Live Insurance News

Aetna steps out of America’s Health Insurance Plan

January 11, 2016January 10, 2016 G. Turner

The third largest and powerful healthcare plan provider in the country has stepped out of the group. The third largest medical insurer in the United States has now announced that it will be quitting America’s Health Insurance Plan, which is the powerful lobbying group in the industry that has been standing behind Obamacare. This is the second large health insurance company to leave the group, following the departure of UnitedHealthCare. Back in June, UnitedHealthCare announced that it was to be the first insurer to leave America’s Health Insurance Plan (AHIP).…

Growth of health insurance in the US stalled in 2015

January 11, 2016January 10, 2016 S.Vagus

Efforts to reduce the country’s uninsured population began to slow significantly in 2015 Health insurance has expanded in the United States, with the Obama Administration noting that some 11.3 million people have enrolled for coverage through exchanges throughout the country. Efforts to reduce the country’s uninsured population may not be going smoothly, however. The recent Gallup-Healthways Well-Being Index found that reducing the uninsured rate among adults stalled in 2015. This has raised concerns that the Affordable Care Act may not be having the impact that President Barack Obama had intended.…

Insurance market in Nigeria will see solid growth this year

January 8, 2016January 7, 2016 Julie Campbell

africa insurance market life industry growth

Experts are predicting that, regardless of the challenges in the country, the industry will be growing faster. A recent analysis has been published by KPMG and has predicted that the insurance market in Nigeria will see its growth picking up speed despite some of the challenges it has been facing over the last while. The forecast was made based on its expanding use of ICT and telecom facilities for sales, as well as the population density. The analysis results were published in “The African Insurance Market at a Glance” report…

New earthquake insurance options being offered in California

January 8, 2016January 7, 2016 Marc

California Earthquake Authority launches new options to make earthquake insurance more available Homeowners in California will have more options when it comes to earthquake insurance in 2016. The California Earthquake Authority will be offering new options for consumers, allowing them to purchase more affordable insurance coverage that better suit their needs. This comes as a response to the fact that many homeowners lack earthquake insurance coverage, which can expose them to significant financial risks that they may not be able to handle on their own. Many consumers lack the earthquake…

New law in Texas makes changes to auto insurance requirements

January 8, 2016January 7, 2016 S.Vagus

New law targets ride-share companies, requiring them to have more insurance coverage A new law in Texas will require drivers for both Lyft and Uber to have more auto insurance coverage. The law also applies to all Transportation Network Companies and is meant to address concerns regarding a gap in auto insurance for drivers. Previous to the law, drivers were required to have a minimum of $30,000 per person injured in an accident, $60,000 per accident, and $25,000 in property damage per accident. Typically, this degree of coverage was enough…