Live Insurance News

Health insurance exchange site boosts privacy

January 28, 2015January 27, 2015 Julie Campbell

Broad alterations are being made by the Obama administration to keep consumer information safe. According to several reports, the Obama administration seems to be implementing a range of different changes to the federal health insurance exchange website in order to ensure that consumer information is being better protected. This move comes in response to objections that have been made by privacy advocates and lawmakers. The Associated Press (AP) reported that certain details, such as the income of consumers, as well as whether or not they were tobacco users, was being…

Drivers may be paying too much for auto insurance coverage

January 28, 2015January 27, 2015 Nordstrom

Survey suggests that drivers are paying more than they should for insurance coverage Many drivers in the United States may be paying too much for auto insurance coverage, according to a survey from NerdWallet. The survey drew information from 1,000 zip codes throughout the country, including the average rates that insurance companies charge for covering drivers and their vehicles. The survey found that, on average, prices in auto insurance coverage varied by 154% based on zip code. NerdWallet suggests that those shopping around for coverage could find significant savings. Drivers…

Nearly 300,000 people in Michigan enroll for health insurance coverage through state’s exchange

January 28, 2015January 27, 2015 S.Vagus

online health insurance technology exchange

Open enrollment period for state exchanges is coming to a close next month There are only three weeks left in the current open enrollment period for health insurance exchanges in the United States. The open enrollment period exists as a time when consumers can acquire coverage through insurance exchanges that exist in their states. Some of these exchanges are operated by the states themselves, while others are controlled by the federal government. Once the open enrollment period ends, consumers will no longer be able to acquire health insurance coverage through…

Homeowners insurance in Connecticut may be banned from dog discrimination

January 27, 2015January 24, 2015 Julie Campbell

A lawmaker is seeking to make it illegal for insurers to inquire about the breed of a policyholder’s dog. A Connecticut lawmaker is now moving forward in an effort to ban homeowners insurance companies from being able to ask about or discriminate against the breed of a policyholder’s dog, when they are issuing coverage within that state. Republican Rep. Brenda Kupchick is trying to make it easier for certain dog owners to obtain coverage. Kupchick, of Fairfiel, Connecticut, has stated that her constituents have found it challenging to the point…

Insurance industry in China has experienced a profit doubling

January 27, 2015January 24, 2015 H. Cutner

The country saw a profit of 204.7 billion yuan in 2014, which was over twice what was seen in 2013. The insurance industry in China has now recorded a record breaking profit last year, when it recorded a profit of 204.7 billion yuan (about $32.84 billion), which represented more than double the amount that was brought in during 2013, according to data from a regulator. The China Insurance Regulatory Commission released a press document providing insight into the sector’s performance. It showed that the premium investment capital gains from last…