Insurance news from Hurricane Sandy reveals many struggling with lack of coverage

Homeowners flood Insurance

Uninsured homeowners, renters, auto and business owners are facing massive losses. Though Hurricane Sandy left devastation along the eastern coast of the United States, those who are making insurance news with the most acute financial struggles are the people who did not have coverage for what was lost. Those with policies may have deductibles to face and a long road of recovery ahead, but they’re the lucky ones. When the insurance news involves individuals who have a policy, it is tragic that their home was damaged or that possessions were…

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Health insurance coverage statistics released by Census Bureau

Health Insurance

Estimates for every county have been revealed. The United States Census Bureau has released the data from 2010, which provides estimates regarding the health insurance coverage within all of the 3,140 counties across the country. The Small Area Health Insurance Estimates (SAHIE) are the leading source of this information. In fact, these estimates are frequently considered to be the only ones that can provide any solid information about the health insurance coverage in these areas for a given single year. It is the only collection of data that represents the…

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More than 200,000 UK homes at risk of losing flood insurance coverage as agreement between the government and insurers comes to an end

More than 200,000 homes in England and Wales could go uninsured once a pact between the nation’s flood insurers and government comes to an end in 2013. The Association of British Insurers (ABI) has warned that these homes would have profound difficulty in attaining new flood insurance policies once the agreement comes to a close. The ABI has been examining data provided by the UK’s Environment Agency regarding the potential for severe floods in both regions of the country. The issue has highlighted a major problem in the UK’s insurance…

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Study shows that states could see major benefits from establishing health insurance exchanges

A new study from the Urban Institute, an organization that investigates social and economic problems in the U.S., suggests that Oklahoma, as well as 14 other states, could see major benefits from establishing a health insurance exchange. The study shows that, at this point, Oklahoma has done the least to make progress on the project, apart from states that have refused the law completely. A health insurance exchange would have a significant economic impact for the state and its peoples, according to the Urban Institute. Over the past year, three…

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Commercial health insurance enrollment dropping in Florida, claims annual report

The Florida Health Care Insurance Advisory Board has released its annual report on the rate of enrollment in the myriad of health insurance plans found throughout the state. The report shows that enrollment has fallen by 4.3% in 2010. This marks the fifth consecutive year that enrollment rates have fallen in the state, which means that more people are living without some kind of health insurance. The report makes note of the lingering economic turmoil that is left over from the 2008 recession and how that might be contributing to…

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