Tag: Minnesota insurance

Minnesota set to fight insurance fraud

Logan B.
Auto Insurance Fraud

Lawmakers are taking steps to fight fraud in the insurance sector Lawmakers in Minnesota are beginning to focus on ways to cut down on insurance fraud. According to state officials, many people come to the state in order to exploit loopholes that exist in current laws, hoping for financial gain on fake medical claims and targeting other insurance sectors. Lawmakers are now drafting legislation that would provide the state’s Commerce Department with an anti-fraud unit, which would work to combat insurance fraud in Minnesota. New anti-fraud unit will help combat…

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Health care reform snapshot shows early view of MNsure 2015 premiums

G. Turner
America's health insurance plan

Minnesota is now getting ready to release this early view of what is to come in the market next year. The Minnesota Commerce Department is currently getting ready to release an early snapshot of what can be expected from the health care reforms in the state for next year, which will include the insurance premiums. This snapshot is designed to reveal the prices that will be seen on MNsure, the state insurance exchange. The data that this health care reform snapshot will provide will offer consumers in Minnesota an idea…

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Homeowners insurance premiums in Minnesota need only one claim to spike

G. Turner
Home prices are down but insurance prices are up!

The cost of the coverage within the state will jump after even a single claim has been made. According to the results of a recent study, filing just one claim is enough to cause the premiums for a homeowners insurance policy to skyrocket in the state of Minnesota, which was the highest rate of increase in the country following one claim. In fact, the research showed that after a claim, the average increase in premiums was 21.2 percent. That figure is according to a homeowners insurance report that was issued…

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Insurance News Broadcast

S.Vagus
insurance news video

  Welcome to our Live Insurance News Broadcast! Join us every week as we annouce news Fresh Of The Press! Catch this week in the industry…   Check out a summary of today’s headline articles as well as a link directly to the source! Health insurance exchange approved in Minnesota Early this week, Minnesota lawmakers passed a legislation that calls for the creation of a health insurance exchange that is managed by the state. Opponents of the state-run health insurance exchange argue that it will simply be too expensive for…

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Minnesota making significant progress on its health insurance exchange

S.Vagus

Minnesota health insurance moves ahead with exchange system. Minnesota is making significant progress on establishing its health insurance exchange system. The state has determined that it will continue building an exchange despite the uncertain future of the Affordable Care Act. The federal health care law requires each state to build its own exchange by 2014 or risk losing control of the exchange effort to the federal government. Though the state is committed to building an exchange, the burden of the process falls on the Minnesota Department of Commerce instead of…

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