Live Insurance News

Homeowners insurance rates in Nebraska are higher than the US average

March 10, 2016March 9, 2016 H. Cutner

Property owners in the state are seeing premiums that are a touch higher than the rest of the country. A new report from the National Association of Insurance Commissioners (NAIC) has revealed that the people in Nebraska have been paying homeowners insurance premiums that are slightly higher than the average across the country. The report is based on data from 2013 and shows the average national annual premiums to be $1,096. That said, in Nebraska, that price tag is slightly higher, as the average homeowners insurance bill every year is…

Homeowners and auto insurance premiums on the rise in Ohio

March 10, 2016March 9, 2016 Nordstrom

Homeowners and auto coverage is growing more expensive in Ohio Auto insurance rates in Ohio are expected to rise in 2016, along with homeowners insurance premiums. The Ohio Insurance Institute has announced that auto premiums are set to rise by an average of 3.3%, whereas homeowners coverage will become 2.9% more expensive, on average. Even with the increases in premiums, Ohio is well below the national average in terms of the cost of auto and homeowners insurance coverage. In terms of homeowners coverage, Ohio is ranked the ninth lowest when…

Health insurance plans to be rated based on size of network

March 9, 2016March 8, 2016 Julie Campbell

The Obama administration will now use the number of included doctors and hospitals in the ratings. In response to complaints from consumers with respect to the way health insurance plans are rated on the exchanges, the Obama administration has now said that it will provide a rating for each plan based on the number of hospitals and doctors that are included within that plan’s network. Equally, there will also be an increase to the maximum annual out-of-pocket amount that consumers can pay. For individuals, the maximum out-of-pocket expenses for health…

California lawmakers consider tax package targeting state health insurance program

March 9, 2016March 8, 2016 S.Vagus

Lawmakers aim to support Medi-Cal program with ambitious tax package Lawmakers in California may opt to take action on a tax package that aims to prevent a gap of $1.1 billion in the state’s health insurance program. The California Senate and Assembly are considering three pieces of legislation during a special legislative session, which was called last year in order to adjust taxes on insurance plans. The federal government has announced that it will discontinue support for the state’s Medi-Cal program if lawmakers are not able to effectively address tax…

Obamacare boosts health insurance coverage by 20 million

March 8, 2016March 6, 2016 G. Turner

President Obama health insurance Obamacare

President Barack Obama has announced that the uninsured rate among Americans has reached record lows. Obamacare has been a law for six years now, and during that time, 20 million people under the age of 65 have obtained some level of coverage, brining the rate of uninsured Americans down to a low that has never seen before in the country. The latest data from the Obama administration shows 2.4 million more people became insured since the fall. The speech was given by the president while he was in Milwaukee, where…