TweetA bill has been passed by the The California Senate Banking, Finance and Insurance Committee that includes within it a surcharge to be imposed on commercial and residential fire and multi-peril insurance policies. The surcharge of 4.8% would be used … Continue reading
TweetLos Angeles, California-based health insurer Anthem Blue Cross announced this week that policyholders will not see an insurance rate hike on May 1st, after all. Kristin Binns, speaking for Anthem’s parent company, Wellpoint, Inc, told the Los Angeles Times that … Continue reading
TweetIt may be a bit late in the season to be thinking about it, but Huntington Beach, Calif.-based Fiesta Auto Insurance, an insurance franchise that also offers tax preparation services, has announced the opening of twenty new offices during the … Continue reading
Tweet Modern Healthcare is reporting that under a new rule issued by the CMS, Medicare inpatient payments to acute-care hospitals will decline by about $142 million – or 0.1% – during the 2011 fiscal year. The new rule addresses payments … Continue reading
TweetThe latest report from the National Insurance Crime Bureau (NICB) says that there was a 13 percent decline in motorcycle thefts last year, which continued a downward trend in thefts. Specifically, there were 56,093 motorcycles reported stolen in 2009, down … Continue reading
TweetYesterday, while most of us were madly scrambling to get our taxes filed by the midnight deadline, Congress voted to restore unemployment benefits for hundreds of thousands of Americans who had lost them when Republican opposition caused the bill to … Continue reading
TweetInsurance agents in South Carolina must complete their first-ever license renewal process by May 1st, or risk losing their licenses, a report in the Insurance Journal says. Under new state regulations there are now compliance requirements which insurance agents must … Continue reading
TweetThe Insurance Journal reported Friday that four GEICO subsidiaries have been fined by the Connecticut Insurance Department for improper rating, claim delays and the use of unlicensed adjusters, among other violations. The total fine – $177,500 – is the result … Continue reading
TweetReuters reported yesterday morning that five more states have joined the Florida-led group lawsuit challenging the healthcare system overhaul passed by House Democrats last month. The suit, which now includes 18 states, was filed on March 23rd by mostly Republican … Continue reading
TweetMost of us never shop for life insurance, relying solely on the coverage we get through our corporate benefit packages, or if we do purchase a life insurance policy, we make payments but never think to upgrade or alter our … Continue reading