Live Insurance News

State of the Union speech draws attention to wage insurance

January 18, 2016January 17, 2016 Julie Campbell

President Obama brought up the topic of a long history of labor protection and the need for support for the unemployed. During the last State of the Union speech from President Barack Obama, he mentioned the topic of labor protection that has a lengthy history within the country and, within this subject, he brought up the concept of wage insurance. He underscored the importance of work done on the unemployment insurance and job-training programs currently available. Following the statement he made about the need for improvement in unemployment insurance and…

Health insurance gap for Asian Americans is the White House’s latest target

January 18, 2016January 17, 2016 G. Turner

This will be a week of action to try to encourage this community to purchase medical coverage. There has been a notable health insurance gap in the enrollment of Asian Americans as well as those of Pacific Island descent, which has existed since open enrollment first began through the Affordable Care Act in 2013. The White House is hoping to use this week to speak to this ethnic community and provide coverage education. Since the beginning of the Affordable Care Act’s open enrollment period in 2013, the number of people…

Technology is becoming more important to the insurance industry

January 18, 2016January 17, 2016 S.Vagus

insurance industry technology idea innovation

Technology may direct the future of the insurance industry as a whole in the coming years Technology is beginning to play a very important role in the insurance industry. 2015 was the first year in which technology issues took up a significant degree of discourse within the industry. During the recent Property/Casualty Insurance Joint Industry Forum in New York, several insurance experts noted that change is coming quickly to the industry. Insurers will have to prepare to tackle challenges concerning technology in order to continue operating effectively. Volume of data…

North Carolina officials target employers without workers compensation

January 15, 2016January 13, 2016 Julie Campbell

The Industrial Commission has already fined and charged companies operating without proper insurance. In North Carolina, the Industrial Commission, the authority responsible for the enforcement of laws regarding workers compensation, has now started to target employers that have not been carrying adequate insurance in order to comply with the state’s laws. As a result of the crackdown that has been occurring over the last year, $1 million in civil fines have been collected. These civil fines were collected from companies without adequate (or any) workers compensation coverage. Moreover, beyond fining…

Open enrollment for health insurance exchanges is coming to an end

January 15, 2016January 13, 2016 Marc

Deadline for consumers to purchase coverage is rapidly approaching For those without health insurance coverage, time is running out to acquire coverage in the United States. The open enrollment period for insurance exchanges will come to an end on January 31 this year. After the enrollment period is over, consumers will no longer be able to use exchanges to purchase health insurance coverage, except in some special cases. Currently, those without coverage can find policies through HealthCare.gov, the exchange system established by the federal government. Uninsured consumers will face a…