Iran insurance processing may soon be blocked on Lloyd’s IT platform

Iran Insurance processing could be blocked - brick wall

Sanctions from the United States will likely get in the way of using the platform for this purpose. New U.S. sanctions will likely make it impossible to purchase any form of Iran insurance using a Lloyd’s of London platform. This will only worsen struggles for European insurers that have been providing Iranian coverage. The sanctions are being re-applied by the United states after it backed out of the nuclear deal. President Trump walked out on the Iran nuclear deal in May. The remainder of the world powers that originally joined…

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California insurance commissioner candidates take aim at Trump in campaigns

Sen Ricardo Lara California Insurance Commissioner

In the race for the top spot in the state’s Insurance Department, the president has become a political target. The race for the 2018 California insurance commissioner position is heating up and President Trump has become one of the central campaign political targets. State Senator Ricardo Lara (D-Bell Gardens) has placed the spotlight on Trump and his policies. Lara placed the focus of his first ad running for California insurance commissioner on a depiction of Trump as being anti-female, anti-immigration, anti-healthcare and a denier of climate change. He called for…

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GOP health care vote abruptly cancelled as Trump didn’t have the support

GOP tax plan health care vote - President Donald Trump Official Portrait

“We just pulled it,” said President Trump in a phone interview with the Washington Post. House Republican leaders suddenly cancelled the GOP health care vote and withdrew their rewrite of the law. A vote had been scheduled for 3:30 pm (ET) following dramatic attempts to gain support to pass the bill. On Thursday, it was already clear that there was inadequate support, but President Trump still scheduled a do-or-die vote for Friday. On Friday, the situation only worsened for the bill’s supporters as more Republicans leaned toward a “no” vote.…

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Will Trump health care system lower your premiums?

Trump Health Care Congress Speech - Last Week Tonight John Oliver

Despite the intention to sell health insurance across state lines, many don’t forecast dropping rates. President Donald Trump spoke before Congress for the first time and reaffirmed his intention for a new Trump health care system. Among the primary changes to the Affordable Care Act (Obamacare) would be the ability for health insurance companies to sell policies across state lines. That said, many analysts are doubtful that this change to the law will reduce health insurance premiums. The actual details of a future Trump health care reform still have yet…

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