California Insurance Regulators Want Authority to Reject Rate Increases
Written by Steven Rivera on April 25, 2011 – 7:02 pmA bill was advanced on Tuesday by California legislators hoping to give regulators the authority to reject excessive rate increases proposed in health insurance policies. While disagreements ensued between legislators, mostly along party lines, the bill eventually received the 12 votes needed to move it out of the assembly health committee.
Regulators Want the Right to Reject Rate Increases
Health insurance companies have been known for attempting to impose high rate hikes on their customers. Th
Tags: Increases, Rate Increases
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Relief Administrator Warns of Dangers of Disaster Payout Funds
Written by Tiffany Mitchell on April 22, 2011 – 11:50 amThe administrator of the Gulf oil spill disaster relief fund is warning the government that, while the fund has worked effectively, it should not serve as a template for future disasters. Because these funds single out a specific group of people and often provide them with enormous amounts of compensation, he fears that other deserving individuals will be left out.
Payout Funds Not the Way to Go
Payout or disaster relief funds are often used as a way to compensate individuals with or without home insurance who need to make necessary repairs to their homes or need cash for other issues that arise as a result of the disaster.
While this type of relief aid is relatively rare, the Gulf Coast Oil Spill Relief Fund was created to provide assistance to those affected by last years oil spill.
Fund administrator, Ken Feinberg, has recently announced that the payouts are flowing efficiently, but noted that the structure for compensating victims should not be repeated because it only helps a small segment of the population and often cant meet the victims needs in a timely fashion.
He went on to say that while Gulf victims received help, Hurricane Katrina victims in 2005 didnt receive a fundand neither did Oklahoma City bombing victims in 1995.
Tags: Dangers Disaster, Disaster
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Why Visitor Medical Insurance in the USA?
Written by Steven Rivera on April 21, 2011 – 8:53 amOne of the most common questions among visitors to America is why to buy health insurance? Though the medical insurance costs a nominal premium amount it can help the visitors to avoid financial crisis in case of an emergency. The medical benefits of visitor medical insurance plans are tailored to suit the requirements of visitors belonging to various age groups. All a visitor should do is compare quotes and make a purchase online.
There are several private insurance companies in the USA who offer visitor medical insurance at affordable premium cost and with effective medical coverage.
Tags: Insurance, Medical Insurance
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Insurers Battle Damage Costs from Storms that Killed 45 People
Written by Steven Rivera on April 21, 2011 – 5:49 amA number of insurance companies are struggling to keep up with claims responding to damage produced by severe storms and tornadoes that struck much of the U.S. in the past week. Several major insurers have racked up more than 12,000 claims and are expected to see more in the coming days and weeks.
State Farm and Nationwide Deal with High Number of Claims
State Farm Mutual Automobile Insurance Co., the largest provider of home and auto insurance, is dealing with claims that have been accumulating for both types of coverage in the wake of massive storms that ravaged much of the U.S. fro
Tags: Storms, Storms Killed
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Pre Existing Condition Medical Insurance
Written by Steven Rivera on April 15, 2011 – 10:07 amOne of the most debated topics in the insurance sector is the coverage for Pre existing medical conditions of the insurance customers. There are only a few medical insurance plans that provide coverage for pre existing conditions. Visitors from foreign countries in the USA need medical insurance and they can purchase visitor medical insurance plans offered by private insurance companies of America.
Visitors can access pre existing condition visitor insurance plans at American Visitor Insurance. The coverage details of pre existing condition insurance plans can be accessed online and the purchase process can be completed quickly.
Tags: Insurance, Medical Insurance, Pre Existing
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