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Today’s News: Gov’t Blocks Health Insurer Mergers, Home Insurance Necessary for Hurricane Season and Life Insurance Assessment Tool Available

President Barack Obama is warning health insurance companies that he won’t hesitate to block any company mergers that will stifle competition, while also warning homeowners to protect their homes against a rapidly-approaching hurricane season. Also, MetLife is offering a new tool to help individuals choose life insurance options more effectively.

Government Blocks Health Insurer Attempts at Mergers

Christine Varney, antitrust chief of the Justice Department, told a lawyers’ conference that the Obama administration plans to vigorously enforce anti-monopoly laws so that the newly-passed health care reform bill will see ultimate success. She note

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Third Party Car Insurance Explained

Identification

1. According to InvestorGuide.com, the first party in an insurance agreement is the person who has a contract with the insurance company while the third party is the other person involved in the accident. If you have first party insurance, it extends to cover damage done to your car. However, third party liability insurance only covers the damage done to the other driver and his car.

Significance

2. Most states require that you have at least some third party coverage before you can own a car, according to InvestorGuide.com. But buying third party insurance is a good idea anyway.

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Washington Workers’ Comp Initiative Qualifies for Ballot

An initiative to eliminate Washington’s workers’ compensation insurance monopoly and allow private insurers to offer coverage for workplace injuries has qualified for the November ballot.

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Secretary of State Sam Reed certified Initiative 1082 after workers checked a random sample of more than 340,000 voter signatures. About 241,000 signatures are required to qualify.

The I-1082 campaign is led by the Building Industry Association of Washington, a trade group active in conservative politics.

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Is Health Insurance Price Really That Expensive?

When it comes to paying your medical bills, you might be surprised at how much a doctor or a clinic charges, even for the most basic service. When you are in the hospital, the price of everything is outrageous, from an aspirin that might cost you a few cents at home but costs you tens of dollars in the hospital, to an overnight stay that would cost more than a two week cruise of the Caribbean!

But, the truth is that health insurance prices are not that expensive, and if you have good health insurance, you may never have to see some of those crazy hospital bills at all.

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California Residents Eligible To Win A 2010 Chevrolet Camaro Or $15,000 Cash

– Orange, CA – Dashers Insurance, a Calfornia based insurance agency has recently launched a new campaign promoting their company by giving away a new V6 2010 Chevrolet Camaro or $15,000 in cash.

To become eligible, participants must complete a quote request on their website http://www.dashers.com during the contest period of June 17, 2010 and August 14, 2010. This sweepstakes contest is open only to eligible California residents who are 18 years of age and older and who hold a valid USA driver’s license.

All eligible participants will be entered into a random draw to win their choice of either a V6 2010 Chevrolet Camaro or $15,000 in cash. Read full post…

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Long-Term Care Insurance Shouldn’t Be Overlooked in Retirement Planning

For people who may not be familiar with long-term care insurance, one place to learn more is the General Services Administration (GSA), a federal agency that provides information to consumers on a wide range of topics.

According to the GSA, long-term care insurance benefits will apply to those who can no longer perform various day-to-day activities, such as bathing, dressing and eating.

With that in mind, long-term care insurance may be as important to one’s retirement security plans as setting aside sufficient cash savings. This is especially the case when considering that Medicare does not cover many of the needs that often present themselves later in life, including nursing homes.

However, long-term care insurance applies to more than just nursing homes.

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