Insurance News & Info

Obama’s administration has eliminated one of the Affordable Care Act’s key new entitlement programs, saying that the Community Living Assistance Services (CLASS) Act which would have provided a basic lifetime benefit of a least $50 a day in the event of illness or disability, and was supposed to help reduce the federal budget by $86 [...]

The Obama administration’s signature health overhaul law, under relentless assault by Republicans, has suffered its first major casualty — a long-term care insurance plan. View full post on Yahoo! Health News

The Obama administration Friday pulled the plug on a major program in the president’s signature health overhaul law — a long-term care insurance plan dogged from the beginning by doubts over its financial solvency. View full post on Yahoo! Health News

View full post on Yahoo! Finance: Life Insurance Industry News

A major overhaul of the workers’ compensation system in Washington is already helping keep costs down for businesses, state officials said Tuesday while disclosing a major rate increase isn’t needed to keep finances stable. The Department of Labor & Industries … View full post on Insurance Journal » News

Legislation overhauling the Oklahoma workers’ compensation laws becomes effective today, Aug. 26, 2011. The Oklahoma Workers’ Compensation Court noted that while the effective date for Senate Bill 878 is Aug. 26, various provisions contained in the legislation may have different … View full post on Insurance Journal » News

The Oklahoma Insurance Department has formally notified federal officials that it is returning nearly $1 million in federal funds targeted for health insurance rate reviews, Oklahoma Insurance Commissioner John Doak announced. Doak has also urged Gov. Mary Fallin to sign … View full post on Insurance JournalNews from Insurance Journal

The World Health Organisation needs to be revamped, Director-General Margaret Chan said Monday, as a drop in voluntary contributions by member states has burnt a hole in the body's finances. View full post on Yahoo! Health News

The Florida Senate has passed a property insurance overhaul aimed at creating more competition in the private marketplace and also cut down on fraudulent sinkhole claims. The measure (SB 408) passed on a 25-12 vote after some 50 minutes of … View full post on Insurance JournalNews from Insurance Journal

The auto insurance system in North Carolina badly needs an overhaul as the system that was created during the 1920’s was at one point in time very popular across the country. However, now North Carolina is the only state which has maintained its unenviable position of being in this bureaucratic system since then. Hence, the [...]