0:08
is Sten Vegas with live insurance
0:09
news.com bringing you the major
0:11
headlines from this weekend insurance
0:13
News federal government takes over
0:15
Health insurance program in California
0:18
california's High risk Health insurance
0:20
program is set to be taken over by the
0:21
federal government in the coming weeks
0:28
conc until the state Health insurance
0:31
exch is operational C For medic and
0:34
medicaid Services will take over the
0:36
management of the program and work to
0:38
ensure that consumers Continue to
0:40
receive coverage until the California
0:42
Health insurance exchange is operational
0:44
next year the insurance Industry could
0:47
Face losses of billion from storm
0:50
disaster modeling Company eat estimates
0:53
that powerful Storms that Hit the US
0:55
last we caused more than billion in
0:58
damage powerful tornado that struck more
1:01
Oklahoma is linked to the majority of
1:03
the damages estimated by eat the
1:06
estimates take into account damage done
1:08
to Properties and vehicles as well as
1:10
the expenses associated with the
1:12
recovery effort in the wake of these
1:14
recent disasters homeowners insurance
1:17
sector could see some turbulence this
1:19
hurricane season The National oceanic
1:21
and atmospheric administration has
1:23
issued a new report concerning The
1:25
arrival of hurricane season and what
1:27
that could mean for States Along the
1:30
the report claims that There is a 70%
1:33
likelihood that as many as 20 named
1:35
Storms could form in the Atlantic Ocean
1:38
and reach the US this year the agency
1:40
predicts that as many as six Major
1:42
hurricanes could form in the Atlantic
1:44
Ocean Which could potentially make
1:46
landfall at some Point during this
1:48
hurricane season three large insurers
1:51
opt out of California Health insurance
1:53
exchange United Health Sign and have all
1:57
decided to sit on the sidelines ands the
2:00
Health insurance exchange as it takes
2:01
form California set to play as a Vital
2:04
testing ground to determine whether the
2:06
Affordable care Act can succeed in
2:08
providing Affordable Health insurance
2:10
coverage To consumers The Three
2:12
companies Focus primarily on providing
2:14
coverage for large companies and would
2:16
not likely find any significant business
2:18
through the state's health insurance
2:20
exchange program Nevada Moves to raise
2:23
awareness concerning Health insurance
2:26
the Nevada division of insurance has
2:27
announced the Launch of a new website is
2:30
designed to provide State residents with
2:32
information concerning the state's
2:33
health insurance exchange The Division
2:35
of insurance believes that the website
2:38
may be the best way to distribute
2:39
pertinent information concerning the
2:41
Affordable care Act and the options it
2:43
provides to consumers throughout the
2:45
state Raising awareness of Health
2:47
insurance exchanges has become a
2:49
prominent practice Among many states
2:51
throughout the country That's it for
2:52
this week's News Roundup be sure to
2:54
visit linsan news.com for Active
2:56
coverage of the issues that matter to
