insurance news
State Farm to Stay Out of Flood Insurance Business
State Farm Insurance Co. decided recently that it will no longer write new flood insurance policies with the National Flood Insurance Program (NFIP), but that it will continue to service existing policies, and its agents will go on helping their customers obtain flood coverage via the NFIP’s direct distribution channel. Phil Supple, a State Farm […]
Read more20% of 2008’s New Life Insurance Policies Came from the Internet
People shop for car insurance whenever they purchase a new vehicle, or pay off an auto loan. They begin to compare homeowners insurance rates while still looking for their dream home. But how do people begin the search for life insurance? According to a joint project conducted earlier this year by LIMRA (the Life Insurance […]
Read morePet Insurance Reform?
Pet lovers will be pleased to hear about a new bill that just passed the California State Assembly. The bill which was sponsored by Dave Jones (D-Sacramento), would require pet health insurers to disclose – on the main pages of their websites – any policy that limits coverage. In addition, insurers would also have to […]
Read moreFEMA Discounts Flood Insurance for Homeowners Affected by Remapping
Homeowners across the United States who are concerned that they may be required to purchase flood insurance due to a recent push to redraw floodplain maps can relax a little; they’re being offered the mandatory coverage at a deep discount for two years. Senator Dick Durbin of Illinois said recently that the Federal Emergency Management […]
Read moreMissouri: Lions and Tigers and Bears – and Fees!
Lawmakers in the state of Missouri have approved new regulations, including the imposition of fees and an insurance requirement, for people who raise wild animals such as lions, tigers, and bears. Legislation sent to the governor will require a permit – which could cost up to $2,500 – for any resident of the “Show Me” […]
Read moreWyoming May Be At Greater Risk of Wildfires This Year
Wyoming residents may want to look carefully at their homeowners insurance policies this month, especially where fire insurance coverage is concerned. Why? Because according to national fire officials, a season of light snowfall is likely to mean greater risk of wildfires in the northwest part of the state this summer. Officials of the National Interagency […]
Read moreBP May Not Be Liable for ALL Oil Spill-related Costs
A new buzz around BP: there may be a federal law limiting the amount of money BP has to pay in damages, including lost wages and economic suffering, as a result of the recent Gulf Coast oil spill, despite President Obama’s assurances that taxpayers will not be liable. A 1989 law, passed in response to […]
Read moreEnd of an Era: St. Vincent’s Hospital Closes
For 160 years, St Vincent’s hospital in New York City was a stalwart figure in the world of healthcare. Today, the Greenwich Village hospital closed its doors forever. St. Vincent’s was founded in 1849, and served as the flagship of St. Vincent’s Catholic Medical Centers of New York, and recorded $502 million in total revenue […]
Read moreFlorida Insurance Reform Bill Passes Senate
It’s the final week of Florida’s legislative season, and it looks like the state Senate has it’s property insurance reform bill back on track. After the bill he sponsored (SB 2044) got hung up in debate last Thursday, Senator Garrett Richter ironed out some confusion regarding the timeline in which homeowners would be paid for […]
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