Insurance News

Posts Tagged ‘DeLay

Decisions such as the Federal Emergency Management Agency?s to delay charging market rates for policies sold in certain areas under the deficit-ridden National Flood Insurance Program, could become more common, an insurer group said.

An official of the Property Casualty Insurers Association of America warned that extensions like the two-year delay are likely to be the rule rather than the exception, at least until legislation as proposed Read the rest of this entry »

WASHINGTON ?After a lawmaker agreed to drop his objections, the Senate voted final approval last night for legislation that included a reauthorization of the National Flood Insurance Program.

Senate action followed an agreement by Sen. Jim Bunning R-Ky., to end his filibuster and allow the Senate to move forward with H.R. 4691, a composite spending measure that in addition to reviving the NFIP until March 28 extended several other Read the rest of this entry »

The Risk and Insurance Management Society, Inc. said New York State?s final compensation disclosure regulation for agents and brokers is not stringent enough and called on officials to gather more information.

RIMS move follows an Independent Insurance Agents & Brokers of New York announcement yesterday that it is going to court against the rule because it is too difficult for its members. RIMS asked the Department of Insurance to reopen Read the rest of this entry »

WASHINGTON?Two property/casualty insurance industry groups and a self-insurance group asked the U.S. government Friday to delay implementation of mandatory Medicare secondary payer reporting requirements.

The requirements that are to go into effect April 1 are designed to ensure that Medicare remains the secondary payer when a Medicare beneficiary has medical expenses that fall under the primary responsibility of liability insurance?including Read the rest of this entry »

WELLESLEY, Mass.–(BUSINESS WIRE)–The U.S. division of Sun Life Financial Inc. (NYSE:SLF, TSX:SLF) today released the latest edition of its UnretirementSM Index, which reveals 65 percent of American workers will delay their retirement by at least one year ? an 11 percent increase since the end of 2008. The Index also indicates 27 percent of Americans now believe they will need to work at least five years longer than expected because of the Read the rest of this entry »