Posts tagged with: "insurance"
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14 Jul 2010, 1:18 pm
The Missouri Department of Insurance recently announced that health insurance companies in Missouri are now required to cover dependant children up through age 26 under a parent's health insurance policy. The requirement takes effect for policy years beginning September 23rd or later. The age 26 requirement does not apply to adult children who have other health insurance available to them, such as through their own employer's policy. Coverage must include all the benefits of younger dependents and… [read post]
23 Sep 2010, 11:14 am
The USA TODAY reports that if a major hurricane were to hit coastal communities, its devastating financial effects could reach far beyond those who actually incur damages.
After Hurricane Katrina, private insurers fled coastal areas, including Florida, which caused many states to expand their own insurance companies. For instance, in Florida we have seen the recent expansion of Citizens Insurance despite the legislative's mandate that it be the insurer of last resort. Nonetheless, much of the… [read post]
11 Jul 2012, 11:04 am
Insurance regulators nationwide will get a chance in August to hear consumer gripes about property insurance that is force-placed on homes.
The National Association of Insurance Commissioners has scheduled a public hearing on Aug. 9 to discuss the use of lender-placed insurance and the impact on consumers. The hearing will take place during the summer national meeting of NAIC, which is the standard-setting and regulatory oversight organization for state insurance regulators.
NAIC said… [read post]
14 Nov 2011, 11:13 am
Barger & Wolen's Insurance Litigation & Regulatory Law and Life, Health, Disability Insurance Law blogs have been named to LexisNexis' Insurance Law Community's Top Insurance Blogs 2011.
According to LexisNexis,
These top blogs offer some of the best writing out there. They contain a wealth of information for all segments of the insurance industry, and include timely news items, expert analysis, practice tips, frequent postings and helpful links to other sites and sources.
These sites demonstrate… [read post]
22 Aug 2011, 10:13 am
With long-term care insurance policies, the costs of assisted living facilities, in-home care and private nursing homes are covered. And, in many cases, these policies offer inflation protection, too. But since not many eligible consumers are signing up for policies, the companies that offer them are trying to make them more palatable.
It is an unfortunate fact that healthcare costs are steadily rising and will only continue to rise in the… [read post]
13 Jan 2012, 11:08 am
Insurance policies are complicated legal contracts between you, the policy holder, and the insurance company. Very often, when a policy holder makes a claim for damages they believe should be covered by their insurance policy, the insurance company will deny the claim citing a reason unknown or often misunderstood by the policy holder.
On December 27, 2011, the Missouri Court of Appeals, Eastern Division, decided an insurance case based on the disputed definition of "owned" and "resident". The… [read post]
27 Dec 2012, 12:34 pm
Household incomes have definitely decreased over the last three years. Consumers who are willing to do some research and make some changes may be able to stretch those limited dollars.
One financial resolution we can make is to compare insurance among several different companies. Call some competing companies and ask for a quote. Always make sure you are comparing the same kind of coverage you currently have with the coverage you are considering replacing it with.
When it comes to auto and… [read post]
22 Aug 2011, 10:13 am
With long-term care insurance policies, the costs of assisted living facilities, in-home care and private nursing homes are covered. And, in many cases, these policies offer inflation protection, too. But since not many eligible consumers are signing up for policies, the companies that offer them are trying to make them more palatable.
It is an unfortunate fact that healthcare costs are steadily rising and will only continue to rise in the… [read post]
4 Mar 2013, 12:44 pm
The White Law Group continues to investigate potential FINRA arbitration claims against the broker-dealers that may have improperly sold Sala-Multi Series Fund and Foresee Strategies Insurance Funds.
The hedge funds, Foresee Strategies Insurance Fund, were issued by Sun Life Financial as variable annuity subaccounts to Sala-Multi Series Fund and than sold to investor by various broker-dealers such as SagePoint Financial Inc, Geneos Wealth Management Inc, Lincoln Financial Network, National Planning… [read post]
23 Jun 2011, 8:20 am
Healthy attorneys may get a better deal on structured attorney fees by pairing a life only annuity with life insurance , if the attorney is insurable. Life only annuities yield more than life...
This is a content summary only. Please click on the title for the full content, If you find yourself on FAEMM community, back out and type in www. structuredsettlements.typepad.com
[read post]
25 Feb 2011, 12:26 pm
by Marina Karvelas
In a press release issued today, California Insurance Commissioner Jones applauded the U.S. Department of Health and Human Services after it announced the availability of roughly $200 million in new health insurance rate review grants.
Specific funding is available to support states in their efforts to stop excessive premium increases from being implemented. However, California would not be eligible for this portion of the grant because California law currently does not empower… [read post]
7 Oct 2011, 10:57 am
Lawmakers in California have passed two bills that bolster the rights of consumers who purchase annuities or life and disability insurance policies.
Legislators gave a unanimous approval in early September to Senate Bill 621, which the California Department of Insurance said will protect consumers from discretionary clauses in life and disability insurance. The bill makes these clauses in either new or renewed policies void and unenforceable.
Discretionary clauses in policies give… [read post]
28 Jun 2012, 10:05 pm
By Larry Golub and Sam Sorich
On the day the Affordable Care Act was found to be constitutional by the United States Supreme Court, the backers of a proposed initiative that would bring prior approval of rates for health insurance to California announced that their initiative had failed to qualify for the November 2012 California ballot.
We initially reported on this proposed initiative back in January. Among other things, the initiative would have given the California Insurance Commissioner the… [read post]
5 Oct 2010, 10:00 pm
Sometimes marine insurance companies outright deny claims, but more often, they file what is known as declaratory judgment actions. A declaratory judgment action asks a federal court if an interpretation of the insurance policy -- usually an exclusion clause -- can be used to deny the claim. Depending upon the court's answer, the marine insurance company will either accept or deny the claim.
The reason why marine insurance companies bring declaratory judgment actions is to avoid the punitive… [read post]
4 Dec 2009, 8:00 am
. . . may also bring a visit from the tax man (or woman). Or the labor board. Or a process server.
My previous “Rose By Any Other Name” posts have been about (a) misnamed/unnamed insureds and (b) contracts (verbal vs. written). This post is about independent contractors who are really employees (at least, as far as the federal and state tax authorities are concerned), and other “thorny” employee classification issues.
At this time of rising State and Federal deficits, there seems to… [read post]
7 Jun 2010, 9:53 pm
Unfortunately, not all accidents are just minor fender benders. Should you find yourself in a serious accident, medical payments coverage pays for medical bills (and sometimes funeral bills) incurred by the driver and passengers injured in a motor vehicle accident regardless of who caused the accident. It also pays for you or your family members injured while riding in another's car or if struck by a car as a pedestrian.
Medical payment coverage is offered by most automobile insurance coverage and… [read post]
5 Feb 2013, 11:58 am
Per a new report from the Missouri Department of Insurance, the state's autism insurance law continues to benefit families affected by autism. The report also shows this new law is impacting health care costs minimally.
A 2010 law, signed by the governor, requires health insurance companies to cover specific autism therapies, including applied behavior analysis. The report also says that demand for these treatments increased more than 50 percent in 2012.
In addition to claims for general autism… [read post]
30 Jun 2010, 2:50 pm
A number of policyholder attorneys have asked me why FIGA is being so difficult lately. At one time, it was not that way. There has obviously been a change of the guard because nobody should expect quick resolution of any claim from FIGA based on recent complaints and the developing case law helps demonstrate this point.In Florida Guaranty Association, Inc. v. The Olympus Association, Inc., 34 So. 3d 791 (Fla. 4th DCA 2010), FIGA successfully argued to have a challenge to coverage following an… [read post]
29 Jan 2013, 9:10 am
The Missouri Department of Insurance reports consumers who filed complaints with the Missouri Department of Insurance received almost $11 million in additional claim payments from their insurance companies in 2012.
Per director John M. Huff: "Protecting Missouri consumers is our top priority, and they need to know we are a free resource that can assist when they run into problems with insurance claims. Sometimes all it takes is a call or letter from one of our technical experts to resolve a… [read post]
9 Jun 2010, 2:18 pm
With all the brouhaha about rating agencies being paid to rate it should be noted that Weiss Research DOES NOT charge a fee to the companies being rated, to be rated.
Latest Ratings:
A-
John Hancock Life Insurance Company of New York
New York Life Insurance Company
New York Life Insurance and Annuity Corporation (the qualified assignee of New York Life structured settlements)
Pacific Life and Annuity Company
B+
Allstate Life Insurance Company
B
Allstate Life Insurance Comapny of New York
John… [read post]