Health insurance exchange in Arkansas draws attention of 4 insurers

Logan B.
Health Insurance rates and care

Four companies have now expressed their interest in selling policies over the state’s online marketplace. The Arkansas Insurance Department has announced that there are now four health insurance companies that intend to be able to sell their policies over the state’s exchange, which is expected to serve over 500,000 residents. The department said that the insurers submitted their letters by the deadline, which was last Monday. The department explained that the health insurance companies each met the deadline in order to indicate their interest in participating in the Arkansas exchange,…

Read More

Auto insurance fraud may be put to rest by driverless vehicles

Nordstrom
Auto Insurance

Driverless cars could be a powerful weapon against auto insurance fraud Auto insurance remains a problematic issue throughout the U.S. Fraud is quite common in this sector, especially in states like New York and Florida, and modern efforts to combat fraud on a legislative level have proven fruitless. The prevalence of fraud is causing auto insurance costs to skyrocket throughout the country, putting more pressure on lawmakers to find a way to crack down on fraud before costs begin to spiral out of control. The solution may be as simple…

Read More

Health insurance rates are on the rise in Ohio

H. Cutner
Ohio Health Insurance Exchange

Residents of the state are projected to see higher bills every month to continue their coverage. According to the latest analysis from the Ohio Department of Insurance, the residents of the state will likely have to pay more money than they currently are for their health insurance coverage once the exchange goes into place. In fact, in some cases, the costs could be significantly higher, depending on the coverage selected. This could mean that people who choose to buy their health insurance through the state run online marketplace could find…

Read More

Insurance news is bright as the fireworks display returns for Mason

Julie Campbell
fireworks safety july 4 insurance news

For a short while, the Michigan city thought it would have to cancel the long running event. The city of Mason, Michigan, has held a fireworks display that entertains thousands of people every year for the July 4th celebrations, but for a span of four days, the insurance news looked bleak as it appeared that the coverage for the event was being withdrawn, cutting off its ability to continue this year. The organizers of the event moved quickly to find out what went wrong and to resolve the situation. From…

Read More

Tornado insurance claims have already surpassed $250 million in Oklahoma

G. Turner
Tornado insurance

Homeowners, property, auto, and other claims have contributed to this massive and growing total. According to the state commissioner, the tornado insurance claims from May in Oklahoma have already risen to the point that they have reached $250 million and they are expecting to surpass that total quite quickly before long. The devastation that was caused in the Oklahoma City area in May was staggering. Since May 19, there have been over 32,000 total tornado insurance claims on various different types of policies. This, according to Commissioner John Doak’s data.…

Read More