Live Insurance News

2024 ACA health insurance premiums in Alaska to rise by 16 percent average

November 27, 2023November 24, 2023 Marc

Consumers are reminded that most people will receive subsidies to cover most of that increase. Alaskan residents using the federal Affordable Care Act (ACA) health insurance marketplace will be experiencing an average increase in premiums of 16 percent for their coverage next year. This increase is lower than what Alaskans experienced for this year’s increase, which was 18 percent. There are several reasons that have combined to cause health insurance companies to raise the rates they charge for coverage next year. Though higher overall costs of care and a rise…

California market loses yet another homeowners insurance company

November 20, 2023November 19, 2023 Marc

The state has been struggling with a rapidly shrinking market due to considerable challenges. California is losing yet another homeowners insurance company from its market as a company owned by the second largest home insurer in the state announces that it will be ceasing operation in the state. This will leave tens of thousands of property owners looking to find new coverage. Farmers Direct Property and Casualty Insurance Company, an insurer owned by the second largest homeowners insurance provider in California’s property market, has surrendered the Certificate of Authority it…

Is long-term care insurance worth it for people after retirement age?

November 16, 2023November 15, 2023 Marc

long-term care insurance - Retirement plan

Many people let the coverage go when it is no longer a part of their employment benefits. Though many people consider long-term care insurance to be important coverage while they are still employed, it is commonplace to drop the policy at retirement age, when people tend to want to reduce their daily living costs and coast off the funds they’ve saved throughout their working lives. That said, many financial experts are cautioning that this trend might not be the best to follow. There are a number of reasons that many…

Nevada holds public webinar to address high auto insurance rates

November 6, 2023November 3, 2023 Marc

The state scheduled the webinar to be open to the public to address rapidly rising premiums. The Nevada Division of Insurance recently held a live webinar to provide the public with an opportunity to discuss the rising cost of auto insurance in the state. The event on the subject was held on November 1 and ran from 10:00 am through until 11:30 am. The webinar was meant to address the rapidly rising auto insurance rates in the state, which have been climbing as has been the case across the country.…

Florida home insurance crisis is cutting into real estate market

November 2, 2023November 1, 2023 Marc

Property buyers are stepping back from otherwise affordable homes due to high coverage costs. Home insurance agents aren’t the only professionals feeling for their clients as rates continue to rise to crisis levels in Florida. Real estate agents are also finding that their customers are frustrated with the additional expense of a prospective new house when they see what their premiums would be. Floridians looking to buy their dream houses aren’t just stressed about the price of the property. Property prices are already climbing fast, but even among those who…