world events
COVID-19 + Health Insurance
The Covid-19 outbreak served as a crucial learning opportunity for health insurance companies and policyholders alike. It highlighted the inadequacies of our healthcare system while presenting regulators with an occasion to address the gaps and introduce new features that provide better and more comprehensive coverage for health insurance policy buyers. Let’s explore the improvements made […]
Read moreNFIP Renewed Again
Under yet another short-term consolidated appropriations bill, H.R. 2055, which was passed by the U.S. House of Representatives and the U.S. Senate, and signed into law by President Obama on the last business day before Christmas, the National Flood Insurance Program has been renewed again – this time until May 31, 2012. Had the bill […]
Read morePress Release: Disabled Workers Fleeing Job Market
Senator Tom D. Harkin (D-Iowa) issued a press release yesterday morning, about the status of disabled employees in the American workplace. Because we feel this issue is important, we are running the full text of the release: WASHINGTON, April 12 — The office of Sen. Tom Harkin, D-Iowa, issued the following news release: This morning, […]
Read morePresident Obama Signs Washington Disaster Dec
Yesterday afternoon, President Obama signed the federal disaster declaration ordering federal aid as a supplement to state and local recovery efforts Washington state. The declaration applies to seven counties that were hit by severe winter weather in January of this year, that included flooding, mudslides and landslides. The counties affected are King, Kittitas, Klickitat, Lewis, […]
Read moreAlabama Has Been Paid, BP Says
Representatives of BP, the oil company responsible for the Deepwater Horizon catastrophe in the Gulf of Mexico earlier this year, said it’s paid more than $657 million to the state of Alabama for claims, grands and recovery costs. The petroleum company released those numbers among other updated figures earlier this week, and said that the […]
Read moreCalifornia Insurance Commissioner Files Lawsuit to Prevent Iranian Investments
Steve Poizner -a California Insurance Commissioner, has stated that he is filing a lawsuit challenging last month’s decision from the California Office of Administrative Law (OAL) that his efforts to prevent insurance companies from investing in Iran constituted an “underground regulation.” Poizner’s lawsut contests the OA’s analysis of this issue and also seeks to clarify […]
Read moreFlorida Says Latest $25 million from BP Not Enough
The state of Florida, the Insurance Journal reports, is unhappy with BP. Again. The troubled oil company brought $25 million more to Florida on Tuesday, but the reaction was not gratitude, but criticism. Florida Governor Charlie Crist and three independently elected Cabinet members asked for more money from BP, and demanded it swiftly in order […]
Read morePreliminary Loss Estimates Announced for Chilean Quake
Bermuda-based Everest Re Group has announced its preliminary loss estimate for exposures relating to the earthquake in Chile and the recent European windstorm known as Xynthia. The total? Earthquake: $225 million, Xynthia: $25 million. Representatives of the company told the press that the “…currrent estimates for these events are based on underwriters’ preliminary analyses and […]
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