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Insurance industry clarity bill signed into law in Mississippi

May 6, 2015May 5, 2015 Marc

Mississippi Homeowners Insurance Industry

Mississippi Governor Phil Bryant signs clarity bill into law Mississippi’s Insurance Clarity has been signed into law by Governor Phil Bryant. The bill is meant to ensure more transparency in the insurance industry, forcing companies to provide more information concerning the premiums they collect and the losses they face in doing business. Transparency has become an important issue for the insurance industry, where many consumers have voiced their concerns that insurers do not offer enough information and attempt to hide this information in order to preserve themselves. Insurance industry will…

Homeowners insurance litigation measure approved in Texas

May 6, 2015May 5, 2015 S.Vagus

Homeowners will have more trouble filing lawsuits against homeowners insurance companies Homeowners in Texas may find it more difficult to file lawsuits against insurance companies for unpaid claims, due to a measured approved by the state Senate. The Senate has voted to approve a measure that is meant to address the issue of homeowners insurance lawsuits, which lawmakers believe are becoming a significant problem for the state. The Senate is divided on the issue, with lawmakers disagreeing on how it should be resolved, but the measure managed to pass despite…

Pennsylvania governor considers health insurance exchange contingency plan

May 5, 2015May 2, 2015 Julie Campbell

Gov. Tom Wolf’s administration will be looking to create a strategy for state residents who could lose federal subsidies. The office of Governor Tom Wolf (D) of Pennsylvania has now announced that his administration will be writing a contingency plan for the health insurance exchange users in the state who risk losing their federal subsidies for their premiums. This plan is being designed just in case a June ruling from the U.S. Supreme court withdraws the tax credits. It is expected that the U.S. Supreme court will have made its…

Life insurance market in Kenya now includes Barclays

May 5, 2015May 2, 2015 H. Cutner

africa insurance market life industry growth

The formal entry into the country’s marketplace has now begun with a brand new launch. Barclays Africa Group Limited has now launched Barclays Life Assurance Kenya (in which it has a majority ownership of 66.6 percent), representing its formal entrance into that country’s life insurance market. This represents the fifth market in Africa into which Barclays has established its insurance business in that sector. The other African markets into which Barclays has taken its first steps include Zambia, Botswana, South Africa, and Mozambique. Among the other shareholders in this life…

New York sees increase in health insurance exchange enrollment

May 5, 2015May 2, 2015 Logan B.

State has made progress in making its exchange more popular among consumers New York ranked fourth in the U.S. in terms of enrollment in health insurance exchanges, according to a report from the Kaiser Family Foundation. The state has made significant strides in raising awareness about its exchange and the services that it offers, which lead to more people enrolling in the exchange throughout the state. Several other states have seen an increase in enrollment as well, due to the marketing efforts that they have made to improve awareness among…