Live Insurance News

Agents may be responsible for success of state’s health insurance exchange

May 15, 2014May 14, 2014 Marc

Insurance exchange reaches enrollment goals with the help of agents California officials have been boasting about the state’s insurance exchange achieving its enrollment goals, but insurance agents, rather than the exchange itself, may be the reason behind the high rate of enrollments. Covered California has been working to market its insurance services to consumers throughout the state for several months. The exchange encountered modest technical difficulties that had made the enrollment process problematic for many people, but these issues were overcome fairly quickly. Despite other problems, the exchange was able…

Insurance CEOs are getting paid more in wake of health care reform

May 9, 2014May 6, 2014 Marc

Insurance executives may be the ones benefiting most from the Affordable Care Act Chief executive officers from some of the largest health insurance companies in the U.S. have seen their pay skyrocket recently. The steep increase in pay CEOs have been seeing is, somewhat ironically, due to the Affordable Care Act. This is ironic because the insurance companies benefiting from this trend have actually been quite outspoken with their opposition of the federal health care reform law. This issue may go a long way in highlighting just how important political…

Homeowners insurance rates in Kansas are on the rise

May 7, 2014May 5, 2014 Marc

Insurance is growing more costly due to natural disasters in the past Kansas homeowners insurance rates are on the rise and it may be because of storms in the past. In 2011, the state suffered the most financial damaging storm season it has ever seen. An outbreak of tornadoes and hundreds of hailstorms punished Kansas, causing an estimated $1.1 billion in insured losses. The majority of these losses came from damage to homes and properties and 2011 accounted for the costliest financial blow that the state’s insurance sector had ever…

Doctors in Texas find an alternative to health insurance

April 15, 2014April 14, 2014 Marc

Direct primary care model may be ideal for some doctors Doctors in Texas may be pushing for an alternative to health insurance that they call “direct primary care.” Both the state and federal government have been working to address the financial issues of insurance coverage for Texas residents. Insurance costs are high throughout the state, which insurers suggest is due to the rising cost of medical care and various other factors. Doctors, however, believe that the cost of insurance coverage may be prohibiting people from receiving the care that they…

Nevada health insurance co-op proves successful

April 3, 2014April 12, 2014 Marc

Nevada health insurance commissioner State Legislature Building

Co-op manages to find success where similar initiatives have failed As the open enrollment period for health insurance exchanges ends, there has been an unexpected victory in Nevada. The Nevada Health Co-Op was one of 24 consumer oriented and operated insurance carriers to be launched by the Affordable Care Act. These co-ops are designed to be non-profit organizations that provide consumers with public insurance options. The insurer has only been operating since the fall of 2013, but has managed to account for over a third of the state’s insurance enrollments…