insurance news
No State Fee on Oklahoma Medicaid Claims
It was reported earlier today that a state law meant to raise revenue for Oklahoma’s Medicaid program has been overturned. In a ruling which was posted on the state Supreme Court’s website, it was said that the law, which set a 1 percent fee on claims paid by private health insurers and companies with self-insured […]
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 moreU.S. Sanctions Trigger Lloyd’s of London’s Refusal to Insure Iranian Petroleum Imports
While the oil spill on U.S. shores remains to be stopped, last week President Obama signed into law new sanctions designed to limit fuel imports into Iran, and increase the Islamic Republic’s international isolation. On the heels of that announcement came another: the British insurance company Lloyd’s of London, known for insuring high risk properties, […]
Read moreFlagstaff Fire Damage Claims Reach $5 million
Arizona residents are feeling the heat from more than the sun this summer, especially near Flagstaff. The Schultz fire, burning near the city that was originally a railroad town, has already incurred up to $5 million in fire insurance and property damage claims, according to the latest information from the National Interagency Coordination Center’s Incident […]
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 more