Health insurance policies throughout US could face cancelation

Logan B.
Health Insurance policies

Affordable Care Act may cause mass cancellation of health insurance policies In the U.S., the Affordable Care Act is meant to make health insurance coverage more available to a wider range of consumers. The federal health care law initially received strong praise for its provisions that would allow consumers to find the health insurance coverage they needed without being met with staunch rejection from private insurance companies. The problem, however, is that the law’s provisions may actually lead to many people losing their health insurance coverage as the law takes effect in…

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Insurance news study results show people with coverage use hospital less

Julie Campbell
insurance news

The research compared hospitalizations among those who had health plans with those who didn’t. According to the results of a new study that are making insurance news headlines, people who have health coverage are far less likely to require hospitalization than those who are uninsured. This data comes at a time when the Affordable Care Act is still trying to show it will be financially worthwhile. The research performed a comparison between the hospitalizations of childless adults who had BadgerCare with those who are completely uninsured. What it determined was…

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Health insurance options still available to young people before 2014

H. Cutner
health insurance marketing young woman

The federal healthcare reforms have established a number of new requirements, which must be understood. The Affordable Care Act has changed a number of the regulations in terms of health insurance, and many of them apply to young adults, who could end up having to pay an increasingly large fine if they don’t obtain the appropriate coverage. Young adults are having to learn about their coverage requirements for the first time in their lives. This age group is dealing with a sudden health insurance requirement. They are finding that they…

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Life insurance customers in India pay 56 percent more if they smoke

G. Turner
nonsmokers homeowners insurance

Non-smokers in the country pay less than half than their counterparts do within that country. The research from Aviva Life Insurance in India has revealed that when a 10 year term plan is purchased by a smoker in India, he or she pays 56 percent more than his or her nonsmoking counterparts. This is because the habit has been identified as increasing a large number of health risks among policyholders. Term plans are the form where only the life insurance amount is paid at the time of a policyholder’s death…

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Insurance industry feeling pressure of more frequent natural disasters

Nordstrom
layoff employment Insurance Industry - Alberta, Canada

Severe natural disasters are causing problems for the insurance industry Severe natural disasters have been being reported in greater frequency around the world. Recent storms in the U.S. have put major strain on the insurance industry, but this is not a trend unique to the country. The Insurance Bureau of Canada has taken note of the increasing severity of weather-related disasters and has announced that it believes such disasters will become significantly more frequent in the coming years. Whether the insurance industry is capable of withstanding a high frequency of…

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