Insurance Commissioner Visits - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Insurance Commissioner Visits

Posted: Updated:

North Dakota's insurance commissioner says he's not surprised to see Congress looking into a delay for new flood insurance rates.

Adam Hamm says he understands the politics of delaying the big policy rate increases, but he says at some point, Congress will have to face the facts that the flood insurance program is in trouble.

(Adam Hamm, ND Insurance Commissioner) "It's a temporary fix. It's in some ways kicking the can down the road because anybody that knows anything about that national flood insurance program will tell you it's under water. It's about 25 to 30 billion dollars in the hole and the reason it's got to that point is because they haven't had actuarially-sound flood insurance rates over the last 10, 15, 20 years."

Hamm was speaking to the local Kiwanis Club today and says the number one thing he hears about these days is Obamacare.

And he wants to avoid confusing people about the new health insurance plan.

He says the his agency certainly has concerns about how North Dakotans are being treated in trying to comply with the new law.

But he says it's important that people understand the insurance marketplace and the website to sign up for Obamacare - HealthCare.gov - are not state-run operations.

(Adam Hamm, ND Insurance Commissioner) "So what you'll see, like on the ND Insurance Department's website, we have all sorts of resources, frequently asked questions, the link to healthcare.gov, because we want folks to have the information but we don't want them confused into thinking that the state of North Dakota is either running this marketplace or can fix it."

Hamm says there are health insurance options for people outside of the Obamacare marketplace plans run by the federal government, and those do come under state regulation.

  • Minot/Williston NewsMore>>

  • Refinery on Track for 2016 Opening

    Refinery on Track for 2016 Opening

    Wednesday, April 23 2014 7:57 PM EDT2014-04-23 23:57:07 GMT

    Foundation pours are underway just north of Makoti on the Thunder Butte Petroleum Services refinery that should be ready to open in 2016.

    Foundation pours are underway just north of Makoti on the Thunder Butte Petroleum Services refinery that should be ready to open in 2016.

  • PSC Approves Power Line

    PSC Approves Power Line

    Wednesday, April 23 2014 7:55 PM EDT2014-04-23 23:55:27 GMT

    The state Public Service Commission has approved a permit for a controversial power line in western North Dakota

    The state Public Service Commission has approved a permit for a controversial power line in western North Dakota

  • Homeowners Get First Awards from CDBG Program

    Homeowners Get First Awards from CDBG Program

    Wednesday, April 23 2014 7:41 PM EDT2014-04-23 23:41:44 GMT

    Some flood victims who've rebuilt their homes in Minot are getting federal grant payments this week.

    The Community Development Block Grant funding was made available to Minot residents who rebuilt their homes following the 2011 Mouse River flood.

    Some flood victims who've rebuilt their homes in Minot are getting federal grant payments this week.

    The Community Development Block Grant funding was made available to Minot residents who rebuilt their homes following the 2011 Mouse River flood.

Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.