Posts Tagged: Economic Conditions Driving Legislation
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Dec 12, 2011
No CommentsUSPS Proposed Cuts Create Compliance Challenges
The United States Postal Service has battled huge deficits for years, caused by a combination of diminishing revenues and rising operational costs. I honestly cannot tell you the cost of a stamp today and my ever more expensive “forever stamp” offers no clue, but raising stamp prices has not done enough. The USPS recently made...
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Feb 03, 2011
No CommentsAging Workforce Drives Rising Insurance Costs
When the median age of workers climbs in the United States, so do employers’ insurance costs. Aging workers impact rates across a wide spectrum of insurance coverages: life, health, and workers’ compensation premiums all rise as age and salary increase and are used as rating factors . . . policyholder age is a...
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Dec 08, 2009
No CommentsHealth Insurers: Dependent Eligibility Changes Continue
In viewing health insurance coverage and the troubled economy together, some states acted this year to extend the eligibility options for many potential dependents, in many cases raising the upper age limit or removing the “unmarried” requirement for an older child. Several individual “snapshot” examples of state eligibility changes enacted or adopted in 2009, all...
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Oct 08, 2009
No CommentsFraud Update
News media and state reports indicate that there has been a significant rise this year in both suspected and actual fraud cases affecting all lines of insurance. As the economy continues to struggle, there is no clear sign that a downward trend will occur any time soon. Currently more than half the states have fraud...
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Mar 16, 2009
No CommentsEconomic Conditions Driving Legislation
While last week ended on a positive note with Wall Street experiencing its largest weekly gain since November 2008, the economy’s problems are far from over. Individuals affected by pay reductions, layoffs, and underemployment face significant financial issues ranging from possible bankruptcy and home foreclosure as a worst case to several late payments on outstanding...
