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Thousands of California children in danger of losing health insurance
Thousands of Californian children are in danger of losing health insurance, indicating the failure of the state's promising strides toward extending medical coverage to all its children, the Los Angeles Times reported on Sunday.
Increased premiums for low-income families are expected to put the program out of reach for many and a new insurance policy in California is also expected to cut enrollees, the paper said.
"The trend is likely to further destabilize California's already shaky healthcare system," the paper noted.
Studies have found that children without health insurance are less likely to go to the doctor for routine visits that allow early diagnoses and treatment for diabetes, obesity and other increasingly common ailments, according to the paper.
Between 2001 and 2005, the number of Californians younger than 19 who were uninsured at any given time decreased 25 percent to about 763,000, according to the for Health Policy Research at the University of California in Los Angeles...
www.healthinsurancenews.net
 
Save yourself some grief: Buy gap coverage
The dramatic plummet of your new car's value as soon as you drive it off the dealer's lot can put surprising and undue strain on your wallet if your car is totaled.
If you're entitled to a payout for a totaled car, your insurance company pays you the actual cash value of the vehicle. And the amount your insurance company calculates as your car's actual cash value can be thousands of dollars away from what you still owe on your car lease or loan, especially within the car's first year of ownership. Since you're responsible for paying the remainder of your lease or loan even when your car is totaled, you might have to come up with hundreds — maybe even thousands — in cash. Unless you have gap insurance. Insure.com
 
Fewer takers for weather insurance this year
While rainfall pattern is proving to be erratic in the coffee-growing areas, the number of growers who took weather insurance has dropped this year. Last year, 12,000 growers had taken insurance against the risks of the weather. Given the fact that some of the growing areas received excess rainfall during monsoon, about 8,000 growers had benefited from taking insurance.
However, this year in view of the growing areas getting rains in June, only some 7,500 growers took insurance. “Not all the 7,500 are among the 8,000 who benefited last year,” said Mr G.V. Krishna Rau, Chairman of Coffee Board. Business Line
 
Birla Sun Life to launch first commodity-focussed fund
 MUMBAI: Birla Sun Life Asset Management Company (BSLAMC) has decided to tap investors with its maiden commodity-centric fund, Birla Sun Life Commodity Equities Fund (BSLCEF), from September 15, a top company official said.
"The investment objective of BSLAMC's open-ended commodity equities fund is to offer investors long-term capital growth by investing in securities of domestic and overseas commodity companies, i.e. companies engaged in or focussing on the specified commodity business and overseas mutual fund schemes that have similar investment objectives," BSLAMC CEO Anil Kumar told reporters here today. The Economic Times
 
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Highlights

AFR Insurance Delegation Salutes Idaho Officials for Assistance in Expansion
 As the American Farmers and Ranchers Insurance Company expands into 24 western states, President and CEO Ray L. Wulf, AFR Executives and Members of the AFR Board of Directors met Idaho Governor Butch Otter and Idaho Department of Insurance Director Bill Deal to express their appreciation during the week of August 18th...
www.YahooFinance.com
 
AIG Asks Fed for $40 Billion in Aid
New York — The New York Times is reporting that American International Group (AIG) is seeking a $40 billion bridge loan from the Federal Reserve, as it faces a potential downgrade from credit ratings agencies that could spell its doom, a person briefed on the matter said Sunday night.
Ratings agencies threatened to downgrade the insurer’s credit rating by Monday morning, allowing counterparties to withdraw capital from their contracts with the company. One person close to the firm said that if such an event occurred, AIG may survive for only 48 hours to 72 hours.
www.InsuranceNetworking.com
 
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