Flood insurance rates in Florida to spike for some properties

Flood Insurance - FEMA

Non-primary residences are going to be seeing an increase in their premiums for protection against flooding. Although owners of primary residences have been breathing a sigh of relief over recent flood insurance news, the story for owners of rental properties and vacation homes will soon be quite different. The reform bill that passed in Congress in March is working to assist homeowners, but not non-primary residence owners. The owners of non-primary residences could be in for somewhat of a shock, this spring, when they receive their flood insurance policy renewals…

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Homeowners insurance rates set to decrease in North Carolina

homeowners insurance

State Insurance Commissioner opts to reject rate increase proposals from insurance companies Insurance rates for homeowners in North Carolina may not be rising due to action taken by the state’s Insurance Commissioner, Wayne Goodwin. Homeowners insurance companies had sought to raise rates by an average of 35% throughout the state. Last week, however, Commissioner Goodwin decided to strike down rate increase proposals from insurers. This move means that insurance rates will throughout the state are not expected to increase at all on January 1, 2015. Average cost of insurance coverage…

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Health insurance has made it into the holiday shopping season

health insurance industry

Recently released federal data has shown that there are a considerable number of people returning to the exchanges. Aside from enrolling new health insurance customers, one of the most important achievements that the exchanges need to accomplish are to encourage last year’s customers to return in order to purchase their coverage. This holiday shopping season, enrolling through the insurance exchanges is exactly what Americans have been doing. The federal government has recently released data that shows that consumers are returning this year after having used the health insurance exchanges last…

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Insurance news in Iowa reveals struggles as state takes over co-op

Iowa stopgap health insurance plan

CoOportunity Health was established under the Affordable Care Act, but it has found itself in financial calamity. A young health insurer in Iowa, CoOportunity Health, which was established under the Affordable Care Act, is now making insurance news as it has been taken over by the state due to considerable financial struggles. The health insurance division of the state has now had to step in as a result of the co-op’s money woes. The insurance news had originally appeared promising for CoOportunity Health, as it had been established as an…

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Washington health insurance exchange enrollment is growing quickly

washington health insurance exchange

State exchange reports 22,500 new people signed up for insurance coverage, with 70,000 renewals Washington’s health insurance exchange is performing quite well during this open enrollment period. According to reports from the exchange, approximately 22,500 new people have signed up for coverage through the exchange marketplace. Another 70,000 people have renewed the coverage that they purchased through the exchange during the last open enrollment period. Washington residents may have run out of time to purchase coverage that will go into effect on January 1, 2015. Policies purchased after Tuesday will…

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