Sketchy force-placed insurance cause HSBC to have to pay homeowners back

G. Turner
forced placed insurance homeowners

Property owners in Massachusetts who were sold this coverage through dubious practices will receive $2.7 million. HSBC, a national mortgage lender and servicer, has now agreed to pay a total of $4 million as a result of its force-placed insurance practices, according to Massachusetts Attorney General Maura Healey. This payment was the outcome of a settlement in a case in which HSBC was accused of inappropriate practices. These practices related directly to its sale and management of force-placed insurance. It involved allegations that HSBC had been receiving various forms of…

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Changes to Kentucky Medicaid program may make health insurance more expensive for consumers

Logan B.
Kentucky insurance exchange health insurers

Rand Paul wants people to pay for the coverage they receive through Medicaid Senator Rand Paul has announced that he will aid Kentucky Governor Matt Bevin in acquiring a waiver from the federal government to allow the state to charge Medicaid recipients for the health insurance coverage they receive. Senator Paul suggests that the Medicaid program is a financial burden, and if consumers do not pay for the coverage they receive the program may no longer be viable. The senator wants the state to move away from the Medicaid program,…

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Is winter leaving your tires with low pressure?

Julie Campbell
Woman And Car winter travel seat belt cutter safety low pressure

With the cold settled in, drivers are reminded to use digital tire pressure gauges to stay safe on the road. Throughout the winter season, the cold temperatures can cause low pressure in tires that can reduce your handling on the roads. When road conditions are already limited from snow, slush and ice, and when visibility is reduced from blowing snow, late sunrises and early sunsets makes it more important than any other time that you be able to keep control while behind the wheel. Each of those limitations makes it…

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New health insurance option may be coming to Wyoming

S.Vagus
Wyoming Health Insurance

Wyoming may study the financial impact of opening up the state’s insurance plan to residents Those living in Wyoming may have a new option when it comes to health insurance coverage. The Wyoming Department of Health may study the possibility of allowing all those living in the state to join its existing insurance plan. The state’s Joint Appropriations Committee has approved to add the study to a two-year budget legislation that has been introduced. Lawmakers want to task the Department of Health with building a report concerning the financial impact…

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Travel insurance inquiries spike from Zika virus concerns

Julie Campbell
mosquito zika virus travel insurance

Vacationers and business travelers, alike, are looking into coverage to give them peace of mind. According to a recent data release, calls regarding travel insurance have skyrocketed from airline travelers who are worried about the type of medical care they would receive if they were to be infected with the Zika virus while away from home, how much that care would cost, and whether or not it will provide them with the opportunity to cancel their plans if they are headed into an area where infections are known. People heading…

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