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On-line Survey: More than Half of Homeowners Not Familiar with What’s Covered in their Policies

Fifty-four percent of all homeowners surveyed by HomeInsurance.com acknowledged that they didn’t know “much at all” about their home insurance policies.    “The reason people need to understand their homeowners insurance is because it’s the only way to know if you have the right amount of insurance and the right type of insurance,” said Carolyn… Continue reading On-line Survey: More than Half of Homeowners Not Familiar with What’s Covered in their Policies

Insurers in Europe Weather Capital Markets, Show Financially Strong Results for First Half of ’08

According to a report released Tuesday by Moody’s Investors Service, despite poor performance in the capital markets, European insurers have shown relatively strong financial results in the first half of 2008. Moody’s said that the sector remains relatively robust overall with no credit rating impact to date for European insurance companies due to their positive… Continue reading Insurers in Europe Weather Capital Markets, Show Financially Strong Results for First Half of ’08

Survey Says: Adults Burdened by High Medical Bills

According to a survey released on Wednesday by the Commonwealth Fund, an increasing number of adults in the United States struggle to pay their medical bills, forced to dip into their savings accounts, home equity and credit cards to meet rising health care costs.    An estimated 72 million adults under age 65 have difficulty… Continue reading Survey Says: Adults Burdened by High Medical Bills

Insurers Take a Pause from Writing Property Insurance in Wake of Tropical Storm Fay

Property insurers have taken a break from writing policies in Florida’s Broward and Palm Beach counties in the wake of tropical storm Fay, putting a temporary stay on home sales.    The state’s largest property insurer, Citizens Property Insurance Corp., stopped accepting new policies or allowing changes to existing ones on Sunday evening when news… Continue reading Insurers Take a Pause from Writing Property Insurance in Wake of Tropical Storm Fay

Fannie and Freddie Could Avoid Fed Bailout if Billions in Bonds are Repaid

Due by quarter’s end, Fannie Mae and Freddie Mac’s success in repaying $223 billion of bonds may determine whether they can avoid a federal bailout. According to figures provided by the government-chartered companies, Fannie has about $120 billion of debt maturing through Sept. 30, while Freddie has $103 billion. Rising borrowing costs and evidence that… Continue reading Fannie and Freddie Could Avoid Fed Bailout if Billions in Bonds are Repaid

Long-term Care Costs on the Climb, Finds Pru Study

According to the U.S. Census Bureau, by 2030 the number of Americans aged 65 and older will more than double to 71 million, comprising approximately 20 percent of the U.S. population. With an aging population boom, Prudential Financial, Inc. has issued a report entitled “Long-Term Care Cost of Care,” a resource for consumers seeking information… Continue reading Long-term Care Costs on the Climb, Finds Pru Study

Automaker Equipped with Discriminatory Insurance Practices

Doctors and health care professionals at an Alabama fertility company have discovered that Honda Manufacturing of Alabama refuses to offer Assisted Reproductive Technology (ART) coverage for same sex couples. Karen Hammond, MSN, CRNP, of Alabama Fertility Specialists says of Honda, “Since their Blue Cross Blue Shield of Alabama policy offers ART benefits, it is extremely… Continue reading Automaker Equipped with Discriminatory Insurance Practices

Drug Benefit Manager Teams with FDA in Joint Study on Role of Genetics in Medicine

One of the nation’s largest managers of prescription drug benefits, Medco Health Solutions Inc., announced it will collaborate with the Food and Drug Administration (FDA) in a two-year program to research the role that genetics plays in the safety and effectiveness of drugs. This marks Medco’s latest step in developing “personalized medicine,” in which treatment… Continue reading Drug Benefit Manager Teams with FDA in Joint Study on Role of Genetics in Medicine