Author: Nordstrom

Health insurance rules outlined for California exchange

Nordstrom
New York Homeowners Insurance Rules

California officials share glimpse at future of health insurance market The California health insurance exchange is beginning to take form and consumers are finally getting a glimpse at what kind of policies will be provided through the system. The state has chosen to build and operate the exchange itself, accepting federal financial aid for the effort. This week, state officials have begun to provide some information concerning the kind of health insurance policies that will be available in the exchange beginning October of this year. Exchange to offer plans in…

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Homeowners insurance may become more expensive in Florida

Nordstrom
Homeowners Insurance Florida

Homeowners insurance in Florida facing major changes due to new legislation Florida’s Citizens Property Insurance, a state-run organization that offers homeowners insurance coverage throughout the state, has been laboring under the weight of significant financial problems for the past few years. Last year, the state-run company was tasked by Florida lawmakers to make drastic changes to its business structure in order to overcome its financial challenges. The number of policies represented by the insurer and the premiums associated with these policies have been the major focus on this restructuring. A…

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Health insurance brokers in Minnesota receive some good news

Nordstrom
insurance articles

Health insurance brokers get some good news from the state As the Affordable Care Act inches closer to becoming fully actualized in the U.S., insurance agents and brokers are beginning to feel pressure concerning their livelihoods mounting. The federal health care law calls for the establishment of health insurance exchanges, which are meant to be virtual marketplaces where consumers can find affordable health care policies. Policies would be sold through the exchange, effectively eliminating any third party in the relationship between consumer and insurer, a fact that has many brokers…

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Aon report focuses on impact of US natural disasters

Nordstrom
Natural Disaster damage insurance trends

US disasters deal costly blow to global insurance industry, according to Aon Aon Benfield, a leading reinsurance and catastrophe modeling firm, has released its latest Annual Global Climate and Catastrophe Report. The report highlights the impact that natural disasters have had throughout the world and how these disasters have hit the global insurance industry and economy. According to the report, two of the world’s costliest natural disasters occurred in the U.S. While these disasters were largely confined to the borders of the country, Aon notes that their influence has sent…

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Covered California wins additional funding from federal government

Nordstrom
California Health Insurance

Covered California receives $674 million grant The California health insurance exchange, which is called Covered California, has been awarded an additional $674 million in funds from the federal government. The funds will help with the development and launch of Covered California, as well as power the marketing campaign that will promote the health insurance exchange. The funds will be issued to the state over the next two years, with part of this grant to be used after Covered California officially begins operation in 2014. Funds to be used to market…

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