Car insurance rates and clothing prices affect inflation

clothes car insurance rates

These consumer prices are having a direct impact on the rate of inflation, say economists and analysts. According to recently released American economic data, car insurance rates and clothing prices are impacting the rate of inflation. Not including energy and food, U.S. consumer prices increased by 0.3 percent in January. Food and energy were left out due to their volatility. That most recent price jump represented the fastest monthly increased experienced in a year. The consumer price spike will likely only worsen concerns regarding the financial markets. According to the…

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California health insurance regulators launches investigation into Aetna

aetna california health insurance regulators investigation

The insurer’s coverage practices will be examined by the two different state departments. Two California health insurance regulators have stated their intentions to investigate Aetna’s coverage decision processes. This examination of the insurer is a result of a lawsuit filed by a Californian man. The man filed the lawsuit against the country’s third largest insurance company, alleging improper care denial. The two California health insurance regulators will conduct the investigation in order to help determine whether or not Aetna’s decision processes are acceptable. The opening arguments in the case were…

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Berkshire Hathaway insurance expands commercial offerings into the Middle East

Warren Buffett Berkshire Hathaway insurance business

Warren Buffet’s company has announced its intentions to establish a new office in Dubai. Berkshire Hathaway insurance business is headed for expansion into the lucrative Middle East market. It will be opening a new office in Dubai in order to manage the operations of its commercial products there. Berkshire Hathaway Specialty Insurance (BHSI) released an official statement regarding the decision. The new Berkshire Hathaway insurance office is located in the Dubai International Finance Center (DIFC) and will finally be able to open. The office had been awaiting approval from regulators…

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California earthquake insurance sales skyrocketed last year

Los Angeles California Earthquake Insurance

Californians have been warned for many years, but 2017 seemed to be the year to take action. Scientists have been cautioning homeowners to buy California earthquake insurance for decades. They have been warning that there is a major tremor overdue in the state. However, many Californians have balked at the thought of buying, afraid premiums would be too high. California earthquake insurance, despite the threat of a serious potential quake, has been a very tough sell for insurers and agents. Only about 10 percent of households in the state had…

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Idaho autism insurance reform in spotlight from advocate group

Idaho autism insurance

This is one of only four states in the country without a mandate requiring coverage for those on the spectrum. A new Idaho insurance reform effort is underway as a result of an advocate group that wants to bring the state up to the national standard. There are only four states left in the country that do not require private insurance companies to provide autism treatment coverage. The new movement is designed to encourage reform in autism health insurance coverage. Over the weekend, advocates for Idaho autism insurance met in…

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New commercial cyberattack study underscores importance of business cyber insurance

business cyber insurance

A recent survey revealed that almost half of participating companies had experienced some form of breach within a year. The importance of business cyber insurance is becoming increasingly clear to companies suffering from digital attacks firsthand on a rising basis. A recent study into cyberattacks aimed at companies revealed that almost half had experienced some form of attack within the year prior to the study. There were over 4,000 businesses participating in the survey, almost half of which had been attacked. The research results were included in a report by…

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Michigan auto insurance rates are highest of any U.S. state

Michigan Auto Insurance rates

Newly released survey results show that drivers in the state aren’t wrong about how much they’ve been paying. It shouldn’t come as much of a surprise to know that Michigan auto insurance rates are high. Drivers in the state have been complaining about their premiums for years and lawmakers have made several attempts to alter this situation. A recent survey has confirmed yet again that Michigan drivers are indeed paying more than any other state. The survey confirmed that Michigan auto insurance rates are in fact the highest, on average,…

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Bitcoin theft insurance becomes growing product worldwide

bitcoin theft insurance cryptocurrency

Major insurers worldwide are offering policies to help investors protect against cryptocurrency heists. Bitcoin theft insurance is becoming a growing business as global insurers offer cryptocurrency investors and business coverage against theft. Providers are taking on a number of different challenges as traders pour billions into buying and selling these barely regulated and highly volatile digital currencies. At the moment, only a handful of insurers are selling the policies, but many more are coming soon. Among the Bitcoin theft insurance companies currently selling include Chubb, XL Catlin, and Mitsui Sumitomo…

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Abortion insurance bill moves through Washington Senate

abortion insurance bill Woman Using Her Mobile Phone

The measure is now on its way to the state House, in which previous years have passed it. The Washington Senate recently passed an abortion insurance bill, sending it forward to the House. Should the measure become law, it would mean that insurance companies in the state that offer maternity care would also be required to provide coverage for contraception and elective abortions. Senate Bill 6219 passed the Senate with a vote of 26-22, including the vote of one Republican. In this vote, Senator Joe Fain (R) voted along with…

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New federal insurance bill would require racial disparity study in premiums calculations

driver auto pickup truck federal insurance bill

Congressman from California cites ProPublica and consumer reports auto coverage industry analysis. U.S. Rep. Mark Takano (D-CA) introduced a federal insurance bill last week which requires authorities across the country to take a closer look at auto insurance premiums calculations. The bill cites an April 2017 article co-published between Consumer Reports and ProPublica pointing to racial disparities. The auto insurance racial disparity legislation boasted six Democratic co-sponsors. The federal insurance bill was created partially as a reproach to the Trump administration when it sought to alter the Treasury Department’s Federal…

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