Health insurance proposals lead to NYC lawsuit

New York Health Insurance

The Labor Committee has sued New York City in an effort to try to stop it from changing its medical benefits. The Municipal Labor Committee, a group that represents city workers, has sued New York City in an attempt to stop it from being able to move forward with a request for proposals to change the health insurance benefits that the employees will be receiving. NYC will soon be seeking a new insurer for its massive benefits plan that will require premiums to be paid by workers. In April, Deputy…

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Mayor Bloomberg looks for alternative to flood insurance

Flood Insurance and reinsurance

Flood insurance may not be adequate safety net for New Yorkers New York is no stranger to hurricanes and flooding disasters, but the recent onslaught of Hurricane Sandy has sparked new action when it comes to the matter of flood insurance and protection for state residents. Hurricane Sandy dealt a terrible toll to the state, causing a significant amount of damage from strong winds and, primarily, flooding. Many homeowners throughout the state that were affected by the storm found that their properties were not protected from flood damage due to…

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