Californian’s now have more choices in auto insurance

Daniel Rorapaugh, CEO of AA Auto Protection, stated on January 18th that their company is now able to offer Mechanical Breakdown Insurance (MBI) to those in California. It was a difficult process, but since approved, there are more options available to drivers in California. Before their approval, brokers didn’t have this coverage to offer. MBI coverage is a policy that covers you if your car malfunctions and needs repairs. With purchasing this type of policy, drivers are offered some protection from high mechanic’s bills. Depending on the level of coverage…

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Medicare quote engine growing to assist agents and brokers

JHPInsite is happy to announce that they have recently added new geographical areas to their supplemental Medicare quote engine. Now covering four times the states it did last year, they are hoping to cover all of the United States by this coming March. Their quote engine is offered to insurance agents, allowing them to offer quotes on their own websites. When a customer submits their information, they can instantly see comparisons of several health plans from a variety of companies. Then, the customer can choose to apply online or request…

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Nevada in dire straights

Unemployment insurance is in dire straits in Nevada as the state continues to borrow money from the government to keep its unemployment benefits afloat. The situation is so severe that the benefit fund is not expected to recover until 2018. Reports suggest that the problem shows no sign of abatement as Nevada continues to experience jumps in its unemployment rate since November, 2010. The Employment Security Council raised unemployment tax on business by .77% in 2010, bringing the tax rate to 2% in an effort to offset the deficit. While…

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Washington fines insurers for undisclosed rate changes

Six insurance companies have been targeted for fines by state insurance commissioner, Mike Kreidler. He has ordered the companies to pay a total of $534,000 after an investigation found that the companies frequently failed to document rate changes in their commercial policies only. The companies write business for personal and commercial risks and are subsidiaries of New Jersey company, Chubb & Son.  Companies cited: Federal Insurance Company Pacific Indemnity Company Great Northern Insurance Company Executive Risk Indemnity, Incorporated Last November, Kreidler threatened to suspend the companies for nine month, but the move was…

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New York’s fire department proposes unpopular “Crash Tax”

The Stanton Island City Council has been pushing around a new proposal that is being referred to as, “crash tax”. This new fee will be assessed to both drivers, whether at fault or not, and can become effective as early as this July. The FDNY will charge $490 to each driver involved in accidents resulting in injuries, $415 for vehicle fires and $365 for just showing up. In a statement from FDNY spokesman Steve Ritea, “The intention here is to take the burden off of taxpayers and make the parties…

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Newly Republican backed bill strongly critized

A recent Republican backed bill could make drivers in Wisconsin a lot more at  risk. Critics of the bill said that it would revoke provisions in the state budget establishing minimum coverage levels for liability and replace them with much lower standards. Car insurance would still be mandatory, but the minimum levels of coverage would drop. Democrats rallied against the proposition before the Senate and Assembly insurance committees, saying that the reduced levels could take money away from drivers recovering from accidents. Democrats also criticize that there is no evidence suggesting…

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More small businesses are offering health care coverage

There has been a recent increase in group health insurance plans offered by small business owners. This is due in part from the introduction of federal tax credit enticement from last year’s health care reform. In the fourth quarter of 2010, Blue Cross and Blue Shield of Florida Inc. saw a five to six percent increase in group health insurance and this trend is continuing in 2011. BCBS senior director of external communication, John Herbkersman, agrees that there is quite a bit of interest in coverage options from small businesses.…

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