Here is a perfect example of how government should be serving the people.  It has taken six years, but Birmingham fire Chief E.J. Lindbolm has met a significant goal of reducing the department’s insurance rating!
For the past three to four years, members of the department have worked on getting everything in order to have the [...]

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A legislative initiative submitted by a group called “Fair Affordable Insurance Rates” was approved on Monday by the Michigan Board of State Canvassers. This means it’s up to the supporters now to collect at least 304K valid voter signatures. I guess this means they will not be utilizing ACORN to gather the signatures necessary in [...]

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Pelosi’s Crew Scrambles for Votes

November 6, 2009

As you know, Nancy Pelosi has scheduled a vote on her 2,000 page healthcare bill for tomorrow. There are conflicting reports on whether or not she has the numbers to get the bill passed. But if she’s scheduled a vote then you can be sure that she thinks she has the numbers or that she [...]

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Bershire Hathaway Net Income Triples

November 6, 2009

NEW YORK (Reuters)—Warren Buffett’s Berkshire Hathaway Inc. on Friday said third-quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
Results were announced three days after Mr. Buffett revealed the biggest acquisition in his 44 years running Berkshire, a $26 billion takeover of Burlington [...]

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Health Care Scams Become a Greater Concern

November 6, 2009

There are several things the consumer needs to be aware of when purchasing any type of health care or health insurance policy.  I have listed several of the typical “scams” consumers run into on a regular basis:
Dreaded Disease Policies – Cancer, Critical Illness or Heart Attack and Stroke
The Promise: Insurance provider claims to offer coverage [...]

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New York State Auto Insurance Rates Decline 20.3 Percent in 2009

November 6, 2009

According to InsuranceRates.com, the median six-month car insurance rate in the state of New York has decreased to $970.25. This is a reduction of more than 20%!
Demographic Group Median Six-Month Rate

Men Only $1018.25
Women Only $ 912.00
Age Group: Less than or equal to 19 $1484.13
Age Group: 20 to 24 $1336.00
Age Group: 25 to 29 $1129.75
Age Group: [...]

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Basic home policies don’t cover flooding

September 22, 2009

As the waters rise in Georgia, so does the number of homeowners with water damage and no insurance protection.
The relentless rain has overwhelmed sewers, forced evacuations, closed school systems and swamped cars. It also forces many homeowners to wonder whether they can recover the value of flood-caused losses. For many, the answer will be no.
“The [...]

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Miami Medicare fraud defendant gets 8 years

September 22, 2009

A fugitive who claimed to be Mexican but was betrayed by his Cuban accent — which led to his arrest in Spain — was sentenced to eight years’ imprisonment Monday in Miami federal court on U.S. Medicare fraud charges.
Alcides Garcia, 44, of Pembroke Pines, asked the judge for “forgiveness” after his lawyer challenged the total [...]

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Health Insurance Horror Stories

September 21, 2009

The This American Life crew, once again proving that they can cover any topic they want better than anyone else in the media,* has a segment in this weekend’s episode on rescission of health insurance policies insurers established practice of looking for ways to invalidate policies once it turns out that the insured actually needs [...]

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A Tax on Cadillac Health Plans May Also Hit the Chevys

September 21, 2009

Although cast as a tax on gold-plated insurance policies for the well-heeled, it has prompted anxiety among the middle class.
The idea, proposed last Wednesday by Senator Max Baucus, is to help raise money for the nation’s health care overhaul by placing a new excise tax on the most expensive health insurance policies, like the ones [...]

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