Live Insurance News

Obama administration makes insurance news with EU agreement negotiations

November 23, 2015November 22, 2015 G. Turner

The U.S. Treasury and U.S. Trade Representative have said they plan to work for a covered agreement. The insurance news announcement has now been made that the U.S. Treasury and the U.S. Trade Representative intend to enter into negotiations with the European Union over a covered agreement regarding insurance. The goal of these negotiations will be to “level the regulatory playing field for U.S-based insurers and reinsurers.” E.U. insurance companies and industry regulators have been expressing frustration with regards to the American reinsurance collateral requirements. The issue at the center…

US group makes insurance news in China with new disaster recommendations

September 1, 2015August 30, 2015 H. Cutner

An American business group has started to urge China to boost its coverage and service industry access. At the end of last week, an American business group made insurance news as it started urging China to boost its access to insurers as well as businesses from other service industries, as they claim that the boost of foreign skills could help the country to enhance its shaky stock markets and to be able to better cope with catastrophes such as the recent Tianjin chemical explosions. The group feels it would be…

Unemployment insurance proposal achieves bipartisan Senate support

March 19, 2014March 19, 2014 G. Turner

A new deal has been reached in order to lengthen the long term coverage by another five months. A bipartisan senator group has now come to a deal that will allow the federal long term unemployment insurance program to be extended for an additional five months. This agreement has arrived after several months of focused negotiations and will be applied retroactively. The unemployment insurance will be distributed retroactively to those whose benefits expired at the close of last year. The price tag that comes with extending these benefits will be…

Unemployment insurance bill to extend the coverage in the works

December 31, 2013December 28, 2013 H. Cutner

This is developing into an effort that has bipartisan support as a Republican senator has jumped on the bandwagon. According to the Rhode Island Democrat Senator Jack Reed, he will be introducing a bill that would extend the long term federal unemployment insurance program by three months, and this proposal has a Republican co-sponsor. The hope is that there will be a procedural vote on this topic as early as January 6. Senator Reed discussed the importance of the unemployment insurance bill, stating that “This is not a program that…

Federal unemployment insurance benefits collapse

December 26, 2013December 21, 2013 Nordstrom

Legislative inaction could leave people without benefits Some 1.3 million people will lose their insurance benefits at the end of the month due to legislative inaction from the U.S. Congress. Federal lawmakers have declined to renew emergency funding that had been implemented for the federal unemployment insurance program. The benefits provided by this program have provided consumers throughout the country with some degree of financial stability as they look for employment. Unemployment insurance was augmented by emergency funds due to ongoing economic issues throughout the U.S. that made it nearly…