Entries Tagged 'Uncategorized' ↓

Floridians are required to maintain automobile coverage at all times while operating a vehicle and automobiles must continuously be insured in order to maintain registration in the Sunshine State. The state requires that all self propelled vehicles with four or more wheels be covered by a car insurance policy consisting of a minimum of $10,000 in property damage liability (PDL) and $10,000 in personal injury protection (PIP)

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Florida Drivers may want to Buy More Insurance

People shop for car insurance whenever they purchase a new vehicle, or pay off an auto loan. They begin to compare homeowners insurance rates while still looking for their dream home. But how do people begin the search for life insurance?

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20% of 2008’s New Life Insurance Policies Came from the Internet

Pet lovers will be pleased to hear about a new bill that just passed the California State Assembly. According to the Insurance Journal , the bill, which was sponsored by Dave Jones (D-Sacramento), would require pet health insurers to disclose – on the main pages of their websites – any policy that limits coverage. In addition, insurers would also have to state explicitly whether they deny coverage based on pre-existing conditions.

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Pet Insurance Reform?

The Insurance Journal is reporting that the group studying the Red River diversion project in the Fargo, ND and Moorhead, MN area has decided to stay with its original plan, despite that fact that it may not offer the level of flood protection initially claimed.

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Red River Flood Protection Plan to Stay on Original Course

The official beginning of the 2010 Atlantic season is still a week away, but according to Reuters the The U.S. National Hurricane Center has already begun tracking the first low pressure system of the year, reminding commodities and energy traders to be prepared for the hurricane season, which begins June 1 and ends November 30.

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NHC Begins Tracking First Storm of the Season – Before Hurricane Season Officially Starts

Homeowners across the United States who are concerned that they may be required to purchase flood insurance due to a recent push to redraw floodplain maps can relax a little; they’re being offered the mandatory coverage at a deep discount for two years. Senator Dick Durbin of Illinois said recently that the Federal Emergency Management Agency(FEMA)’s decision to offer lower rates on properties affected by changes to the flood maps significantly reduces the financial impact to property owners in southwestern Illinois and other affected regions, at least for now. FEMA has agreed that up to two years’ eligibility for the National Flood Insurance Program’s lowest-priced option, the Preferred Risk Policy, will be offered to small businesses and homeowners on any land that falls into the newly designated special flood hazard areas

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FEMA Discounts Flood Insurance for Homeowners Affected by Remapping

HealthLeaders-InterStudy , a Nashville, Tenn.-based provider of managed care market intelligence, is reporting that Dallas, Texas area employers are having to pay higher premiums in order to provide health insurance coverage for their employees, because the region has such a high number of uninsured people. The high uninsured rate in the Dallas region, according to the Dallas Market Overview, is causing the amount of uncompensated care in local hospitals to dramatically increase, which, in turn, makes hospitals pressure health plans for higher reimbursements in order to help them balance some of the losses that are tied to such care

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Texas Uninsured Rate Highest in Nation; Employers Feeling the Financial Pain.

One of the top executives of a temporary employment agency has been accused of scamming the New York State insurance Fund out of $25 million in workers’ compensation insurance premiums. On Monday, Eric Goldstein pleaded not guilty to charges which included insurance fraud. Prosecutors in Manhattan say Goldstein’s company, GT Systems, ran fifty temporary employment agencies.

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Temp Agency Exec Charged with Insurance Flood

Lawmakers in the state of Missouri have approved new regulations, including the imposition of fees and an insurance requirement, for people who raise wild animals such as lions, tigers, and bears.

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Missouri: Lions and Tigers and Bears – and Fees!

The commonly-recognized five-category rating system that describes the strength of a hurricane, and estimates the havoc its winds could cause has been updated for the 2010 storm season, which begins in the Atlantic on June 1. The system, more properly known as the Saffir-Simpson Hurricane Wind Scale no longer includes estimates for storm surge or inland flooding due to rainfall. The scale was changed in order to ease confusion over storm surge and flooding predictions that didn’t match real-life situations, said Chris Landsea, science operations officer at the National Hurricane Center, and leader of the team that made the change.

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Hurricane Scale Revamped for 2010