Rutland, VT Mayor Gets Behind Single-Payer Health Plan
March 4, 2011 by Thomas Brownlee · Leave a Comment
MONTPELIER — Rutland City Mayor Christopher Louras on Wednesday urged lawmakers to pursue with force the single-payer health-care proposal now under consideration in the Statehouse.
At the risk of offending his former Republican colleagues and the Rutland business community at large, Louras said, he believes the state’s health-care system must be “blown up” and remade from scratch.
Enacting a publicly financed system that delivers universal care and decouples medical coverage from employment is the only way to save municipalities like Rutland City from collapsing under the weight of rising health-care costs, Louras told the House Committee on Health Care.
“I have not made friends among former colleagues with ‘Rs’ next to their names,” said Louras, a former Republican representative from Rutland who served on the same health care committee to which he testified Wednesday morning. “And I think it
TATA AIG Overseas Travel Insurance – Buy Online
March 1, 2011 by Thomas Brownlee · Leave a Comment
Eindiainsurance offers a user friendly online purchase process for TATA AIG overseas travel insurance policy. Travellers can spare only few minutes to complete the purchase process and get covered under TATA AIG travel insurance policy. There are simple steps for the travellers at Eindiainsurance to complete the online application and enrol to the plan of their choice. Buying TATA AIG travel insurance online is quick and convenient online. Last minute travel planners can add tata travel insurance policy by making a purchase online.
How to buy TATA AIG travel insurance online? Travellers should get quote according to their requirement.
Disheartening response to adultBasic fiasco
February 27, 2011 by Thomas Brownlee · Leave a Comment
A DelCo Daily Times editorial –
Today is D Day for close to 42,000 working Pennsylvanians in terms of their health insurance. Today adultBasic, a state program designed to provide health insurance for residents ages 19 through 64 who meet income-eligibility requirements, has officially run out of money.
More than 1,700 Delaware County residents who rely on adultBasic, are without health care coverage and more than 17,400 Delaware County residents who were on the waiting list for the low-cost health insurance have now also been set adrift.
AdultBasic’s death knell has been sounding almost from the time of its inception.
The health insurance program for the working poor was the result of Pennsylvania’s Health Investment Insurance Act 77, signed into law in June 2001. Cover
FM Global reports 2010 results
February 27, 2011 by Timothy Wilkes · Leave a Comment
Global business property insurer FM Global has reported its 2010 financial results, which saw the policyholder surplus rise 16% to a record US$7.3bn.
The record result is attributed to a combination of robust underwriting and a solid investment performance.
Gross premium in force was up marginally (by 2%) to US$4.8bn, and the firm made an annual net profit of US$687m.
However, this was substantially down from 2009’s net income of US$840m.
FM Global posted a profitable combined ratio of 82.8%, exceeding its expectations, and maintained its client retention rate at an above average 94%.
The year also saw the firm celebrate its 175th anniversary, with events hosted worldwide in 25 cities.
Chairman and Chief Executive Officer Shivan S. S
The Withdrawal of Supplemental Annuity Plans
February 26, 2011 by Gemma Torreggiani · Leave a Comment
A supplemental annuity plan is a tax-deferred annuity bought through financial advisers licensed for state life insurance sales. The deferred annuity doesn’t reduce annual income based on contributions; there is no contribution limit. Earnings grow without tax consequence until taken out. The withdrawal of an annuity is also referred to as a distribution or surrender.
IRS Regulations