Live Insurance News

American pet insurance industry experiences sales growth

April 21, 2015April 18, 2015 Julie Campbell

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…

North Carolina auto insurance tax will contribute to roadway maintenance

April 21, 2015April 18, 2015 H. Cutner

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…

Children’s Health Insurance Program wins more funding

April 21, 2015April 18, 2015 Logan B.

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…

Insurance companies don’t cover all forms of birth control

April 20, 2015April 18, 2015 Julie Campbell

The Kaiser Family Foundation has determined that the Affordable Care Act’s coverage doesn’t necessarily extend to all methods. According to the results of a new study that was published by the Kaiser Family Foundation, not all forms of birth controls are being covered by insurance companies without some forms of costs or copayments. These apparently include certain forms such as emergency contraceptives as well as IUDs. The majority of insurance companies have been required by the Affordable Care Act to provide full coverage for birth control so that policyholders will…

No-fault auto insurance changes move rapidly through Michigan Senate

April 20, 2015April 20, 2015 G. Turner

The Republican-led Senate has passed legislation that would alter the laws in the state quite dramatically. After having made a series of adjustments in the last moment, the Republican-led Michigan Senate has made some changes to the no-fault auto insurance law in the state which has caused massive controversy over the last few years. The final vote on Senate Bill 248 that aimed to make these changes to the current system was 21 to 17. The changes to the laws surrounding the no-fault auto insurance system have arrived following a…