Live Insurance News

Arkansas health insurance backlog creates issue with children’s coverage

October 20, 2015October 18, 2015 H. Cutner

Some parents in the state are struggling to obtain the plans they need to make sure their kids are covered. Parents are feeling a substantial headache from an Arkansas health insurance backlog that is making it difficult for them to be able to buy a plan that will cover their kids. Hundreds of thousands of people in the state are now sitting on a waiting list for their coverage approval. The waiting list is the result of a backlog with the Arkansas health insurance options such as ARKids, Medicaid, and…

Auto insurance premiums are falling in Ontario

October 20, 2015October 18, 2015 Logan B.

Toronto Ontario Canada Auto Insurance News

Premiums for auto coverage continue to decline in Ontario, though slower than expected Auto insurance premiums continue to fall in Ontario, Canada, though they are falling at a slower rate than government officials had promised. Two years ago, Finance Minister Charles Sousa promised that auto insurance rates would fall by 15%, but this ambitious promise has proven difficult to fulfill. According to the Financial Services Commission of Ontario, rates are, indeed, falling, but at a much slower rate that many government officials had anticipated. Rates have fallen by approximately 6.96%,…

Importance of cyber insurance made clearer after Ashley Madison hack

October 19, 2015October 18, 2015 Julie Campbell

The exceptionally high profile data breach has served as a kind of wake-up call for business execs. Following the massive data breach at Ashley Madison and several other high profile data breaches, businesses in Canada are starting to realize that there is greater potential value to cyber insurance than they may have previously realized. These companies are now purchasing these insurance policies to protect themselves against cyber attacks. Back in July, Ashley Madison found itself making news headlines around the world when hackers were able to smash their way into…

Insurance co-op in Oregon shutting down

October 19, 2015October 18, 2015 G. Turner

The state is losing a cooperative from its 2016 marketplace, as it has started a “wind down of business”. An Oregon insurance co-op is now stepping out of the state’s health plan market for next year as it has entered into a “wind down of business”, claiming that the recent announcement from the government that it will honor only 12.6 percent of the risk corridor payment of insurers is to blame. This withdrawal of the co-op will mean that there will be 15,000 members in the state without coverage. The…

Health insurance rates set to rise in Montana

October 19, 2015October 18, 2015 S.Vagus

Trumpcare health insurance investigation

Insurance premiums for Montana residents expected to rise as much as 34% for 2016 coverage Montana residents can expect to see their health insurance premiums rise in 2016. Insurance Commissioner Monica Lindeen has announced that rates will increase between 22% and 34% in 2016, affecting as many as 41,000 people living in the state. The rate increases will not affect those that receive employer-sponsored health insurance coverage or those that receive coverage through HealthCare.gov and receive federal subsidies for these policies. Those in the private market, however, may experiencing a…