Live Insurance News

Amtrak insurance appeal leads to partial victory

September 2, 2016August 31, 2016 Nordstrom

The railroad service has now secured a part win in U.S. appellate court in a case dating back to Superstorm Sandy. The latest Amtrak insurance appeal has left the railroad with a partial victory. This is the result of the newest step from the company to obtain insurance coverage payments following Superstorm Sandy. The massive 2012 hurricane caused over $1 billion in damages to the railroad service. Since that time, Amtrak has been trying to recoup some of those losses through its insurance policies. The latest ruling was in the…

New Yorkers have more time to enroll in state’s health insurance exchange

December 18, 2015December 16, 2015 S.Vagus

State extends enrollment deadline to ensure more people have the insurance coverage they need Those living in New York will have more time to purchase health insurance coverage through the state’s exchange in order to ensure that they are covered on January 1, 2016. The New York State of Health is eager to see more consumers enroll for coverage and avoid facing a federal fine associated with being uninsured. With the enrollment activity that the state’s insurance exchange has been experiencing this month, state officials are hoping that the extended…

Gun insurance requirement in the spotlight in New York

October 22, 2015October 22, 2015 Julie Campbell

Assemblyperson Felix Ortiz (D) is hoping that this liability coverage will boost accountability. In New York state, a Democrat lawmaker from Brooklyn is now working to be able to have a law passed that would require firearm owners to purchase at least $250,000 in gun insurance. The goal is to try to hold “reckless gun owners accountable” through the use of liability policies. Assemblyperson Felix Ortiz believes that his gun insurance bill will make it possible to boost the prevention of the types of tragedies that have happened through mistaken…

Bernard College reports major increases in the cost of its health insurance plan

September 29, 2015September 27, 2015 Marc

School has seen significant increases in the annual costs of its health insurance plan for students New York’s Bernard College has seen the annual cost of its health insurance plan for students skyrocket over the past few years. Students typically use the school’s Aetna Student Plan to receive the coverage that they need, which helps them cover the cost of medical care and medication. Fewer students are beginning to use the plan due to its high cost. During the school’s most recent semester, enrollment in the Aetna Student Plan dropped…

Health insurance rates to rise in New York in 2016

August 6, 2015August 4, 2015 Nordstrom

Insurance premiums are growing for those with coverage in New York Health insurance rates in New York are expected to rise next year. This is a trend that is becoming more common throughout the country, as insurers seek approval to raise premiums in order to recover from financial losses associated with increasingly expensive medical claims. In New York, regulators have been challenging major rate increases and have managed to find some success. As such, rates are expected to increase by a modest degree, well below what the average increase would…