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Monthly Archives: March 2011

Vermont moves closer to single-payer health care system

MONTPELIER, Vt.—The Vermont House has approved legislation that would move the state closer to a single-payer health care system. H.B. 202, which cleared the House Wednesday on a 92-49 vote, would establish a five-member board to develop a health care benefits package that would be available to all state residents through a new state insurance […]

State of New York discusses merging insurance and banking agencies

NEW YORK—New York state legislative leaders have agreed to Gov. Andrew Cuomo’s proposal to merge the state banking and insurance departments into one new agency, the governor announced. Establishing the Department of Financial Services is among a number attempts to improve government efficiency that the governor proposed as part of his 2011-2012 state budget. “I […]

Japan quake, tsunami could produce 300 billion in property casualty insurance claims

This is the latest estimates on the losses in Japan…. SENDAI, Japan—Economic losses from the earthquake and tsunami that struck Japan likely will be $200 billion to $300 billion, catastrophe modeler Risk Management Solutions Inc. said Monday. Newark, Calif.-based RMS said in a statement that it is too soon to estimate insured losses from the […]

Colorado Health Insurance must include maternity

Health Insurance Carriers Must Include Maternity Coverage As of January 1, 2011, individual health insurance policies in Colorado must include maternity coverage, regardless of gender or age, on both newly issued and renewing major medical policies after that date. A new bulletin issued today by the Colorado Division of Insurance clarifies this interpretation of the […]

NFL players will lose health insurance benefits starting tonight at midnight

With the collective bargaining agreement up, players will choose to either pay the COBRA or obtain their own individual insurance. Hopefully some Denver Broncos will be calling today looking for their own coverage 🙂

Pinnacol Assurance Colorado Workers Comp CEO loses bonus

The CEO of Pinnacol Assurance is forfeiting his 163,115 bonus, but gets to keep his job after the Pebble Beach incident back in May. Pinnacol spent for than 300,000 on a golf outing to Pebbble Beach and the Ken Ross got into a physical confrontation with a cameraman. ” The golf trip was a mistake, […]

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