Live Insurance News

Massachusetts health insurance exchange finds success

May 8, 2015May 7, 2015 Logan B.

Survey shows that state’s insurance exchange has managed to serve many people in the state The health insurance exchange in Massachusetts may have been a resounding success, according to a new survey from the Center for Health Information and Analysis. The state served as a model for the Affordable Care Act, at least when it comes to the formation of an insurance exchange. Massachusetts enacted extensive health care reform in 2006, which lead to the creation of the Massachusetts Health Connector, which was the state’s first iteration of its insurance…

Warren Buffett makes insurance news with caution in the industry

May 7, 2015May 5, 2015 Julie Campbell

Berkshire Hathaway recently announced its earnings and stated that it is unlikely that an underwriter would be purchased. In recent insurance news, Warren Buffett of Berkshire Hathaway finally put an end to the speculations that have been made about the company for a long time, by saying that they don’t have any real intention to ever purchase a large commercial underwriter, and that the intention is to take a more organic strategy in order to grow their commercial platform. Buffett fielded some heavy questions at the annual shareholder meeting for…

Colorado continues to improve its health insurance exchange

May 7, 2015May 5, 2015 S.Vagus

State is working to address the issues with the enrollment system of its health insurance exchange Colorado has been working to fix its health insurance exchange, with efforts to do so going well, according to exchange officials. The exchange’s online enrollment system has struggled to serve consumers in the state for some time, making it difficult for people to sign up for the insurance coverage they are interested in. Fixes to the exchange could be delayed, however, as the exchange’s technology chief, Proteus Duxbury, recently departed for another position. Adele…

Businesses want a better flood insurance program

May 7, 2015May 5, 2015 Nordstrom

Business leaders call for improvements to the National Flood Insurance Program Business leaders in Louisiana want to see flood insurance rate hikes reined in throughout the region. A coalition of businesses from the construction and real estate industries attended a meeting at the University of New Orleans where they shared their thoughts concerning the National Flood Insurance Program with lawmakers. The federal program offers flood insurance coverage to homeowners and businesses, but the program has been struggling with financial problems for years. As such, rates for policies offered through the…

NFL jersey insurance is now sold at Philly area shop

May 6, 2015May 5, 2015 Julie Campbell

The coverage is meant to protect people against losing the investments in sporting goods. A new type of NFL jersey insurance has now been created in order to help to give more confidence to people who would love to make an investment into these $100+ sporting goods but who are nervous that situations could change and their purchase could rapidly become worthless. The insurance policy is available at a sporting goods store that has 18 locations in the Philadelphia area. The store in question is called Schuylkill Valley Sports and…