Insurance News

Posts Tagged ‘house

Twenty-five members of the House have asked federal health regulators to ensure a role for licensed insurance agents in the web portal that will be used to aid consumers in comparing coverage options.

The Department of Health and Human Services unveiled the web portal July 1 on a trial basis. An update with more comprehensive information is scheduled to be in place as of Oct. 1.

The web portal is seen as a precursor to the health insurance Read the rest of this entry »

The House voted Wednesday to strip health insurance companies of their exemption from federal antitrust laws, a Democratic measure that could resonate with public concerns about insurers but that has an uncertain future in the Senate.

The provision passed on a 406 to 19 vote, with most Republicans joining all the House Democrats in voting for the measure.

President Obama has said he favors the idea of repealing the exemption, and Read the rest of this entry »

WASHINGTON?Insurance trade groups are asking the House to reject proposed legislation that would end the antitrust exemption afforded health and medical malpractice insurers by the McCarran-Ferguson Act.

A group of 10 trade groups, nine representing property and casualty and medical liability insurers and the National Association of Insurance and Financial Advisers, sent the letter Friday in anticipation that the House will soon vote Read the rest of this entry »

The House passed the wide-ranging Wall Street Reform and Consumer Protection Act of 2009, drawing an immediate and generally favorable reaction from one insurance trade group and a lukewarm response from another.

After the measure that would create a Federal Insurance Office was approved today on vote of 223 to 202, Charles M. Chamness, the National Association of Mutual Insurance Companies president and CEO, said the bill respected the Read the rest of this entry »

The House passed the wide-ranging Wall Street Reform and Consumer Protection Act of 2009, drawing an immediate and generally favorable reaction from one insurance trade group and a lukewarm response from another.

After the measure that would create a Federal Insurance Office was approved today on vote of 223 to 202, Charles M. Chamness, the National Association of Mutual Insurance Companies president and CEO, said the bill respected the Read the rest of this entry »

House Republicans unveiled their health reform proposal Tuesday night.

Their alternative health care bill “would reward states for reducing the number of uninsured, limit damages in medical malpractice lawsuits and allow small businesses to band together and buy insurance exempt from most state regulation,” The New York Times reports. “In its opening section, the Republican bill, which has no chance of passing, promises to lower health Read the rest of this entry »

WASHINGTON —The House plans to speed up consideration of a measure to reform regulation of surplus lines insurance and reinsurance, insurance lobbyists said today.

The bill (H.R. 2571) will be taken up under expedited procedures. At the same time the lobbyists said the pace of enacting regulatory reform legislation is slowing down as Congress deals with other priorities.

The lobbyists who commented made their remarks in Read the rest of this entry »

Whether you are just beginning the process of looking for your first home or are in search of a move from a home you already own, Open Houses present a great opportunity to walk through the home and begin to get a feel for price relative to condition in a certain area.

It is important however to understand how your representation is affected when the simple words “Honey, stop the car” are uttered.

The concept of “procuring Read the rest of this entry »

WASHINGTON—Legislation that would provide incentives for the adoption and enforcement of statewide building codes throughout the nation has been introduced in the House.

The bill, H.R. 2592, is sponsored by Rep. Michael Arcuri, D-N.Y., and Rep. Lincoln Diaz-Balart, R.-Fla.

It improves upon the current mitigation programs in the Robert T. Stafford Disaster Relief and Emergency Assistance Act (Stafford Act).

It has several Read the rest of this entry »

AUSTIN — Windstorm insurance reform legislation suddenly got voted out of a House committee Wednesday after Gov. Rick Perry threatened to call a special session on June 2 if the bill does not pass.

Both inland and coastal lawmakers expressed concerns about the bill they voted on, but said they needed to get something to a House/Senate conference committee if there is any hope of reaching a compromise to avoid a special session.

Read the rest of this entry »