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6 Questions to Ask Your Agent About Flood Insurance

Original source: https://www.aldoi.gov/currentnewsitem.aspx?ID=1048

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Alabama Department of Insurance (05/16/19)

When it has to do with flood insurance, everyone’s dangers and needs are somewhat different. Talking with a broker through your choices is able to help you choose a policy that is a fantastic fit. When flood insurance is not required, your threat is for flood in the event that you don’t reside near a body of water actual. Renters and property owners should think about buying flood insurance. The renter’s personal home wouldn’t be covered while harm done to a structure would be the duty of the home owner. You would require flood insurance to guard your own private property. Flood insurance is a separate coverage which you may buy through the National Flood Insurance Program (NFIP). You may also have options from a private insurance company. NFIP policies include a waiting period if your policy is bought at precisely the same time as a newly purchased home. Some private companies may have a shorter waiting period…. Read More

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Original source: https://www.aldoi.gov/currentnewsitem.aspx?ID=1048

We search the net everyday to make you to realize to the need of having a Property Damage Adjustment Consultant there to assist you. Take a few seconds to read this web post we just found.

Alabama Department of Insurance (05/16/19)

When it has to do with flood insurance, everyone’s dangers and needs are somewhat different. Talking with a broker through your choices is able to help you choose a policy that is a fantastic fit. When flood insurance is not required, your threat is for flood in the event that you don’t reside near a body of water actual. Renters and property owners should think about buying flood insurance. The renter’s personal home wouldn’t be covered while harm done to a structure would be the duty of the home owner. You would require flood insurance to guard your own private property. Flood insurance is a separate coverage which you may buy through the National Flood Insurance Program (NFIP). You may also have options from a private insurance company. NFIP policies include a waiting period if your policy is bought at precisely the same time as a newly purchased home. Some private companies may have a shorter waiting period…. Read More

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Boom in Dodgy Wall Street Deals Points to Market Trouble Ahead

Original source: https://www.bloomberg.com/news/articles/2019-05-16/boom-in-dodgy-wall-street-deals-points-to-market-trouble-ahead

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IPOs in Uber and Lyft were heralded as a return however they have become signs of Wall Street eagerness amid an equity-market bounce. “At a certain point, individuals are going to get burned,” said Marshall Front, chief investment officer in Front Barnett Associates. It has fallen by a third, although lyft shut with a $25 billion evaluation in March party. Meanwhile, statistics compiled by Bloomberg show that crap bond issuance past week saw the weakest in 20 months, $12 billion priced, and is ahead of the pace of last year. In addition, investment-grade issuance, while down from one year ago, is picking up steam. Further, both private equity firms are benefiting from credit conditions that are benign to cut risk and realize gains sooner, saddling the companies they invest in using more debt to pay dividends to themselves. According to statistics compiled by Bloomberg, issuance of leveraged loans for distributions to equity holders attained a high in April. As of this week, 89 initial offerings raised $27.2 billion from the USA, marking the fastest start since 2014…. Read More

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Original source: https://www.bloomberg.com/news/articles/2019-05-16/boom-in-dodgy-wall-street-deals-points-to-market-trouble-ahead

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IPOs in Uber and Lyft were heralded as a return however they have become signs of Wall Street eagerness amid an equity-market bounce. “At a certain point, individuals are going to get burned,” said Marshall Front, chief investment officer in Front Barnett Associates. It has fallen by a third, although lyft shut with a $25 billion evaluation in March party. Meanwhile, statistics compiled by Bloomberg show that crap bond issuance past week saw the weakest in 20 months, $12 billion priced, and is ahead of the pace of last year. In addition, investment-grade issuance, while down from one year ago, is picking up steam. Further, both private equity firms are benefiting from credit conditions that are benign to cut risk and realize gains sooner, saddling the companies they invest in using more debt to pay dividends to themselves. According to statistics compiled by Bloomberg, issuance of leveraged loans for distributions to equity holders attained a high in April. As of this week, 89 initial offerings raised $27.2 billion from the USA, marking the fastest start since 2014…. Read More

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California's New Climate and Sustainability Chief in Talks with Insurers

Original source: https://www.insurancejournal.tv/videos/17793/

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The introduction of this article has been hailed then as”the nation’s first executive-level rank focused on engaging the insurance industry in the battle against climate change.” While he is not ready yet to advocate laws that are tougher or sweeping alterations to deliver California insurers further he says the talks with the sector going nicely, and have been continuing. “I think insurers have been ready to speak about such problems,” Peterson said. “I would say not every one of the ideas are fully on the market. We are still looking to be collaborative nicely into the near future, but I believe that the response has been quite good.” He added,”What we’re searching for is a detailed set of policies. I think that having a more collaborative approach is right here.”… Read More

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Original source: https://www.insurancejournal.tv/videos/17793/

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The introduction of this article has been hailed then as”the nation’s first executive-level rank focused on engaging the insurance industry in the battle against climate change.” While he is not ready yet to advocate laws that are tougher or sweeping alterations to deliver California insurers further he says the talks with the sector going nicely, and have been continuing. “I think insurers have been ready to speak about such problems,” Peterson said. “I would say not every one of the ideas are fully on the market. We are still looking to be collaborative nicely into the near future, but I believe that the response has been quite good.” He added,”What we’re searching for is a detailed set of policies. I think that having a more collaborative approach is right here.”… Read More

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Opinion: Our Turn: There's Room for Compromise on Paid Family Leave

Original source: https://www.concordmonitor.com/Paid-family-leave-insurance-25595584

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Concord Monitor (NH) (05/17/19) Elias, John; Copadis, George

A Significant consensus has emerged in New Hampshire regarding Medical and Family leave (FMLI) insurance, Also writes John Elias, commissioner of the New Hampshire Insurance Department, along with George Copadis, commissioner of the New Hampshire Department of Employment Security.

New Hampshire Gov. Chris Sununu along with the nation’s legislature have put forward two distinct legislative proposals that would each employ a statewide medical and family leave insurance program. For over a year, the sheriff’s employees, along with the New Hampshire Insurance Department, the Department of Employment Security have worked with stakeholders and industry experts to design a plan which is going to be feasible for your state. As commissioners, Copadis and Elias have a position to realize there is room for compromise. It is their hope this can be the year that FMLI becomes done…. Read More

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Original source: https://www.concordmonitor.com/Paid-family-leave-insurance-25595584

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Concord Monitor (NH) (05/17/19) Elias, John; Copadis, George

A Significant consensus has emerged in New Hampshire regarding Medical and Family leave (FMLI) insurance, Also writes John Elias, commissioner of the New Hampshire Insurance Department, along with George Copadis, commissioner of the New Hampshire Department of Employment Security.

New Hampshire Gov. Chris Sununu along with the nation’s legislature have put forward two distinct legislative proposals that would each employ a statewide medical and family leave insurance program. For over a year, the sheriff’s employees, along with the New Hampshire Insurance Department, the Department of Employment Security have worked with stakeholders and industry experts to design a plan which is going to be feasible for your state. As commissioners, Copadis and Elias have a position to realize there is room for compromise. It is their hope this can be the year that FMLI becomes done…. Read More

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My House Has Suffered Water Damage, Am I Covered?

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/cU0Yjgy9a7U/

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A lot of the United States have seen swings of weather. From the 70’s on Saturday on 47 levels and a inch of rain on Monday, severe weather can wreak havoc. With torrential rains and flash flooding in many parts of the Northeast lately, many wind up asking: Why my…… Continue Reading
Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/cU0Yjgy9a7U/

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A lot of the United States have seen swings of weather. From the 70’s on Saturday on 47 levels and a inch of rain on Monday, severe weather can wreak havoc. With torrential rains and flash flooding in many parts of the Northeast lately, many wind up asking: Why my…… Continue Reading
Read More

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Panel Approves Cut in Insurance-Premium Fee

Original source: https://www.arkansasonline.com/news/2019/may/17/panel-approves-cut-in-insurance-premium/

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Arkansas Democrat-Gazette (05/17/19) Davis, Andy

A legislative panel at Arkansas has approved a reduction in the fee billed to insurance companies in the state that offer subsidized health care under the Affordable Care Act. The commission, expected to bring in $3.9 million this year, had gone to support the operations of the Arkansas Health Insurance Marketplace, an agency that was consumed by the state Insurance Department on March 15 as a result of a law passed in this year’s legislative session. Arkansas Insurance Commissioner Allen Kerr told lawmakers on the subcommittee that a fee collected by the federal government to support HealthCare.gov is also predicted to decline next year, from 3 percent of their premiums to 2.5%. He added the cash collected from the commission this season will go into a fund that will pay the expense of operating the Insurance Department branch that absorbed the duties of the marketplace. “The people of Arkansas have already paid with it for the next few years, and we are likely to operate it accordingly,” Kerr explained…. Read More

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Original source: https://www.arkansasonline.com/news/2019/may/17/panel-approves-cut-in-insurance-premium/

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Arkansas Democrat-Gazette (05/17/19) Davis, Andy

A legislative panel at Arkansas has approved a reduction in the fee billed to insurance companies in the state that offer subsidized health care under the Affordable Care Act. The commission, expected to bring in $3.9 million this year, had gone to support the operations of the Arkansas Health Insurance Marketplace, an agency that was consumed by the state Insurance Department on March 15 as a result of a law passed in this year’s legislative session. Arkansas Insurance Commissioner Allen Kerr told lawmakers on the subcommittee that a fee collected by the federal government to support HealthCare.gov is also predicted to decline next year, from 3 percent of their premiums to 2.5%. He added the cash collected from the commission this season will go into a fund that will pay the expense of operating the Insurance Department branch that absorbed the duties of the marketplace. “The people of Arkansas have already paid with it for the next few years, and we are likely to operate it accordingly,” Kerr explained…. Read More

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'Sham' Sharing Ministries Test Faith of Patients and Insurance Regulators

Original source: https://khn.org/news/sham-sharing-ministries-test-faith-of-patients-and-insurance-regulators/

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Kaiser Health News (05/17/19) Aleccia, JoNel

Within the past few years, some Washington state residents found that products they purchased through Aliera Healthcare Inc., did not provide coverage for the price of maintenance. These residents had enrolled in what Aliera officials claimed had been a sharing ministry. But, Washington insurers state that the firm does not satisfy the definition of a sharing ministry also explained Aliera’s goods because of”sham.” Other states, such as New Hampshire and Texas, have the ability to take actions. Washington state Insurance Commissioner Mike Kreidler ordered operations in Washington to stop, alleging the firm sold health insurance and engaging in deceptive business practices. “They don’t have the immediate affiliation with a particular religious group, a church, a pastor,” Kreidler states. “These appear to be ones that come in having a chance here to make money.”… Read More

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Original source: https://khn.org/news/sham-sharing-ministries-test-faith-of-patients-and-insurance-regulators/

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Kaiser Health News (05/17/19) Aleccia, JoNel

Within the past few years, some Washington state residents found that products they purchased through Aliera Healthcare Inc., did not provide coverage for the price of maintenance. These residents had enrolled in what Aliera officials claimed had been a sharing ministry. But, Washington insurers state that the firm does not satisfy the definition of a sharing ministry also explained Aliera’s goods because of”sham.” Other states, such as New Hampshire and Texas, have the ability to take actions. Washington state Insurance Commissioner Mike Kreidler ordered operations in Washington to stop, alleging the firm sold health insurance and engaging in deceptive business practices. “They don’t have the immediate affiliation with a particular religious group, a church, a pastor,” Kreidler states. “These appear to be ones that come in having a chance here to make money.”… Read More

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Letter: Legislative Session Brought Big Changes to the ND Insurance Dept.

Original source: https://www.inforum.com/opinion/letters/1052251-Letter-Legislative-session-brought-big-changes-to-the-ND-Insurance-Dept.

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INFORUM (ND) (05/17/19) Godfread, Jon

North Dakota Insurance Commissioner Jon Godfread writes,”This session, the North Dakota Insurance Department suggested some substantial modifications — including providing a reinsurance program to reduce premiums for the more than 42,000 North Dakotans who purchase their own health , a restructuring of the Insurance Department, also steps ensuring we completely support North Dakota’s fire districts. These changes accepted by this Legislature will benefit every North Dakotan in certain manner. … Although we await federal approvalwe anticipate that our farmers, ranchers, and small business owners to obtain any much-needed relief when picking their 2020 health insurance plans. The Insurance Department estimates premium discounts of up to 20% along with that market’s stabilization, over the market. The Insurance Department will also examine our healthcare market to have a better comprehension of the prices we are paying at the machine; the ultimate goal being a more transparent and cheaper healthcare system.”… Read More

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Original source: https://www.inforum.com/opinion/letters/1052251-Letter-Legislative-session-brought-big-changes-to-the-ND-Insurance-Dept.

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INFORUM (ND) (05/17/19) Godfread, Jon

North Dakota Insurance Commissioner Jon Godfread writes,”This session, the North Dakota Insurance Department suggested some substantial modifications — including providing a reinsurance program to reduce premiums for the more than 42,000 North Dakotans who purchase their own health , a restructuring of the Insurance Department, also steps ensuring we completely support North Dakota’s fire districts. These changes accepted by this Legislature will benefit every North Dakotan in certain manner. … Although we await federal approvalwe anticipate that our farmers, ranchers, and small business owners to obtain any much-needed relief when picking their 2020 health insurance plans. The Insurance Department estimates premium discounts of up to 20% along with that market’s stabilization, over the market. The Insurance Department will also examine our healthcare market to have a better comprehension of the prices we are paying at the machine; the ultimate goal being a more transparent and cheaper healthcare system.”… Read More

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House Passes Legislation Aiming to Shore Up Health Law and Lower Drug Costs

Original source: https://www.nytimes.com/2019/05/16/us/politics/house-health-care-drug-costs.html

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The New York Times (05/16/19) Goodnough, Abby; Thomas, Katie

The U.S. House passed a package of health care bills to coast up the Affordable Care Act (ACA), lower drug prices, and secure coverage for preexisting medical conditions. One bill would restore $100 million in funding the Trump administration had cut for”navigator” classes that help people sign up for insurance through the ACA’s online exchanges, and also another could undo a Trump administration rule that enlarged short-term medical insurance programs. There also are invoices to provide states with money that they can use to make their own online marketplaces in which people are able to purchase health coverage under the law. The Senate has been working on its package of health-related bills. Related Stories: Washington Post; The Hill; Modern Healthcare (registration)… Read More

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Original source: https://www.nytimes.com/2019/05/16/us/politics/house-health-care-drug-costs.html

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The New York Times (05/16/19) Goodnough, Abby; Thomas, Katie

The U.S. House passed a package of health care bills to coast up the Affordable Care Act (ACA), lower drug prices, and secure coverage for preexisting medical conditions. One bill would restore $100 million in funding the Trump administration had cut for”navigator” classes that help people sign up for insurance through the ACA’s online exchanges, and also another could undo a Trump administration rule that enlarged short-term medical insurance programs. There also are invoices to provide states with money that they can use to make their own online marketplaces in which people are able to purchase health coverage under the law. The Senate has been working on its package of health-related bills. Related Stories: Washington Post; The Hill; Modern Healthcare (registration)… Read More

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White House Wants Patients to Know Health-Care Prices Up Front

Original source: https://www.wsj.com/articles/white-house-pushes-for-more-transparency-on-health-care-prices-11557945220

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Wall Street Journal (05/15/19) Armour, Stephanie

In recent weeks, the Trump government has been working behind the scenes to get a strategy to induce greater price disclosure across much of the $3.5 trillion health-care industry. Sources say the strategy relies on existing administrative instruments, such as Labor Department powers under the law that establish minimum criteria for current principles that are hospital-payment and private-industry health plans under Medicare. The sources note the administration is considering forcing insurance companies to publicize the rates they pay for providers, such as insurance companies providing coverage at the private-employer sector. In addition, they state the White House needs hospitals and doctors to give their cost of care to patients till they receive services or treatment, whether or not the health-care provider is at the individual’s insurance network. The projects are expected to move to require physicians hospitals, and other providers to publicly disclose the negotiated costs they charge insurance companies for their solutions…. Read More

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Original source: https://www.wsj.com/articles/white-house-pushes-for-more-transparency-on-health-care-prices-11557945220

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Wall Street Journal (05/15/19) Armour, Stephanie

In recent weeks, the Trump government has been working behind the scenes to get a strategy to induce greater price disclosure across much of the $3.5 trillion health-care industry. Sources say the strategy relies on existing administrative instruments, such as Labor Department powers under the law that establish minimum criteria for current principles that are hospital-payment and private-industry health plans under Medicare. The sources note the administration is considering forcing insurance companies to publicize the rates they pay for providers, such as insurance companies providing coverage at the private-employer sector. In addition, they state the White House needs hospitals and doctors to give their cost of care to patients till they receive services or treatment, whether or not the health-care provider is at the individual’s insurance network. The projects are expected to move to require physicians hospitals, and other providers to publicly disclose the negotiated costs they charge insurance companies for their solutions…. Read More

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