Missouri earthquake insurance market is getting very shaky

Missouri earthquake insurance - US Flag, Missouri Flag, Jefferson National

The state D.O.I. published a new report showing the lack of high-magnitude tremor readiness. A new Missouri earthquake insurance report was recently published by the state’s Department of Insurance (D.O.I.), highlighting some troubling details about the market there. The “Earthquake Insurance Market Report” showed a lack of preparedness in the event of a large quake. The Missouri earthquake insurance report revealed some troubling facts about the readiness of the state’s market to recover if a high magnitude quake should occur. This is particularly worrying as the southeast of the state…

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Allstate aims to raise insurance premiums in Georgia

Commercial Insurance rates

Allstate bypasses rate proposal process to increase premiums Allstate customers in Georgia may see their  insurance premiums spike, according to the Georgia Department of Insurance. The insurance company is planning to implement rate increases on some policies, with premiums rising by as much as 58.3%. According to Insurance Commissioner Ralph Hudgens, this is the first time he has seen such a rate hike. Moreover, the proposed rate hike has not been approved by the Department of Insurance. Insurance Commissioner claims Allstate bypassing the proposal process is unfair Hudgens notes that…

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Health insurance for same sex couples in Indiana causing confusion

same sex gay marriage health insurance

Since a judge struck down the unconstitutional ban on gay marriage on Wednesday, hundreds have been married. While those hundreds of new same sex couples have been legally married in Indiana, they still face some confusion regarding health insurance benefits, as the state continues to await the decision regarding Attorney General Greg Zoeller’s filing for a stay. Until that decision is made these newlyweds don’t know whether their health benefits cover each other. At the moment, there does not appear to be any clear answer to whether or not the…

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Insurance jobs to become widely available in Ohio

Insurance Jobs

By the year 2020, it is estimated that the industry in the state will require another 26,000 workers. A recent news prediction has revealed that a large number of insurance jobs will be opening up in Ohio as the industry expands considerably between now and the year 2020. This according to a career awareness programs that involves the participation of thirteen insurers. This group, called Insuring Ohio Futures, expects that in just over a half decade, the industry within the state will require an additional 26,000 insurance jobs to be…

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Ensuring your insurance claim gets paid

insurance industry claims

Insurance claims can be tricky Insurance claims are generally straightforward, but they can become quite tricky to manage, especially when natural disasters strike. When a person falls ill and must receive medical care or when a property is damaged by a powerful storm, an insurance claim is generated. These claims are not approved by insurance companies outright and insurers typically investigate the claims they receive to ensure that they are not fraudulent. At times, even honest claims are rejected by companies because the claimant did not provide enough information or…

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North Carolina homeowners insurance companies called to justify rate increases

North Carolina Insurance News

North Carolina homeowners insurance becomes target of regulatory action Insurance companies in North Carolina are being called upon to justify a proposed increase in insurance rates. According to the state’s Department of Insurance, many homeowners insurance providers have proposed an average rate increase of 18% throughout the state. The proposition has caused some turmoil amongst consumers who consider such an increase to be unfair. Insurance Commissioner Wayne Goodwin is now calling upon North Carolina homeowners insurance companies to provide more information on why they believe the rate hikes to be…

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Homeowners insurance rate hike to face the public at a hearing

Insurance Commissioner Wayne Goodwin - Homeowners Insurance

The state commissioner has requested that insurers not raise prices until after the meeting. Wayne Goodwin, the commissioner for North Carolina, has stated that any decision regarding increases in homeowners insurance rates will need to be held off until after June 3, 2013, when a public hearing has been set. The commissioner is seeking the public’s insight before potentially massive increases occur. According to Goodwin, he and his staff worked throughout the weekend, on top of a great deal of overtime that they have already been putting in, in order…

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