Government shutdown stops worker pay but not heath care coverage

Government Shutdown - Sorry we're closed sign

As this record breaking ongoing shutdown continues, federal employees continue their health insurance. The government shutdown continues to stop 800,000 federal employees and others from receiving their paychecks. That said, as they go unpaid, many have questions about their employee health insurance and other health benefits. Workers are worrying about their health, vision, dental and long-term care coverage. For those who wonder about their insurance benefits, most will continue even while workers go unpaid. Federal employees, for the most part, don’t need to worry that the government shutdown will affect…

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Alexandria Ocasio-Cortez pays less for health insurance now than as a waitress

Alexandria Ocasio-Cortez

The youngest congresswoman in US history says she paid far more for coverage as a server. Alexandria Ocasio-Cortez has become the youngest woman to ever be elected to Congress. A year ago, she had been working as a waitress. At that time, she says she was paying twice as much for health insurance as she is as a congresswoman. Ocasio-Cortez now represents New York’s 14th district in Congress. Congresswoman Alexandria Ocasio-Cortez has been transparent about the transition she has experienced over the last few months. For instance, she has live…

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The federal flood insurance program is broken and the repairs will be costly

Federal Flood Insurance - US Congress

NFIP is now fifty years old but the program has not undergone a healthy aging process. The subsidized federal flood insurance program is half a century old and is in dire need of fixes – or potentially a complete overhaul – that will, unfortunately, be unavoidably expensive. The National Flood Insurance Program (NFIP) has become increasingly costly and unsustainable. Federal flood insurance faced its second highest ever claim year in 2017. Hurricanes Florence, Harvey ad Michael placed the spotlight back onto the NFIP’s fundamental flaws. Insurance industry models show a…

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California Insurance Commissioner Dave Jones seeks more insurer fossil fuel divestment

California insurance commissioner fossil fuel divestment - coal

Jones is pushing forward with this initiative as he simultaneously releases new oil, gas and coal data. California Insurance Commissioner Dave Jones is driving ahead in his effort for fossil fuel divestment. This hot button move is continuing forward right up to the close of 2018 and his position at the top of the state’s insurance industry regulator. Last week, Jones released the most recent data regarding insurance company investment into fossil fuels. With the release of that data, the California Insurance commissioner brought the new fossil fuel disclosures into…

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Task force takes on Louisiana auto insurance rates to improve affordability

Louisiana Auto Insurance Rates - Car - driving

Research shows that drivers in the state pay some of the highest car insurance premiums in the country. Louisiana auto insurance rates are among the least affordable in the United States, according to a recent Insurance Research Council (IRC) study. The study was titled: “Auto Insurance Affordability: Cost Drivers in Louisiana”. That said, the Louisiana High Auto Rates Task Force has been working on the challenge of improving affordability since August. The task force has met several times to address the causal factors and propose solutions to the issues. The…

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Michigan Attorney General may join Detroit mayor in no-fault insurance lawsuit

No-fault insurance - car crash

AG Bill Schuette may back Mayor Mike Duggan in having the state system declared unconstitutional. Michigan Attorney General Bill Schuette may step in to support Detroit Mayor Mike Duggan in the lawsuit to declare the no-fault insurance system in the state to be unconstitutional. The Detroit Mayor filed the lawsuit about the auto insurance system in the state back in August. Insurance Commissioner Patrick McPharlin said in a court filing earlier this week, that Schuette may build a “conflict wall” to other lawyers in his office to represent the state…

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Insurance industry diversity gets a shot in the arm from the California commissioner

California insurance industry diversity

Dave Jones issued a letter urging CEOs to boost the diversity on their governing boards. California insurance industry diversity just received additional official support through a letter from Commissioner Dave Jones. In his letter, Jones addressed the CEOs of at least fifty insurance companies operating in the state. He urged those CEOs to encourage improved diversity on their governing boards. The letter underscored the impact a company’s board room diversity has on financial performance. The insurance industry diversity letter also requested that each insurer either disclose its intentions to form…

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