New Year’s resolutions that lower your risk of a home insurance claim in 2018

organized home insurance claims

Some of the changes people put off could make a bigger difference than they realize. A new year often offers a natural opportunity for people to get a fresh start and improve areas of their lives to reduce the risk of home insurance claims, better their health or take greater social responsibility. 2018 presents a great chance for homeowners insurance policyholders to improve their safety. Many people can either reduce their risk of having to make home insurance claims or can make their claim filing much easier by taking any…

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GOP tax plan will cause health insurance rates to spike

GOP tax plan health care vote - President Donald Trump Official Portrait

If the Republicans manage to pass their tax plan as is expected this week, coverage may get much pricier. If Republicans successfully pass the GOP tax plan this week – and the expectation is that it will – health insurance could become much more expensive for Americans, say opponents. The final version of the Republican plan will repeal the individual insurance mandate of the ACA. The Affordable Care Act (ACA) requires Americans who don’t have health insurance coverage through their employers, other groups, Medicare or Medicaid, to purchase coverage for…

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European insurance watchdog is now the one under investigation

EU insurance watchdog industry

The EIOPA is typically the one watching over the market but it is now facing scrutiny for two practices. The European insurance watchdog is normally the organization responsible for watching over the industry and making sure the practices are kept legal and appropriate. However, the European Insurance and Occupational Pensions Authority (EIOPA) is now under investigation to check into its own practices. The European Court of Auditors is conducting an audit looking primarily into two main areas. The insurance watchdog will be investigated in the following main areas: its supervision…

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Colorado health insurance registrations up 29 percent over last year’s enrollment

denver colorado health insurance

State residents are steadily continuing to sign up for their coverage under the Affordable Care Act. Colorado health insurance enrollment is performing considerably better than it was at this time in 2016. Despite a temporary slow down near the end of November, the Affordable Care Act in the state is still seeing far more registrations than had been the case last year. Even with the slowing, the enrollment pace is still significantly faster than was seen in 2016. According to Colorado health insurance data from November, almost 44,000 state residents…

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Paramedic insurance coverage is broadening its importance in the United States

Business paramedic insurance

Experts predict that this type of policy will becoming increasingly necessary, particularly for disaster scenarios. Paramedic insurance coverage is a growing industry and experts predict that this growth will only continue to head upward. This includes in cases of U.S. disasters. In fact, the extreme weather events have been among the driving forces in insurance policies for paramedics. The many different extreme weather events and natural disasters in the United States this year have led to a rising interest in paramedic insurance. That type of coverage has already seen growth…

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California wildfire victims worried that they can’t afford to go home

california wildfire victims angry frustrated

As the holidays approach, evacuees whose homes were burned are left with little more than uncertainty. Santa Rosa, California wildfire victims are facing a very uncertain future in the aftermath of the blaze. Evacuees whose homes are gone may not be able to afford to return to the same place they used to live. Rents have skyrocketed, with reports of apartments as expensive as $13,000 per month in Santa Rosa. Now, renters and homeowners alike are finding themselves to be common California wildfire victims who don’t know where they will…

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Wholesale insurance brokers face investigation conducted by UK FCA

Wholesale insurance brokers market investigation

The Financial Conduct Authority held a much anticipated examination of that brokering market. The United Kingdom’s Financial Conduct Authority (FCA) started an investigation into wholesale insurance brokers. This long anticipated examination of the insurance brokering market is expected to find answers regarding a number of reports. This includes claims from a top executive that there is “abusive behavior” going on. The FCA said the review’s terms of reference would be published today at 7:00 GMT. The FCA promised that it would look into the wholesale insurance brokers market as early…

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CVS Health called “insane” for attempting to step into insurance industry

CVS Health insurance

Wall Street Analysts are baffled by the pharmacy and drug store chain’s potential Aetna purchase. CVS Health revealed its intentions to purchase nationwide insurance provider, Aetna. This would represent the company’s first steps into the health insurance industry. At the same time, it has Wall Street analysts puzzled over the decision. This entry into health insurance within the current atmosphere has analysts completely confused. Jeffries health care desk analyst, Jared Holz, called the CVS Health decision “insane.” Moreover, he also said that this move to acquire Aetna has arrived much…

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Mobile insurance claims are taking a while to catch on with consumers

Mobile insurance claims

J.D. Power data shows insurer apps aren’t rapidly taking off among policyholders filing for payments. Mobile insurance claims aren’t very popular among policyholders, says J.D. Power data. Even though auto insurance companies across the country have launched massive advertising campaigns, consumers are still slow to adopt the tech. As much as mobile insurance apps are being used more frequently, that isn’t the case for making claims. J.D. Power released its 2017 U.S. Auto Claims Satisfaction Study. Within it, the firm indicated that the slow adoption of mobile insurance claims technology…

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GOP opposition to ACA subsidies suspends bipartisan health care agreement

aca subsidies - health care reform

Just after bipartisan senators released an eleventh hour effort to save medical coverage, it ground to a halt. A bipartisan effort to rescue the American health care system following President Donald Trump’s annihilation of the ACA subsidies has stalled. Though the agreement had been underway, hours later, it was suspended as the president sent mixed signals and Republicans either opposed it or failed to endorse it. The agreement was created due to a sense of urgency to recover after key payments to insurance companies were withdrawn. As President Trump was…

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