Archive for November, 2009

When choosing business insurance, doing preliminary research into insurance companies is a good idea.

One resource we have looked at before are state boards of insurance. The National Association of Insurance Commissioners (NAIC) website is also an excellent resource. The Consumer Information Source on the site has links regarding AIG and any replacement insurers. It has a search feature allowing a search of filed complaints against insurers. There are a number of useful resources that allow you to compare insurers.

NAIC Consumer Information Source is a Good Resource originally appeared on About.com Business Insurance on Monday, November 16th, 2009 at 15:08:48.

Unscrupulous merchants and contractors in Florida seeking to take advantage of Hurricane/Tropical Storm victims beware! The State’s Attorney General set up a “price gouging hotline” at 1-866-9-NO-SCAM (1-866-966-7226). Florida resident are encouraged to report any storm related price gouging.

The Attorney General offered the following advice to residents to avoid scams (and these tips are good anywhere):

  • Require home repair contractors to obtain all necessary government licenses and permits.
  • Make sure contractors have proper occupational licenses as required by state law.
  • Work only with reputable, established businesses. Take caution with “contractors” who knock on doors and offer to fix roofs and windows. Try to obtain more than one estimate for the repair work.
  • Before signing a contract, check the payment terms and other provisions carefully.
  • Do not pay cash to home repair contractors or tree removal services.

Price Gouging Hotline is Open in Florida originally appeared on About.com Business Insurance on Thursday, November 12th, 2009 at 11:25:59.

Given the hype surrounding the U.S. House’s passage of the Affordable Health Care for America Act (H.R. 3962 – NOTE: this is a link to the .pdf of the whole Bill and it is large) one would think the Bill is now the law of the land. It is not.

The House’s Bill does not correspond to the version prepared for debate in the U.S. Senate. The Senate may or may not pass their version, it may be subject to a filibuster, and, once passed, will need to be reconciled with the House version. In other words, passage in the House was important, and a first step, but far from being an overhaul of the U.S. health care system.

As I write this, the National Hurricane Center has issued an advisory downgrading Hurricane Ida to a Tropical Storm. Good news for businesses along the Gulf Coast as winds have weakened to 65-70 mph and further weakening is expected.

Still, Governor Jindal has declared a State of Emergency for Louisiana and there is plenty of available information for residents of Louisiana at emergency.louisiana.gov. The Louisiana Department of Insurance has many links to resources and information available on its hurricane site as well.

Today is Election Day in the U.S. and there are a number of great battles going on across the country. But, you cannot be involved unless you vote – so, get out there!

My favorite election watch today (besides Casinos for Ohio) is the New York 23rd Congressional District. There, third-party Conservative Party candidate, Doug Hoffman, after a conservative Republican revolt, is the main candidate running against the Democrat. The original Republican candidate, Assemblywoman Dede Scozzafava, has come out in support of Democrat Bill Owens and against Hoffman.



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