West Virginia Gov. Earl Ray Tomblin announced that Michael D. Riley will serve as acting state insurance commissioner effective July 1. Current Commissioner Jane L. Cline will retire as of June 30 after 10 years in the post.
Riley first joined the insurance commissioner’s office in October 2001 as an administrative services manager and rose to become assistant commissioner of regulation. D
Job-based health coverage has eroded over the past decade as fewer employers offer health insurance to their workers and fewer workers accept the coverage if offered, a study released Tuesday said. The smallest businesses were the most likely to jettison coverage, the study report said.
The report also revealed that private-sector employees in New Jersey paid an average of 24.8 percent of the cost of their family health coverage in 2009, and 21.4 percent of the premium for single coverage.
That is more than most New Jersey public employees will be required to pay if a compromise championed by Governor Christie and state Senate President Stephen Sweeney, D-Gloucester, is phased in over the next several years.
Private-sector employees in New Jersey paid 2,867 in 2009 toward the cost of their family coverage – more than double the amount employees paid in 2000, the report said.
The employee contribution grew by 102 percent, while the average premium grew by 62 percent, to 11,643, in New Jersey.
For single coverage, employees contributed 1,039, an increase of 111 percent from 2000. Read more…
Disability Insurance Canada. Losing your mobility as a result of an unforeseen incident connected to function or activity that is the classic explanation of the phrase disability for many folks. Nonetheless, just look at the statistical figures and you will see that accidents are accountable for only about a 50 % the amount of handicapped men and women than considerable sicknesses these as cancer, diabetes or heart health conditions.
You and getting to be handicapped?
If you are more youthful than 65, your possibility of turning out to be long-term handicapped due to an incident or sickness are double than the likelihood that you will die owing to these causes.
NHE web data (pdf), Table 13. I deflated both sides by the consumer price index. Note that the table does both a raw comparison and a comparison of “common benefits”, which takes care of the problem of differential coverage. If you look at the bottom of the table, you’ll see that on both comparisons Medicare payments have grown 1 percentage point more slowly than insurance premiums over the past 40 years.That adds up to a lot. But I gather from the comments that everyone “knows” that it’s the other way around, so I must be inventing the numbers. Oh, one more thing: is Medicare just shifting costs onto the private sector? The answer is no. Upd Read more…
A recent report highlighted teen drivers’ critical errors that are often one of the last in a chain of events leading up to a crash. Seventy-five percent of these crashes were due a critical teen driver error, with three common errors— lack of scanning to detect and respond to hazards, going too fast for road conditions and being distracted by something inside or outside the vehicle—accounting for nearly half of all serious crashes.
Like what you see? Click here to sign up for Insurance Networking News weekly newsletter to get the latest on breaking industry news, carrier technology implementations and developing business and technology trends.
However, a new study by Liberty Mutual Insurance and Students Against Destructive Decisions (SADD) indicates teens won’t admit to being at fault. The stu
| Search |
 |