insurance news
California Legislature FINALLY Passes 2010-2011 Budget
Californians will be relieved to know that their state Legislature has finally approved a new budget for it’s 2010-2011 fiscal year, passing it a hundred days after its deadline. The new budged includes projects that will save CalPERS $100 billion though part of that plan involves rolling back pension benefits that were approved eleven years […]
Read more2010 Hurricane Season, Not Much Landfall, But Still Active
Reuters is reporting today that even though there have been a lot of hurricanes in the Atlantic this season, the lack of any major landfalls will make most people consider it a quiet year. Before the season began on June 1st, many hurricane forecasters had predicted a high likelihood that a major hurricane would make […]
Read moreCalifornia Insurers Get Incentives to Go Green
California insurance companies now have new reasons to go green. A new law, AB 1011, which was authored by Insurance Commissioner candidate Assemblyman Dave Jones, was signed into force by Governor Arnold Schwarzenegger. The new law will require the California Department of Insurance to gather information about insurance companies work toward green investments and reduction […]
Read moreUniversity of Nevada, Reno to Expand Earthquake Research Center
If insurance against earthquakes is a concern of yours, you’ll be interested to know about a new $12.2 million federal grant that was given to the University of Nevada, Reno, in order to make their earthquake research center the largest quake simulation facility in the nation, more than doubling its size. The new Shake Table […]
Read moreSchwarzenegger Signs New Insurance Disclosure Bill into Law
Last Friday in California, Governor Arnold Schwarzenegger signed AB2022, which establishes new guidelines for homeowners insurance disclosures, into law. It will go into effect on July 1st of next year. Specifically, the new law changes the mandatory language of the California Residential Property Insurance Disclosure, in order to make the description of types of homeowners […]
Read moreMost Americans Feel Healthcare Reform Didn’t Go Far Enough
It was came into our knowledge during the weekend that despite a lot of controversy about the health care reform legislation passed last spring, most Americans don’t want less reform; they want more. A new poll from the AP found that U.S. citizens who feel the health care reform law should have greater scope outnumber […]
Read moreOne-year Extension to Flood Insurance Program
It’s hard to believe it’s been over a month since we reported that the National Flood Insurance Program was on hold, but today’s report on the program is even better than yet another 30- or 60-day extension. Instead, we’re delighted to report that last night, in a unanimous vote, the United State Senate passed a […]
Read moreRepresentative King: Blood Oaths and Government Shutdowns to Repeal Health Care Reform
Steve King Demands ‘Blood Oath’ From Boehner To Shut Down The Government ThinkProgress made headlines in today’s Huffington Post with a story about the radical agenda of right-wing congressman Steve King (R-IA) who made a splash earlier this year when he introduced a discharge petition in the House of Representatives meant to repeal the health […]
Read moreNew Orleans: Housing Stock Down 13%
5 years post-Katrina, and several months after the BP oil spill, the city of New Orleans is still in recovery, but still has other problems. One of them is housing. According to the reports the New Orleans metropolitan area has suffered a 13% decrease in available housing since the hurricane five years ago. The survey […]
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