Posted in Home Insurance
August 24th, 2011
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In the wake of a 5.8-magnitude earthquake that rattled much of the East Coast on Tuesday, many are wondering whether the area is financially prepared for a recurrence of such an event. Since the region is rarely hit with this type of natural disaster, insurance officials confirm that most homeowners do not carry necessary earthquake insurance. 
Posted in Health Insurance
August 22nd, 2011
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Proposed regulations announced last week by the Department of Health and Human Services would require health insurance companies to make available clear, concise and consistent information about individuals’ policies. The information would have to be offered in easy-to-understand language so those interested in buying policies would understand exactly what they’re paying. 
Posted in Life Insurance , Life Insurance Companies
August 19th, 2011
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American International Group (AIG) gave the U.S. Treasury Department $2.15 billion this week after completing the sale of a Taiwan unit. This brings the life insurance company that much closer to its goal of repaying the department completely for the bailout it received after the financial crisis. 
Posted in Health Insurance
August 15th, 2011
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The 11th Circuit U.S. Court of Appeals in Atlanta issued a ruling last week that the mandate in the health care reform law that requires all adults purchase health insurance is unconstitutional. The ruling came months after the Obama administration appealed a previous ruling in hopes of garnering support from judges to support the law. 
Posted in Auto Insurance
August 12th, 2011
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A new survey has revealed that the majority of Americans believe that the government should standardize state programs that delay full licensure of teen motorists. According to the survey, conducted by Allstate Insurance, most adults believe teens are bad drivers and need additional time to practice before being given full driving rights. 
Posted in Health Insurance
August 10th, 2011
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Starting this fall, Walgreens, the nation’s largest drugstore chain, is expected to begin selling health insurance to customers. The insurance products, which will be available from coast-to-coast through a private health insurance exchange, will come with different price ranges and coverage levels. 
Posted in Auto Insurance
August 8th, 2011
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Auto insurer State Farm is the next in line to offer its version of usage-based driving discounts. The company recently announced it has unveiled a new device that will provide policyholders with a number of safety features while offering savings options through their discount auto insurance program. 
Posted in Health Insurance , Medicare
August 5th, 2011
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The Department of Health and Human Services announced on Thursday that Medicare participants are expected to see a drop in prescription costs next year. Medicare Part D, which is a portion of the health insurance program specifically dedicated to prescription benefits, will see costs decline slightly from 2011. 
Posted in Auto Insurance
August 3rd, 2011
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The National Insurance Crime Bureau (NICB) released its list of the 10 most stolen vehicles in the United States. The report examines vehicle theft data submitted to the bureau by law enforcement to determine the makes, models and model years of the vehicles reported most stolen in 2010. This information is highly valuable to anyone shopping for a car and concerned about the cost of auto auto insurance. 
Posted in Health Insurance
August 3rd, 2011
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Good news is on the horizon for millions of individuals who rely on brand name medications to manage their conditions. Over the next 14 months, the cost of prescription medicine will plummet as the patents for several of the world’s 20 best-selling drugs expire. 