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FEMA Chief Disappoints Senators, Says He Can’t Delay Flood Insurance Rates

Pressure continues to build in Congress to delay implementation of flood insurance reforms that are raising premiums for thousands of property owners across the country. But the man in charge of administering the program says he does not have the …

Report: Traffic Accidents, Fatal Fires Down in New York City

New York City’s annual report card says the number of residents killed in traffic accidents plunged considerably over the last year. Mayor Michael Bloomberg’s management report said on Sept. 20 that in the fiscal year ending in June, 261 people …

Florida’s Citizens Has New Plan to Shift 200,000 Policies to 8 Private Insurers

Florida’s largest insurer could be shifting thousands more of its policyholders away from the state-created company and into private insurance companies. The head of Citizens Property Insurance Corp. announced Friday that as many as 200,000 customers from across the state …

Local Firms in Pennsylvania Take ‘Wait and See’ Approach to Health Care Law

The mandate that large employers provide health care coverage to their employees has been put off until 2015, but some businesses have already started changing health care benefits. Still, many local employers in Bucks County, Penn., say they have little …

N.J. Gov. Christie Defends Sandy Aid for Burned Boardwalk Businesses

New Jersey Gov. Chris Christie on Sept. 18 defended his decision to use federal Superstorm Sandy recovery money to help rebuild businesses burned by a devastating boardwalk fire.Christie said boardwalk-area businesses in Seaside Park and Seaside Heights are entitled to …

EQECAT: Colorado Floods $2B in Economic Losses and Climbing

The floods in Colorado caused an estimated $2 billion in economic losses, according to a report from catastrophe modeling firm EQECAT. The flooding has been blamed for multiple fatalities, it’s estimated 1,500 homes have been destroyed, and some 20,000 homes …

Connecticut’s Health Care Exchange Identifying Thousands of Potential Customers

The chief marketing officer for Connecticut’s health care exchange says thousands of people are being identified as potential customers for the new insurance marketplace. Jason Madrak said Thursday that the exchange, known as Access Health CT, generated 6,657 leads as …

PCS Shows How Cat Loss Estimates are Made, and Why They’re Important

The Property Claims Services (PCS) unit of Verisk Insurance Solutions could be described as the ultimate end product of risk modeling. AIR Worldwide is also part of Verisk, but “there’s a high wall between the two,” said Joe Louwagie, CPCU, …

Connecticut Lawmaker Calls for More Privacy for Victims

The horrifying video remains online for anyone to see: surveillance camera footage of 78-year-old Angel Arces Torres getting struck by a car, thrown into the air and landing critically injured on a street in Hartford in 2008. He would die …

New Jersey Cardiologist Accused of Fraudulent Billing

A New Jersey cardiologist stands accused of stealing more than $52,000 by billing insurance companies for services that allegedly were performed while he was out of the country. Ahmad Mossavi, also known as Seyed Mossavizadeh, faces 48 counts of health …

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