Harvard twin study reveals impact of environment and genetics on insurance rates

Insurance Rates - Harvard University

Researchers examined the impact of the environment and genes across 560 common conditions. The results of a new Harvard Medical School (HMS) twin study examined the way different factors affect insurance rates. The research was conducted in conjunction with the University of Queensland in Australia. The method used in order to examine the factors involved in calculating insurance premiums was novel. The researchers used twin data sets provided by Aetna insurance company. That insurer did not provide funding for this study. Instead, the insurance rates research was supported by grants…

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Massachusetts auto insurance rates may rise due to legalized pot

auto insurance rates could rise from legalized marijuana

Drivers in the state can expect to see rising premiums regardless of whether or not they us marijuana. Massachusetts auto insurance rates are expected to rise across the state as a result of legalized marijuana. This is the case regardless of whether an individual driver actually uses it, say industry experts. Crashes increase in states where the sale of recreational marijuana is legal, says a recent study. According to data from a recent auto insurance rates study, crashes occur more frequently in states allowing recreational pot use, reported the Boston…

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Michigan auto insurance rates are highest of any U.S. state

Michigan Auto Insurance rates

Newly released survey results show that drivers in the state aren’t wrong about how much they’ve been paying. It shouldn’t come as much of a surprise to know that Michigan auto insurance rates are high. Drivers in the state have been complaining about their premiums for years and lawmakers have made several attempts to alter this situation. A recent survey has confirmed yet again that Michigan drivers are indeed paying more than any other state. The survey confirmed that Michigan auto insurance rates are in fact the highest, on average,…

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North Carolina homeowners insurance rate hike paused for now

Releigh, Capital of North Carolina homeowners insurance rates

The NC insurance commissioner declined the price increase for the moment, but the halt is temporary. A recent request for a North Carolina homeowners insurance rate hike has been declined. This saves state residents from having to pay an average of 18.7 percent more for their home coverage. That said, the reprieve from the increased prices is only a temporary one as the rates will eventually rise. In the state, its commissioner must approve any North Carolina homeowners insurance rate changes. Though the industry requested the rate hike, it was…

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Health insurance premiums and deficit climb with Trump’s mountain of threats

donald trump health insurance executive order

The Congressional Budget Office released a statement outlining the financial impact if the president goes ahead with his plans. Health insurance premiums for the most popular plans are going to spike by 20 percent in 2018 if President Trump moves forward with his current threats to the Affordable Care Act. This data was released by the Congressional Budget Office. It also said Trump’s plans would harm the federal budget deficits by increasing them by $194 billion. The federal deficit would suffer by nearly 200 billion over the next ten years…

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Georgia auto insurance rates are headed through the roof yet again

georgia auto insurance news

For the third consecutive year, Georgian drivers will face higher premiums for their coverage. Georgia auto insurance rates are headed skyward once again, making this the third year in a row drivers in the state are paying more. This also makes it the third straight year that Georgia drivers have faced the highest insurance rate increases in the country. For many drivers, this situation has become frustrating but is no longer considered to be surprising. Last year, Georgia auto insurance rates saw the highest increase in personal lines among all…

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Life insurance premiums may soon be selfie-based

selfie life insurance premiums

Facial recognition technology could be used to better understand a person’s overall wellness. Selfies have become exceptionally commonplace, but these self-portraits may soon have an impact on life insurance premiums. In fact, as facial recognition and analysis technology continues to improve, it may one day determine whether or not someone even qualifies for a policy. The reason is that selfies provide a great deal of information about a person’s health and aging. The various details picked up by a selfie, such as drooping skin, fine lines and wrinkles, contours and…

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