Live Insurance News

Health care providers begin promoting health insurance coverage

July 1, 2014June 28, 2014 Marc

Some health care providers are seeing major benefits from the expansion of insurance coverage Health care providers are beginning to see major payoffs from the expansion of health insurance coverage throughout the U.S. thanks to the Affordable Care Act. The federal law has made insurance coverage more accessible to a wider range of consumers and has also made coverage mandatory. The growing number of people with insurance coverage means that more people are seeking out medical care. For some providers, this is beginning to pay off handsomely. Some hospitals are…

Washington targets discrimination in the health insurance field

June 27, 2014June 25, 2014 Marc

Insurance Commissioner Kreidler sends letter to insurers reminding them of the state’s laws Gender identity is often a controversial issue, especially when it comes to insurance coverage and health care. In Washington, Insurance Commissioner Mike Kreidler is looking to dispel some confusion surrounding this issue. The commissioner has sent a letter to the state’s health insurance companies, reminding these companies that there are laws in place that bar discrimination based on a person’s particular gender identity. In some cases, insurers have run afoul of these laws, denying coverage to some…

Canadian insurance industry is calling for a national flood insurance program

June 24, 2014June 23, 2014 Marc

Insurers are warning of the disastrous impact of climate change and flooding The Canadian insurance industry is beginning to express serious concerns about climate change. Severe flooding struck Alberta in 2013, causing massive damage in many populated parts of the province. These floods were unusual for the time of year in which they occurred. The Alberta government has identified the floods as the worst natural disaster to befall the province, causing some $1.7 billion in financial damage. Insurers are warning that floods, as well as other natural disasters, will become…

Flood insurance enters the limelight as hurricane season begins

June 17, 2014June 15, 2014 Marc

Hurricane season is bringing more attention to flood protection The 2014 Atlantic hurricane season has started, and weather forecasters are predicting that this season may be quite active, but the storms emerging during the season may be modest due to the effects of El Nino. There is no certain way to tell whether or not the hurricane season will be free of any powerful storms, as 2012’s Hurricane Sandy was quite unexpected itself. The impact of an unexpected storm can be devastating, which is why there is a growing interest…

More companies aim to participate in Michigan health insurance exchange

June 13, 2014June 11, 2014 Marc

18 insurance companies are seeking entry into the state’s insurance exchange this year Michigan residents may have more options when it comes to purchasing health insurance coverage through the state’s insurance exchange this year. The Michigan Department of Insurance and Financial Services has announced that it has received policy proposals from 18 of the state’s insurance companies that are interested in participating in the exchange. All but two of these companies have filed proposals for individual policies, with 11 offering small group policies designed specifically for businesses. Regulators are currently…