Live Insurance News

Oklahoma lawmakers pursue bill in case earthquake insurance companies leave

February 18, 2016February 16, 2016 H. Cutner

Concerns that insurers will head out of the state as quakes become more common has sparked the need for consumer protection. Over the last handful of years, earthquakes have become increasingly common in Oklahoma, and there is a growing concern that insurance companies could start to leave the state if they find the risk associated with doing business there to be too high. Scares of quakes are causing lawmakers to consider the possibility of a worst-case scenario in Oklahoma. The purpose is to put a bill into place that would…

Kentucky approves controversial health insurance deal between Aetna and Humana

February 18, 2016February 16, 2016 Marc

Kentucky insurance exchange health insurers

New Insurance Commissioner grants approval for Aetna’s acquisition of Humana Kentucky’s new Insurance Commissioner, H. Brian Maynard, has approved of a controversial acquisition plan from Aetna. The insurance provider has plans to acquire Humana in a deal that has caused concern among consumers and some government officials. The deal is valued at approximately $37 billion and some fear that it could have a dramatic impact on the health insurance market. Commissioner Maynard’s decision to approve the deal has been met with some criticism. Economists have yet to report on the…

Autism insurance mandate will ease financial burden of therapies

February 17, 2016February 16, 2016 Julie Campbell

The goal is to help to make the necessary treatments affordable for affected families. North Carolina Senator Tom Apodaca (R-Hendersonville) originally sponsored an autism insurance bill in the state, in order to produce legislation that resulted from negotiating with insurers that had previously been opposed to the efforts of Apodaca and other legislators, in their attempts to require coverage for treatment of this spectrum of disorders. Last year’s bill was supported by insurance companies, which were allowed to cap adaptive behavioral treatment. Adaptive behavioral treatment is a term that encompasses…

New legislation in Arizona seeks to secure health insurance for children

February 17, 2016February 16, 2016 S.Vagus

Children’s Health Insurance Program kids

Legislation revitalizing the KidsCare program has received approval from state representatives Children in Arizona may soon have access to the health insurance coverage they need thanks to new legislation. The legislation has been approved by the state’s House of Representatives and aims to revitalize a program known as KidsCare. The program is designed to provide coverage for children in families with incomes from 138% to 200% below the federal poverty level. The legislation revitalizing the program still has some legislative hurdles to overcome, but it has gathered strong support from…

Zenefits under investigation by California insurance regulators

February 16, 2016February 13, 2016 G. Turner

The software company has now had its business practices called into question and officials will be examining them. Zenefits, a software company, is now facing an investigation by California insurance department officials, as the firm’s business practices have been called into question. The California Department of Insurance released a statement with regards to the investigation that launched last year. While the California insurance officials have only just recently announced that they are looking into Zenefits and the way it conducts its business, it also stated that its efforts started back…