Author: S.Vagus

California lawmakers consider tax package targeting state health insurance program

S.Vagus
California health insurance

Lawmakers aim to support Medi-Cal program with ambitious tax package Lawmakers in California may opt to take action on a tax package that aims to prevent a gap of $1.1 billion in the state’s health insurance program. The California Senate and Assembly are considering three pieces of legislation during a special legislative session, which was called last year in order to adjust taxes on insurance plans. The federal government has announced that it will discontinue support for the state’s Medi-Cal program if lawmakers are not able to effectively address tax…

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New auto insurance monitoring system has come to Louisiana

S.Vagus
auto insurance woman female

Monitoring system aims to ensure that police can enforce insurance requirements A new auto insurance monitoring system has been put to effect in some parts of Louisiana. The system is meant to be used by law enforcement to ensure that drivers have the coverage they need in effect. Per law, all drivers must have their vehicles insured. This coverage lapses when they do not pay their premiums, but it can take some time for this information to update through conventional channels. The new system will help police better enforce the…

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Earthquake insurance legislation introduced in Oklahoma

S.Vagus
Earthquake Insurance

New legislation may force insurers to honor claims associated with man-made quakes Earthquake insurance is becoming a major issue in Oklahoma. Lawmakers have introduced new legislation that would prevent insurers from denying claims for damage caused by man-made earthquakes. These disasters are becoming increasingly common due to hydraulic fracturing, also called “fracking.” This process is used to harvest natural gas from the earth and has been linked to seismic activity in the state. Lawmakers want to ensure that consumers are adequately protected from such disasters and that their insurance policies…

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Driverless vehicles may be a threat to the auto insurance industry

S.Vagus
Driverless self-driving car Google auto insurance

Allstate predicts that autonomous cars will have an impact on the insurance industry Driverless vehicles may pose a potential threat to the auto insurance industry, according to Allstate. The company has filed its annual 2015 report, suggesting that autonomous cars could impact the industry in a significant manner. These vehicles are equipped with technology that take the human equation out of driving. Most car accidents are caused by human error, which makes the need for insurance coverage quite abundant. Allstate is concerned that autonomous vehicles will reduce the need for…

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New legislation in Florida aims to close ride-share auto insurance gap

S.Vagus
auto insurance car ride share uber lyft

Senator Simmons introduces new insurance legislation to address ride-share concerns in Florida New auto insurance legislation concerning ride-share companies, such as Uber and Lyft, is making progress in Florida’s legislative process. The legislation, sponsored by Senator David Simmons, is heading for the state’s Senate, where lawmakers will determine its feasibility and whether or not it is a good fit for the state. According to Senator Simmons, the legislation is a work in progress and changes may be made to it in the future. Lawmakers are becoming increasingly concerns of potential…

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