are the best currencies trading courses that are available now:

Forex Trading Machine – This is created by Avi Frister. This course is based on the mechanical model of trading. It looks directly into price action. It does not include pivot points, chart patterns, Bollinger bands and moving averages that require much of the user’s judgment.
Bird Watching in Lion Country – This is created by Dirk Tu Toit. This course provides a step by step procedure on how you can make money. It also effective since it tells you what to avoid whether you are a beginner or already an experienced trader.
Traders Secret Code – This is created by Mark Mcrae. This course is in Video format that uses the powerful tools like Fibonacci, MACD, and RSI. This assumes that you know the basics of trading. This is however not recommended for novice traders. This course will best suit those who have already done the basics.
The best currency trading course should inculcate in you the better rational and critical thinking. It should push you to make strategies and perfect them. The course should not only be focused to a single problem or situation. It must develop in you your own theories and problem solving strategies so that you can make it in this very competitive field. The three courses I have mentioned here are worth recommending.

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