Author: S.Vagus

Taxpayers to commit $660 billion for health insurance subsidies in the US

S.Vagus
Health Insurance Expense

Subsidies to help cover the cost of coverage for those over the age of 65 are growing This year, taxpayers in the United States will commit more than $660 billion to help subsidize health insurance coverage for those over the age of 65, according to the. The federal agency has released one of its most comprehensive reports concerning the cost of subsidized insurance coverage, highlighting the potential these subsidies have to reduce the national deficit. According to the report, the 2016 tax bill accounts for 3.6% of the country’s gross…

Read More

Friendsurance raises funding to support its innovative take on health insurance

S.Vagus
us health insurance reform

Friendsurance raises $15.3 million in latest round of funding led by Horizon Ventures A unique type of health insurance company has emerged to raise a significant amount of funding to aid its expansion. Friendsurance, a peer-to-peer insurance company, has announced that it has raised $15.3 million in funding, led by Horizon Ventures. The insurer aims to change the way people look at insurance coverage and how they acquire this coverage and handle premiums. The company may be able to change the way that insurance works in the future through its…

Read More

Single-payer system could secure health insurance for millions

S.Vagus
covered care open enrollment

Open letter highlights the potential benefits of a single-payer health care system Some 560 medical professionals and medical students have come together to issue an open letter concerning the renewed debate concerning health insurance in the United States. With the 2016 presidential campaign in full swing, politicians have been highlighting the merits of a single-payer health care system. Such a system involves the state, rather than insurance companies, paying for all health care costs. Many believe such a system would make it easier for people to acquire health insurance coverage.…

Read More

New auto insurance legislation may undermine the insurance industry in Minnesota

S.Vagus
auto insurance ridesharing

American Insurance Association opposes new legislation proposed in Minnesota New legislation in Minnesota may change the way auto insurance is regulated in the state and it has received opposition from the American Insurance Association (AIA). AIA Midwest region vice president Steve Schneider has provided testimony to the Minnesota State Senate Commerce Committee, highlighting the fact that the AIA is opposed to the legislation taking hold. The organization has expressed concern that the legislation would completely rework state law without taking into account how this would affect the solvency of the…

Read More

Cyber insurance is becoming more important throughout the world

S.Vagus
cyber insurance theft id higher rates

Report highlights the growing demand for cyber protection IDC Financial Insights has released a new report highlighting cyber insurance as an excellent opportunity for insurers due to the growing demand for this form of coverage. Cyber insurance is becoming more important as companies become more reliant on digital technology. These companies face serious risks that could result in severe financial losses if they do not adequately protect the sensitive information of consumers. Demand for cyber protection is on the rise and insurers may find promising opportunities in this emerging market.…

Read More