California health insurance subsidies now apply to more middle-income families

California health insurance subsidies - Covered California - YouTube

As the open enrollment period begins, more state residents will qualify for financial assistance. Open enrollment began as of yesterday, and a higher number of middle-income families will discover that they qualify for California health insurance subsidies for next year’s coverage. The open enrollment period for the Covered California exchange is October 15 to January 31. Families who have enrolled for their health plans by December 15, regardless of whether they qualify for California health insurance subsidies, will have coverage effective January 1, 2020. That said, their coverage will begin…

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HIV prevention drugs to be available prescription-free in California

HIV Prevention Drugs - Pills and bottle

Governor Gavin Newsom signed a bill to give pharmacists authority to dispense these medications. To start the week, California Governor Gavin Newsom signed a bill providing pharmacists the authority to dispense Truvada and other HIV prevention drugs to patients without a doctor’s prescription. The new California bill will make it possible for pharmacists to dispense PrEP and PEP drugs. PrEP (pre-exposure prophylaxis) and PEP (post-exposure prophylaxis) can play important roles in preventing HIV infection among patients potentially exposed to it. Patients in California will no longer require a doctor’s prescription…

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Allstate Takes the 2020 Military Friendly Employers List Crown

Military Friendly Employers - man and woman, veteran returning home

The insurance company has been recognized for being the best employer for veterans. Allstate has earned the respected and highly coveted recognition as the top company on the 2020 Military Friendly Employers list. Allstate is the firm recognized for its military and veterans programs to hire, develop and retain. The insurance company took the top spot among Military Friendly Employers in the $5 billion in revenue category. It took that crown for its military and veterans programs. Those programs are focused on hiring, developing and retaining veterans as well as…

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Insurance technology is driving the industry’s evolution

Insurance Technology and InsurTech

Various types of tech are changing insurers’ approach to appealing to prospective and existing customers. Insurance technology, also known as InsurTech, is pushing the industry in a fresh and targeted direction for all stakeholders. This tech is a vital component to appealing to a younger generation of consumers. Insurance technology deal values are up by 32 percent year over year as insurers and investors push to upgrade the industry and improve its profitability, said a recent Property Casualty 360 report. The report cited data and conclusions from the recent Global…

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Hurricane Dorian gives Americans a wake-up call they should not ignore, says Allstate

Hurricane Dorian - Storm heading toward Florida

The insurer’s data shows that almost 60 percent of U.S. residents aren’t prepared for a natural disaster. Well over half of all Americans would have been completely unprepared for an event like Hurricane Dorian, said a recent report released by Allstate Insurance. Nearly 60 percent of Americans are assuming that natural disasters won’t affect them. Allstate Insurance used Hurricane Dorian as an example of the type of natural disaster that can threaten Americans. Its report showed that while 70 percent of Americans say that they are concerned over catastrophic events…

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Tesla Insurance launches, sending the electric vehicle maker into a new industry

Tesla Insurance - Tesla Car - Steering wheel

At first launch, the auto coverage will be available only in California and for the company’s customers. The Tesla Insurance coverage for the company’s electric vehicles and that was first announced earlier this year has now launched in California. The idea is to make premiums 20 percent to 30 percent more affordable for drivers of Tesla’s electric cars. Elon Musk first announced his intentions to launch the product back in April 2019. At that time, Elon Musk had assumed that the Tesla Insurance product would launch quite quickly. That said,…

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Jay Z and Will Smith backed life insurance start-up valued at almost $500 million

Life insurance start-up - Robert Downey Jr. visits the Embassy

The company, called Ethos, gained considerable value in a Series C round led by big-name backers. San Francisco-based life insurance start-up, Ethos, has just gained an additional $60 million in funding and is now valued at just about $500 million. Existing investors include such big name celebs as Jay Z, Will Smith and Robert Downey Jr. During its Series C round of funding, the life insurance start-up was highly successful, with a round led by Alphabet’s (parent company of Google) venture arm, GV, as well as Goldman Sachs. Its existing…

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