Live Insurance News

National Flood Insurance Program may be ready for a bailout

November 16, 2012November 15, 2012 Dan

FEMA weighs bailout option for National Flood Insurance Program Though Hurricane Sandy has passed, the Federal Emergency Management Agency (FEMA) is still in the throes of managing the impact of the natural disaster. One of the most significant problems facing the industry in the wake of the powerful storm is the damage it has done through flooding. Floods fall squarely in the realm of the National Flood Insurance Program, a federal insurance provider that accounts for the vast majority of the country’s flood insurance policies. FEMA may be pressured to…

Insurance news from Iran shows crude exports rising

November 16, 2012April 30, 2013

Despite Western sanctions there has been an increase of approximately 70,000 barrels per day (bpd). The October insurance news out of Iran has shown that even though the American and European Union sanctions are still in place against covering oil exports from Iran, their exports still increased by about 70,000 barrels per day, reaching 2.7 million bpd that month. This shows that the Western bans are not having the intended impact on the country. Over the two previous months, the Iranian crude exports spiked to 1.3 million bpd from having…

Health insurance exchange in Alaska to be federally run

November 16, 2012November 15, 2012 Julie Campbell

Alaska Health Insurance Governor Sean Parnell

The governor of the state has stuck with his July decision not to run the program. A spokesperson for the Governor Sean Parnell of Alaska, Sharon Leighow, has revealed that the state will not be running its own health insurance exchange and that it will be holding to the decision that was made by the governor back in July 2012. The announcement showed that no changes were made to the original prediction regarding the program. This means that, according to the Affordable Care Act, federal officials will now be taking…

Health insurance exchange decision has yet to be made by Tennessee

November 15, 2012November 14, 2012 H. Cutner

The state is still debating whether or not it can implement its own online marketplace. Bill Haslam, the governor of Tennessee, has announced that the state’s leaders are still working on the decision as to whether or not they will be capable of creating and operating their own health insurance exchange, or whether they will need to hand that responsibility over to the federal government. The final decision regarding this requirement of the Affordable Care Act must be in by Friday. The healthcare reforms necessitate that every state has its…

Health insurance exchange decision has not yet been made by NJ

November 15, 2012November 13, 2012 Julie Campbell

Governor Chris Christie - New Jersey Health Insurance Exchange

The state has not yet finalized its choice regarding whether or not it will run its own marketplace. The governor of New Jersey, Chris Christie, has yet to give any indication as to what his decision will be regarding the creation and implementation of the health insurance exchange for his state. The deadline for the choice is rapidly approaching, and is on November 16, 2012. The decision that has to be made by this Friday is whether New Jersey will be operating its own online health insurance marketplace, or whether…