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NAIC Health Panel OKs LTCI Model Revision

19.05.12

Members of the Health Insurance and Managed Care Committee -- a top-level committee at the National Association of Insurance Commissioners (NAIC) -- are trying to do something about the recent wave of increases in long-term care insurance (LTCI) prices.

The committee agreed at the NAIC's spring meeting in New Orleans to have the Senior Issues Task Force revise the Long-Term Care Insurance Model Act in light of concerns about pricing, rate stability and consumer disclosures, according to meeting documents posted by the committee.


Source: LifeHealthPro

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2nd Annual Burial Society Indaba gives hope, structure to industry
ITInews - May 19, 2012 2nd Annual Burial Society Indaba gives hope, structure to industry "Four point one million adults in South Africa belong to a burial society; with such a high number, the influence and role they play is phenomenal, but in order to capitalise on it properly, the societies, which are largely informal insurance bodies,

Benson, Edward L.
Madison.com - May 19, 2012 Edward worked at American Family Insurance in Madison. Funeral services will be held at 1 pm Wednesday, Nov. 16, 2011, at NOTRE DAME CHURCH in Chippewa Falls. Burial will be in St. Patrick's Cemetery, Eau Claire. Friends may call from 4 pm to 7 pm

State takes action against Wichita funeral home
KWCH - May 19, 2012 Patty Newkirk buried her mother, Beverly, in March 2009. The arrangements had been made in advance through Watson Funeral Home and payment was being handled through insurance. But the day of the funeral, Patty was asked to pay an additional $1185.

Preplanning funeral has several pluses
Times Herald-Record - May 19, 2012 The Pre-Need Funeral Consumer Protection Act of 2001, which banned the sale of insurance for prepaid funerals, will expire June 1, 2012. The NYSFDA is lobbying for it to be made permanent, McCullough said. The association is also fighting legislation

Mortuary sues over Spring residents, insurance company over unpaid burial
Ultimate Spring - May 19, 2012 A mortuary is suing after, it says, Spring residents and Aetna Life Insurance Co. failed to pay for a “modest Christian burial,” as promised. McDuffie's Mortuary filed a lawsuit on Nov.