Joe Biden News

Insurance Leaders Among Those Urging Congress to Certify Biden Win Without Delay

Several leaders of the insurance industry joined nearly 200 New York corporate executives in a letter urging members of Congress to certify the election of Joe Biden as President without delay this week and support a smooth transition of power. …

What P/C Insurance Industry Can Expect If Biden Wins or If Trump Is Re-Elected

If Republican President Donald Trump wins re-election, the property/casualty insurance industry is not likely to see much change from the status quo in Washington. If Democrat Joe Biden wins the presidency, however, the P/C insurance industry can expect a flurry …

Tropical Storm Threatens Gulf Oil Disaster Containment

BP Plc oil spill workers in the Gulf of Mexico prepared for a possible evacuation Thursday as a tropical storm threatened more delays in attempts to end the environmental disaster. The U.S. National Hurricane Center said Tropical Storm Bonnie, the …

Hurricane Alex to Hamper BP’s Gulf Oil Disaster Containment Effort

Tropical Storm Alex is expected to reach hurricane strength on Tuesday, with high winds and vast waves set to hamper BP Plc’s latest efforts to contain the largest oil spill in U.S. history. Shares in London-based energy giant BP fell …

Obama Demands BP Set Up Independent Account for Oil Claims

President Barack Obama, seeking to demonstrate strong leadership on the Gulf of Mexico oil spill, will demand today that BP set aside billions of dollars to pay damages from the catastrophe. A day after he vowed to fight the spill …

Massey Says West Virginia Mine Was Clear of Gases Before Explosion

Air samples did not show high levels of explosive gases just before an explosion in a West Virginia coal mine that killed 29 workers, and what caused the disaster remains unknown, the mine’s owner said. Massey Energy Co. board director …

VP Biden Offers State Insurance Regulators Ground Rules for Healthcare

Vice President Joe Biden told state insurance regulators this week that “soaring” health care premiums are hurting families and businesses, which he said underscores the need for a healthcare overhaul. “Health insurance premiums in states have gone up between 90 …

Insurance Premium Hikes in Oklahoma Double That of Wage Increases

A report from the White House says health insurance premiums in Oklahoma have risen twice as much as wages since 1999. The report says the cost of premiums is up by 96 percent while wages rose by 47 percent. The …

White House Targets Insurers for Health Insurance Premiums

The White House kept insurance companies squarely in its sights Tuesday in the push for healthcare reform by releasing research showing that health insurance premiums have risen far faster than inflation in every U.S. state. U.S. states have experienced premium …

Democrats Eye Health Co-Ops as Health Insurance Option Compromise

With Republicans fighting the idea of a government-run health insurance plan, Obama administration officials said that they are open to a compromise: a cooperative program that would expand coverage with taxpayer money but without direct governmental control. Congress began work …