Boxing event insurance will soon be available in New York

boxing event insurance

The sport’s promoters have found themselves placing one date after the next on hold due to a lack of coverage. Boxing event insurance is finally on its way to New York to reduce the struggles faced by the sport’s promoters in the state. At least four dates have already been postponed or placed on hold with the New York State Athletic Commission between January and March. The reason is that it wasn’t clear whether or not it would be possible to obtain coverage for them. Without the right insurance coverage,…

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New York auto insurance companies may be stopped from asking a person’s occupation

New York Auto Insurance

The state regulator is considering implementing a ban on the use of a customer’s job to calculate premiums. New York auto insurance premiums calculations may soon deviate from strategies used by most U.S. states. The industry regulator is currently deciding whether or not to ban the practice of using a customer’s occupation as a factor in calculating rates. The New York Department of Financial Services has asked leading insurers why the practice is used. It has requested this information from Allstate Corp., the Geico unit at Berkshire Hathaway Inc., Progressive…

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PolicyGenius establishes another foothold in the insurance industry through latest round of funding

health insurance industry employer work

Company has raised $15 million in funding PolicyGenius, a comparison insurance brokerage based in Brooklyn, New York, has announced that it has raised $15 million in its latest round of funding. The funding will allow the company to extend its insurance comparison insurance services, allowing it to provide consumers with better access to price comparisons and quotes. PolicyGenius specializes in life insurance, long-term disability insurance, renters insurance, and pet insurance. Companies like PolicyGenius are beginning to find more success in various markets and the overall insurance industry is beginning to…

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Legislation in New York secures health insurance access for pregnant women

pregnant mothers women health care

Governor signs bill allowing pregnant women to enroll for coverage through state’s exchange New legislation signed by New York Governor Andrew Cuomo will ensure that pregnant women will be able to enroll in the state’s health insurance exchange whenever they please. Originally, pregnant women would have to wait for the exchange’s open enrollment period in order to find coverage. Those with qualifying life events can enroll for coverage whenever they want, but the state did not consider pregnancy to be such an event until the new legislation was signed into…

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

New York Health Insurance

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…

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

health insurance for student

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…

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Health insurance rates to rise in New York in 2016

Health Insurance rate increases

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…

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New Yorkers struggle to find health insurance coverage

New York Health Insurance

Federal law has helped make insurance more affordable, but not for everyone Many of those living in New York are still unable to afford health insurance coverage, despite the provisions of the Affordable Care Act. The federal law provides many people with subsidies that can offset the cost of coverage, but even with subsidies, New Yorkers are finding it difficult to afford the policies they need. A recent survey from the Robert Wood Johnson Foundation found that cost is the greatest barrier preventing people from purchasing health insurance coverage. Majority…

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New York home to third highest auto insurance premiums in the country

auto insurance fraud

Study shows that auto insurance premiums in New York are higher than the national average New York is a notoriously expensive state, with a high cost of living and an abundance of luxuries that few other states can rival. For drivers, the costs associated with living in New York are all too clear. According to a study from InsuranceQuotes.com, the state is home to the third highest auto insurance rates in the United States. Though New York falls behind both Michigan and Rhode Island in terms of insurance premiums, this…

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New York officials seek reforms to flood insurance

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Officials want to see reforms made to the National Flood Insurance Program New York officials want to see more reform come to the U.S. National Flood Insurance Program, as well as how flood coverage is handled overall. Assemblyman Phil Goldefer and Senator Chuck Schumer are calling for significant reforms, hoping to address the crippling financial issues that have plagued those that were affected by 2012’s Hurricane Sandy. The hurricane caused significant damage to property in New York and other states. The storm left many homeowners in financial stress, as their…

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