Live Insurance News

Allstate expands critical illness insurance into Canadian employer market

September 25, 2015September 23, 2015 Julie Campbell

Canada health critical illness insurance industry

The insurer has now broadened the reach of this product to help employers to offer added benefits. Allstate Benefits, the top voluntary benefits provider in the United States, has now expanded into Canada to give employers a new way to offer critical illness insurance products and services to their employees. This coverage is meant to enhance the health care services that are already available to all Canadians. According to the Canadian Cancer Society, there will have been almost 197,000 new cases of cancer in the country by the end of…

Major change to Washington health insurance exchange could benefit consumers

September 25, 2015September 23, 2015 Nordstrom

seattle washington health insurance rates industry

Consumers will now pay premiums directly to insurance providers Those purchasing health insurance coverage through the Washington exchange have begun paying their premiums directly to insurers. Previously, consumers were paying premiums to the exchange itself, which then issued these premiums to insurance companies. The change may be a boon for consumers, as many have reported problems in with premiums payments in the past. Trouble paying premiums has lead to some consumers having complications with their coverage and the state is looking to resolve this issue effectively. Many had reported problems…

High deductible health insurance policies are becoming more common among consumers

September 25, 2015September 23, 2015 S.Vagus

Many consumers show favor for high deductible plans because of the money they can save on premiums More consumers are beginning to favor high deductible health insurance plans, especially as employers begin shifting insurance costs to workers. High deductible plans have proven interesting to consumers because they have lower monthly premiums. Cost has been an issue that has prevented many consumers from purchasing health insurance policies. With premiums on the rise, many people are looking for ways to keep their costs down, and high deductible policies may be the best…

Growers are running out of time before the crop insurance deadline

September 24, 2015September 23, 2015 Julie Campbell

The Risk Management Agency of the USDA is reminding farmers that they need to act soon, if they haven’t already. A crop insurance reminder has been issued by the Risk Management Agency (RMA) at the USDA to growers in Alabama who intend to purchase coverage, as the deadline of September 30 is coming up quickly. The deadline applies to the coverage available for a range of different types of crops in different counties. For instance, the crop insurance deadline includes policies in Limestone County for canola, as well as for…

Massachusetts to investigate homeowners insurance rate increases

September 24, 2015September 23, 2015 Logan B.

Senate panel to look into the rate at which homeowners insurance premiums are growing Homeowners in Massachusetts have been reeling from major insurance hikes in recent years. Many insurers have been raising rates by significant margins due to record snowfall over the past winter. Homeowners have expressed their concerns regarding the rate increases, which have placed them under a greater degree of financial stress. Now, state lawmakers are looking into the issue to determine whether or not the rate increases are necessary. Panel will be interviewing insurance professionals and regulators…