Todayâ€™s News: Wisconsin Mandates Auto Insurance, Chinese Drywall Bill Helps Home Insurance Customers and FedEx Offers Same-Sex Health Benefits
Wisconsin is about to become the 49th state to mandate minimum liability auto insurance while the House of Representatives in Louisiana is about to mandate that home insurance companies keep their policyholders after filing a Chinese drywall claim. Also, employees whoÂ work for FedEx will now be able to take advantage of health insurance benefits for same-sex domestic partners.
Wisconsin Mandates Minimum Liability Auto Insurance Coverage
As of Jan. 1, 2010, only two states did not mandate auto insurance for their residents: Wisconsin and New Hampshire, but soon this all will change.
Beginning June 1, 2010, Wisconsin requires motorists to carry an active auto insurance policy and have proof of coverage at all times to avoid facing citations and fines. The minimum liability coverage limits for Wisconsin, which were mandated in January, are $50,000 for injury death to one person, $100,000 for two or more people and $15,000 for property damage. They also need uninsured/underinsured coverage of $100,000/$300,000 for bodily injury. (Official Wire)
Home Insurers Required to Honor Chinese Drywall Claims
Last year, a major issue erupted when thousands of homeowners realizedÂ the Chinese drywall in their homes was making them sick. When they filed claims with their home insurance companies, however, many policyholders’ accounts were dropped. The Louisiana House of Representatives has decided to combat this by approving a bill that will prohibit insurers from dropping or not renewing homeowners and businesses who file claims for Chinese drywall. If insurers do not comply with the bill, they could face fines of up to $15,000. (Nola)
FedEx Offers Health Insurance Benefits to Same-Sex Domestic Partners
As of Jan. 1, 2010, shipping giant FedEx offers health insurance benefits to same-sex domestic partners nationwide at the request of itsÂ employees. The company currently offers these benefitsÂ to employees working in California and in its division FedEx Office. The reason that the health insurance benefits package will be effective in 2012 is to give it time to re-add a package that wasÂ cut due toÂ the recession.Â When it comesÂ available, it will not be offeredÂ to unmarried heterosexual couples. (WHNT – Memphis)