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Company News
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UnitedHealthCare Responds to Swine Flu Concerns
As you may have heard, this past weekend, the United States declared a public health emergency in response to the recent reports of swine flu. UnitedHealthCare wanted to immediately offer the following information in response to this situation. Please click "more" for the full story.
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NYS Insurance Dept. AIG Press Release
AIG's insurance companies are financially sound, with substantially more in assets than they need to pay all valid present and projected claims, Insurance Superintendent Eric Dinallo reassured New York policyholders. "Don't worry and don't make any rash decisions if you have a policy issued by an AIG insurance company," Dinallo said. "All your covered claims will be paid and all your annuity checks will come. Making sure insurance companies are solvent and able to pay every valid claim is my number one job, and the AIG insurance companies are strong and solvent.
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Motor Vehicle Fleet Management Bulletin
With the cost of gasoline over $4.00 a gallon and diesel reaching $5.00 a gallon what are you doing to lower your operating costs? Have you evaluated your routes and made changes to how your drivers are dispatched? Eliminating backtracking and reducing left hand turns on your routes are some simple solutions.
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New York Governor Patterson Signs Law Reversing New York's
Edwards Angell reports that Gov. Paterson has signed the "late notice" prejudice law and it is now effective. This is a big change in New York law and we can expect that there will be litigation very soon to help resolve the question of what qualifies as "material" prejudice such that it would allow an insurer to deny coverage for a claim.
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When Is a Flood a Flood?
Exactly what does it take for water damage to be considered a flood in the terminology of the National Flood Insurance Program (NFIP)? The answer might surprise you.
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High-Deductible Health Plans May Have Pitfalls
High-deductible health plans can lead to poorer quality health care and more, not fewer, financial problems for patients, according to a new study. The Republican Party has touted health care savings accounts, or HSAs, since last year as a market-based solution to clamp down on the soaring cost of health care. The plans involve a high-deductible plan, usually $1,000 per person, coupled with a tax-free savings account for health expenses.
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