Tag: Connecticut

Flood insurance costs continue to rise in Connecticut

Marc
fema flood insurance law

Homeowners are facing the real possibility of having to pay more for their flood protection Some homeowners in Connecticut are facing the possibility of having to pay significantly more for their flood protection as the Federal Emergency Management Agency continues to revise its flood maps. These flood maps are used to determine the flood risks of particular parts of the country. The maps are also used to price flood insurance protection, which is typically acquired through the National Flood Insurance Program. FEMA has been revising its flood maps recently in…

Read More

Health insurance fraud spikes as exchanges go live

Logan B.
Health Insurance rate increases

Health insurance regulators are combating a tide of fraud Health insurance exchanges throughout the U.S. have proven popular with consumers, but many people may be at risk of falling victim to fraud and misleading tactics by those that seek financial gain. The New Hampshire Insurance Department has sent a cease and desist letter to an insurance brokerage based in Arizona this week. The company is being accused of misleading New Hampshire residents into thinking that it represented the state’s health insurance exchange. The company’s website has since been taken down,…

Read More

Aetna pulls out of New Jersey health insurance exchange

Logan B.
New Jersey Health Insurance

Company opts to not participate in state health insurance exchange Aetna, one of the largest health insurance companies in the U.S., has announced that it will not be participating in the New Jersey health insurance exchange. The exchange is set to begin open enrollment on October 1 this year, and is meant to provide consumers with access to affordable health insurance plans. Aetna was expected to be a prominent participant in the exchange, but disagreements with state officials may have discouraged the company from participating in the state’s exchange. Aetna…

Read More

Health insurance mandates make coverage expensive in Connecticut

Nordstrom
Connecticut health Insurance

Connecticut health insurance mandates could make coverage expensive through exchange In Connecticut, the state’s health insurance exchange, called Access Health CT, is set to begin open enrollment on October 1 of this year, with coverage to go into effect on January 1, 2014. Like other health insurance exchanges throughout the country, Connecticut’s system has been the subject of some controversy, but not for the reason that similar programs have been scrutinized. Where much of the criticism concerning health insurance exchanges has to do with the cost and ability for these…

Read More

Auto insurance frustration spawns new legislation in Connecticut

Dan
connecticut auto insurance

Lawmakers continue to grow frustrated over lack of compliance with auto insurance laws Connecticut lawmakers have been expressing frustration when it comes to the state’s ban on talking and texting on mobile devices while driving. The law is meant to cut down on activities that could distract drivers and cause accidents, but many drivers have chosen to ignore the law entirely. This has caused lawmakers to consider a more aggressive approach on the matter by highlighting the financial aspects of car accidents. Legislators believe that the prospect of higher auto…

Read More