Health insurance companies are withdrawing from many U.S. markets

health insurance company online exchange

A number of insurers have been stepping out of a number of areas they have deemed to be unprofitable. The Affordable Care Act may be experiencing a shift in the health insurance companies that are continuing to participate in some marketplaces next year, particularly when it comes to those selling plans in rural areas. This may leave the residents of certain areas with health plan options from a single insurance company in 2017. According to state regulators, the online insurance exchanges that are central to the ACA in Alaska and…

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Arizona children’s insurance plan gets the go ahead

Children's insurance plan health care

The state has now joined the rest of the country and has become the last one to offer low income kids a program. Arizona has now become the fiftieth state to offer a children’s insurance plan to low-income kids, after the plan’s backers pushed it through the Legislature and landed it on the desk of Governor Doug Ducey (R), who signed it right away. The program will be known as KidsCare and will be the federal Children’s Health Insurance Program version for Arizonians. In Arizona, the children’s insurance plan has…

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Commercial auto insurance is continuing its slumping trend

commercial auto insurance business

According to Fitch Ratings, this sector has been a “chronically underperforming product segment.” Fitch Ratings has revealed that the commercial auto insurance market as a whole had not only experienced an underwriting loss last year, but also that this was the fifth year in a row in which that happened. Fitch also said that the P&C market was in its third consecutive year of considerable underwriting profits. The American commercial auto insurance market has become a “chronically underperforming product segment” for insurers, said Fitch. These underwriting losses have even been…

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Will the global insurance industry save us from climate change?

global insurance industry - earth day plant growth

Earth Day turned a lot of heads toward the critical environmental issues we’re facing. The global insurance industry has stepped up and has shown that it was listening when scientists around the world made it clear that the top message they wanted to share on Earth Day 2016 was that the planet’s temperatures are rising. Regardless of whether people agree with the cause of the matter, it is happening in a measurable way. Why is the global insurance industry showing concern? For one thing, it’s made up of people who,…

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How a tire gauge and other tools help you to avoid disaster

tire pressure winter auto care

A surprising number of crashes and accidents can be prevented with very small road safety efforts. Many drivers fall into the routine of heading out the door and down the street every day, to the point that they have all but forgotten about using their tire gauge and other simple tools on a regular basis in order to help to prevent some extremely avoidable emergency situations. Drivers aren’t necessarily careless or risk-takers but are pressed for time and don’t realize the importance of 2 minute efforts. Tire failure is far…

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