The Xavier University of Ohio will be making cuts to the insurance it offers employees in July of this year. The university, which is one of the oldest Catholic colleges in the country, will stop providing coverage for birth control, railing against rules imposed by the federal government requiring all faith-based organizations to provide such coverage to their employees. The university’s decision has struck a chord with the Obama administration, which is now accusing the college of standing in the way of a regulation that would be beneficial to women’s…
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Missouri Senate overturns Governor Nixon veto on worker’s compensation changes
The Missouri Senate has overridden a veto from Governor Jay Nixon concerning the states worker’s compensation laws. Governor Nixon had vetoed a bill last month that would have imposed bans on some lawsuits regarding workplace injuries. The Senate voted to overturn this veto with a 24-9 vote, claiming that the ban would cause significant legal problems throughout the state. After overriding the veto from Governor Nixon, state legislators passed a bill that would stop employees from suing their co-workers for injuries they receive whilst working. This is not the only…
Read MoreJ.D. Power and Associates study shows insurance consumer satisfaction is high after storms of 2011
A new report from J.D. Power and Associates, a global marketing information firm, shows that many consumers have been left happy in the wake of the veritable onslaught of natural disasters in 2011. The firm surveyed 4,200 homeowners insurance customers who had filed claims after these disasters. More than 80% of these consumers responded that they were satisfied with the service they were given and would likely renew their policies with their insurance provider. This comes as something of a surprise for the insurance industry as 2011 was the most…
Read MoreInsurance employment forecast sees 14,000 jobs currently available and 27,000 more this year
GreatInsuranceJobs.com has released a report on the availability of jobs among managing general agents, third party administrators, brokers, and agents, and has determined that there are currently about 14,000 positions open, and that there will be an additional 27,000 jobs available before the end of 2012. The report was based on a survey of those parts of the industry, among which 126 different insurance entities participated across the country. The survey was performed over the phone, and involved five questions about the current and forecasted job availability, in addition to…
Read MoreVirginia officials encouraging residents to purchase earthquake insurance
Virginia officials are urging residents to check their home insurance policies to ensure they have protection against earthquakes. The initiative comes as a new law takes effect, which will force insurance companies to disclose what their various policies do not offer coverage for. State officials are hoping that residents will be proactive in finding out what coverage they may lacking and take steps to rectify the problem before they fall victim to a devastating natural disaster. According to the State Corporation Commission’s Bureau of Insurance, many Virginia residents do not…
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