13 Jul
Posted by Andrew Sanchez as Insurance news
The House of Representatives passed the National Flood Insurance Reform Act this week, which will re-authorize the National Flood Insurance Program (NFIP). After years of debates from lawmakers on how to handle the program, the House surprised many by passing the bill easily.
The House passed HR 1309 with a 406-22 vote this week. Lawmakers were highly supportive of the bill that re-authorizes the NFIP.
13 Jul
Posted by Andrew Sanchez as Insurance news
Personal injuries pertain to damages that an individual acquires from earlier incidents. In most cases, physical damages are the most real proofs of personal injuries. But aside from the physical strains may also be on the emotional, mental, as well as other aspects of an individual’s well-being.
Gaining personal damages from incidents caused by other people’s carelessness or utter negligence is, definitely, a tough thing to cope with. Aside from having to heal from the strains obtained, an accident victim may also experience from financial losses and loss of job opportunities. Due
Health care insurance is insurance against the danger of incurring hospital charges among individuals. By estimating the overall possibility of medical care expenses among a concentrated group, an insurer can develop a routine finance structure, for example a monthly premium or payroll tax, to ensure that money is available to pay for the medical care benefits stated in the insurance contract. The benefit is administered by a central organization for example a central agency, private business, or not-for-profit entity
In the 19th century, accident insurance emerged to be available, which operated very similar to modern medical insurance.
12 Jul
Posted by Andrew Sanchez as Insurance news
Health care experts say that the Medicare and Medicaid budget cuts that have been proposed by lawmakers to resolve the debt ceiling issue would only shift health costs, not eliminate them, according to a new Wall Street Journal story. So far, abut $350 billion in cuts have been proposed to the two programs over the next 10 years, but most think these government savings would actually become new costs for others.
Lawmakers have been in debates over the past few weeks on how to avoid default after national debt reached its $14.3 trillion ceiling on May 16.