The News Review:
- New tobacco tax should save Tennessee $1.1 billion
- Layoff insurance latest carrot for homebuyers
- Nationwide cuts 480 jobs in latest layoffs
- Senate tries to block DC insurance law
- NM governor signs title insurance overhaul bill
New tobacco tax should save Tennessee $1.1 billion
Bizjournals.com
195 cents per pound to $0. Additional funds raised will benefit the State Children’s Health Insurance Program which provides insurance for children and their families if they make too much for government assistance but not enough to afford health care coverage. However officials from the Tennessee Department of Health claim the new taxes will help 30200 Tennessee quit using tobacco products which will produce myriad ancillary benefits. TDH claims the move will save 23100 smokers in the state from smoking-related deaths. Smoking declines will save the state $1. 1 billion in associated health care costs and $241 million for TennCare the state’s Medicaid program.
Layoff insurance latest carrot for homebuyers
The Associated Press
Buyers can take advantage of the program only if they lose their job within the first two years after purchasing the home. Launched last month Toll’s mortgage protection program only covers homebuyers who finance their purchase through the company’s mortgage lender. The plan covers a maximum of six monthly payments of up to $2500 a month — including interest taxes and insurance — if the homeowner loses his or her job within two years after closing on their home. “It’s for those who perhaps are not feeling themselves in imminent danger but just want that extra safety net” said Kira McCarron chief marketing officer for luxury homebuilder Toll which is based in Horsham Pa. ne of the most generous programs in the industry comes from Cousins Properties Inc. which is marketing the effort with its 10 Terminus Place luxury condo tower in Atlanta. Cousins is offering to refund to buyers all their mortgage payments should the appraised value of their condos fall below the sale price after three years.
Nationwide cuts 480 jobs in latest layoffs
The Associated Press
on Friday laid off 480 employees and contractors across the country the latest round of job cuts from the insurance giant a spokesman said. Nationwide has eliminated about 3000 jobs nationally over the past two years. The company lost $342 million last year as the industry dealt with claims from an unusually high number of hurricanes and a sharp drop in investment returns. “We haven’t made it a secret that we’ve been looking at targeted work force changes to make us more efficient” Nationwide spokesman Eric Hardgrove said.
Related from Panpacmastersgames: Newspaper publisher McClatchy cutting 1600 jobs
Senate tries to block DC insurance law
Baltimore Sun
pponents of the law say the insurance company would be forced to pay for the new clients by drawing from premiums paid by its Maryland customers mostly in Montgomery and Prince George\’s counties. CareFirst projects losses of more than $160 million over five years by enrolling what it calls “difficult-to-insure District residents. ” A bill that advanced Friday in the state Senate would require the Maryland Insurance Commissioner to hold a hearing if another government enacts a law that requires a nonprofit health service plan operating in Maryland to provide for the residents of the other state.
NM governor signs title insurance overhaul bill
Forbes
Bill Richardson signed into law on Friday. The new law overhauls the state’s title insurance system to provide for price competition in rates starting in July. com%2Ffeeds%2Fap%2F2009%2F04%2F03%2Fap6254964.