US fails to offer universal coverage !

The most recent studies across the US depicts a high proportion of the masses to have remained uninsured till date. The figures amount to some 42.6 million in the recent times. This has been the consequence of certain critical conditions which could have been eradicated cheaply through the initial stages. But they have turned into a grave concern for the masses of late by generating an acute health crises and demanding expensive healthcare services or ICU care.
Apart from South Africa, the US still remains the only representative of the developed nations, that fails to offer universal coverage to all the citizens. To add to this menace, medical inflation has come up as a big jolt. And as insurance rates rise, more and more employers will eventually be forced to either drop their insurance benefits altogether, or to raise premiums and deductibles.

State wise Car Insurance Info.

Keep watching.... some interesting blog syndication tools are supposed to come.

Wrap-up Insurance

The customary approach for insuring against risks associated with work under third-party contracts is to require contractors to purchase and maintain insurance coverages that the grantee specifies within the terms and conditions of the third-party contracts.

Learn more about this insurance.

China Insurance News

The introduction of foreign-funded insurance companies has not had any impact on the business and market order of the Chinese-funded insurance industry. This was spoken by Wu Dingfu, Chairman of China Insurance Regulatory Commission (CIRC), in the insurance work forum held recently in Beijing.

Read More...
http://english.people.com.cn/200606/30/eng20060630_278811.html

Crop Insurance

Buying a crop insurance policy is one risk management option. Producers should always carefully consider how a policy will work in conjunction with their other risk management strategies to insure the best possible outcome each crop year. Crop insurance agents and other agri-business specialists in the private and public sectors can assist farmers in developing a good management plan.

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http://www.rma.usda.gov/policies/

State wise changes in Workers Compensation Insurance Laws

Workers' compensation usually covers the Injuries or loss of limbs, Injury inflicted at work, Medical treatment, Lost wages, Liability insurance for the company for lawsuits filed by injured employees.

To see the changes in the laws of the Workers compensation, follow the link below...
State Laws

Long Term Care Statistics

Have a look on the following data for the Long-term care costs. You would certainly think to get an insurance policy on long-term care.

• The average person's chances of being admitted to a nursing home at some point of 65 years of age more than 4 in 10.
• One person in three who turned 65 in 1990 will stay a year in a nursing home. One person in 10 will stay five years or more. (NAIC)
• Recent studies report that two out of every five people aged 65 and over will enter a nursing home and stay an average of 2.5 years. (Life Insurance Selling, December 1995)
• In 1994, 7.3 million Americans needed long-term care (LTC) services at an average cost of nearly $43,800 per year. By 2000, this number rose to 9 million Americans at nearly $55,750 per year. Because of inflation, by 2060 it will skyrocket to 24 million Americans paying more than $250,000 per year to receive long-term care.
• On an average the nursing home care costs is about $40,000 per year.
• More than 90% of nursing home residents become insolvent within a year after admission as private-pay people.