Live Insurance News

Auto insurance premiums reduction sought by Consumer Watchdog

November 19, 2012November 17, 2012 Julie Campbell

California Low Income Auto Insurance Program

The group claims the agency running the car policy program is seeking to charge $40 more than necessary. According to a Consumer Watchdog actuarial analysis, California drivers who are in the low income bracket and who maintain a good driving record should be paying 3.9 percent less on their car coverage premiums through the Low Cost Auto Insurance Program. The analysis was just submitted to the California Department of Insurance. The auto Insurance Commissioner in the state is now performing an annual review in order to decide whether or not…

Insurance news in Oklahoma includes delays in Affordable Care Act decisions

November 19, 2012April 30, 2013

Insurance News Mary Fallin, Governor of Oklahoma

State Governor Mary Fallin has postponed the choice regarding the health plan exchange. Though the insurance news from each state regarding the decision they have made as to how their health exchanges would be run had an original deadline of Friday, November 16, 2012, Governor Mary Fallin of Oklahoma has delayed the announcement of her choice. This decision has to do with a central part of the Affordable Care Act, the online marketplace. Alex Weintz, a spokesperson for the governor, released an insurance news email that stated that “Governor Fallin…

Covered California exchange program set in stone

November 17, 2012November 17, 2012 Nordstrom

Covered California plan approved by governing board The board that is meant to govern California’s efforts to build its own health insurance exchange have approved the operational plans for the program. This is a major step towards the state running its own health insurance exchange program and complying with federal deadlines. The California Health Benefit Exchange board, which has changed the name of the exchange program to Covered California, has sent its approval for the operational plans to the Governor’s Office, which is expected to forward these plans to the…

Alabama health insurance exchange nixed

November 16, 2012November 15, 2012 S.Vagus

Alabama health insurance exchange plans put to rest by Governor Bentley Alabama will not build its own health insurance exchange, according to Governor Robert Bentley. The Governor released a short press release this week detailing his views on the exchange program and why the state will not build its own. The state is required to host a health insurance exchange per the Affordable Care Act. The state can, of course, opt out of building its own exchange, but the federal government will be responsible for building the Alabama health insurance…

National Flood Insurance Program may be ready for a bailout

November 16, 2012November 15, 2012 Dan

FEMA weighs bailout option for National Flood Insurance Program Though Hurricane Sandy has passed, the Federal Emergency Management Agency (FEMA) is still in the throes of managing the impact of the natural disaster. One of the most significant problems facing the industry in the wake of the powerful storm is the damage it has done through flooding. Floods fall squarely in the realm of the National Flood Insurance Program, a federal insurance provider that accounts for the vast majority of the country’s flood insurance policies. FEMA may be pressured to…