Live Insurance News

Health insurance cooperative in Michigan to join the exchange

May 15, 2013May 25, 2013 G. Turner

The new co-op will target its products toward small businesses within the state. Starting on October 1, when the health insurance exchange will be opening for enrollment in Michigan, small businesses and individuals will now have an additional option to compare and consider, from the Consumers Mutual Insurance of Michigan. The organization is based in East Lansing and will now be listed on the federal exchange for the state. The health insurance cooperative will be boosting its operations under the leadership of Denny Litos, its CEO. The company received a…

Crop insurance up for reform in the US

May 14, 2013May 25, 2013 Logan B.

US lawmakers begin looking to reform crop insurance program In the U.S., federal lawmakers are working to renovate the country’s financial safety net for farmers. The federal crop insurance program is the most expensive part of this safety net and has long been a controversial subject among politicians and taxpayers alike. In 2012, the capabilities of the crop insurance program were put to the test by a severe drought that gripped much of the country. The drought caused an estimated $35 billion in damage in the Midwest, contributing to an…

Obama launches new campaign to put down health insurance confusion

May 14, 2013May 25, 2013 S.Vagus

Confusion concerning health insurance continues to grow among consumers The saga of the Affordable Care Act is beginning to grow more tempestuous as the law inches closer to January 1, 2014, the day it will be fully enacted. President Barack Obama, who has been the champion of the health care law since it was passed in 2010, has launched a new campaign to promote the various aspects of the law. The campaign is meant to shed more light on Obamacare — a term for the Affordable Care Act that President…

Flood insurance risk maps recreated by FEMA for Hampden County

May 14, 2013May 25, 2013 Julie Campbell

This will change the rates that are being paid by residents of the area whose condition has been altered. The federal government has now released the newly redrawn version of the flood insurance maps for Hampden County, Massachusetts, which will be required to be applied by communities on or before July 16 so that their residents will be eligible to take part in the national coverage program. Several properties have been affected by the new map, though the actual number has not yet been released. Communities are required to implement…

Health insurance enrollment in Florida is about to take off

May 14, 2013May 25, 2013 H. Cutner

The state is preparing for a sudden influx of registrations for the coverage ahead of the start of next year. Florida is getting ready for a massive amount of registration within the state for health insurance that is required by the Affordable Care Act, and the federal government is planning to help to handle this challenge by hiring hundreds of “navigators” over the next few months in order to assist consumers. It is expected that up to 3.5 million uninsured residents of Florida will purchase coverage by January. It is…