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August 2011
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Insurance lawsuits to follow Irene

by Reuters - Sep 01,2011

NEW YORK (Reuters) - As the water recedes from Hurricane Irene, lawyers are expecting disputes over insurance coverage to pour in. The biggest fights will stem from arguments over property damage and whether it resulted from wind or water, ... [full story]

Insurers escape Irene's wrath, economy does not

by Reuters - Sep 01,2011

NEW YORK (Reuters) - Hurricane Irene may heap billions of dollars of extra costs on the already fragile U.S. economy, but insurance companies are likely to emerge relatively unscathed. Most of Irene's damage was from flooding, which the government ... [full story]

Few insurers planning for climate change

by Reuters - Sep 01,2011

NEW YORK, Sept 1 (Reuters) - Only one in eight insurers has a formal policy in place to manage climate risk, despite rising evidence that environmental changes are exacerbating insurers' disaster losses, according to a coalition of public interest groups. ... [full story]

Cleanup starts in NJ amid continuing flooding

by Bloomberg.com - Aug 31,2011

Fabio Berni wondered when the liquor store where he works will be able to reopen. Susan Laughlin despaired over the damage to the ground-floor apartment in her house that filled with five feet of water Sunday. Bonnie Riddick, ... [full story]

Rebuilding after Irene? Watch for contractor scams

by AP Associated Press - Aug 31,2011

Homeowners who found themselves in the sights of Hurricane Irene may soon be targeted by scammers looking to profit from their pain. As attention turns to repair and rebuilding, residents in affected areas should be aware that disasters often ... [full story]

NAMIC: Oversight Needed to Protect Property/Casualty Insurance from Federal, International Intrusion

by NAMIC - Aug 31,2011

WASHINGTON (July 28, 2011) A strong insurance industry would be substantially weakened through excessive regulation or federal intrusion, the National Association of Mutual Insurance Companies (NAMIC) said in testimony before a House subcommittee today. At a hearing entitled “Insurance ... [full story]

Crop Insurance Critical to Kansas Agriculture

by AP Associated Press - Aug 30,2011

Kansas farmers and rural leaders told the U.S. Senate committee drafting the new Farm Bill that the federal crop insurance program is critical to Kansas agriculture. Their testimony came during a field hearing in Wichita by the U.S. Senate ... [full story]

Many US Employers Unsure About Impact Of State-based Insurance Exchanges In 2014

by Medical News Today - Aug 30,2011

45% of US employers are going to rethink their long-term health care strategy next year, and a significant number are unsure how they will react to the impending impact of state-based insurance Exchanges in 2014, according to a survey carried ... [full story]

House panels to consider repeal of 'grandfather' rules for health care plans

by BusinessInsurance.com - Aug 30,2011

WASHINGTON—House Republican leaders on Monday said several House committees will develop legislation to repeal the health care reform law's grandfather plan rules. Failure to follow those rules will result in health care plans losing an exemption from complying with ... [full story]

Loss Of Health Insurance Through Unemployment Means Many Skip Needed Health Care

by Medical News Today - Aug 29,2011

Nearly three-quarters (72%) of people who lost their health insurance when they lost their jobs over the last two years said that they skipped needed health care or did not fill prescriptions because of cost, according to a new Commonwealth ... [full story]

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