Missouri postpones further health insurance exchange efforts

Following the voicing of concerns by several Republican senators, insurance officials from Missouri have taken a step back away from intentions to begin spending millions of dollars from the federal government on an investment into the computer technology that would be required to put a central element of the new federal health care law into place. In August, Missouri had been awarded a federal grant of $21 million to be applied to the preparation for the health insurance exchange to be created and run by the state and would allow…

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Buying business insurance to protect yourself and your company

Just as it is important to obtain insurance coverage when you own a house or a car, it is equally important to protect your business. If you are the owner of a company of any size, it is highly recommended that you speak with an independent business insurance agent in order to find out about the types of coverage that are available to you, and to help decide which ones are right for you. This is a decision that should not be rushed, as shopping around will help you to…

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Does your car insurance cover injuries to your pet?

In 2007, Progressive became the first insurance company to offer consumers a supplemental auto insurance plan that would provide some coverage in the case of an injury occurring as a result of an auto collision. They provided their customers with liability claims as high as $1,000 for bodily injuries experienced by pets that were involved in a car crash while travelling with their owners. That said, as of February 2011, the bar was raised when Chubb Group of Insurance Companies started to offer up to $2000 in coverage for animals…

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Smokers are increasingly required to pay more for their health insurance

Starting on January 1, 2012, Dallas County employees in Texas will be required to pay an additional monthly $50 on their health insurance premiums if they smoke. This increase in premiums will not be charged to nonsmokers, but will also apply to each of the employee’s family members who smoke and who are covered by the health insurance plan provided by the county through the worker’s employment. According to Dallas County, there will be a medical cost savings of $500,000 as soon as next year as a result of this…

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Snyder reveals his healthcare plan to send Obama’s reforms to a non-profit

Governor Rick Snyder (Michigan) has unveiled his plans for implementing one of the primary healthcare reforms from the Obama administration – the statewide affordable health insurance marketplace for consumers – by proposing legislation that would turn the task over to a non-profit organization. Snyder made the announcement in his first major speech about healthcare, in which he made a call for the forming of the MIHealth Marketplace. This would be a non-profit group that would supervise the sale of health insurance to small businesses struggling to be able to offer…

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Insurer partners with the National Wildlife Federation for home and auto insurance discount program

The Hartford has announced that it will be offering partners, members, and supporters of the National Wildlife Federation with access to its home and auto insurance through a special discount program that will be available in the majority of states. Hartford’s president of consumer markets, Andy Napoli, stated that the insurer is pleased to be able to partner with the largest conservation federation in the country, which has now been protecting wildlife for 75 years. He added that The Hartford looks forward to providing members of the National Wildlife Federation…

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Hurricane Irene spurs growth in wedding and event insurance

When Hurricane Irene made its way up the East Coast of the United States, it destroyed homes and businesses, ripped up trees, downed power lines, and disappointed many who had been preparing for important events such as weddings. The majority of couples who had intended to get married during the week of August 28, 2011, were forced to either cancel their weddings or at least postpone them until a later date. Hurricane Irene made the risk of this type of unforeseen event quite real to many other couples who have…

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How to measure the risk of terror

Post anniversary to September 11, the horrible event occurring over ten years ago now, there has been a tremendous change to the way that border security and terrorism have been viewed in the United States. This is true of the government, businesses, individuals, and the insurance industry, which suffered tremendous losses to its own people when the planes hit the twin towers of the World Trade Center in New York City. Though damages resulting from acts of terrorism had been covered in typical all-risk commercial policies before the attacks, after…

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Is renter’s insurance necessary or a luxury for students living away from home?

The back-to-school season is upon us and college students across the country are moving into their new homes for the coming school year; a process that involves expensive personal possessions, such as computers, electronics, bicycles, clothing, and other personal items that would be costly to replace though they are highly prone to damage or theft. While some students already have protection through their parents’ homeowners insurance, many policies will not cover students who aren’t living on campus. That said, many tenants fail to realize that their property is not covered…

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Munich Re and Ping An Insurance to offer products for renewable energy companies

Munich Re and Ping An Insurance from China… have both announced that they will be working together in their first co-operation to create insurance products and services that they can offer to Chinese renewable energy companies. In a joint statement, the insurers said that they hope to develop solutions that will minimize the risk that investors face with renewable energy, so that larger projects of this nature will actually become possible. A spokesperson from Munich Re declined to make a statement regarding whether or not the two companies intend to…

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