Live Insurance News

Workers compensation could be headed along a bumpy road

May 22, 2015May 20, 2015 Julie Campbell

Many industry experts are now expecting that there could be some turbulence in the future of this coverage. Even though financial indicators have been suggesting improvements, the president and CEO of the National Council on Compensation Insurance Inc. (NCCI) has stated that the workers compensation industry should be getting ready for some “difficult times” as the workplace and workforce ecosystem undergoes a considerable evolution. President and CEO of the NCCI, Steve Klingel, recently spoke at the 2015 Issues Symposium. The NCCI is a workers compensation ratings and research organization. At…

Study shows 31 million people are not using their health insurance

May 22, 2015May 21, 2015 Nordstrom

Commonwealth Fund study highlights the complications of medical costs and the health care system The Commonwealth Fund has released a new study called “The Problem of Underinsurance and How Rising Deductibles Will Make it Worse.” The study highlights the fact that many people with health insurance coverage are not actually using this coverage. There are many factors that contribute to these issues, but the high cost of medical care and high deductibles are proving to be a barrier to people using their insurance policies. High deductibles are a barrier for…

Health insurance provider hit with major fine in Missouri

May 22, 2015May 20, 2015 S.Vagus

Aetna faces $4.5 million fine for violating insurance laws in Missouri Missouri Governor Jay Nixon has announced that health insurance provider Aetna will be paying $4.5 million in fees for violating state law. One of these violations has to do with Aetna covering elective abortions even though some policies did not allow for such coverage. This represents the single largest insurance penalty imposed against a company in Missouri’s history. Notably, the health insurance company is holding itself accountable for any violations of state law, also acknowledging that it had violated…

The North American pet insurance industry is finally taking off

May 21, 2015May 20, 2015 Julie Campbell

Trupanion recently released a report that showed that it has been experiencing considerable growth in revenues. Although pet insurance is carried by a small minority of dog and cat owners, the current trend has shown that the number of people who have coverage for their beloved animals is starting to grow in a very meaningful way. The market is on the rise and insurance companies are looking to take advantage of this revenue stream. In the example of Trupanion, a pet insurance company from Seattle, the 2015 first quarter earnings…

Health insurance exchanges may be at risk in some states

May 21, 2015May 20, 2015 Marc

Supreme Court ruling could have a major impact on health insurance coverage Lawmakers in several states are working on ways to ensure that people will keep their health insurance pending a ruling from the U.S. Supreme Court. The court is expected to deliver a ruling on whether or not the federal government can provide subsidies for coverage offered through federal insurance exchanges. The ruling is likely to be delivered in the summer, and it could have a major impact on the availability of insurance coverage for millions of people. Michigan…