Report provides further insight into the health insurance problem of some states A recently released report from the U.S. Census Bureau highlighted the shortfalls in health insurance across the country. The report draws attention to where health insurance coverage is scarce and attempts to provide some insight as to why this may be the case. Kansas made insurance news headlines late last month as it was highlighted in the report, but the Census Bureau notes that the state is not the only one suffering from lack of health insurance coverage.…
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Texas Department of Insurance targeted by critics over blocking of emails
Agency blocks thousands of messages from consumers The Texas Department of Insurance has received hundreds of letters from consumers concerning the rates of homeowners insurance policies. The emails have been coming in since early July, with a total of 334 messages making their way to Insurance Commissioner Eleanor Kitzman. The rest of the emails have been blocked, with many of the addresses sending the messages being blacklisted by the agency in an effort to reduce the number of messages being received. The blocking of these addresses has caused some controversy…
Read MoreTropical Storm Lee Threatens Much of the Gulf Coast with Heavy Rainfall; Landfall
BOSTON, Sept. 2, 2011 – According to catastrophe modeling firm AIR Worldwide, Tropical Depression 13 has strengthened to Tropical Storm Lee. Lee is currently 200 miles southeast of Cameron, Louisiana, and 210 miles southwest of the mouth of the Mississippi River. Maximum sustained winds are 40 mph, up from 35 mph earlier today, and Lee’s tropical storm-force winds extend outward for 200 miles. The storm is moving very slowly north through the Gulf of Mexico, at 2 mph. A tropical storm warning has been issued for Pascagoula, Mississippi, west to…
Read MoreTropical Depression Don Makes Landfall in Texas
BOSTON, July 31, 2011– According to catastrophe modeling firm AIR Worldwide, Don, the fourth named storm of the Atlantic hurricane season, made landfall late Friday near Baffin Bay, Texas, as a tropical depression. Dry air and shear tore the storm apart such that its winds—tropical storm-strength as Don approached the Texas coast—weakened to roughly 35 miles per hour as the storm crossed ashore. As of 10 PM CDT Friday night, just after landfall, all tropical storm watches and warnings for Texas were discontinued. On Friday afternoon, before the storm touched…
Read MoreMake sure to check settlement options on life insurance plan
If you live in the state of Texas you may want to review your life insurance policy and read all the terms associated with it. According to a recent survey conducted by the Texas Department of Insurance (TDI) several life insurance companies place beneficiary payments into a Retained Asset Account (RAA) instead of directly paying the beneficiary. In a survey of 160 life insurance companies the TDI found that around 71 of the companies offered RAA’s and over half of them use the accounts as the default policy settlement option.…
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