Live Insurance News

Maryland to cut unemployment insurance tax

October 15, 2012April 30, 2013

Unemployment insurance tax to be reduced next year Maryland employers can expect to see the tax they pay for the state’s unemployment insurance program drop significantly next year. The Department of Labor, Licensing, and Regulation has announced the tax cut, which will reduce the unemployment insurance tax employers pay by as much as 50%. The tax cut will take effect next year and is being heralded as a sign of the state’s improving economy and employment situation. For some employers, the tax cut could mean that they will be able…

Health care reforms receive more federal money for IT

September 17, 2012April 30, 2013

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…

Maryland aims to promote crop insurance through new initiative

August 21, 2012August 21, 2012 Nordstrom

Department of Agriculture to educate farmers on crop insurance The Maryland Department of Agriculture has taken an aggressive stance in promoting crop insurance. The severe drought that has gripped the U.S. has caused unprecedented damage to crops throughout many states. There are no signs that the drought will abate any time soon, leading government officials to tout the protection that could be provided through crop insurance. Maryland officials have embarked on a mission to educate local farmers on the protections they can receive through appropriate coverage. Ongoing drought draws attention…

AgencyPoint launched in Maryland by Farmers Insurance

August 16, 2012April 30, 2013

AgencyPoint aims to recruit new Farmers independent business owners Farmers Insurance has launched a new agency recruitment and training center for potential Farmers independent business owners. The training center is called AgencyPoint and is located in Baltimore, Maryland. AgencyPoint was launched to address the insurer’s growing need for more personnel due to its recent expansion. Through this initiative, the insurer is looking to bolster its ranks of independent insurance agents in numerous sectors. AgencyPoint is open to all prospective Farmers independent business owners. New venture will provide business owners with…

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

August 26, 2011 Guest Author

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…