New Hampshire insurance regulators are set to receive $3.56 million in federal grants over the next three years in accordance with the federal health care law. The state’s Insurance Department is welcoming the money with open arms, hoping to utilize the funds to help some of the regulatory shortfalls that have befallen the state in recent years. While regulators have yet to determine the breadth of their plans for the funds, officials have noted that some of the money will be used to instill more transparency in the state’s insurance…
Read MoreTag: self insurance
Chicago state employees may see their health insurance contracts extended as legislators battle over authority
Public employees and retirees in Chicago may have their temporary health insurance plans extended a full year, pending the results of a legislative panel. Lawmakers will convene on August 16 to determine whether insurance coverage for state employees should be extended. The plans were initially issued by the state government to provide state employees with health care while legislative disputes raged on, threatening to leave them without any coverage. As the political disputes erupted, public employers were told that their insurance plans would continue for another 90 days while lawmakers…
Read MoreAs one door closes, another opens: NASA seeks insurance coverage for commercial space faring initiatives
As NASA’s space shuttle program comes to an end, many insurance companies are eyeing the birth of a new commercial industry: Space tourism. Insurers have covered the space program since its inception, but now that NASA will no longer be launching expeditions into space as part of a federal project, the agency is looking to turn the program into a freelance affair. This shift toward a commercial market has got many insurers intrigued as a new opportunity for business emerges from the horizon. This week, NASA’s last official shuttle will…
Read More