Author: Logan B.

Insurance Exodus: 2 More Companies to Exit California’s Homeowners Insurance Market

Logan B.
California Homeowners Insurance - Company Exits

Growing Trend Withdraw from California’s Market In a significant development within the insurance industry, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. have both declared their intentions to exit the homeowners and personal umbrella insurance markets in California. This decision places these companies alongside an expanding list of insurers that are choosing to either withdraw or scale back their operations in the state. Policyholders Affected: Tokio Marine’s Departure Impacts Thousands in California According to recent filings with the California Department of Insurance, both entities—subsidiaries of the Japan-based Tokio…

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Virginia Senator Kaine seeks Affordable Care Act health insurance changes

Logan B.
Health insurance - ACA Virginia Flag

Along with Senator Baldwin, changes to the ACA Essential Health Benefits are sought Senator Tim Kaine (D-VA) and Senator Tammy Baldwin (D-WI) are seeking to update the Essential Health Benefits in Affordable Care Act health insurance plans. The current ACA plans are required to cover 10 categories Among the categories Affordable Care Act health insurance plans must cover are mental health services and prescription drugs. According to Virginia Health Catalyst CEO Sarah Bedard Holland, failure to act will only allow the current medical debt crisis to worsen. “Four in 10…

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Can Insurance Companies Help Fight Global Warming with Incentives?

Logan B.
Insurance Companies - Global Warming Incentives

In an era when climate change poses significant risks, the role of insurance companies is becoming increasingly dynamic. With natural disasters on the rise, leading to soaring claims and heightened premiums, there is burgeoning interest in incentives that promote environmental sustainability. Notably, some insurance providers are strategically mitigating risk while advocating for greener choices by offering discounts and incentives that encourage consumers to adopt eco-friendly practices. Innovative Incentives by Insurance Companies for Environmental Sustainability Mercury Insurance stands at the forefront of promoting environmental responsibility, offering a Green Home discount up…

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Many families in Louisiana are reaching home insurance desperation

Logan B.
Home Insurance - Stressed at high rates

The state has reached a crisis point in its property coverage market with prices headed steadily skyward. Families affected by the hurricanes that have hit the state in many years have already been facing rapidly climbing home insurance rates, but at the same time, they’re also battling with insurers to pay for the costs they’ve paid to make their homes livable again. Insurers in the state have gone bankrupt, leaving policyholders floundering While settlements from some home insurance companies are protected through the state-backed guaranty association, the process can take…

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Visible minorities in LA County face health care inequalities, survey

Logan B.
Health care - Inequality - Minorities

The research was conducted and results released by the Los Angeles County Department of Health The Los Angeles County Department of Health has released its 2023 health care survey results and determined that visible minorities faced a slew of inequities. The survey involved the participation of thousands of residents of the county There were 9,372 adults and 7,391 kids from LA county that participated in the wellness survey. The research examined a range of issues, including everything from health care to insurance access and from housing to the way these…

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