insurance news
California Insurance Commissioner Announces Health Insurance Rate Transparency
You already know that shopping online can save you money on health insurance, but now the state of California has established a system that will alert consumers via email when new health insurance rates are filed in their individual markets. Speaking to the press, California Insurance Commissioner Steve Poizner said, “We want as many people […]
Read moreLead-based Paint Manufacturers in Rhode Island Sue to Recover Costs
After Rhode Island Superior Court Judge Michael Silverstein ruled, last May, that the state was not required to repay them, companies that sold lead-based paint have appealed the decision. The paint manufacturers argued that they were due reimbursement because in 2008 the state Supreme Court had ruled in their favor, reversing a landmark verdict that […]
Read moreInsurance Briefs: New Weather Insurance Company in MN
Earlier this month when we talked about the bizzare things people insure, we neglected to mention weather insurance, but there really are companies who offer such a product. It works much like wedding insurance, making sure that you get reimbursed for deposits and such if weather forces you to cancel any kind of event. A […]
Read moreFeds Announce Largest Healthcare Fraud Takedown Ever
Anyone who is, or has a parent who is, covered by medicare knows that healthcare fraud is a tangible risk. Some good news, then, on this Monday, is that Attorney General Eric Holder and HHS Secretary Kathleen Sebelius announced last Friday at a healthcare fraud summit in Miami, that the feds are in the process […]
Read moreHome Burglaries Up 9% in Texas, Allstate Says
Homeowners in Texas may want to consider boosting their homeowners insurance polices, and re-evaluating their inventory lists after reading this: Allstate Insurance has shared that burglary claims for their customers in Texas increased 9 percent last year. The insurer is advising people to keep their homes locked, their alarms engaged, and their vacation plans secret, […]
Read moreIPO for AIG’s AIA?
There may be an IPO for AIG’s AIA. If that seems like so much alphabet soup, let us explain: the board of directors of American International Group (AIG) is planning to meet later this week, in order to consider the future of one of it’s business units, and an IPO is the most likely outcome. […]
Read moreU.S. Sanctions Trigger Lloyd’s of London’s Refusal to Insure Iranian Petroleum Imports
While the oil spill on U.S. shores remains to be stopped, last week President Obama signed into law new sanctions designed to limit fuel imports into Iran, and increase the Islamic Republic’s international isolation. On the heels of that announcement came another: the British insurance company Lloyd’s of London, known for insuring high risk properties, […]
Read moreHealth Care Overhaul May Mean Longer Lines at ER
The Associated Press office in Chicago is reporting that healthcare overhaul may mean even longer waiting times in emergency rooms around the country. ERs are often the only choice for patients who don’t have access to walk-in clinics or primary care physicians, but under the new health law, more may be turning to emergent care […]
Read moreFive Bizarre Things People Insure
It’s a new month, so we’re taking a break from talking about BP and healthcare and instead offering a lighter topic. We’ve all heard of insuring homes, cars, and boats, but what really odd things do people insure? Here are five: Specific Body Parts: We’ve all heard of concert pianists insuring their hands, but last […]
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