Story Archives of 'insurance'

The House has rejected two Senate bills that some say are nothing more than attempts to increase the role of money in politics.

But New Hampshire Public Radio’s Dan Gorenstein reports, a handful of lawmakers will be watching to see if these measures resurface in the next two weeks.

Do you have enough homeowners insurance.....or car insurance?

Are you paying the lowest price for the best coverage?

Those are questions any smart consumer should know the answer to.

But according to a new audit of New Hampshire's insurance buying practices, the state doesn't know if it has enough insurance....or whether it is paying too much.

It is the first such audit in 13 years.

It was prompted by an investigation into 180 thousand dollars of insurance commissions paid to a so-called volunteer working for then Governor Craig Benson.

But that investigation opened up a can of worms that has resulted in a 120 page audit containing dozens of findings.

Catherine Provencher is the director of the state's Legislative Audit Division.

She tell's NHPR's Mark Bevis that one of the key findings of the audit is that the state has no way to evaluate whether it has enough insurance....or indeed too much.

At a time when the state may face millions of dollars in flood cleanup costs, the Legislature is debating whether to cut revenue.

Lawmakers are gambling that cutting taxes for insurance companies will make the state a magnet for the industry.

New Hampshire Public Radio's Dan Gorenstein reports.

With floods first in the Gulf Coast and now in the Northeast and New Hampshire, an uncomfortable reality is emerging- many homeowners in risky areas don't purchase this kind of coverage...and those that do are often surprised at how little it helps them rebuild and recover. Laura's guests are Adam Scales, A Visiting Professor of Insurance Law at the University of Connecticut and Chair of the Association of American Law Schools on Insurance Law. Howard Kunreuther, Professor of Decision Sciences and Business and Public Policy and Co-Director of the Risk Management and Decision Processes Center at the Wharton School at the University of Pennsylvania Robert Sevigny, New Hampshire Insurance Commissioner and Dan Gorenstein, Reporter for New Hampshire Public Radio.

Click here to go to NHPR's Flood Coverage page

Executive Council approves a $680,000 contract for consultants to take another look at the state's self-insurance program. Governor Benson says the findings could prompt the state to return to conventional insurance for its workers next year.