Flood insurance to be mandatory for thousands of Connecticut residents

Flood Insurance

Connecticut homeowners face new flood insurance requirements Thousands of Connecticut residents are expected to feel the weight of mandatory flood insurance coverage in the coming months. The Federal Emergency Management Agency (FEMA) is currently drafting new flood maps for the entire U.S. coastline. This is part of an ongoing effort to understand and mitigate the risks associated with rising sea levels. New flood maps change the risks some properties face in regards to floods. According to FEMA, homes in high risk areas are required to be covered by flood insurance…

Read More

Connecticut moves forward with health insurance exchange

Connecticut health Insurance

Connecticut aims to have exchange operational ahead of deadline Connecticut is one of the few states in the U.S. that has made significant progress in establishing its own health insurance exchange. The state is keen to operate the exchange itself in the hopes of providing service to residents that is suited to the needs of the market. Though the state has made major progress over the past two years to build its own exchange program, the Legislature is now working to make the program a reality, hoping to beat the…

Read More

Health care reforms receive more federal money for IT

health insurance healthcare reform

Many state insurance exchanges to benefit from more grant funds to expand their capabilities. The Department of Health and Human Services (HHS) have just released the latest information regarding funding for the health care reform, which shows that several states will be receiving over $765 million in total grant money. These funds are intended to boost the state health insurance exchanges on the IT level. The states that will be receiving the grants will include Connecticut, California, New York, Hawaii, Vermont, Maryland, and Iowa. This money will provide the states…

Read More

Minnesota making significant progress on its health insurance exchange

Minnesota health insurance moves ahead with exchange system. Minnesota is making significant progress on establishing its health insurance exchange system. The state has determined that it will continue building an exchange despite the uncertain future of the Affordable Care Act. The federal health care law requires each state to build its own exchange by 2014 or risk losing control of the exchange effort to the federal government. Though the state is committed to building an exchange, the burden of the process falls on the Minnesota Department of Commerce instead of…

Read More

Hurricane Irene Expected to Make Landfall in North Carolina before Tracking on to

BOSTON, Aug. 26, 2011 – According to catastrophe modeling firm AIR Worldwide, parts of the southeastern United States were already experiencing dangerous swells and rip tides yesterday as Hurricane Irene exited the Bahamas. Presently, ahead of Hurricane Irene’s forecasted arrival in North Carolina tomorrow, high waves and storm surge are beginning to impact the state’s Outer Banks. As of the National Hurricane Center’s (NHC) 11:00 am advisory, Irene-now a Category 2 storm (down from Category 3 status yesterday)-is 330 miles south-southwest of Cape Hatteras, North Carolina, tracking north at 14…

Read More