Health insurance enrollment center opens in New Jersey

new jersey health insurance rates

Enrollment center will provide aid to those looking for health insurance coverage A new health insurance enrollment center has opened in New Jersey. The center will be operating six days a week and will provide consumers with assistance in enrolling in the state’s health insurance exchange. Open enrollment for the exchange, as well as those located throughout the country, began at the beginning of November. Consumers looking for coverage will now be able to find the policies that they need through these exchanges, with many expected to qualify for subsidies…

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New Jersey residents are finding it hard to pay for health insurance

new jersey health insurance

Report highlights the good news and bad news for those purchasing coverage through exchanges A recent report from the Centers for Medicare & Medicaid Services shows that enrollments in health insurance exchanges throughout the country remained stable during the last open enrollment period. In New Jersey, however, this could be a double-edged sword. While more people in the state have been able to acquire insurance coverage through the state’s exchange, fewer people are able to keep up with the pace at which insurance premiums are growing. New Jersey exchange continues…

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Proof of auto insurance laws change in New Jersey

auto insurance young driver

The state has now legalized electronic coverage cards at the same time that license plate rules have been altered. Two new laws have now become active in New Jersey that will have an impact on drivers, the first of which involves the way that they can provide proof of their auto insurance coverage and the other has to do with their license plates, which stated that plates can no longer be obscured. The first makes it possible for drivers to provide proof of insurance in an electronic form, such as…

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New Jersey auto insurance is once again found to be most expensive

auto insurance woman female

A report has shown that for yet another year, N.J. drivers are paying the highest premiums for coverage. The results of the annual National Association of Insurance Commissioners (NAIC) study on the cost of auto insurance has now revealed, once more, that the average driver in New Jersey is paying more than motorists in any other state in the country. The average amount that drivers paid for their policies in 2012 was an annual $1,220, higher than any other state. This represents the third year in a row that drivers…

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Law in New Jersey aims to curb auto insurance fraud

Auto Insurance Fraud

New law will place harsher fines on those that commit auto insurance fraud in the state New legislation in New Jersey aims to make auto insurance fraud a more serious crime. State lawmakers have approved legislation that would leverage harsh penalties against those that commit insurance fraud, particularly for those that avoid paying premiums for their coverage. The Coalition Against Insurance Fraud notes that premium dodging is a significant problem in New Jersey, particularly in areas where auto insurance tends to be more expensive. New Jersey is home to the…

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FEMA to seek settlements in flood insurance cases

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FEMA is working to settle several lawsuits regarding flood protection and Hurricane Sandy The Federal Emergency Management Agency (FEMA) is currently working to settle lawsuits that have been issued by victims of Hurricane Sandy. The federal agency manages the National Flood Insurance Program, which came under fire in the wake of Hurricane Sandy. Many of those affected by the disaster saw their insurance claims rejected over technicalities and potentially falsified engineering reports. There have also been complaints that claims were underpaid. These issues have prevented many people from recovering following…

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Flood insurance claims probe sought by New Jersey Senator

Hurricane Sandy Damage flood Insurance surcharge

U.S. Sen. Robert Menendez feels that victims of Superstorm Sandy were shortchanged by insurers. According to U.S. Senator Robert Menendez (New Jersey), the Federal Emergency Management Administration (FEMA) should be conducting an investigation into allegations that are being made that flood insurance companies that have been handling the flooding damage claims from Superstorm Sandy are manipulating the situation in order to shortchange policyholders. Senator Menendez held a press conference from his office in Newark, New Jersey. At the press conference, Senator Menendez called for Craig Fugate, the FEMA Administrator, to…

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Aetna pulls out of New Jersey health insurance exchange

New Jersey Health Insurance

Company opts to not participate in state health insurance exchange Aetna, one of the largest health insurance companies in the U.S., has announced that it will not be participating in the New Jersey health insurance exchange. The exchange is set to begin open enrollment on October 1 this year, and is meant to provide consumers with access to affordable health insurance plans. Aetna was expected to be a prominent participant in the exchange, but disagreements with state officials may have discouraged the company from participating in the state’s exchange. Aetna…

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New Jersey insurance industry showing signs of change in wake of Hurricane Sandy

Inusrance Industry Hurricane Sandy

Insurance industry reforming after disaster Nearly six months after Hurricane Sandy struck New Jersey, the effects that the storm has had on the insurance industry are beginning to manifest. New Jersey is not expressly exposed to natural disasters like tropical storms and hurricanes, but the state has suffered from a direct hit from Hurricane Sandy, as well as tropical storm Irene some time before that. The damage caused by the disasters was immense, leaving thousands without homes and businesses without property. The insurance industry has worked to pick up much…

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Insurance News Video Broadcast

This Week’s Round Up – Insurance News Broadcast for April 4th, 2013 See Notes and Highlights of The Stories Featured in Video: Study claims health insurance rate shock may be coming Health insurance companies throughout the U.S. have been warning of the impending rate shock that could be spurred by the Affordable Care Act. According to the study, health insurance companies are expected to pay out an average of 32% more on payouts for medical claims for individual consumers. Federal officials are questioning the accuracy of the study suggesting that…

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