Congress and the Obama administration are working on a proposal to create a new national health insurance plan that would cover all currently uninsured Americans. The national plan would compete with private health insurance plans.
Do you think this new option would improve medical care in the United States? Or would new government rules mean a decline in medical standards? What do you think?
By Jamie McGee
June 23 (Bloomberg) — Fewer motorists sought to change their insurance company for their vehicles as the U.S. recession spurred a “hunker-down mentality,” according to a J.D. Power and Associates survey.
The proportion of customers seeking a new insurer fell to 28 percent in the 12 months ended in March from 36 percent in the year-earlier period, the marketing company said today in a statement. The study showed a slump in shopping in the fourth quarter and January, and some companies reported a rebound in recent months, Jeremy Bowler, J.D. Power’s senior director of insurance, said in an interview.
For six years, a Newmarket and Barrie-based life insurance agent offered some of his customers the chance to invest with him on the side.
He told them he was putting their money in the insurance industry, primarily with Canada Life, and he paid them high returns.
In reality, he was running a Ponzi scheme, police allege. And when he was arrested, nearly all the money was gone.
Last month, police charged him with bilking three people out of their money. Today, he has been charged with nine more counts of fraud, after more victims came forward.
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