Live Insurance News

Travel insurance coverage is being purchased for very specific reasons

May 15, 2015May 14, 2015 Julie Campbell

Travel insurance Young Man Luggage Staning In Front Of Air Plane

Among the drivers that cause travelers to buy a policy, worries over hurricanes top the list. The results of a recent travel insurance survey have shown that there are some very specific reasons that consumers are purchasing this coverage, among which, hurricanes have been generated the largest amount of worry. The findings revealed that unexpected weather is enough to cause travelers to want to insure themselves. The research was conducted by a comparison website called InsureMyTrip. It determined that severe weather is making people the most worried about their vacation…

Florida homeowners insurance may be stable this hurricane season

May 15, 2015May 14, 2015 Marc

Florida’s Cat Fund is equipped to handle a significant natural disaster Florida may be able to withstand a major hurricane thanks to the financial capabilities of the state’s Hurricane Catastrophe Fund, also known as the Cat Fund. The fund is designed to provide a financial safety net for homeowners insurance companies that face significant losses in relation to a major storm. The Cat Fund has been used many times in the past to help the state recover from serious losses, but Florida has not suffered a major hurricane in nine…

Homeowners insurance rates receive legislative attention in North Carolina

May 15, 2015May 14, 2015 S.Vagus

Lawmakers approve legislation that will provide consumers with more information concerning their insurance rates The North Carolina House of Representatives have unanimously approved legislation that would provide consumers in the state to receive more time when responding to proposed rate increases on their homeowners insurance policies. The legislation also received votes that will allow it to proceed to the state Senate, where lawmakers will determine whether or not to pass the legislation into law. The legislation will also provide consumers with more information from their insurance providers. Consent to rate…

Last year saw crop insurance payments plummet

May 14, 2015May 13, 2015 Julie Campbell

Since 2014 saw pretty good production throughout the year, the federal program had to make far fewer payouts. In terms of the overall 2014 growing year, the calculations by the Risk Management Agency of the U.S. Department of Agriculture with regards to the federal crop insurance program have shown that last year saw a reduction in payments by 26 percent when compared to the figures from the year before. The agency report showed in 2014, there was a total of $8.8 billion in payments for yield and price loss coverage.…

Health insurance subsidies are at risk in the US

May 14, 2015May 13, 2015 Logan B.

cash money subsidy health insurance deductibles

Supreme Court is set to rule on a legal challenge to the Affordable Care Act The U.S. Supreme Court is set to rule on a legal challenge that has been made against one of the Affordable Care Act’s provisions. The provision in question is one meant to provide subsidies for those seeking coverage through health insurance exchanges. These subsidies are meant to reduce the cost of insurance coverage for many people, making it possible for more people to obtain coverage. Subsidies offered for coverage found through federal exchanges may vanish…