Unscrupulous Practices Lead to Stolen Policies and Tax Headaches for Many In an alarming trend across several states, consumers covered by Affordable Care Act insurance plans are finding themselves unwitting players in a dangerous game. Without their knowledge or consent, their health insurance policies are being switched, leaving in their wake potential tax complications and vanished coverage. This epidemic of unsanctioned changes, predominantly observed in Florida, Georgia, and Texas, is stirring both consumer and industry unrest. Government and Industry Responses to Unauthorized Policy Switching and Changes Florida and Texas have…
Read MoreAuthor: Logan B.
State Farm announces new insurance company CEO
The company’s current president Jon Farney will take on the role of Chief Executive Officer Jon Farney, current President of the State Farm insurance company has now been named the next Chief Executive Officer by the State Farm Mutual Board of Directors Farney will officially start as CEO on June 1 Retiring State Farm CEO Michael Tipsord made the official announcement of Farney’s new position at the insurance company. In his announcement, he detailed his lengthy professional relationship with Farney and underscored the care Farney has shown for the insurer…
Read MoreCitizens’ home insurance changes get the nod from Florida lawmakers
Both the House and the Senate have given the green light to a bill about insuring second homes As Florida continues to seek new ways to unload policies from its home insurance company of last resort, Citizens Property, the House gave its approval to a bill that could shift some second homes off the insurer and into the private coverage market. The Senate already gave its approval to the bill HB 1503 was passed unanimously by the Florida House after it had already received the Senate’s approval. Its next stop…
Read MoreFlorida motorcycle insurance gains new pay-per-mile player
The state’s riders now have the added option that Voom has included in their available products Riders in Florida have an additional motorcycle insurance option from which to choose for meeting their coverage needs as Voom Insurance recently announced that it was bringing its pay-per-mile policies to the state. This makes the insurer the only one in Florida selling this type of product Usage-based coverage is available within the state’s automotive market, but this option has been focused entirely on larger vehicles such as cars, SUVs and trucks. The new…
Read MorePGA seeks health insurance plan funding for producers
The Producers Guild of America is making the request to the industry. The Producers Guild of America (PGA) reached out to the industry earlier this month to request funding for health insurance coverage for the working producers in Hollywood. The PGA used its annual awards ceremony as its platform to reach the industry The PGA was speaking to streamers, studios, and other content companies at a large scale for their assistance in providing funding for health insurance for “qualified producers” through the line items of production budgets for movies and…
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