The company has just announced its licensing expansion into the state for coastal property coverage. One of the leading coastal homeowners insurance companies in the United States has just announced that its expansion is continuing and that this now includes licensing to sell its policies in Delaware. This will add one more option for property owners in the state and will help to boost competition. According to the president of the insurer, “Coastal coverage for homeowners is a primary focus for us. Delaware has shown continued growth in its beach…
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Health insurance prices in California announced
Consumers can now start to understand what they will be paying when the Affordable Care Act is implemented. California has now released the price that consumers will be paying for a number of health insurance plans that will be offered through the state’s exchange as a result of the Affordable Care Act, which will go into full effect in 2014. These newly released prices offer a glimpse of what the coverage will cost in the rest of the country. Within the federal healthcare law overhaul, Americans who are not able…
Read MoreLong term care insurance applications of boomers rejected
Applicants for the coverage are experiencing a notable downtrend in their acceptance by insurers. The industry has noted a striking trend in the long term care insurance sector, in which applicants for the coverage – particularly in the baby boomer age group – have not been able to purchase the policies because they have been rejected by their insurers. These consumers are being told that LTC coverage is important to their future planning but cannot buy it. According to the data that has just been released by LTC Tree, insurers…
Read MoreThree large insurers opt out of California health insurance exchange
Health insurance companies choose to opt out of exchange program California’s health insurance exchange, called Covered California, is beginning to take shape as it inches closer to becoming fully active at the end of this year. The exchange has been accepting policy applications from numerous health insurance companies throughout the state, all of which seem eager to participate in the exchange system. Three of the state’s largest insurers, however, have decided to opt out of the exchange program, at least for the first year of its operation. Decision could limit…
Read MoreHomeowners insurance sector could see some turbulence this hurricane season
NOAA predictions could bode ill for homeowners insurance sector Hurricane season is nearly here, and that could mean trouble for the U.S. east coast. The National Oceanic and Atmospheric Administration (NOAA) has issued a new report concerning the arrival of hurricane season and what that could mean for states along the Atlantic Ocean. Hurricanes have proven to be a major concern for the U.S. over the past few years, especially when it comes to homeowners insurance and flood coverage. Hurricane Sandy is the most recent example of the damage that…
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