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Time for a national insurance program to cope with natural disasters? (The Christian Science Monitor via Yahoo! News) Given that so many Americans live in areas that have been prone to natural disasters – hurricanes, earthquakes, tornados – is it time for the federal government to intercede to help states and property owners obtain more reasonable castastrophic insurance? March 10, 2010 7:06 PM Insurance Mandate May Need Strict Penalties (NPR) The health care plans before Congress require individuals to purchase insurance. But the penalty for violating the individual mandate may be so low that healthy people might be tempted to pay it instead of buying insurance. That would leave insurers with less healthy customers, prompting companies to raise their rates, prompting more people to drop out, and so forth. March 11, 2010 5:37 AM Va. General Assembly votes to ban mandatory health insurance coverage (Washington Post) RICHMOND -- Virginia's General Assembly is the first in the nation to approve legislation that bucks federal health care reforms by banning mandatory health insurance coverage. March 10, 2010 2:46 PM Time for a national insurance program to cope with natural disasters? (The Christian Science Monitor) Advocates of legislation to create a national insurance program say it's better to plan ahead than do a bailout after a natural disaster. Critics say it would amount to a subsidy for owners of coastal mansions and encourage people to live in places they shouldn't. March 10, 2010 7:23 PM Ecclesiastical Insurance saves millions with e-procurement (Computer Weekly) Insurance company Ecclesiastical Insurance has cut its procurement costs by £3m in a year following a £20,000... March 11, 2010 6:12 AM Interstate health insurance fails (Tacoma News Tribune) A bill giving Washington consumers an opportunity to buy health insurance from other states died in the Legislature this year under pressure from advocates for mental health equality, massage therapists and others. March 11, 2010 2:22 AM Swiss Re puts Chile quake insurance cost at $4-7BN (AP via Yahoo! News) Swiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich Re AG. March 10, 2010 7:00 AM Unemployment Insurance Extended (13WHAM Rochester) Washington, D.C. - The U.S. Senate voted to extend unemployment insurance and Cobra health benefits for one year. March 11, 2010 7:27 AM Taking insurance education online (Business Insurance) Farmington Hills, Mich.-based Burns & Wilcox Ltd. has created a Web-based portal within its corporate university--The Kaufman Institute--to deliver online education, training and development services to insurance professionals. March 11, 2010 5:57 AM Hexaware Strengthens Insurance Capabilities; Forges Strategic Partnership With eBaoTech (PropertyandCasualty.com) Hexaware Technologies, a leading global provider of IT & BPO services and consulting, recently, announced a global partnership with eBaoTech, a leading provider of a complete suite of new generation core application software and services for life and general insurance industries March 11, 2010 4:48 AM