Tag: insurance marketplace

Worldwide property and casualty insurance market to break $895 billion in 2018

H. Cutner
Property and Casualty Insurance

Finnacord has now released the results of a research study looking into the future of the commercial P&C market. According to the outcomes of a research study conducted by the Finaccord financial research firm, by the close of the year 2018, the global commercial property and casualty insurance market will break the $895 billion mark in gross written premiums. It also pointed out that commercial liability coverage premiums would see the fastest growth rate. By the end of 2014, the worldwide commercial non-life premiums for property and casualty insurance were…

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California health insurance exchange marketing takes off on bus tour

Julie Campbell
California health insurance

Officials have been using this new method to help to promote the marketplace across the state. On Sunday, the head of the California health insurance exchange boarded a bus in order to tour Los Angeles and spread the word about the benefits that residents of the state can enjoy through the Affordable Care Act. Many people in California have yet to take part in the health care law’s requirements. A large proportion of the people who have not yet been participating in the California health insurance exchange are in the…

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Federal health insurance exchange opened for previews yesterday

G. Turner
Health Insurance exchange marketplaces

Over the weekend, the marketplace website opened its doors for window shoppers to have a look. Consumers living in the 38 states that are served by the federal health insurance exchange are now able to have an advance look at how the website works and what it will have to offer when the open enrollment period begins with the start of November. This will allow them to get a feel for the new site’s navigation and calculate what out of pocket costs would be. Officials from the Department of Health…

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Health insurance exchange website security gets a boost

G. Turner
Health Insurance Exchange

The Obama administration has responded to criticisms from civil liberties advocates with strengthened protection. Following criticism that the Obama administration has received from civil liberties advocates, it has now stated that it will be strengthening the security of its health insurance exchange website, just as a new open enrollment period is about to begin. The page will now feature a new “privacy manager” that will offer users additional control. According to a blog post by Kevin Counihan, the CEO of HealthCare.gov, the federal health insurance exchange website, the site will…

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State run insurance exchanges face current and future financial struggle

Julie Campbell
health insurance exchange

Lower enrollment and higher costs are causing disappointment for some of the marketplaces. Many of the state run insurance exchanges are facing some disappointing results after their first year and a half in fully operational existence, after lower than expected enrollment and high costs have led them to face a number of challenges. The issues being faced could lead these insurance marketplaces to make considerable changes. Among those changes may be that they will hand the control over the insurance exchanges to the federal government. It has also been suggested…

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