Insurance Blog

How Health Reform May Help…or Hurt

by CNN Money

Fixing health care has giant consequences. Here are the potential economic rewards for getting it right and the perils of getting it wrong.

Americans are being told daily that health reform isn’t just the right thing to do — it will also help save the economy. “Health care reform is not part of the problem when it comes to our fiscal future, it is a fundamental part of the solution,” President Obama said in a recent address.

The crux of the problem: The United States spends far more on health care than do other developed countries, but it often gets far less bang for its buck. Meanwhile, a large number of Americans either can’t afford insurance or have insurance that doesn’t adequately cover their medical costs.


College Students, Families Urged to Understand Insurance Options as Number of Renters Surge

HARTFORD, Conn.–(BUSINESS WIRE)– Increased spending on items taken to college and a national rise in the number of renters has prompted insurance experts to relay the importance of understanding renters insurance.

The National Retail Federation said college students and their families will spend an average of $618.12 on back to school merchandise this year, a 3 percent increase from last year. If those students are taking their personal items to an off campus apartment, it’s best to check with an insurance agent to consider the need for renters insurance.


Florida Hurricane Insurance System in Better Shape Should Luck Run Out

Florida property insurers are warning residents that a major hurricane is likely this season given the state’s history of storms. At the same time, the industry says the state-backed catastrophe reinsurance fund, the Florida Hurricane Catastrophe Fund, and the state’s property insurer, Citizens Insurance, are in better shape now than they were a year ago but financial shortfalls still exist.