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News stories tagged with "insurance"

NY out-of-network insurance coverage mandated

ALBANY, N.Y. (AP) New York has decided that starting next year, patients will be protected against surprise out-of-network medical bills that have pushed some toward personal bankruptcy.

The measure, signed into law this week, is scheduled to take effect next April 1.  Go to full article
Citibank. Photo: <a href="http://www.flickr.com/photos/62697772@N02/8161946681/">bruceg1001</a>, Creative Commons, some rights reserved
Citibank. Photo: bruceg1001, Creative Commons, some rights reserved

Citibank to pay $110 million to settle flood suit

SYRACUSE, N.Y. (AP) Citibank has agreed to pay $110 million to settle a class-action lawsuit filed by a Syracuse man who says he was forced into a 400-percent increase in his flood insurance premium.

Gordon Casey of Syracuse sued the mortgage lender two years ago over the cost of homeowner's insurance for his home. His premium had skyrocketed over a decade from $325 a year to $1,478 a year.  Go to full article

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Most NY leaders hail health care ruling

New York's politicians and major health care providers are applauding the Supreme Court's decision to uphold President Obama's health care law. Meanwhile, an Albany Law School expert says Chief Justice John Roberts may have been concerned about his legacy, and that was a factor in his decision. Karen DeWitt has more.  Go to full article
The NY Farm Bureau expects more insurance assistance in the Farm Bill.
The NY Farm Bureau expects more insurance assistance in the Farm Bill.

2012 Farm Bill expected to help insure more NY farms

The 2012 Farm Bill passed through the Senate Agriculture Committee last week, much more quickly than insiders had expected. The bill cuts agriculture spending by $23 billion, by getting rid of program that pays some farmers simply for growing commodities, things like corn, wheat, and soy. Instead of sending farmers a direct payment, it will spend more money subsidizing their crop insurance. Some New York farm leaders say the shift will be good for New York farmers. But critics say the crop insurance is just another handout to big corporate farms.
Julie Grant reports.  Go to full article
Thereís 2.9 million reasons why it should be in the budget. Thatís the number of New Yorkers who lack health insurance.

Skelos: GOP majority reluctant to approve health care exchanges

As part of the federal health care act backed by President Obama, approved by Congress and before the U.S. Supreme Court next week, states are required to set up health insurance "exchanges." This creates the health care plans that will be available to the uninsured, who will be required to purchase them when the act is fully implemented.

Governor Andrew Cuomo wants to set up New York's exchange as part of the state budget agreement. But Senate Majority Leader Dean Skelos says there's too much uncertainty to create now. Karen DeWitt reports from Albany.  Go to full article
Benjamin Lawsky, NYS Superintendent of Financial Services
Benjamin Lawsky, NYS Superintendent of Financial Services

Cuomo administration cracks down on out-of-network healthcare bills

The Cuomo Administration is cracking down on insurance companies and health care providers who stick patients with unexpected out of network service bills. In Albany, Karen DeWitt reports.  Go to full article
We will motivate the insurance companies with every tool we have to make sure they pay the claims they owe...

State officials in Keene offer assistance, say they'll keep tabs on insurance companies

State officials are urging homeowners and businesses to get the ball rolling on filing insurance claims following Tropical Storm Irene.

Benjamin Lawsky is superintendent of New York's Banking Department, which will become the state Department of Financial Services following an October merger with the state's Insurance Department. He was in Essex County Wednesday to meet with elected officials and survey damage left behind by Irene's wake.

State Senator Betty Little was also there to update town officials on steps she's taking to alleviate the financial burden that's been heaped upon flood victims.  Go to full article

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