US insurer to increase rates for vaping

Bloomberg reporting that one of the largest insurers in the US is planning to class people vaping, as they do smokers which we know means higher premiums.

Vaping has been under the spotlight recently in the US with more than a thousand cases described as “the tip of the iceberg” by Robert Redfield – the director of the Centres for Disease Control and Prevention.

Smoking is believed to be responsible for approximately 480,000 deaths per year in the US, according to the CDC in America.

At present Prudential’s e-cigarette premiums are less than others in the US, a stat that may well be changing given the growing concern and cases being connected to vaping.

At present some UK insurers can quote premiums based as non-smokers although people ‘vape’ – as long as 0% nicotine liquids are being used and have been used for a minimum of 12 months. Will this change in time, perhaps.