Category: Insurance News Articles

Posting the most up to date insurance news for both consumers and industry professionals. Learn more about what is going on in your world just by checking out our featured headlines section.

Flood insurance generates more controversy in the US

S.Vagus
West virginia Flood Insurance Coverage

FEMA may push for more disclosure from flood insurance providers The Federal Emergency Management Agency (FEMA) will be examining whether or not it has the ability to force insurance companies to disclose information regarding the potential manipulation of flood insurance claims related to 2012’s Hurricane Sandy.  The powerful storm battered the eastern United States, causing some $68 billion in damage, making it the second costliest hurricane in the country’s history. In the wake of the storm, many insurers have come under fire because of delayed claims payments and rejecting claims.…

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Insurance industry news in Europe reveals considerable stress vulnerability

Julie Campbell
insurance industry statistics business virtual

The EIOPA released the results of a test that it conducted on the sector and showed a “double hit” could be painful. Recent insurance industry news from the European Insurance and Occupational Pensions Authority (EIOPA) has revealed the results of a form of “stress test” that it conducted and which has now shown that this sector has a higher vulnerability to a stress scenario in which there would be a “double hit” combination of a decrease in asset values and a reduced risk free rate. Overall, the testing showed that…

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Medical groups team with Covered California to promote health insurance

Nordstrom
California health insurance

Medical groups to work with state’s insurance exchange to promote coverage among consumers Medical groups are joining forces to promote health insurance coverage in California. The California Medical Association, along with various physician, hospital, and pharmaceutical groups, has partnered with Covered California, the state’s insurance exchange. Together, the groups will be encouraging consumers to enroll in the exchange and receive the insurance coverage that they need. The exchange’s open enrollment period began last month and will run through February 2015. Covered California aims to enroll 500,000 people during current enrollment…

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Children’s Health Insurance Program funding may be in jeopardy

S.Vagus
Children’s Health Insurance Program kids

Congress has to act on reauthorizing funding for CHIP Congress may need to act quickly if it wants to save the national Children’s Health Insurance Program (CHIP). The program’s funding scheme is set to expire soon and this could leave children throughout the United States without access to health insurance coverage. The program’s current funding will run dry next year, but relatively little has been done to address this issue. The burden of keeping CHIP alive is not for Congress alone, of course. States must begin working with insurers and…

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Insurance coverage for in vitro fertilization to end in Quebec

Julie Campbell
in vitro fertility insurance coverage

The Canadian province is making a dramatic cutback in one of its most openhanded fertility treatment public funding plans. Since the creation of the generous public funding program in Quebec, Canada for fertility treatments was first created four years ago, its costs have skyrocketed, causing the province to slash back the insurance coverage that it had been providing for in vitro fertilization. Gaétan Barette, the Health Minister of Quebec recently tabled a bill ending in vitro medicare coverage. The insurance coverage for in vitro fertilization had, for the last four…

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