Live Insurance News

Florida may do away with its no fault auto insurance system

December 28, 2015December 27, 2015 S.Vagus

No fault system could come to an end in 2019 Florida lawmakers are considering putting an end to the state’s no fault auto insurance system. New legislation could put an end to this system in 2019 and is meant to address the increasingly problematic issue of insurance fraud. Insurers have faced fraud in the state for some time, with some suggesting that the no fault system is to blame. Fighting fraud is becoming a major priority for state officials, who want to see premiums come down for the state’s drivers.…

Report shows Texas is lagging behind in bringing health insurance to consumers

December 23, 2015December 21, 2015 S.Vagus

New report highlights the fact that Texas is falling behind the rest of the country when it comes to reducing the uninsured population Rice University’s Baker Institute for Public Policy and the Episcopal Health Foundation have released a new report that shows that the number of those without health insurance in the United States has dropped considerably between 2013 and 2015. Notably, however, Texas is lagging behind when it comes to decreasing its uninsured population. The report shows that, across the U.S., the number of uninsured consumers dropped nearly twice…

Earthquakes cause problems for homeowners insurance customers in Oklahoma

December 21, 2015December 20, 2015 S.Vagus

Oklahoma homeowners are beginning to feel pressure associated with earthquakes Earthquakes in Oklahoma are beginning to cause some problems for those with homeowners insurance. The Oklahoma Insurance Department notes that many homeowners may be surprised to discover that their homes are not actually protected against earthquakes. The state has been experiencing an increasing frequency of earthquakes in recent years, with some state officials suggesting that tremblers may be linked to the controversial practice of fracking, which involves the use of oil injection wells. Most homeowners may lack the needed earthquake…

New Yorkers have more time to enroll in state’s health insurance exchange

December 18, 2015December 16, 2015 S.Vagus

State extends enrollment deadline to ensure more people have the insurance coverage they need Those living in New York will have more time to purchase health insurance coverage through the state’s exchange in order to ensure that they are covered on January 1, 2016. The New York State of Health is eager to see more consumers enroll for coverage and avoid facing a federal fine associated with being uninsured. With the enrollment activity that the state’s insurance exchange has been experiencing this month, state officials are hoping that the extended…

Insurance industry shows favor for safe vehicles from foreign automakers

December 16, 2015December 15, 2015 S.Vagus

auto Insurance industry IIHS Safety Crash Test

Insurance Institute for Highway Safety releases latest edition of its safety report The Insurance Institute for Highway Safety has released its latest safety report concerning vehicles the insurance industry deems to be the safest for drivers. How safe these vehicles are can have a major impact on auto insurance costs while also ensuring that consumers are protected against disasters. The Insurance Institute for Highway Safety has made it more difficult for automakers to win a top safety rating through the introduction of tougher safety criteria. Automakers must comply with stricter…

Health insurance premiums set to rise in South Carolina

December 14, 2015December 12, 2015 S.Vagus

Thousands of consumers will be affected by higher health insurance premiums Several thousand consumers in South Carolina are likely to see their health insurance premium increase in 2016. The majority of rate increases are expected to be seen by those enrolling in the state’s insurance exchange, where insurers are looking to recover from financial losses by raising premiums. In some cases, consumers may be paying hundreds of dollars more for their health insurance policies. This may place many people under a great deal of financial pressure, which may drive some…

Health insurance companies seek approval for merger in Florida

December 11, 2015December 10, 2015 S.Vagus

Large insurers intend to merge, but seek approval from Florida regulators Two of the largest health insurance companies in Florida are petitioning lawmakers to approve their merger. Aetna and Humana intend to join together, creating a larger insurance organization. The merger has generate some controversy, with consumer advocacy groups suggesting that the merger would lead to higher health insurance rates and fewer options for those that need coverage. These concerns have been shared by some lawmakers, who are convinced that the merger would be in the best interests of the…