Live Insurance News

Veterans health insurance may be dropped by 600,000 in 2017

October 4, 2016September 30, 2016 Nordstrom

More than half a million vets could find themselves without coverage, say researchers. New research from the (left-leaning) Urban Institute has said 600,000 veterans health insurance policies may cease next year. The reason, said the report, is that in 19 states, Medicaid is not expanding enough to cover the vets. Even with the Medicaid expansion that has already occurred, there continue to be hundreds of thousands of uninsured. The Urban Institute has cautioned that unless the 19 states that have continued to withhold the expansion broaden their programs, there will…

California Insurance Commissioner supports state-level public option

September 26, 2016September 24, 2016 Nordstrom

As large insurers step out of many of the federal exchanges, the state is looking to lead the way with alternative options. California Insurance Commissioner Dave Jones supports a new state-level strategy that could enhance health insurance marketplace competition. The intention is to implement a public option within the state which could possibly make California a guinea pig for launching similar ideas in the rest of the country. “I think we should strongly consider a public option in California,” said Jones. California Insurance Commissioner Jones explained that the state is…

Can Peer to peer insurance startups really insure a home for $35?

September 23, 2016September 21, 2016 Nordstrom

P2P companies are beginning to cause a disruption in an industry worth over a trillion dollars. New peer to peer insurance startup strategies that had never earned much notice are starting to become disruptive to the industry. Among those new insurers is Lemonade, a peer to peer lender. It recently obtained its New York state license as an insurance carrier. Lemonade will be selling exceptionally inexpensive homeowners and renters insurance. The intention of the new Lemonade peer to peer insurance company is to sell policies for well below the standard…

Gap insurance is on its way back

September 16, 2016September 14, 2016 Nordstrom

This additional coverage is gaining popularity among people with high deductible health plans. Before the Affordable Care Act, gap insurance plans had been quite commonplace. However, after the health insurance exchanges opened for business, it looked as though those additional plans were fading away. At the moment, it looks as though those gap plans are starting to make quite the comeback. As the premiums for insurance plans continue to rise, more people are looking to save money by choosing cheaper coverage. They are opting for high deductible health insurance in…

China launches new life insurance products regulations

September 9, 2016September 7, 2016 Nordstrom

china newspaper mobile life insurance products

The country’s official regulator has established new rules to slow the growth of short- and mid-term products. Short- and mid-term life insurance products are now subject to new rules in China. These were shared on an official website notice from the Chinese industry regulator, the China Insurance Regulatory Commission (CIRC). CIRC has been working to be able to reduce the risk associated with the investment into these products. The CIRC’s concern is that if investments are made into stocks and long term assets using funds based on short-term life insurance,…