Category: Insurance News Articles

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Hurricane Patricia may not have been as much of a disaster as predicted

Julie Campbell
Hurricane Patricia 2015

Despite the fact that it was the most powerful storm ever seen by the Western Hemisphere, it was not the most damaging. The first reports about Hurricane Patricia that were released over the weekend after the storm made landfall on the west coast of Mexico indicated that there had not been any major damage and that there had not been any deaths. The early reports were cautiously optimistic that the broad efforts to evacuate affected areas saved lives. Even though Hurricane Patricia was the most powerful storm of that nature…

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Federal health insurance exchange opened for previews yesterday

G. Turner
Health Insurance exchange marketplaces

Over the weekend, the marketplace website opened its doors for window shoppers to have a look. Consumers living in the 38 states that are served by the federal health insurance exchange are now able to have an advance look at how the website works and what it will have to offer when the open enrollment period begins with the start of November. This will allow them to get a feel for the new site’s navigation and calculate what out of pocket costs would be. Officials from the Department of Health…

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Colorado health insurance co-op closes its doors

S.Vagus
Colorado Health Insurance

State’s co-op has failed to challenge and order to cease operations Colorado’s largest not-for-profit health insurance provider closed its doors earlier this week. Colorado HealthOP, the state’s co-op set up under the Affordable Care Act, did attempt to save itself from the state’s decision to shut it down, but was ultimately unsuccessful in the attempt. The Colorado Division of Insurance has ordered the co-op to stop writing new policies, citing serious financial issues that the insurer has been facing. The state’s co-op is one of several that will be shutting…

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Auto insurance discount could be in the future for winter tire users

Julie Campbell
auto insurance winter tire pressure gauge

In Nova Scotia, Canada, drivers may soon be benefitting from reduced premiums for putting on their ‘snows’. The provincial government of Nova Scotia in Canada is now looking into new legislation similar to that which is already in place in Ontario, which would require that auto insurance companies offer a discount to drivers who purchase and install winter tires on their cars, SUVS, pickups and vans. At the moment, the regulation has not yet been passed, but it is something that is being seriously considered. In Ontario, the auto insurance…

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Consumers without health insurance will face tax penalties next year

Marc
health insurance cost medical

Open enrollment period is coming, giving consumers a chance to purchase health insurance policies November is coming and in the United States that means that the next open enrollment for health insurance exchanges will begin. On November 1, consumers will be able to find and renew health insurance policies through these exchanges. The federal government expects that several million people will find coverage through these exchanges, but many more will forgo coverage entirely. Health insurance coverage is expected to become more expensive in 2016, with insurers raising premiums. Uninsured consumers…

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