Affordable Care Act decreased health insurance racial disparities, study

Racial disparities - Images of People

New research shows that Obamacare has made coverage more accessible to black and Hispanic adults. The Affordable Care Act (A.C.A.) caused a substantial reduction in racial disparities within health insurance access and coverage. This was particularly true among black and Hispanic adults, said a Commonwealth Fund report. The trend was particularly prevalent in the states that broadened their Medicaid eligibility. Before the Affordable Care Act went into effect, racial disparities were found to be substantially larger than what is reflected in the most recent available data. In 2013, the gap…

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US lawmakers aim to stop DNA test results from access by insurance companies

DNA test results - DNA - Gene - Cell

Millions of Americans are using services to examine their genetic backgrounds. Over 26 million people across the United States have used voluntary services to obtain DNA test results. Now, lawmakers are moving to protect those same consumers against a federal legal loophole. The legal loophole would permit certain insurance companies to connect customer genetic data. Florida lawmakers have already launched the first step to shut that loophole. The goal is to protect consumers from being required to provide their DNA test results if they do not want to. Using genetic…

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Social media influencer insurance becomes vital for online personalities

Social Media Influencer Insurance - Laptop Instagram

Commentators, reviewers, bloggers and other are now exposed to many unexpected risks. A growing number of insurers are now offering special social media influencer insurance products and packages to help online personalities to cover themselves against several risks. This new form of coverage is meant to protect influencers against their unique liability exposure. Coverage through social media influencer insurance is a new form of solution for that industry. It moves beyond the traditional forms of business coverage which don’t quite represent the types of risk faced by those writing and…

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Cigna and Oscar Insurance Partnership to Sell Small Business Health Plans

Small Business Health Plans - Doctor with stethoscope

The insurers have announced they will be launching the products in several U.S. markets. Cigna and Oscar Health have announced their intentions to launch small business health plans across a number of commercial markets in the United States. The partnership intends to move forward with the move together, letting them split the potential risk. Oscar is an insurance company best known for selling individual plans on the Affordable Care Act’s exchanges. The company has been seeking to broaden its offerings in a growing number of American individual and small business…

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Will State Farm lose its US auto insurance dominance to Geico?

US Auto insurance - Hands and car

If current trends continue, the United States will have a new top vehicle insurer by 2022. For decades, State Farm has held onto the top spot among US auto insurance companies. That said, if recent trends keep up as they have been, it won’t be long before it loses its crown to a much younger rival. State farm has suffered business losses as a result of several steep rate hikes in recent years. The leader in US auto insurance has suffered steep losses after a spectrum of notably large rate…

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FCA watchdog issues serious warning to the UK insurance industry

UK Insurance industry - Lloyd's of London

The Financial Conduct Authority’s caution follows on the heels of major admissions at Lloyd’s. The Financial Conduct Authority has issued a stern warning to the UK insurance industry to clean up its act. It warned insurer bosses that they had better eliminate their unacceptable behaviors and improve diversity among their numbers. The FCA’s warning comes with a threat to the jobs of the commercial insurance company bosses. This warning to the UK insurance industry arrives shortly after the 2019 admission from Lloyd’s of London of cases of sexual harassment and…

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App developer business insurance steps beyond general coverage

App Developer Business Insurance - Computer IT

IT application developers are at risk of several forms of liability and should be properly covered. Whether you are a one person operation or you have grown to employ several teams, app developer business insurance has various vital layers of coverage for your company. Your operations expose you to a number of liabilities that could be financially catastrophic. By purchasing the right app developer business insurance, you make certain that if the unexpected happens, it won’t place your company at risk of ending. As you grow, it is important to…

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