Live Insurance News

GOP healthcare bill could be deadly for thousands of Americans, study

June 29, 2017June 28, 2017 Marc

A new report suggests that lawmakers are debating a bill that could take away insurance needed to save lives. If the GOP healthcare bill goes ahead in its current form, the number of premature deaths among Americans will increase by 29,000 per year, says a report in the Annals of Internal Medicine medical journal. This report is based on calculations conducted on the Republican health care legislation if it goes forward as-is. Congressional lawmakers are debating two different plans for an Affordable Care Act repeal. That said, the Annals of…

Life insurance companies in Illinois owe $7.5 billion to unknowing beneficiaries

June 23, 2017June 21, 2017 Marc

Many insurers are keeping the money owed to beneficiaries who have no idea they’re entitled to a payout. Life insurance companies across the country are struggling with the issue of tracking down beneficiaries owed death benefits. While some states have very strict and specific laws about insurer practices in these situations, others make it possible for insurers to admittedly keep the owed money. In Illinois, this problem has risen to several billions of dollars owed to beneficiaries but kept by insurers. The practice has meant that life insurance companies aren’t…

Kentucky insurance exchange offers only one option for many health plan shoppers

June 19, 2017June 17, 2017 Marc

Residents of several of the state’s counties will have only one coverage option to choose next year. The Kentucky insurance exchange will continue to have health plan options for consumers across the state. That said, residents of some counties will have only one coverage option to buy. The recently released county level map of the state illustrated the 2018 health insurance company participation. That said, despite the fact that some people have exceptionally limited options on the Kentucky insurance exchange, they are considering themselves lucky when compared to counties in…

Companies use pet insurance benefits to draw talent

June 9, 2017June 7, 2017 Marc

kitten veterinarian pet insurance benefits

Now that cats and dogs are just furry family members, affordable animal health care has become a priority. A recent report in the New York Times showed that pet insurance benefits are becoming a staple offering for drawing skilled employees and encouraging them to stay. While pet insurance is already a growing trend in the United States, employer-sponsored benefits are also taking off. In fact, employer sponsored pet insurance benefits is among the most rapidly growing veterinary medicine trends. These include plans that cover only cats and dogs as well…

Hurricane season starts today and Jeff Atwater issued insurance advice

June 1, 2017May 31, 2017 Marc

The Florida Department of Financial Services CFO recommends that homeowners look again at their policies. Florida Department of Financial Services CFO Jeff Atwater cautioned state residents that the hurricane season begins. He reminded them that sooner is better than later when it comes to reviewing a business or homeowners insurance policy to ensure the right coverage is there. Should a storm be identified and named, it’s too late to contact an insurer to change protection levels. “For a better chance of a complication-free claims process, Floridians should carefully review all…