Live Insurance News

Auto insurance reform details unveiled for Michigan

May 24, 2013May 25, 2013 G. Turner

The new plans for a no fault system have now been unveiled in the hopes of driving rates down. Drivers in Michigan have just received news regarding the reform package for the auto insurance system in the state, which is meant to lower the skyrocketing premiums that they are paying. At the same time, data was revealed regarding a $14 billion catastrophic accident claims fund. The bills for these auto insurance reforms are still drafts, but if they move ahead, they will change the structure of the Michigan Catastrophic Claims…

Cover Oregon becoming an example for health insurance cost reduction in the US

May 23, 2013May 25, 2013 Logan B.

Oregon health insurance exchange becoming a favorite for the federal government Oregon may be home to one of the country’s most favorable health insurance exchanges, from a federal perspective. The state is one among several others that has chosen to build and operate its own health insurance exchange system, called Cover Oregon. Initially, this exchange received conditional approval from the Department of Health and Human Services, which oversees the enactment of the Affordable Care Act. Cover Oregon has since become one of the most favored health insurance exchange systems of…

Homeowners insurance sector rallies to Oklahoma

May 23, 2013May 25, 2013 S.Vagus

Homeowners insurance faces another powerful blow from natural disasters Oklahoma City, Oklahoma, fell victim to a powerful tornado earlier this week. The tornado had been classified as an EF4 at the time it reached the city on May 20. The tornado boasted of more than 200 mile per hour winds and cut a path of destruction through the city and its surrounding area, claiming the lives of 24 people. State officials are now declaring the event an official disaster, which may be of some benefit to the homeowners insurance sector…

Life insurance had been sought by AEG to cover Michael Jackson

May 23, 2013May 25, 2013 Julie Campbell

Executives from the company had been attempting to purchase a policy only days before the singer died. Testimony and emails that were presented in court, this week, revealed that within a span of only days before the death of Michael Jackson, executives from AEG had still been working to try to obtain a life insurance policy to cover the celebrity who seemed increasingly erratic at his comeback tour rehearsals. The company became concerned that Jackson’s behaviors could cause him to get hurt. One of the emails shown to the court…

Homeowners insurance bill in Florida is moving up

May 23, 2013May 21, 2013 H. Cutner

The North Carolina proposal is only one of a large number facing the General Assembly. A bill regarding homeowners insurance is one of a large number being considered by the General Assembly in North Carolina, following a slew of others last week, including outdoor smoking bans, clean water issues, and autistic child coverage. This is because the General Assembly was trying to fit everything in before today’s non-revenue bill deadline. The bills – including the one for homeowners insurance – were required to pass their originating chamber by this date…