Live Insurance News

New legislation could impact health insurance in Kansas

March 4, 2014March 1, 2014 Logan B.

Legislation seeks to place federal funding under the control of the state Legislature and governor New legislation is being considered in the Kansas Legislature and it may create some problems for people seeking financial aid for their health insurance coverage. The legislation aims to place all funding provided by the federal government for health care services under the control of the state’s lawmakers and governor. Insurance Commissioner Sandy Praeger has warned Kansas residents that the legislation could make it much more difficult for them to receive the federal financial aid…

Kansas Insurance Department struggles with financial woes

February 6, 2014February 3, 2014 S.Vagus

State agency faces a troublesome financial issue that could cause regulatory problems The Kansas Insurance Department has encountered a serious financial problem. A trend in which state legislators would waive the fees that insurance companies must pay the Insurance Department has left the agency’s regulatory fund empty. Now, the agency is seeking approval from the Kansas Legislature to increase the fees that insurers must pay to operate in the state. Senate Bill 322 has been introduced in order to provide the agency with the power to increase these fees when…

This week in Insurance News Headlines

April 11, 2013 S.Vagus

Live Insurance News Video – This week in the headlines… Stories we covered in today’s headlines along with notes and highlights… Title: Consumer satisfaction in homeowners insurance sector continues to climb Insurance agents will be happy to hear that the latest report in from J.D. Powers makes note of consumers satisfaction is higher than ever when a claim is reported to the agent first opposed to them being redirected to the insurance company. The study shows that consumer satisfaction is climbing despite the problems that recent natural disasters have…

Crop insurance program changes are supported by some farmers

February 28, 2013April 30, 2013

Some growers in Kansas are giving the nod to a bill that would decrease newly converted land subsidies. Although it would be natural to expect that farmers would be entirely against legislation that would place a tougher limit on crop insurance subsidies, there are some that are expressing their belief that the move is indeed designed to protect their interests over the long term. The changes to the subsidies would mean a reduction for grasslands that had not previously been agriculture space. These changes have to do with the Protect…

Kansas must take action on health insurance benefits before it’s too late

September 13, 2012 S.Vagus

Insurance Commissioner Praeger on Health Insurance

Insurance Commissioner Praeger urges action on health insurance benefits Kansas Insurance Commissioner Sandy Praeger claims that the state must take decisive action on the health insurance benefits it will provide consumers per the Affordable Care Act. States have until October to inform the Department of Health and Human Services (HHS) what the minimum benefits residents can receive through policies sold through health insurance exchanges. If states cannot meet the deadline, the HHS will determine the minimum level of benefits available to consumers, which may not be suitable for everyone. State…