Live Insurance News

North Carolina officials target employers without workers compensation

January 15, 2016January 13, 2016 Julie Campbell

The Industrial Commission has already fined and charged companies operating without proper insurance. In North Carolina, the Industrial Commission, the authority responsible for the enforcement of laws regarding workers compensation, has now started to target employers that have not been carrying adequate insurance in order to comply with the state’s laws. As a result of the crackdown that has been occurring over the last year, $1 million in civil fines have been collected. These civil fines were collected from companies without adequate (or any) workers compensation coverage. Moreover, beyond fining…

Open enrollment for health insurance exchanges is coming to an end

January 15, 2016January 13, 2016 Marc

Deadline for consumers to purchase coverage is rapidly approaching For those without health insurance coverage, time is running out to acquire coverage in the United States. The open enrollment period for insurance exchanges will come to an end on January 31 this year. After the enrollment period is over, consumers will no longer be able to use exchanges to purchase health insurance coverage, except in some special cases. Currently, those without coverage can find policies through HealthCare.gov, the exchange system established by the federal government. Uninsured consumers will face a…

Kentucky aims to close its health insurance exchange

January 15, 2016January 13, 2016 S.Vagus

Kentucky insurance exchange health insurers

Governor Matt Bevin intends to shut down the Kentucky health insurance exchange Kentucky lawmakers are beginning to move forward with plans to close the state’s health insurance exchange. In late December of 2015, Governor Matt Bevin sent a letter to federal officials informing them of the plan. The governor noted that the exchange will no longer be operational “as soon as is practicable.” According to federal law, this will be a year-long process, at least, and will not have an impact on the health insurance policies that were sold through…

Massive health insurance mergers may undergo greater scrutiny in California

January 14, 2016January 13, 2016 Julie Campbell

Consumer advocates are trying to convince regulators in that state and several others to scrutinize these deals. California is rapidly turning into the center of the controversy over the massive mergers that are going on in the health insurance industry as one company swallows up the next, shrinking the competition. Consumer advocates have been asking for greater scrutiny of this trend on over a dozen states across the U.S. In California and about twelve other key states, consumer advocates have been asking regulators to take a closer look at the…

State seeks more information on growing health insurance premiums

January 14, 2016January 13, 2016 Logan B.

Senator calls for Tennessee Insurance Commissioner Julie McPeak to testify before legislative committee Tennessee Senator Mark Green has submitted a request to the state’s Insurance Commissioner, Julie McPeak, to testify before a legislative committee concerning increasing health insurance premiums. Premiums on coverage provided through the state’s insurance exchange, which is operated by the federal government, have grown in 2016, and this has become a concern for many consumers living in the state. Some lawmakers are eager to determine why premiums have been growing aggressively. State officials aim to find more…