DC offers glimpse into health insurance prices through exchange

S.Vagus
Health insurance plan

DC officials aim to provide more insight concerning health insurance exchange Washington D.C. is currently working to establish its own health insurance exchange. Though the District is not actually a state, it is still required by federal law to host a health insurance exchange, through which consumers can find a wealth of affordable coverage options. Exact details concerning the D.C. exchange are somewhat scarce as officials tend to only over some vague insight to the program and how it is being formed. This week, D.C. officials have offered a first…

Read More

Flood insurance rates to spike in New York and New Jersey

Logan B.
national Flood Insurance program tips

Flood insurance rates expected to rise in wake of Hurricane Sandy More than six months have passed since Hurricane Sandy barreled into New York and New Jersey. The two states suffered horrendous damage from the storm, but not from its strong winds. Floods caused the majority of the damage associated with Hurricane Sandy, which has proven to be a problematic issue for the victims of the powerful storm, especially those without flood insurance protection. The uninsured and the uninformed suffered serious losses due to the storm, with most believing their…

Read More

Insurance news from Canada shows Insurers among “best corporate citizens”

Julie Campbell
Insurance News - corporate citizens

Several companies were ranked among the leaders on a list of the top corporate citizens in the country. The official insurance news list of the fifty companies that made the 2013 Best Corporate Citizens in Canada has now been released by Corporate Knights magazine, which looks at a number of different factors as it establishes its ranks every year. This year, the ranks included a number of insurers for their high performances in the various areas. In order to make this insurance news 12 different sustainability metrics are scored on…

Read More

Insurance fraud suspected as false BMV calls emerge in Indiana

H. Cutner
Auto insurance fraud

Warnings are being issued to residents of the state that the calls are not from the bureau. The BMV in Indiana has issued a warning to the residents of the state regarding an issue that could have to do with insurance fraud phone calls that are being received in the area. The bureau of motor vehicles has announced that there have been some suspicious phone calls. Some motorists in the area have been at risk of insurance fraud as a company that is claiming to be the Indiana Bureau of…

Read More

Life insurance settlements in California reach $763 million

G. Turner
Life Insurance

So far, there have been 11 insurers that have joined into the multistate agreement to pay. According to John Chiang, the California State Controller, there have been 11 life insurance companies that have now signed the multistate settlements for unpaid benefits of up to $763 million. These settlements were the result of a half decade investigation conducted by Mr. Chiang and his team. This investigation looked into the compliance that the life insurance industry has maintained with the unclaimed property laws in California. What his research revealed was that companies…

Read More