Health insurance companies are withdrawing from many U.S. markets

health insurance company online exchange

A number of insurers have been stepping out of a number of areas they have deemed to be unprofitable. The Affordable Care Act may be experiencing a shift in the health insurance companies that are continuing to participate in some marketplaces next year, particularly when it comes to those selling plans in rural areas. This may leave the residents of certain areas with health plan options from a single insurance company in 2017. According to state regulators, the online insurance exchanges that are central to the ACA in Alaska and…

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California insurance premiums for health plans could spike by 8%

california insurance premiums

The rates for 2017 may be noticeably more expensive for residents of the Golden State. California insurance premiums may be heading upward next year according to an estimate that has been produced by the state’s exchange, to the point that the average person would be paying 8 percent more. Should this estimate be accurate, it will double the average increase seen over the last two years. This year and last year, there were increase to California insurance premiums, but they were a notably lower 4 percent. This latest forecasted increase…

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First mobile units with insurance adjusters head to Fort McMurray, Canada

Fort McMurray wildfire insurance adjusters

As the wildfire that has eaten much of the city begins to move in a new direction, insurers are sending in teams. On Sunday, the massive wildfire nicknamed “the beast” started to stabilize after causing catastrophic devastation in the Canadian city of Fort McMurray, and insurance adjusters are now being deployed in mobile response units being flown in from across the country. This will be the initial wave of experts who will start to assess the widespread damage to Fort McMurray. The majority of insurers have natural disaster and crisis…

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Millions of dollars in life insurance benefits owed to unknowing Californians

agent discussing life insurance benefits

There are thousands of people living in the state who are owed large amounts of unclaimed money. Officials in California have now said that thousands of people across the state are owed millions of dollars in life insurance benefits – sometimes in amounts that are greater than $100,000 – and that many of these individuals have no idea that this money is owed to them. The California Controller’s Office said that some insurance companies haven’t made any effort to find beneficiaries. According to the Controller’s Office, in many cases, there…

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Insurance industry jobs get a trendy makeover to appeal to millennials

best insurance workplace industry jobs

Iowa brokerage Holmes Murphy is taking aim at old stereotypes of dullness and daily tedium. The vice president of Iowa brokerage Holmes Murphy, Cameron Burt, is more than familiar with the reputation of dullness that is associated with insurance industry jobs, but at a time when it is becoming difficult to fill these positions, his firm is seeking to show the millennial generation that times have changed. The image of an insurance job doesn’t seem to have changed for two solid generations, losing all appeal. However, Burt and his firm…

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Life insurance companies now selling to HIV patients in US and Canada

HIV life insurance companies policy AIDS red ribbon

John Hancock in the United States and Manulife in Canada have both announced the lifting of the exclusion. On Friday, HIV patients received some good news from life insurance companies in the United States and Canada, as John Hancock Insurance and Manulife have both stated that they will be removing their exclusion for these patients. This is the second insurer in the U.S. to make this announcement and the first ever in Canada. On Friday, John Hancock Insurance said that it will be offering its policies to people who are…

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Fibromyalgia blood testing covered by rising number of insurance companies

research health insurance chronic illness

A little-known test that can help to confirm the presence of the condition is now being paid for by insurers. Fibromyalgia is an extremely tricky condition and despite the fact that the vast majority of the conventional medical community accepts that it exists and is looking into discovering the best treatments for patients who suffer from its range of symptoms, insurance companies had previously held back from covering many of the tests associated with diagnosing it. Now, a blood test exists that can help to point to fibromyalgia in many…

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LARP insurance policy designed for safer adventuring

Knight armor LARP insurance policy

It can be dangerous being a wizard or warrior on a quest, so LARPers have found coverage in the real world. Live action role playing (LARP) has become a tremendously popular pastime for players across the country and, to an increasing extent, around the world and now these players and their events are able to find an insurance policy to protect them throughout their adventures. Although the costume-clad players are taking part in fictional battles, it is not impossible for real-world injuries to occur. The characters they are playing may…

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Professional liability insurance is becoming more popular among American police

Police professional liablity insurance

A growing number of U.S. law enforcement officers are protecting themselves against lawsuits. The largest police union in the United States, the Fraternal Order of Police, has recently reported that law enforcement officers are buying professional liability insurance on an increasing basis as a result of concerns over being sued for their actions while on duty. In the span of one year, running from July 2014 through July 2015, there was a double-digit increase in coverage. Within that span of time, the union reported that members buying professional liability insurance…

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Greek insurance market is taking a dive

greece travel insurance

The situation in the industry in Greece looks as though the trend is to continue slipping. Last year, the insurance market in Greece took a significant hit as the number of people in the country who cashed in savings based policies broke all previous records of that nature. That trend revealed a solid decline of the state of the insurance industry within the country. This appears to be yet another casualty of the economic crisis in Greece. The reason is that as people have watched their disposable incomes withering, they…

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