Live Insurance News

Crop insurance regulation generating confusion

July 25, 2013July 23, 2013 G. Turner

Some Upper Midwest farmers are not exactly sure what coverage is available to them. The massive and extensive droughts that struck the Upper Midwest of the United States are now contributing to widespread confusion regarding the rules of crop insurance for some farmers in that region who were not able to plant this spring because of the exact opposite issue – too much water. Some growers are concerned that they won’t qualify for payments this year when they were not able to plant. Croplands that were too wet to put…

Auto insurance rate calculation factors may harm lower earners

July 25, 2013July 23, 2013 Julie Campbell

Americans whose incomes aren’t as high are being viewed unfavorably by many vehicle insurers. A number of large auto insurance companies in the United States are still using a driver’s education level and occupation as factors that are used in the calculations of his or her rates. A recent report is suggesting that this practice is pricing out earners in the low and moderate income brackets. The Consumer Federation of America has now released a report that has looked into the impact of the behaviors of auto insurance providers when…

Flood insurance struggles experienced across Canada

July 25, 2013July 22, 2013 H. Cutner

Experts are saying that insurers will attempt not to have to pay, more often than not. As a growing number of regions across Canada continue to recover from various flooding events, homeowners and business owners are discovering that making successful flood insurance claims is proving to be considerably more challenging than they had anticipated. Many people feel that their insurers are wronging them when they make their initial claims. According Yahoo Finance’s Ashleigh Patterson, more often than not, flood insurance companies will try to make an attempt not to pay…

Missouri imposes new law on health insurance navigators

July 24, 2013July 22, 2013 Marc

Health insurance navigators to seek state licensure A new law has been passed in Missouri that placed a strict requirement for counselors seeking to participate in the state’s health insurance exchange. These counselors, often called health insurance navigators, are meant to provide consumers with guidance concerning the policies offered through the state’s exchange program. Navigators are considered to be a boon by the federal government as they could help consumers find the best policies that suit their needs, thereby making health insurance exchanges more effective in their purpose. Law aims…

Abortion insurance ban considered for some NC policies

July 24, 2013July 22, 2013 G. Turner

Health insurance care reform confusion debate

The state is looking into stopping private health plans from being able to provide this coverage. The state of North Carolina is weighing a proposed law that would stop abortion insurance coverage from being included in the health plans that are sold within the online exchange starting in October 2013. This would not be a regulation for all insurers in the state, but only those who plan to sell over the public marketplace. Limiting the private abortion insurance coverage is permitted under the federal healthcare reform laws that require nearly…