College dorm insurance season has arrived

college dorm insurance students

Parents and students alike are considering whether they need this additional coverage. College students are preparing to move out of their parents’ homes and dorm insurance is among the considerations many must face. Parents and students alike are looking into the potential risks that could cause a student’s electronics and other possessions to be damaged or stolen. These student residence policies typically cover laptops, mobile devices and other tech as well as other possessions. Many students enjoy the peace of mind offered by dorm insurance because it goes beyond covering…

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Student insurance policy tips for parents

Back to school supplies student insurance policy

It’s back to school shopping time again and pupils are being reminded not to forget the right coverage. As college students head to the back to school sales to make sure they have the right supplies and tech, parents are looking at student insurance policy tips. These are very important as the top crime on American college campuses is theft. Due to the presence of large amounts of technology, burglaries and thefts involve much higher values. At one time, burglaries meant there was a risk to a walkman or possibly…

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Iowa public universities owe millions to insurance company

college student health insurance accident

The post secondary institutions have refused to pay for a health plan subsidy program but they still owe the money. Public universities in Iowa have been standing their ground and refusing to pay an insurance company millions of dollars in fees which would cover a program meant to provide residents with medical risks with a subsidy for their health plans. The universities had been billed for the fees but until now have refused to fork over the money for it. That said, the Iowa Supreme Court recently ruled that the…

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Health insurance program at University of Central Arkansas to change

health student insurance program College

The board of trustees at the college has voted to alter the design in order to become a self-insured model. The board of trustees at the University of Central Arkansas has now put the school’s health insurance program in the spotlight as it will be changing the current design for employees to one that is based on a self-insured model. The changes that have been made to the coverage program will go into effect in January. When the insurance program changes were put to a vote, they were passed unanimously…

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Renters insurance is among the top recommendations for college students

Renters insurance

Once again, this year, students heading off to college are being advised to make sure a policy is in place. College students that head out to live on their own for the first time can sometimes find it difficult to believe that the worst can, in fact, happen, and that their possessions can be the victim of those disasters, so they are being reminded to purchase renters insurance in order to protect themselves against those potential losses. There are many responsibilities that these students face, but protecting themselves from losses…

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University of Toledo student insurance no longer required

health student insurance program College

There is no longer a regulation for enrollment, but it remains possible to voluntarily enroll if desired. The student insurance that used to be required for everyone going to the University of Toledo has now been changed to a voluntary coverage, which is available to anyone who Is taking at least one credit hour per semester. The reason behind the decision is that many of the students attending the university no longer require the coverage. The reason is that because of the federal health care reforms, student insurance often overlaps…

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College insurance protection now often extends to rape scandals

college dorm insurance students

Institutes of post secondary education are now purchasing coverage for new kinds of risk. As students return to their campuses, this fall, they may discover that college insurance policies are now taking an entirely new shape due to the shifts that are taking place in the culture of these communities. These schools are becoming increasingly aware of the risk that sexual attacks can have when they occur on campus. For that reason, these schools have taken a number of steps to change the way in which accusations of abuse are…

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Insurance refund total of $2.75 million and a fine to be paid by insurer

Health Insurance Refund

A company based in Virginia will be issuing the payments on top of a $1 million fine after being caught overcharging. An insurer based in Virginia will be sending out an insurance refund that totals $2.5 million on top of a fine that will cost almost $1 million in order to settle the claims that have been made that indicate that it had been overcharging students in New York. Estimates are that there were approximately 22,000 students from 37 New York colleges that were overcharged. The insurance refund and fine…

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Michigan State University requires its students to purchase health insurance

Michigan State University has now joined five other schools among the “Big Ten” in adding mandatory health insurance to their requirements for their students. This regulation will function by requiring new students who are starting school at MSU for the first time to either find their own health insurance policy or be billed by the school, which will then provide the coverage for them. According to Kent Cassella, a spokesperson from MSU, “We have partnered with Aetna to devise a specific plan, that’s an MSU sponsored plan for $1,505 a…

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Penn State sex scandal may send ripples through the insurance industry

The recent sexual abuse allegations surrounding Pennsylvania State University have sparked concerns amongst insurers regarding risk. While most of the attention regarding the situation has been aimed on those responsible, insurers have been considering what to do to account for the risk and liability that seems to be inseparable with state universities. Moody’s Investor Services Inc., a ratings agency based in New York, has said that the damage to the university’s reputation may take years to repair. The agency has said that it is considering lowering Penn State’s bond rating,…

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