Auto insurance for self-driving vehicles is a hot topic in California

S.Vagus
Self driving car auto insurance

State regulators are beginning to show more attention to insurance issues involving automaked vehicles Self-driving cars could become more common in the future and this may have an impact on auto insurance. The California Department of Insurance is advising the state’s insurance companies to prepare for the eventual proliferation of automated vehicles. Insurance Commissioner Dave Jones has been gathering data about these vehicles and the technology behind them, hoping that insurers will use this data to adapt more quickly to a future where drivers are a thing of the past.…

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Oil insurance payout of $750 million for Transocean sought by BP

Julie Campbell
bp oil insurance

The company is attempting to use a technicality to convince a court to permit them access to policies. BP, which has paid over $28 billion in order to cover the costs of the oil spill disaster in the Gulf of Mexico, which occurred in 2010, is now attempting to receive $750 million of that amount back again by working to convince a court in Texas that it should be able to access oil insurance that covered Transocean Ltd. BP is hoping that a missing comma would show that it is…

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Crop insurance claims are starting to be submitted for damaged wheat

H. Cutner
us crop insurance program

Farmers in many areas have found their fields struck by frost, causing considerable issues for harvest. The crop insurance claims have now started to be filed in higher numbers as a result of the wheat that has been damaged by the frosts that have struck several parts of the country, and many agents feel that the numbers will continue to climb. Some agents think that this year will see a higher number of claims of this nature than other years. North Dakota was especially affected by the recent frosts. While…

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Thousands could lose their health insurance coverage in the US

Marc
health insurance industry

By the end of September, 115,000 people could lose their insurance coverage The Obama Administration has warned that as many as 115,000 people in 36 states could lose their health insurance coverage by September 30. This is due to unresolved data problems involving citizenship and immigration status. When insurance exchanges began their open enrollment period last year, millions of people applied for insurance coverage. The government suggests that a portion of these enrollees supplied false or incomplete information when using an exchange. The Department of Health and Human Services has…

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Health insurance rates on the rise in Alaska

S.Vagus
Alaska health insurance

Insurance companies file for rate increases on individual policies sold in the state Health insurance companies in Alaska have filed for significant increases in premiums for the coverage that they offer for individual, non-subsidized coverage. State law tasks the Alaskan Division of Insurance with regulating rate increases, and the agency has, thus far, granted approval for rate increases averaging 37%. Rate increases will affect policies that go active in January 2015 and these rate increases will affect policies sold through the state’s health insurance exchange. Division of Insurance comes under…

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