Tag: New Mexico

Life insurance company pursued by New Mexico officials

Insurance industry News

The insurer is currently at risk of being shut down if it doesn’t make its payments. Officials in New Mexico are currently working to collect over $100,000 from a life insurance company that has previously stated that it will not make payments to two deceased state employees who had been paying for this coverage. The insurer, which is based in Oregon, has stated that a lack of medical history form prevents the payment. According to Ed Burckle, the General Services Department Secretary, the reason that the life insurance company will…

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New Mexico employees to see rise in health insurance premiums

S.Vagus
Governor Susana Martinez

Governor proposes hike in health insurance premiums New Mexico workers may be seeing their health insurance premiums spike next year if a new proposal from Governor Susana Martinez wins favor with lawmakers. The proposal aims to increase the rates for worker’s health insurance plans by 15% in an effort to avoid the complete bankruptcy of the state’s health insurance fund. The fund is currently scheduled to run out of money in the next budget year, but higher premiums are expected to remedy the issue handily. State employees will see an…

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NM cattle ranchers battle new federal drought protection policy

Nordstrom

Cattle ranchers in New Mexico are up in arms over a new federal insurance policy that they purchased under the belief that it would provide them with drought protection, but that isn’t helping them because satellites are reporting that there is still too much “greenness” in the state. The primary problem is that there isn’t any grass for the livestock to consume. In fact, this year the conditions are so devastating that cattle ranchers have been selling their animals in record numbers because they can’t afford to purchase their feed.…

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