insurance news
California Assembly Advocates Pet Insurance Reform
You can’t declare them as dependents or write off their expenses, but to many of us, our pets really are part of the family, and many of us spend hundreds of dollars a year on pet insurance, just in case a major veterinary event occurs. Now, California Democratic Assemblyman Dave Jones has taken inspiration from […]
Read moreTexas Wind Insurance Assoc. Asks for 5% Increase
Some homeowners insurance in Texas is about to get a little bit more expensive, as the Texas Windstorm Insurance Association (TWIA) has filed for five percent increases in both commercial and residential rates, to go into effect on the first of next year. TWIA is the state’s “last resort” insurance company, providing wind and hail […]
Read moreDes Moines Seeks Money to Buy More Properties in Flood Zone
Spurred on by recent heavy rains, officials in the city of Des Moines, IA, are seeking more money to buy properties in a flood-prone part of the city, along Four Mile Creek. According to city manager Rick Clark, flooding in the Four Mile Creek neighborhoods is “uncontrolled,” and recent weather has only shown that more […]
Read moreLouisiana Insurance Department Targets Health Insurance Scammers
Stories about insurance fraud abound in the auto insurance industry, but investigators in the Louisiana Department of Insurance Fraud Section have now served the American Trade Association, along with its thirteen companion companies and fourteen employees with “cease and desist” orders for selling fraudulently marketed “medical discount plans” as health insurance plans in the state […]
Read moreAugust Busiest Month for Hurricanes
While the National Oceanic and Atmospheric Administration (NOAA) has slightly amended the hurricane outlook it released in May, an above-normal season is still expected. With ocean temperatures at record highs, and the climate phenomenon known as “La Nina” beginning to development, government forecasters maintain that this may be the busiest Atlantic hurricane season since 2005. […]
Read moreGeorgia to Decide New Insurance Commissioner
Georgia voters head to the polls today to participate in a runoff election in which they must choose between two Republican candidates for state insurance commissioner. The two candidates, Maria Sheffield and Ralph T. Hudgens, are the two survivors from last months Republican primary, which included nine candidates. In that vote, each of the two […]
Read moreAlabama Buys Hurricane Insurance
I didn’t know an entire state could purchase hurricane insurance, but according to the Insurance Journal, the state of Alabama has done just that. Under a deal that took effect last month, Alabama will pay $800,000/year for three years to global insurer Swiss Re, as a hedge against heavy hurricane damage to state-owned coastal property. […]
Read moreForeign-Trained and Domestically-Trained Physicians Offer Essentially the Same Care, Survey Says
Roughly a quarter of all physicians currently practicing medicine in the United States completed their medical studies in some other country. A recent survey of the quality of care shows that patients receive essentially the same care no matter where their doctors trained, but a deeper look at data suggests that doctors who were not […]
Read moreTwo Cities in Mississippi Make Insurance Mandatory for Pit Bull Owners
Two cities in Mississippi have enacted legislation making it mandatory for owners of pit bull dogs to have insurance. In Brandon, owners of pit bulls have two months to obtain necessary permits, and will be required to have liability insurance and special pens for the dogs. Flowood residents, on the other hand, have only one […]
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