Category: Insurance News Articles

Posting the most up to date insurance news for both consumers and industry professionals. Learn more about what is going on in your world just by checking out our featured headlines section.

New Yorkers have more time to enroll in state’s health insurance exchange

S.Vagus
New York Health Insurance

State extends enrollment deadline to ensure more people have the insurance coverage they need Those living in New York will have more time to purchase health insurance coverage through the state’s exchange in order to ensure that they are covered on January 1, 2016. The New York State of Health is eager to see more consumers enroll for coverage and avoid facing a federal fine associated with being uninsured. With the enrollment activity that the state’s insurance exchange has been experiencing this month, state officials are hoping that the extended…

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Tennessee health insurance enrollments have broken records

Julie Campbell
Tennessee Health Insurance

Many residents of the state are finding it easier and more convenient to enroll, regardless of their opinion of their plans. Residents of Tennessee have enrolled in the health insurance exchange in the state in record numbers, in order to comply with the requirements of the Affordable Care Act and in order to have done so by the first open enrollment deadline, which was on Tuesday. By December 5, there had already been 88,007 people in Tennessee who had signed up for health plans. Comparatively, by December 15, 2014 –…

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Usage-based auto insurance comes to China

Logan B.
auto insurance ride share

Lichengbao releases China’s first usage-based auto insurance product Auto data company Lichengbao has launched a new usage-based auto insurance product in China, which is the first of its kind in the country. The company has partnered with several smaller insurers to make this possible, aiming to provide drivers with a way to save money on auto insurance coverage. Usage-based insurance has been gaining popularity in China, largely due to the fact that drivers in large cities only use their vehicles sparingly. 40% of consumers in China drive less than 15,000…

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Penalties for those without health insurance are on the rise

Nordstrom
health insurance penalty

Federal fines will be placing more pressure on uninsured consumers next year Health insurance premiums for those seeking coverage through exchanges in the United States are growing next year. For many consumers, higher costs may discourage them from actually keeping their coverage due to financial pressure. If they go without coverage, however, they will face penalties from the federal government. Next year, those penalties will be more costly, as they are designed to serve as an incentive to encourage consumers to purchase health insurance coverage. Report shows that the average…

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Zurich Insurance company brings in new global life CEO

Julie Campbell
Zurich Insurance Company News Building in Leeds

Gary Shaughnessy has now been appointed as the chief executive officer as the insurer shuffles leadership again. The Zurich Insurance company has now announced that it has changed leadership in its Global Life business for the second time in a span of two years, now that it has appointed Gary Shaughnessy to the position. The new CEO had already been the head of the life insurance business for the U.K. with extensive experience. The 49 year old had also been the interim CEO of global life in Asia, Europe and…

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