Category: Latest Insurance News Articles

The latest headlines, on all lines of insurance, will be updated and listed here.

Vermont health insurance exchange struggles to overcome problems

Marc
Vermont Health insurance exchanges

Audit shows that the state’s insurance exchange still suffers from crippling issues An audit of the Vermont health insurance exchange has shown that there are still serious problems with the state’s exchange marketplace. The exchange, called Vermont Health Connect, has been struggling to overcome some serious issues for the past several months. These issues range from faults in the exchange’s enrollment process and renewal system to security issues that threaten the safety of consumer information. While the audit found that some problems have been resolved, others remain. Gaps in functionality…

Read More

Lawmakers approve revisions to Michigan’s auto insurance laws

S.Vagus
michigan auto insurance

Revisions to insurance laws have been approved by the state’s Senate Lawmakers in Michigan have moved to address issues concerning the state’s auto insurance laws. The state’s Senate has approved revisions to insurance laws that are meant to curb costs associated with medical care for those that have been injured in crashes. These revisions are not entirely popular within the Senate, with opponents suggesting that these revisions could be a detriment to those that need medical care as the result of severe injuries caused by a car crash. Auto insurance…

Read More

American pet insurance industry experiences sales growth

Julie Campbell
pet insurance employee benefits

A new update to the report from IBISWorld has shown that more animal owners are buying policies. IBISWorld has updated the data in its report on the pet insurance industry and has pointed out that as a result of a combination of the increase in the costs associated with veterinary services, and the rising awareness among consumers with regards to coverage options, sales of these policies have been measurably growing. Insurers offering these types of policies have been experiencing rising consumer awareness and acceptance. The report showed that over the…

Read More

North Carolina auto insurance tax will contribute to roadway maintenance

H. Cutner
north carolina auto insurance

Higher taxes for gasoline and a range of other fees will help to keep the highways in the state paved. North Carolina has had to come up with a new plan to pay for the construction and maintenance of highways in the state, and it has now rolled out a plan that will use taxes on gasoline and auto insurance as well as increased vehicle fees in order to help to ensure that the funds that are needed will be available. The reason that the additional revenue streams are required…

Read More

Children’s Health Insurance Program wins more funding

Logan B.
Children arkansas health insurance

Senate approves legislation to reform Medicare payments and secure CHIP funding A measure to extend the funding for the national Children’s Health Insurance Program (CHIP) has won unanimous approval from the U.S. Senate. Federal lawmakers have also approved a measure to reform the Medicare physician payment system, which could address issues concerning medical costs and the overall cost of the Medicare system itself. The measures approved by the Senate would replace the Medicare Sustainable Growth Rate Formula with the Medicare Access system, ensuring that seniors have access to affordable outpatient…

Read More