Live Insurance News

21 million people could lose their health insurance coverage under Trump plan

March 22, 2016March 20, 2016 Logan B.

Analysis shows repealing the Affordable Care Act could have dire consequences The Committee for a Responsible Federal Budget has released an analysis of the health care plan proposed by presidential hopeful Donald Trump. The analysis suggests that Trump’s plan could result in approximately 21 million people losing their health insurance coverage. It may also cost some $270 billion over 10 years, if it was implemented. Another analysis from the Congressional Budget Office suggests that as many as 22 million people could lose their health insurance coverage if Trump’s plan is…

The best tire gauge is one of the top lines of defense against El Niño effect on driving

March 21, 2016March 20, 2016 G. Turner

Recent research has found that driving conditions and behaviors change with El Niño. It’s no secret that changing weather patterns can make road conditions easier or harder to contend with but it was recently revealed in a Gauge Index survey by Hankook Tire America Corp. that people with the best tire gauge and who used it were among those best ready to contend with what El Niño would throw at them. The report looked into the various different types of American driving behaviors and the way the weather changed them.…

Lawmakers work to bring reform to the National Flood Insurance Program

March 21, 2016March 20, 2016 S.Vagus

Lawmakers are fighting to change and improve NFIP Federal lawmakers are again attempting to introduce reforms to the country’s troubled National Flood Insurance Program (NFIP). Earlier this month, the House Financial Services Committee granted approval for the Flood Insurance Market Parity and Modernization Act. The legislation has won support from several lawmakers and is designed to mitigate the cost of flood protection. The legislation will also ensure that those seeking a mortgage for their property are treated the same when purchasing flood policies from the private market as they are…

Bill Cosby turns to insurance coverage to pay the bill for defamation suits

March 18, 2016March 16, 2016 H. Cutner

The costs associated with defending himself in court are piling up and a home policy will likely pay for much of it. When defending oneself in court in several sexual assault and defamation cases, the legal bill can rapidly rise and Bill Cosby is using his homeowners insurance coverage to help him to pay for these expenses. This method of footing the bill for legal fees has come to quite a surprise to many though it is not necessarily uncommon. That said, Cosby has been facing lawsuits across three states…

New company begins offering flood insurance policies in Florida

March 18, 2016March 16, 2016 S.Vagus

Florida homeowners have another option when it comes to flood protection A new company has entered into the flood insurance market in Florida and will serve as an alternative to the National Flood Insurance Program (NFIP). Called TypTap Insurance, it is the first company licensed in Florida to focus exclusively on flood protection. Homeowners can use the insurer’s online platform to purchase the coverage they need. Typically the only place homeowners can find flood protection is through the federal program, but this is beginning to change. The flood market may…