Missouri Workers Comp news… Agents have been warning lawmakers in Missouri to use caution as they consider making changes to the workers’ compensation firm created by the state, and which has received criticism from the state auditor for having taken advantage of a federal tax exemption as it spent large amounts on its own perks. A Senate committee has already endorsed the legislation which would establish a special panel that will examine whether or not the Missouri Employers Mutual Insurance Co. law from 1993 needs to be altered. This research…
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Missouri insurance agents vent frustrations over FEMA’s handling of flood insurance
In the states struggling to mitigate the damage caused by the flooding Missouri River, insurance agents are railing against FEMA. Agents claim that federal officials are at fault for causing widespread confusion amongst property owners by pressuring them to purchase flood insurance. The main issue is that these hastily solicited policies may not provide the coverage necessary to protect homeowners from the flooding river. Furthermore, several insurance companies in the affected area say that federal officials have been pressuring insurance agents to sell policies that specifically exclude any damage caused…
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