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Preview: Best Syndication - Insurance

Best Syndication - Insurance


Bugaboo Stroller recall announced for Carry Handle Replacement

Wed, 16 Jan 2013 03:50:21 +0000


(Best Syndication News) - Bugaboo Cameleon and Bugaboo Donkey Model Strollers are being recalled because the carrying handle could fail. The U.S. Consumer Product Safety Commission and Health Canada have announced the voluntary recall of around 46,300 strollers in the U.S. and 4,440 in Canada.

The importer, Bugaboo Americas, announced the recall after receiving 58 reports that the carrying handle detaching unexpectedly. No injuries were reported to the company.

A button in the handle could break loose posing a choking hazard and the handle could detach unexpectedly causing the child to fall. Replacing the carrying handle is expected to prevent potential choking hazards and fall dangers. Bugaboo International B.V., located in Amsterdam, The Netherlands, is the manufacturer of the Bugaboo strollers.

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Trends in California Health Insurance Coverage

Thu, 15 Nov 2012 05:13:46 +0000


(Best Syndication News) - A new report from the California HealthCare Foundation found that one out of every 10 children was uninsured; over 1.1 million children in California were uninsured in 2011. The proportion of uninsured children is higher that the nation’s rate. The report came from the Keck School of Medicine of the University of Southern California (USC) and Diringer and Associates.

The report also found that more children had public health insurance with fewer of them getting coverage from their parents’ employer. The California children's health insurance program, Healthy Families, has run into problems over the last three years because of budget cuts funding issues. There was a decline in enrollment for Healthy Families.

Nevada has the highest proportion of children that are uninsured, while Massachusetts has the lowest proportion. In California, the rate of uninsured children is more than the national average and more than in most states.

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WellPoint to buy Amerigroup for $4.9 Billion

Tue, 10 Jul 2012 04:41:22 +0000


(Best Syndication News) - WellPoint Inc. (NYSE: WLP) announced that they have reached an agreement with Amerigroup Corporation (NYSE:AGP) to acquire them. The definitive agreement includes terms for WellPoint to pay $92.00 per share in cash to buy all outstanding shares of Amerigroup. The transaction is valued at approximately $4.9 billion.

Amerigroup is a leading managed care company that serves the government sector health care market such as Medicaid and Medicare.

Angela F. Braly, Chair, President and Chief Executive Officer of WellPoint, said that buying Amerigroup would help WellPoint be in a better position to grow and prepare for the health insurance industry changes. This would help them to prepare for the upcoming Health Care Reform Act’s health insurance exchanges.

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Health Savings Accounts increase 34 percent Last Year

Wed, 15 Feb 2012 03:52:14 +0000


(Best Syndication News) - More people are opening Health Savings Accounts (HSAs) according to Bank of America. The increase was 34 percent more HSAs in 2011 compared to the previous year. Bank of America said that they added over 50,000 Health Savings Accounts in 2011.

Bank of America said that they have over 600,000 individual and over 2,000 corporations that have set up either a HSAs, a health reimbursement arrangement (HRAs), or flexible spending accounts (FSAs). Out of these health benefit options, the HSAs are increasing at the fastest rate. Almost 200,000 HSAs have been opened with balances of over $300 million.

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Social Security Payments to increase 3.6 Percent in 2012

Wed, 19 Oct 2011 17:50:27 +0000


(Best Syndication News) - Social Security and Supplemental Security Income recipients will receive a 3.6 percent increase starting on December 30, 2011. The increase is to adjust for the cost-of-living. The last time the government increased for this was in 2009. The last two years there was no cost-of-living increase.

Additionally, wage earners will also be expected to pay more for the Social Security Tax. The taxable maximum was increased to $110,100, which previously was $106,800. The Social Security Administration estimates that around 10 million workers will pay higher taxes because of the increase in the maximum for the 2012 tax year.

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Qualcomm Announced Earnings of 73 Cents

Wed, 20 Jul 2011 20:27:34 +0000


(Best Syndication News) Qualcomm announced earnings in-line with what analysts expected Wednesday.

QUALCOMM, Inc. (NASDAQ:QCOM) said their Q3 EPS was $0.73. Analysts had expected 71 cents with a high of $0.76 and low of $0.68. Their GAAP EPS was $0.61 and Non-GAAP EPS was $0.73.

Their revenue was $3.62 billion. Analysts had expected that number to be between $3.42 billion and $3.76 billion. The company hit the upper end of the range with an average of $3.59 billion.

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California Home Insurance Premiums average $826

Wed, 18 May 2011 01:45:01 +0000


(Best Syndication News) - According to an a report by, the California homeowner paid on average $826 in annual home insurance premiums in the month of February 2011, which was an increase of 2.2 percent from the previous month. In January 2011, the average annual home insurance premium in California was $808.00.

The home insurance premiums have been on an upward climb over the last year of 2010. In October of 2010, the annual average was $749 for home insurance premium rates in California. The national average for home insurance premiums for the month of February 2011 was $710.

What causes the home insurance premiums to cost what they do? There are several factors the insurance company will use when quoting premium rates. According to the Insurance Information Institute, there are seven common factors insurance companies use when determining premium prices.

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California officials say Anthem Blue Cross rate increase excessive

Sat, 30 Apr 2011 19:16:21 +0000

(Best Syndication News) - The Anthem Blue Cross health insurance company have scheduled a May 1st rate increase for 120,000 of its members which prompted the California Department of Managed Health Care (DMHC) to publicly call it “unreasonable.” The DMHC is not able to put a halt to the increase premiums. Those that have an Individual PPO plan with Anthem Blue Cross that is under the DMHC jurisdiction are involved with the premium rate increase.

The DMHC wrote to Anthem Blue Cross on April 7th, asking why the company is going to increase the premiums on May 1st when similar plans that are under the California Department of Insurance had a decrease. When the officials at DMHC compared the rate increase for their plans they oversee to the ones under the California Department of Insurance they noticed the rates were 3 to 4 percent higher.

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Forex Trading and Currency Exchange Rates – Gold and Oil fall While Stocks Bonds Advance

Wed, 09 Mar 2011 11:16:03 +0000


(Best Syndication News) The U.S. dollar gained while the yen and Aussie fell today (see forex charts below). Most commodities were lower today with the exception of some livestock futures.

World FX

The dollar gained against nearly all major currencies today with the exception of the Canadian (see one-day average chart below). The dollar gained 0.50 percent against the euro, 0.62 percent against the Japanese yen, 0.19 percent against the pound and 0.83 percent against the Swiss franc.

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Target Settles Lawsuit with San Bernardino County

Tue, 08 Mar 2011 11:23:01 +0000

(Best Syndication News) San Bernardino and 20 counties and cities settled a lawsuit against Target Corporation (Public, NYSE:TGT).

The San Bernardino County District Attorney’s Office tells Best Syndication that the county has settled a $22.5 million civil suit with the corporation. The share price was down 35 cents (-0.68%) to $51.30.

The DA alleged that Target “consistently and repeatedly violated California environmental protection laws in its mishandling of dangerous and harmful products”.

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Auto Insurance Rates Decreasing

Sat, 26 Feb 2011 04:14:14 +0000


(Best Syndication News) Auto insurance rates have decreased this year and women continue to pay less. Nationally, rates have declined 5.6% reaching $675.

Californian’s pay more for insurance, according to a study by Insweb. The website reports that the median rate in the Golden State was $809. Since the median income is $46,892, Californians pay 3.4% of their income in auto insurance.

On average women pay only $772 per year for insurance while men pay $836. Residents younger than the age of 19 pay a whopping $2,141. The rates continue to decrease until age 60, and then they go up again. People between the age of 50 and 59 pay an average of $654 while people between the age of 60 and 74 pay $667.

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United States Healthcare Most Expensive and Lowest Ranking

Wed, 23 Jun 2010 18:02:51 +0000


see chart below

(Best Syndication News) - According to a report issued by a Commonwealth Fund, the United States is last place when compared to six other industrialized countries for healthcare, we also have the most expensive healthcare costs. The report compared the US against Australia, Canada, Germany, the Netherlands, New Zealand, and the United Kingdom on five criteria: quality, efficiency, access to care, equity and the ability to lead long, healthy, productive lives.

The Commonwealth Fund said that health care could improve for all of the countries in the report, but they point out the the United States is not getting a good value for the amount of money that is spent for health care. The United States spends o$7,290 per capita on health care costs in 2007 compared to $3,837 per capti in healthcare costs in the Netherlands, which was ranked as the best in this report.

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Prop 17 California Auto Insurance Rates Higher or Lower

Wed, 05 May 2010 21:22:46 +0000


Best Syndication News

[Best Syndication News] The debate has been heating up between those for and against the Proposition 17 auto Insurance reform on the June 8th Ballot. Largely supported by Mercury General Corp. the measure wants to extend deep discounts to new customers that have had the same insurance for the past five years. The opponents to Proposition 17 see this as a way for auto insurance companies to tack on huge surcharges if it goes through.

According to the Consumer Watchdog group they have received a letter that Mercury Insurance Company asking for policyholders to vote in favor of proposition 17. In addition, Mercury has begun advertising on TV for the passage of Prop 17. The Consumer Watchdog points out that Proposition 17 would make it possible for insurance companies to raise the rates. They continue to say that there was a lawsuit that was filed against both the Attorney General and consumer advocates by Mercury because they wanted to prevent information regarding rate increases from being printed in the voter's guide. Mercury had lost the court battle and the voter's guide will read “will allow insurance companies to increase cost of insurance to drivers who do not have a history of continuous insurance coverage.”

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New Life Insurance Plan Offered By ING

Tue, 23 Mar 2010 07:50:10 +0000


ING global locations

(Best Syndication News) Not only is ING Life Insurance lowering their rates, they are also offering a new 25-year term life insurance policy to their lineup. Originally formed in the Netherlands, ING has clients in 40 countries and a workforce of over 100,000 people.

The company already offers life insurance in the United States with of 10, 15, 20, and 30 year terms. On Monday they began offering a 25-year level term option.

Life insurance provides a basic and economical way to protect your family and business in the event of your death. “"ING remains committed to being a leader in this market,” said ING U.S. Insurance CEO Butch Britton.

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Health Care Vote Results Passes and President Obama plans to sign into Law this Tuesday

Mon, 22 Mar 2010 18:27:03 +0000


BSN Stock Photo

[Best Syndication News] The long debated health care reform has been approved by the legislative branches over the weekend. The final signing into law will be completed on Tuesday by President Obama. This legislation has many of the features not going into effect until 2014.

The legislation will force individuals and businesses larger than 50 employees, to purchase health insurance or be faced with a penalty. If you are low-income you won't have to pay. If you have an employer that already provides health insurance and you make less than $200,000 per year you won't see any big changes in your current situation.

The health care bill is estimated to cost $938 billion and will be paid for by tax increases on wealthy along with cuts in Medicare. There will be 32 million Americans the will be able to get health insurance coverage that would have be denied insurance because of pre-existing conditions.

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Tea Party Protests Heath Care Reform Bill as President Obama plans to Make a Statement Sunday Night anticipating Passage

Sun, 21 Mar 2010 23:28:31 +0000


BSN Stock Photo

[Best Syndication News] It appears that the Health Care Reform bill will very likely be approved today. President Obama is planning to make a formal statement to the nation this Sunday night regarding the historic health care reform.

Obama was reported to made agreements that he would ban the abortion funding from the government which has added democratic party votes in favor of the legislation.

According to CBS News 'Face the Nation' interviewed Senate Minority Leader Mitch McConnell (R-Ky.) who is against the health reform, and thinks that it needs to be rewritten.

"We owe it to the American people to do the very best we can to keep this bill from passing so that we can start over and get it right," said McConnell.

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Kucinich Flip Flops On The Health Care Vote

Wed, 17 Mar 2010 23:36:47 +0000


Kucinich Today - See Video Below

(Best Syndication News) Dennis Kucinich, a longtime supporter of a single-payer health care system, has caved-in to the current health care bill supporters.

Earlier this week President Obama traveled to Ohio to make his pitch, and it worked. “After careful discussions with the President Obama, Speaker Pelosi, Elizabeth my wife and close friends, I have decided to cast a vote in favor of the legislation,” Kucinich said in an announcement today.

Previously Kucinich said he would not support any bill that did not include a public option.

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Health Care Bill

Mon, 15 Mar 2010 23:14:25 +0000


President Obama in Ohio

(Best Syndication News) We can expect a vote on the health care bill later this week, President Barack Obama said Monday. At a rally in Ohio the President said every argument has been made and it is time to act.

“They’re waiting for us to act,” the President said. “They’re waiting for us to lead. They don’t want us to put our finger up to the wind.” The House is expected to vote on a reconciled bill later this week.

Although some consumer protection rules will take place immediately, the bulk of the coverage for 25 million people will take place in four years. Most of those people will get tax credits to assist them in purchasing coverage.

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Traffic Car Accident Deaths at a Record Low for 2009

Thu, 11 Mar 2010 22:18:48 +0000


[Best Syndication News] The US Department of Transportation announced that there was a record low of overall traffic fatalities for 2009, so low that it hasn't been this low since 1954. This was the 15th quarter in a row that has seen a decline in traffic deaths which is showing as a consistent trend.

The number of highway deaths for 2009 were 33,963 which was a reduction by 8.9 percent from the previous year with 37,261 deaths reported. The fatality rate is also the lowest of record with 1.16 fatalities per 100 million Vehicle Miles Traveled which in 2008 this number was 1.25 per 100 million.

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Health Care Bill May Move Forward Bypassing Republican Filibuster Through Reconciliation Process

Fri, 05 Mar 2010 22:44:19 +0000


Byrd and Pelosi

(Best Syndication News) Republicans are angry because Democrats may use the reconciliation process to bypass a possible filibuster in the Senate. A budget reconciliation may allow the measure to pass with a simple majority, even without any Republican votes.

First introduced in 1974, reconciliation is a process intended to allow consideration of a contentious budget bill without the threat of filibuster. It limits debate in the Senate preventing a Senator or group of Senators from halting the process through an extended debate on the proposal. A filibuster could go on for days.

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