News
Obama Administration Takes Insurances Execs to Task
Citing the rising cost of drugs and health services, insurance industry executives defended their premium levels in a meeting at the White House on March 4, 2010 and insisted their profit margins remain low.
Read moreNo Compromise Reached at Obama’s Health Care Summit
In the wake of the failed health care summit, Congressional Democrats are contemplating a procedural end run to secure passage of their stalled reform legislation.
Read moreDisgruntled Insurance Customer Resorts to Extortion
After an attempt to extort as much as $3 million from New York Life Insurance Company, former employee Anthony Digati could face two years in jail and a fine of $250,000.
Read moreInsurance Companies Work to Circumvent Spending Rules
By reclassifying administrative expenses as medical costs, insurance companies are, according to a Senate panel, seeking to get around new spending rules mandated by federal health care reform.
Read moreNeed for Commercial “Green” Insurance Policies Rising
The unique requirements of green building projects will necessitate the evolution of newer, more flexible property insurance coverage as environmentally friendly, energy efficient building is predicted to double by 2013.
Read moreAIG Expects to Repay Government Before 2013 Deadline
By divesting itself of two subsidiaries, AIG hope to open formal talks with the federal government to repay its loans before the 2013 deadline.
Read moreLight Hurricane Season Doesn’t Mitigate Risks to Hawaii
Hawaii faces elevated risk for hurricane damage even when forecasters predict a calm year for the Central Pacific as they are in 2010.
Read moreNatural Disasters, Lack of Preparation Bankrupting U.S.
A lack of community preparation and a rising number of natural disasters over the past 20 years has strained federal emergency response and relief funds to the point of bankruptcy.
Read moreObama Points to Early Health Care Changes in Radio Address
Small businesses are already benefiting from tax breaks and insurers are being held to better business practices less than two months after the passage of the federal health care reform bill.
Read more