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Homeowners insurance is running from Californian wildfires

November 2, 2015November 1, 2015 G. Turner

insurance industry fire insurance

As the brush fires and blazes moved ahead, insurers started to step back from providing coverage. Near the start of October, homeowners insurance companies found themselves covering the majority of the almost 5,000 claims that were made as a result of two wildfires that occurred in September in Northern California and agreed both to provide the policyholders with a larger amount of time in which to document their claims and to boost the speed of the payments. That said, following one of the worst wildfire seasons in the state, the…

Idaho makes changes to its health insurance exchange

November 2, 2015November 1, 2015 S.Vagus

Idaho health insurance

State health insurance exchange has been improved to better serve consumers The Idaho health insurance exchange, called Your Health Idaho, is expected to be prepared for business on November 1, when the next open enrollment period begins. The state has been working to reprogram the infrastructure of the exchange, introducing various tweaks and new features that are expected to improve the exchange shopping experience. The exchange has been working to test the changes that have been made for several months in order to ensure that the insurance exchange will be…

Wearable technology may change the nature of workers compensation claims

October 30, 2015October 28, 2015 Julie Campbell

workers compensation safety month

New breakthroughs in wearables could potentially revolutionize the healthcare industry. Recent advancements in wearable technology are changing the nature of healthcare, especially when it comes to boosting the independence and overall wellbeing of patients who are suffering from serious injuries, which could have some interesting implications for workers compensation claims. The idea is that by using wearables, the insurance industry could greatly benefit in overall claims costs. The workers compensation industry could be able to save a considerable amount on its claims while it greatly improves the quality of life…

Homeowners insurance rates in Texas are set to spike yet again

October 30, 2015October 28, 2015 Marc

homeowners insurance rates increase

Homeowners in Texas will see an increase in their insurance premiums next year Residents of Texas are seeing their homeowners insurance premiums grow. The state is home to the third highest homeowners insurance rates in the United States, with the average annual premium being $1,745. The Texas Department of Insurance notes that these premiums have grown by more than 26% between 2010 and 2014. Only Florida and Louisiana have higher homeowners insurance premiums, on average. For some homeowners, premiums are growing by a greater margin than what others are seeing.…

Health insurance premiums are on the rise for policies sold through federal exchanges

October 30, 2015October 28, 2015 S.Vagus

health insurance news

HHS releases information showing premiums are growing throughout the country Premiums for several popular health insurance plans sold through HealthCare.gov will be going up in 2016. The Department of Health and Human Services has released a “snapshot” of the plans that will be available through the federal exchange gateway, showing that rates are on the rise. On average, rates for the exchange’s most popular plans will be going up by 7.5%, though premiums for some plans will be going up by a larger margin. Some states will see more modest…