Posts Tagged ‘JUA’

State Senate Minority Leader Peter Bradgon (R-Milford) issued the following statement following a Legislative hearing on an attempt to defy the NH Supreme Court and raid the JUA fund.

Senate Republican Statement on Vote to Block Lynch’s Raid of Doctors’ Insurance Funds
Senate Minority Leader Peter Bragdon (R-Milford) released the following statement regarding today’s decision by a [...]

John Stephen’s campaign for Governor issued the following statement today regarding Gov. Lynch’s recent actions with the JUA decision.

Stephen: Lynch Turning New Hampshire Into
‘Banana Republic’
Calls state effort to absorb JUA an assault on property rights
MANCHESTER, NH- John Stephen, Republican candidate for Governor, today blasted the efforts of Governor John Lynch and his Insurance Department (DOI) [...]

Great article in the Laconia Daily Sun this morning on the state’s continued efforts to confiscate the JUA Surplus. Reporter Michael Kitch writes that the AG’s office is again representing the JUA Board, even though a Superior Court found a conflict of interest.

The LDS has been kind enough to let us archive their JUA coverage, since their website lacks permalinks. I’ve posted today’s story over at NH Watchdog.

With a day of reflection behind us, let’s take a second look at Rep. Fran Wendelboe’s idea to give state government up to $25 million from the Joint Underwriting Association. In case you were wintering in Florida, the Supreme Court has ruled that Governor Lynch had no authority to raid the JUA’s accounts, since state taxpayers never contributed to the fund, and were not on the hook if insurance claims exceeded what was available. The Court affirmed the property rights of the policy holders to any surplus, but Lynch has steadfastly refused to let his Insurance Commissioner distribute the surplus to policy holders as he plots for another way to steal their money.

Rep. Wendelboe has talked to Lakes Region General Hospital, the lead plaintiff in the JUA Lawsuit, and proposed a “compromise” where the state would belatedly release up to $75 million from the fund not needed to pay anticipated claims, but only if it could receive $25 million.

Cross posted from NH Watchdog
(CONCORD) State Representative Fran Wendelboe (R-New Hampton) is proposing a second attempt to use surplus funds from the Joint Underwriting Association to balance the state budget. Wendelboe presented the plan as an amendment to SB 450 at a hearing of the House Finance Committee this morning.

In response to the State Supreme Court’s ruling that the State could not use JUA surplus funds to balance the state budget, several groups have issued press releases in response to the Court’s decision.
NHGOP

NHGOP STATEMENT ON SUPREME COURT BLOCKING LYNCH’S ATTEMPTED THEFT OF JUA FUNDS
CONCORD – Former New Hampshire Governor and Republican State Committee Chairman [...]

In a massive defeat to Gov. Lynch and State House Democrats, the State Supreme Court has ruled against the state on the hotly contested JUA money grab.  Jim Rivers of the House Republican Office broke the news earlier this morning.
Grant Bosse over at NH Watchdog has the following intial reaction and background:
The ruling was 3-2 [...]

Democratic Sens. Deborah Reynolds and Lou D’Allesandro recently attempted to explain why they believed it was appropriate for the state to seize $110 million from the Joint Underwriting Association Fund (”State had a good argument - and need - to take the money,” Monitor Forum, Oct. 5). They argued that since the state created the [...]