Live Insurance News

Idaho health insurance exchange will not be run by the Government

August 15, 2013August 16, 2013 Logan B.

Idaho will operate its own health insurance exchange Updated Article: Contrary to recent reports, the Idaho health insurance exchange will not be operated by the federal government in 2014. Previous reports had suggested that the state’s health insurance exchange would fall under federal jurisdiction due to the state’s failure to meet federal deadline concerning plans for the exchange. According to the Idaho Health Insurance Exchange, however, this is not the case. The exchange will be operated by the state and will begin open enrollment in October of this year. State…

Long term care insurance study reveals buyer behaviors

August 15, 2013August 12, 2013 G. Turner

Recent research has identified some of the reasons that people are purchasing the coverage. According to the results of a recent study, the people who are the most likely to buy long term care insurance are also those who are either getting ready for their retirement, or who have known someone who has experienced a situation in which they required LTC. The research suggested that life events tend to be a major trigger for making this kind of planning purchase. The study was conducted by the MSR Group and was…

Oregon health insurance exchange sees delay in launching official website

August 14, 2013August 12, 2013 S.Vagus

Website of state health insurance exchange delayed Oregon’s health insurance exchange, like others throughout the U.S., is scheduled to begin open enrollment on October 1 of this year. There is a problem with the exchange, however, according to state officials. The exchange, which is officially called Cover Oregon, is meant to serve as a digital marketplace through which consumers can find affordable health insurance coverage suitable to their needs. The problem is, however, that this exchange will not be able to be accessed online. Delay meant to resolve issues of…

Insurance news from India shows ongoing consideration of Iranian oil coverage

August 14, 2013August 12, 2013 Julie Campbell

Insurers from Iran have offered to provide cover for tankers transporting that country’s crude. The latest in the insurance news saga regarding Iranian oil tanker coverage, particularly when it is headed to India, is that Iran is offering to provide the coverage for the ships so that Indian companies will be able to accept it. However, the Indian companies still hold some reluctance as they do not want to expose themselves to sanctions. India has been considering adding an additional state guarantee of $327 million to this insurance news, to…

Homeowners insurance reminder issued by State Farm about multiple claims

August 14, 2013August 12, 2013 H. Cutner

homeowners insurance policy multiple claims

The insurer released this statement because many policyholders feel it should work like a bank account. State Farm has issued a reminder to homeowners insurance policyholders to help them to keep in mind that a policy is not the same as a bank account, so the premiums being paid are not an amount that is being amassed so that it will be guaranteed to be available later on. The statement was made in response to many policyholders’ shock when it didn’t function as a savings account. This has become quite…