Live Insurance News

Workers compensation study draws attention from NC employees

December 20, 2012April 30, 2013

North Carolina Republican panel supports health care reform challenge

Those hired by the state in North Carolina are seeking to participate in upcoming research. Employees of the state of North Carolina, as well as their advocates, have announced that they feel that their voice should be included in research that will help in the planning of their workers compensation plans for the future. They have said that they deserve to be able to contribute in the plans for their upcoming coverage. The study in question is one that legislators in the state will be using for the creation of…

Disability insurance struggles arising from application increase

November 22, 2012November 21, 2012 H. Cutner

As a growing number of Americans seek assistance, the program is facing serious challenges. It is now being estimated that the Social Security Administration’s funds to cover the costs of disability insurance will have been entirely spent in four years’ time. This will mean that the benefits will shrink for over 9 million disabled workers and their families. Income taxes will be providing enough money for only 79 percent of the disability insurance benefit, which will mean that – assuming the same number of individuals remain covered by the program…

Disability insurance could cost Canadians $600 million to repay veterans

October 5, 2012April 30, 2013

Cost sharing health plan makes insurance news

The ruling to compensate disabled vets for their military pensions comes with a high price. The recent ruling that the Canadian government must compensate veterans with disability insurance payments as a part of their military pensions with retroactive payments that span back nearly four decades could be an extremely costly one. The internal estimates produced by the government have shown that this could cost $600 million. They have also stated that this figure may be on the low side of the scale. At the end of last week, the attorneys…

Disability insurance benefits are not awarded properly 1 out of 4 times

September 21, 2012April 30, 2013

A Senate report is showing that 25 percent of cases are potentially unnecessarily costing taxpayers millions. A new report from the Senate is showing that one quarter of disability insurance benefits awarded by the Social Security Administration were done improperly between the years 2006 and 2010, which could possibly have cost millions of dollars to taxpayers. The findings were the result of an investigation that was held over eighteen months. The research was performed by the chamber’s Permanent Subcommittee on Investigations. What it discovered that approximately one out of every…

Insurance news from the NHLPA shows strict efforts to restore coverage

September 21, 2012April 30, 2013

The policies may have been cancelled, but the Players’ Association is working to bring it back. This week, the NHL Players’ Association made insurance news by informing its members that it would be paying for the restoration costs of all of the coverage that the league has cut off from the players and their families following the week before last. Players’ Association members, including Sidney Crosby, were cut off by the league on Monday. A memo from the NHLPA explained that “NHL has instructed the insurers to cancel all insurance…