Will Insurance Agents And Brokers Be Needed Under Health Reform?

August 28th, 2010

Some experts say that insurance agents, brokers and small insurance companies may become victims of the massive health care overhaul set to kick in in 2014. The health care reform bill will impact nearly every corner of the health care industry which makes up one-sixth of the US economy. According to a report by Time Magazine, agents and brokers are concerned they’ll soon be viewed as redundant under the new legislation.

At a recent meeting of the National Association of Insurance Commissioners, 25 commissioners passed a resolutions stating that health care reform should “recognize and protect the indispensable role that licensed insurance professionals play in serving consumers.” At issue is how insurance companies should now calculate their medical and administrative expenses. Most

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Tort Reform, Auto Insurance and Liability

May 20th, 2010

In an age when corporations seem to have more and more power over our lives and yet are less and less accountable for the harm they do, tort reform has become a proverbial “hot-button” issue. One one hand, those who push for tort reform which essentially sets limits on what a court can award to a plaintiff in a civil lawsuit say that such reform will make business more competitive and lower expenses for consumers. On the other hand, consumer advocates say that limiting court awards and penalties for corporate wrongdoing absolves these companies from accountability even more at a time when big business seem to be running roughshod over society.

What are the rational facts, here? And

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