Live Insurance News

Insurance industry in California receives new approval

May 1, 2013April 30, 2013 Nordstrom

Lawmakers have given their approval to a couple of consumer protection bills for discrimination prevention. The lawmakers in California have just sent a couple of consumer protection bills to Governor Jerry Brown, which – if signed – will change the health insurance industry in the state by preventing insurers from discrimination against individuals who have pre-existing conditions, and placing a limit on the amount that they will be able to charge older people. These bills are meant to change the laws in California in order to have them match federal…

Health insurance documentation to go digital with Medlio

April 29, 2013April 28, 2013 Nordstrom

Medlio aims to modernize health insurance information As the lives of consumers becomes more digital, health insurance is becoming weighed down by archaic documentation that is proving more cumbersome than useful. Medlio, a startup based in Philadelphia, Pennsylvania, has been working to make health insurance documentation more accommodating to the digital age. The startup has been developing a system that may replace the traditional cards that are used to identify a consumer’s health insurance coverage, providing these consumers instead with digital documentation that may prove more convenient. Digital documentation could…

Homeowners insurance bill swoops through Florida Senate

April 17, 2013April 16, 2013 Nordstrom

Bill addressing homeowners insurance races through Florida Legislature Last week, a controversial legislation concerning homeowners insurance flew through the Florida Senate. The legislation received strong backing from the state’s lawmakers, whom have become exceedingly involved in the problems surrounding the state’s Citizens Property Insurance organization. The state-run insurer, which accounts for the majority of the homeowners insurance policies in Florida, has been, thus far, unable to address its own problems, leading lawmakers to get more involved in these issues and create legislation designed to put some of these problems to…

Health insurance rates expected to jump in California

April 3, 2013April 4, 2013 Nordstrom

Health Insurance Rates California Expected to Rise

Health insurance may soon get more expensive for individuals Californians can expect to see major changes to their state’s health insurance market next year as the Affordable Care Act becomes fully enacted. Covered California, a non-profit, pseudo-government group that will be managing the state’s health insurance exchange, has released a new study concerning the effects the health care law may have on the individual market. The study suggests that prices for health insurance coverage in the individual market are going to experience some volatility in the coming year, with some…

Health insurance rules outlined for California exchange

February 19, 2013February 19, 2013 Nordstrom

California officials share glimpse at future of health insurance market The California health insurance exchange is beginning to take form and consumers are finally getting a glimpse at what kind of policies will be provided through the system. The state has chosen to build and operate the exchange itself, accepting federal financial aid for the effort. This week, state officials have begun to provide some information concerning the kind of health insurance policies that will be available in the exchange beginning October of this year. Exchange to offer plans in…