Live Insurance News

New health insurance legislation passed in Texas

June 3, 2015June 1, 2015 Marc

Health insurance cards for policies sold through state exchange will have a QHP label New legislation in Texas will place a special label on all health insurance cards for those that have purchased plans through the state’s exchange. This label — QHP — will be affixed to insurance cards to denote that policyholders have purchased coverage through the state’s exchange. The label stands for “qualified health plans,” which are policies that are approved to be sold through the health insurance exchange marketplace. This may serve as a “teachable” moment for…

Farmers offers new rideshare auto insurance policy in California

June 3, 2015June 1, 2015 S.Vagus

Farmers has received approval to offer new insurance product in California Farmers Insurance Group has launched a new auto insurance product in California, with the approval of the state’s insurance regulators. Now, drivers that work for rideshare companies like Uber and Lyft will be able to obtain more coverage, protecting them from potential worst-case scenarios. The coverage is designed to address gaps in the coverage that these companies provide, though both Uber and Lyft claim that such gaps do not exist. Both companies have received some criticism for what is…

More affordable auto insurance alternative sought by Detroit mayor

June 2, 2015June 2, 2015 Julie Campbell

Mayor Mike Duggan has now asked the Michigan Legislature to give the nod to this type of coverage. Last week, Detroit Mayor Mike Duggan spoke to the State Senate Insurance Committee with regards to a plan that he believes would make it possible for residents of his city to opt out of the Michigan Catastrophic Claims Association and to be able to buy a lower but more affordable type of medical plan to comply with the auto insurance laws. The mayor has referred to this type of new alternative coverage…

Are teacher insurance benefits expenses making the job cost prohibitive?

June 2, 2015May 30, 2015 H. Cutner

The latest increases for educators in Alabama have people wondering if the position will lose its appeal. Budget struggles in Alabama will likely be sending the out of pocket expenses for teacher insurance benefits upward, yet again, and while it may not have been as dramatic as some had predicted, it is still an added cost and there are worries with regards to the impact that this could have on the profession of the educator. The issue is that teachers will be paying higher insurance rates for their coverage which…

Legislation aims to expand health insurance in California

June 2, 2015May 30, 2015 Logan B.

State seeks to make insurance coverage accessible to undocumented residents New legislation in California could extend health insurance coverage to undocumented residents. The legislation is currently being considered by the California State Senate Appropriations Committee. If the legislation manages to make its way through the legislative process and becomes law, undocumented immigrants will gain access to health insurance benefits and, perhaps, subsidies that will allow them to afford the coverage that they need. This coverage would be available through the state’s insurance exchange. Estimated 1 million undocumented residents lack insurance…