New crop insurance program to protect Indian farmers from cost of damage

Crop Insurance

The new strategy will be launched early in 2016 and will use technology to assess damage to fields. In what might turn out to be the first major step taken by Indian Prime Minister Narendra Modi in addressing rural struggles, a crop insurance program is set to launch in early 2016 in order to help to protect farmers against the costs of damage to their fields and, therefore, their revenues. The program will use technology such as drones in order to conduct more accurate damage assessments. Over the last few…

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New insurance program pilot being tested on WV livestock farms

farm insurance program news

The goal of this new strategy is to be able to offer producers in the state a way to mitigate financial risk. A group of West Virginia livestock producers are now taking part in the pilot of an insurance program that has been designed to help them to be able to mitigate certain financial risks that they have been facing. The program is based on an effort to broaden the information available to help when making payments. The Rainfall Index Pasture, Rangeland, Forage insurance program bases its payments on a…

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Health insurance program at University of Central Arkansas to change

health student insurance program College

The board of trustees at the college has voted to alter the design in order to become a self-insured model. The board of trustees at the University of Central Arkansas has now put the school’s health insurance program in the spotlight as it will be changing the current design for employees to one that is based on a self-insured model. The changes that have been made to the coverage program will go into effect in January. When the insurance program changes were put to a vote, they were passed unanimously…

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The terrorism insurance law’s expiration boosts uncertainty

terrorism insurance news program law

The federal program could end at the close of 2014, causing costs in commercial real estate to spike. The federal terrorism insurance is on the cusp of expiring and many in the industry are now cautioning that if it is allowed to be eliminated or scaled back, this could cause costs in commercial real estate to take off in an unprecedented way. The federal Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) expiration could lead to liquidity risks. Reports are showing that terrorism insurance continues to play an important role, which…

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California earthquake insurance discount program unveiled

Earthquake Insurance

The state has revealed a plan in the attempt to broaden tremor coverage among its property owners. Many experts feel that the next big tremor is well overdue and yet the vast majority of homeowners in San Diego County do not have the necessary California earthquake insurance to protect them in case it should actually hit. It is estimated that 85 percent of homes in that region do not have the right coverage for a quake. This week, the state’s commissioner, Dave Jones, joined others in the industry in order…

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Long-Term health care plan axed by the Department of Health and Human Services

Last week, the Obama administration announced that it will be cancelling the long-term care insurance program that would have been created from the Affordable Care Act. The program, known as Community Living Assistance Services and Supports (CLASS), would have brought aid to those suffering from chronic illness and disability, was determined to be a detriment to the overall economic health of the nation, leading Kathleen Sebelius, secretary of the Department of Health and Human Services, to discontinue the program. Opponents of the Affordable Care Act claim this as a major…

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