Category: Political News

The political arena is ripe with news from the insurance industry – 2012 being a presidential election year, as well as other changes, have made for one of the hottest news topics we have.

Health care importance is high in the American Presidential Vote

Nordstrom
Health care importance - I Voted American Sitcker

77 percent of survey respondents said this was a significant factor and 35 percent said it was critical. The results of a recent survey have revealed the health care importance when voting for the next US president. The survey was conducted by Insure.com and discussed the connection between this factor and the country’s politics. Over three quarters of the survey’s respondents felt that it was a significant election issue this year. At the highest level of health care importance was reducing the costs, said the participants in the survey. The…

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Allstate points to Better Arguments project to avoid toxic conversations

Marc
Better Arguments Project - woman, man facing away from one another

The insurer issued a news release stating that toxicity in communications are “threatening our future.” Allstate Insurance recently issued a news release praising the strategies of The Better Arguments Project. This strategy is meant to help Americans to better navigate the current environment which consists of the “deepest political and cultural divides in our nation’s history.” The insurer acknowledged that the divisions are only worsened by the COVID-19 pandemic crisis. According to Allstate, “our collective future depends on Americans’ ability to come together.” However, at the same time, it didn’t…

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National Flood Insurance Program problems remain despite recent extension

Nordstrom
National flood insurance program problems - signing of document

NFIP continues to be riddled with challenges even as the White House pushed its expiry date. Last week, the White House signed a resolution to extend NFIP, but the National Flood Insurance Program problems are still there regardless. NFIP’s latest extension will keep it from expiring until September 30, 2021. Of course, giving it another year hasn’t made all the other National Flood Insurance Program problems disappear. Still, at least it has purchased another twelve months in which to protect those in high risk areas from having to go without…

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Insurance industry diversity challenges addressed at WSIA 2020 Virtual Annual Marketplace

Logan B.
Insurance industry diversity - Hands - business

Leaders from government agencies and insurers alike acknowledged the current problem. Insurance industry diversity challenges were recently addressed at the WSIA 2020 Virtual Annual marketplace. The Wholesale & Specialty Insurance Association (WSIA) holds the event annually. The event coincided with the WSIA’s announcement of its formation of the Insurance Industry Diversity Foundation (IIDF). The goal of the IIDF is “to promote and attract diversity in race, gender, sexual orientation and disability and to influence meaningful progress in the diversity of the insurance industry and its talent pipeline.” The panel discussion…

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New Hampshire workers compensation insurance proposal approved

Marc
New Hampshire workers compensation - Stamp - Approved

The state Insurance Department has given the nod to a reduce voluntary loss costs proposal. The New Hampshire workers compensation market will keep up its historically low rates right into 2021, according to a new decision made by the NH Insurance Department. The department issued a press release explaining its approval of a new proposal for the market. The NH Insurance Department gave its approval to a rate proposal filed by the National Council on Compensation Insurance (NCCI). This will reduce New Hampshire workers compensation voluntary loss costs by an…

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NY Gov Cuomo announces insurance fraud action against opioid manufacturers

G. Turner
Insurance fraud action - Pills - drugs

The state department of financial services filed the charges against internationals Allergan and Teva. New York Governor Andrew Cuomo announced that the Department of Financial Services (DFS) has filed insurance fraud action against international opioid manufacturers Teva and Allergan. The DFS’ filing claims that the firms engaged in dubious marketing strategies for their drugs. The insurance fraud action alleges that Teva and Allergan had engaged in fraudulent marketing and promotional campaigns. Those campaigns, said the filing, misrepresented the effectiveness and safety of opioid drugs in order to broaden the opioid…

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Delaware Governor Carney signs storm damage fund executive order

Nordstrom
Storm damage fund - Damaged house and car

Gov John Carney’s signature created the Delaware Resilience Fund Program. Governor John Carney signed an executive order at the end of last week, which effectively created a storm damage fund to help residents to recover from the recent destructive weather. The new program is meat to help residents to overcome the costs associated with recovery. The governor’s storm damage fund is meant to help people in Delaware who are struggling to cover the cost of recovery after having faced damage from the severe storms that happened earlier in August. The…

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