Live Insurance News

Alaska lawmakers pass autism health insurance bill for children

April 17, 2012May 27, 2012 Nordstrom

Health insurance news update for Alaska The Alaska Legislature has passed a new bill that aims to expand the health insurance coverage for children to include treatment for autism. The bill, SB 74, was passed in the House on Sunday with a vote of 36-6. The legislation is designed to provide children who suffer from autism insurance coverage for treatments regarding their specific case. These treatments can include a wide range of speech and physical therapies. Alaska is not the first state to begin adopting such a law – 34…

California hearing focuses on workers compensation system

April 12, 2012May 28, 2012 Nordstrom

At a recent hearing in Sacramento of California’s Assembly and Senate brought focus to the state’s workers compensation insurance system. The hearing lasted for more than four hours, much of which was spent exposing the shortfalls of the state’s current system and highlighting the need for extensive reform. California’s Worker’s Compensation Institute (CWCI), a non-profit organization that writes worker’s compensation policies for the state, attended the hearing in order to share its views on the current problems facing the system and to discuss the issue of reform. During the hearing,…

Liberty Mutual announces new disability insurance benefits to assist mid-sized businesses

February 29, 2012February 29, 2012 Nordstrom

Liberty Mutual Insurance has unveiled its new Benefits Select product line in an effort to better serve mid-sized businesses and the employee benefits consultants and brokers who work with them. The Benefits Select group disability product suite is designed to be a cost-effective way for these employers to be able to offer more attractive passengers to current and potential employees so that they will experience better retention while still keeping an eye on the bottom line. According to the chief operating officer at the group benefits unit of Liberty Mutual…

Chartis to cancel 3,000 insurance policies for Australian soldiers in Afghanistan

January 30, 2012January 30, 2012 S.Vagus

Chartis Insurance, an international insurance group based in the U.S., has announced that it will be canceling the death and disability insurance policies of some 3,000 Australian soldiers serving in Afghanistan. The move is spurred by a shrinking insurance pool and a high rate of cancellations and payouts on claims. The company, which is a subsidiary of AIG, claims that the cancellations were necessary in order to continue providing benefits for holders of health policies. The problem, however, is that the Australian government is now left to handle the cost…

Florida to join the Interstate insurance Product Compact

January 4, 2012January 4, 2012 Nordstrom

Florida may be the latest state to join the Interstate Insurance Product Compact, a program established in 2006 in order to improve consumer protection and hasten the accreditation process for new insurance products. Currently, 41 states have joined the program, all of which have adopted universal standards regarding application procedures concerning life insurance and long-term disability coverage products. The program does not account for health insurance, but Florida legislators may seek to include these products into the program if the state joins. The Insurance Product Regulation Commission, a multi-state agency…

Supplemental health insurance plans to cover you through the ski season

December 18, 2011December 18, 2011 Marc

As soon as that first flake of snow hits the ground, many people across the United States take their skis out of storage and just wait for the announcement that their favorite hills have opened their runs, but there are some additional considerations that these enthusiasts should make aside from the condition of their ski equipment. Even if you already have health insurance, you may still find it worthwhile to consider additional accident insurance as it will help to cover some of the expenses that standard coverage will not; for…

Association of British Insurers says that cyclists are unaware of the severity of road cycling risks

December 4, 2011May 7, 2013

The Association of British Insurers (ABI) has released a statement that urged cyclists to obtain insurance as inadequate coverage could lead them to face significant expenses if they are ever found responsible for causing an accident or if they are injured as a result of an accident. A spokesman for the ABI, Malcolm Tarling stated that it is quite likely that a cyclist will be injured if he or she is ever involved in an accident. He added that every month, there are 230 cyclists seriously injured or killed on…