Category: Latest Insurance News Articles

The latest headlines, on all lines of insurance, will be updated and listed here.

Health insurance rates to spike in Kansas

Logan B.
Health Insurance rates and care

Kansas tax plan will lead to an increase in health insurance premiums for those with HMO plans A new tax plan could increase health insurance premiums in Kansas. The state’s Senate passed the $470 million tax plan over the weekend, which will create a $47 million tax increase on managed-care organizations. The tax increase represents a 3.31% rate increase on health insurance companies that offer HMO plans. The increased rate on insurers will likely translate into higher premiums for policyholders as these companies seek to recover losses and mitigate the…

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Google is making a move into the auto insurance sector

Nordstrom
Driverless self-driving car Google auto insurance

Driverless cars could have a major impact on the auto insurance market Self-driving cars are coming and that may change Google’s position in the auto insurance space. Recently, Google launched its insurance rate comparison service in the U.S. Called Google Compare, this service has been operating in the United Kingdom for some time, representing quotes from 124 insurers in the country. The UK government has already approved the testing of driverless vehicles on public roads, but U.S. regulations are still somewhat restrictive. These vehicles could have a significant impact on…

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Will earthquake insurance sales rise with popularity of “San Andreas” movie?

Julie Campbell
earthquake insurance companies

The film starting Dwayne Johnson has triggered a preparedness trend among California residents. For people who live in California, the ever looming threat of the “Big One” is not something new, but the popularity of the “San Andreas” movie has spurred an interest in earthquake insurance and other preparedness steps and products. The question that is now being asked is whether this could help Californians to step out of a phase of denial. The release of the “San Andreas” movie occurred shortly after the release of a US Geological Survey…

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Health insurance premium requests issued in Idaho

Marc
Idaho health insurance

Insurers want to raise premiums by an average of 25% in the state Health insurance companies in Idaho are seeking rate increases from state regulators. On average, these insurers are seeking an increase in premiums of 25%, which would go into effect in 2016. Insurers cite the growing cost of medical care and changes in the utilization of medical services as the justification for higher rates. Over the past year, medical costs have grown exponentially, which has lead to financial losses for health insurance companies doing business in the state.…

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Florida Senate approves ambitious health insurance plan

S.Vagus
Florida health insurance

Florida Health Insurance Affordability Exchange has received approval from the Senate The Florida Senate has approved a health insurance plan that could expand insurance coverage to a greater number of people. The plan is called the Florida Health Insurance Affordability Exchange, and involves providing those without insurance, and the underinsured, with coverage if they qualify for the program’s services. The state’s Senate approved of the plan this week, but it still faces significant opposition as it moves on to the Florida House of Representatives. Changes to the plan ease the…

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