Live Insurance News

Mergers among health insurance companies could drive rates skyward

September 15, 2015September 13, 2015 H. Cutner

The American Medical Association has said that the reduction in competition will raise rates. The American Medical Association (AMA) has recently released the results of a study that claims that most health plan markets in the United States are currently led by a small number of insurance companies that may become even fewer with the current trend of mergers and acquisitions. The organization representing doctors and hospitals is criticizing the impact of this market shrinking. The reason is that they feel that if the current intentions of insurance companies to…

Insurance industry could help improve company security

September 15, 2015September 13, 2015 S.Vagus

Cyber Insurance policies commissioners industry

Insurance industry may be able to improve the cyber security of companies The insurance industry may have a major role to play to help companies in the U.S. improve their cyber security, according to the U.S. Treasury Department. Federal lawmakers in Congress are struggling to pass new legislation that concerns cyber security. The legislation would force companies to improve their defense against digital threats during a time when cyber attacks are becoming much more frequent. Sarah Bloom Raskin, deputy secretary of the Treasury Department, believes that insurers can be a…

Insurance jobs are still out there as the industry continues to hire

September 14, 2015September 13, 2015 Julie Campbell

A recent study has shown that 65 percent of companies plan to boost their staff size this year. The Jacobson Group and Ward Group have now issued the most recent version of their Semi-Annual U.S. Insurance Labor Outlook Study and have determined that this year, insurance jobs are still out there and waiting to be filled as 65 percent of the companies in the industry plan to boost their staff in 2015. Since the start of the survey, this is the second highest insurance hiring rate that has been recorded.…

Will auto insurance rates rise because of cheaper prices at the pump?

September 14, 2015September 13, 2015 G. Turner

Just as the cost of fueling up with gas goes down, the premiums for coverage might go up. As we watch the price of gas falling, it can be easy to think that we’ll be saving a lot of money, that is until the auto insurance premiums start to make their rise and find us spending in a new area. The price of gas is not directly related to the insurance rates that are charged, but it is indirectly connected. Although the price being advertised at gas stations does not…

New Jersey residents are finding it hard to pay for health insurance

September 14, 2015September 13, 2015 S.Vagus

Report highlights the good news and bad news for those purchasing coverage through exchanges A recent report from the Centers for Medicare & Medicaid Services shows that enrollments in health insurance exchanges throughout the country remained stable during the last open enrollment period. In New Jersey, however, this could be a double-edged sword. While more people in the state have been able to acquire insurance coverage through the state’s exchange, fewer people are able to keep up with the pace at which insurance premiums are growing. New Jersey exchange continues…