Live Insurance News

Workers compensation bill signed by California governor

September 19, 2012April 30, 2013

California Governor Jerry Brown on Workers Compensation bill

Gov. Jerry Brown has approved the bill to revamp the state’s injured employee insurance program. California Governor Jerry Brown has added his signature to a bill that will help to boost the workers compensation disability benefits for employees who are injured on the job, while at the same time keeping the cost of the premiums under control. The bill was first approved by lawmakers last month, on the final day of session. A rush was placed on the workers compensation bill’s approval after Brown, himself, gave a personal appeal for…

Long term care insurance is undergoing some important changes

September 6, 2012September 5, 2012 Julie Campbell

These alterations reflect the desire of insurers to tighten their belts. As the American population gets older, the long term care insurance industry is facing a number of struggles in terms of the expenses that it is facing. Some insurers have withdrawn from that sector altogether. Other long term care insurance companies have been holding off on the sales of the policies that offer the most generous benefits, while they cinch their underwriting efforts. Almost all of them are increasing the premiums that are paid on the policies that already…

Disability insurance claims have fallen in Oregon

August 24, 2012April 30, 2013

Fatalities while on the job have also dropped in numbers. The Oregon Workers’ Compensation Division will likely be announcing the disability insurance rates for businesses for 2013, before the end of this month, and it will be basing the calculation on a number of factors from the previous year. Administrator John Shilts has stated that there are three categories that make up the calculation. These three disability insurance premiums calculation factors are as follows: • Pure premiums, which are the amount based on the types of jobs in the businesses…

NDIS information released by NSW government

August 3, 2012August 2, 2012 Nordstrom

Commonwealth unveils new information concerning NDIS program The provincial government of New South Wales in Australia has released new information concerning the country’s National Disability Insurance Scheme (NDIS) on Wednesday of this week. The NDIS is currently in its trial phase, which will provide government officials with the information they need to determine the viability of such an ambitious insurance program. Currently, New South Wales is the only Australian jurisdiction that has 10,000 participants in its trials of the NDIS program. NSW receives funds for its NDIS trial According to…

Disability insurance should not be overlooked for financial health

August 1, 2012July 31, 2012 Julie Campbell

The consequences of leaving it out of future planning can be expensive. As important as disability insurance may be, it is among the most forgotten forms of coverage in a financial plan over the long term. The importance of homeowners, auto, health, and life policies are far better known. It is important to recognize, however, that disability insurance is the coverage that you will need if you should ever be forced to leave your work for a period of time due to illness or injury. This is the protection that…