Live Insurance News

Young adults are struggling to understand health insurance

June 24, 2015June 23, 2015 Marc

online health insurance technology exchange

Study highlights a lack of awareness of insurance terms and difficulty navigating HealthCare.gov Young adults may be having trouble enrolling in health insurance exchanges through HealthCare.gov, according to a study from the Robert Wood Johnson Foundation. The study revealed that many young adults had trouble navigating the federal insurance platform, which may come as a surprise considering that this demographic tends to be quite tech-savvy. This difficulty may be the result of the federal network’s structure, which has been criticized in the past for being ineffective. Lack of understanding could…

Commissioner Donelon seeks extension on deadline for flood insurance claims

June 24, 2015June 23, 2015 S.Vagus

Commissioner petitions FEMA to extend insurance claims filing period Louisiana Insurance Commissioner Jim Donelon is petitioning the Federal Emergency Management Agency (FEMA) to extend the deadline for homeowners to submit flood insurance claims. The vast majority of homeowners in the state receive their flood protection from the National Flood Insurance Program and per the provisions of the program these people are required to submit proof of loss forms within 60 days after a flood. This may be a problem for homeowners, however, as many have reported needing more time to…

Current insurance trends aren’t enough protection from climate change

June 23, 2015June 20, 2015 Julie Campbell

Natural Disaster damage insurance trends

Wealthier nations can afford the premiums for coverage but poorer countries don’t have that privilege. The insurance trends that are currently in place do have a focus on providing protection for those who are the most vulnerable against the types of peril that the weather can cause, particularly in the case of farmers who are the primary suppliers of food. But as extreme weather becomes more commonplace, some wonder whether these efforts will be enough. While many believe that the necessary arrangements will be possible to protect against the damage…

Is homeowners insurance Google’s next move, following its Nest announcement?

June 23, 2015June 20, 2015 H. Cutner

The new security cameras could represent an important new step into this market for the company. There hasn’t been very much news about Nest since Google acquired in for $3.2 million back in January 2014, but now it is being seen as Google’s first step toward a larger homeowners insurance play as the smart gadgets company announces some new devices. Though the company is best known for its “learning thermostat” it is home cameras that are now being watched. Nest has now held its first press conference in order to…

22 health insurance co-ops are in danger of financial collapse

June 23, 2015June 20, 2015 Logan B.

Insurance co-ops are in danger in several states Troubling signs of potential financial collapse are being seen in 22 health insurance co-ops established through the Affordable Care Act. A co-op is a non-profit organization through which the same people that own the organization also receive insurance coverage from the organization itself. These organizations tend to be member-run, making them a source of competition for conventional insurance providers that operate a for-profit businesses. Analysis shows that co-ops are experiencing accelerated net losses According to analysis from the Daily Caller News Foundation…