Live Insurance News

Louisiana seeks to provide homeowners insurance policyholders with options concerning hurricane deductibles

July 24, 2014July 22, 2014 S.Vagus

State Farm’s hurricane deductibles spur request from state’s Insurance Commissioner State Farm has announced that it has begun reviewing a request from Louisiana Insurance Commissioner Jim Donleon regarding homeowners insurance. The Commissioner has issued a request to the insurer concerning the offering of a second deductible option for hurricanes. Commissioner Donelon notes that hurricane deductibles have become common in coastal states, where hurricanes are somewhat frequent. State Farm recently introduced a 5% deductible for its homeowners insurance policies in Louisiana. Deductible has attracted controversy from homeowners The deductible is meant…

Florida may become home for private flood insurance

February 11, 2014February 8, 2014 Logan B.

Florida lawmakers seek to open up the market to private insurers Flood insurance rates may remain stable in the U.S. for a time as federal lawmakers begin investigating ways to reform the federal program that provides flood protection, but many homeowners are still concerned about the financial impact of flood coverage and the federal program’s ability to actually honor the policies it represents. The National Flood Insurance Program is currently crippled by massive debt. While the program has been able to pay claims thanks to the support of emergency spending…

Small business health insurance exchange may be coming to Mississippi

August 1, 2013July 30, 2013 Logan B.

Mississippi commissioner has plans for a state-run health insurance exchange Mississippi Insurance Commissioner Mike Chaney has a new plan concerning the state’s health insurance exchange. Chaney was recently involved in a controversial political battle with the state’s Governor regarding compliance with the Affordable Care Act and how the state’s exchange system should be formed and managed. Chaney had initially intended to run the state’s health insurance exchange himself, without the support of Governor Phil Bryant. This plan was rejected by the federal Department of Health and Human Service, but Chaney…

Health insurance concerns worsen in Mississippi

May 29, 2013May 28, 2013 Logan B.

Mississippi health insurance exchange is the source of worry for regulators Health insurance continues to be a controversial issue in the U.S. and Mississippi Insurance Commissioner Mike Chaney has begun expressing strong concerns over the Affordable Care Act’s ability to provide affordable coverage to consumers. The Commissioner has begun to voice his doubt as to whether people will actually be able to receive health insurance coverage when they enroll in the state’s health insurance exchange in October of this year. The state is had sought to operate its own exchange…

Affordable Care Act spark dispute in Mississippi

January 19, 2013January 19, 2013 S.Vagus

Mississippi Governor Phil Bryant Affordable Care Act

Mississippi officials clash over provision of Affordable Care Act Mississippi is one of the states opposed to the Affordable Care Act. Since the law was passed in 2010, the state has been working to derail health care reform. Now, the state is embroiled in a dispute that has actually slowed the implementation of the law in a significant way, threatening to put the law off its carefully scheduled timeline. Governor Phil Bryant and Insurance Commissioner Mike Chaney are behind the dispute. Governor and Insurance Commissioner not seeing eye-to-eye While both…