Live Insurance News

Health insurance navigators are available in North Carolina

December 26, 2014December 23, 2014 S.Vagus

Navigators can help consumers find coverage through the state’s health insurance exchange Those looking to purchase health insurance coverage from the North Carolina insurance exchange will be able to find additional help from navigators. These navigators are individuals trained in the various services that the exchange offers and can be instrumental in helping people find the coverage that is most appropriate for their situation. By law, navigators cannot work directly with insurance companies in order to avoid any conflict of interest. Instead, these people are associated with non-profit organizations. Navigators…

Homeowners insurance rate hike request in North Carolina denied

December 24, 2014December 22, 2014 Julie Campbell

North Carolina Homeowners Insurance Rates

The state has refused a recent request made by the industry to increase the premiums paid by policyholders. Wayne Goodwin, the Insurance Commissioner in North Carolina, has now denied the request made by the homeowners insurance industry, which had been for an average of 25.6 percent on the rates paid by policyholders across the state. This ruling followed a hearing that was held over 12 days, in October and into November to consider the proposal. That was the first homeowners insurance hearing of its kind that has taken place in…

Insurance news from North Carolina looks like rates may head upward

October 24, 2014October 22, 2014 G. Turner

Insurers in the state have proposed raises in homeowners premiums at an average of 25 percent. In North Carolina, recent insurance news is showing that homeowners policies may soon be rising in price as companies have been filing to increase their rates by an average of 25 percent. Insurers have said that the current homeowners insurance rates are inadequate to cover damage claims and projections. The commissioner in North Carolina has now made an insurance news announcement that the office has opened up a public hearing that will take place…

New health insurance plan coming to North Carolina

September 26, 2014September 23, 2014 S.Vagus

Releigh, Capital of North Carolina homeowners insurance rates

Carolinas HealthCare System set to introduce new insurance plan with the aid of Blue Cross Carolinas HealthCare System has announced that it is collaborating with Blue Cross and Blue Shield of North Carolina in order to offer a new health insurance plan for individuals. The plan is called BlueLocal and will be available to consumers beginning on January 1, 2015. The insurance plan is specifically designed for those under the age of 65 that want to receive their medical care through Carolinas HealthCare System and its affiliated medical professionals. BlueLocal…

Homeowners insurance controversy is brewing in North Carolina

August 25, 2014August 23, 2014 Logan B.

Homeowners issue complaints regarding rising insurance rates Homeowners in North Carolina are voicing their concerns over some insurance companies raising premiums over the state-approved maximum. In many parts of the state, homeowners insurance is becoming more expensive due to a loophole that exists in the state’s laws. This loophole allows insurers to send “Consent to Rate” notifications to homeowners that are about to renew their insurance policies. These notifications inform homeowners that their rates will be going up more than state law would allow for normally. Consent to Rate becomes…