Live Insurance News

Auto insurance rates could be dropping in Michigan

April 28, 2015April 25, 2015 Logan B.

Auto insurance coverage is expected to become less expensive in Michigan due to new measure Changes being made to Michigan’s auto insurance laws could mean lower premiums for consumers and lower costs for insurers. The state’s House Insurance Committee has approved a measure that would make changes to existing insurance legislation, which could bring down premiums by $100 every year for the next two years. The measure would also prevent health care providers from overcharging insurers when they treat victims of auto accidents. Health insurers will also not be able…

Auto insurance discount coming to Ontario drivers with snow tires

April 27, 2015April 25, 2015 Julie Campbell

Toronto Canada Auto ride share Insurance Discounts

The province has recently made its budget announcement and the government has continued its effort to lower rates. The Liberal government of Ontario, Canada, has now announced that it has made another line of changes to the auto insurance discount regulations in the province, as it continues its effort to bring down the costs associated to coverage for motorists. Among the regulations that have now been announced is one requiring auto insurance companies to reward drivers using snow tires. The provincial government also recently announced a number of other types…

Cybersecurity insurance news buzzes with new NAIC industry guidance

April 27, 2015April 25, 2015 G. Turner

The National Association of Insurance Commissioners has now taken on twelve new regulatory guidance principles. The National Association of Insurance Commissioners (NAIC), has recently announced its adoption of twelve Principles for Effective Cybersecurity Insurance Regulatory Guidance. This is an important move from this standards setting organization which is made up of regulators from across the country. These twelve cybersecurity insurance principles have come at a time in which the threats to the industry have been receiving a tremendous amount of time in the spotlight, particularly following the Anthem data breach.…

170,000 people sign up for the Washington health insurance exchange

April 27, 2015April 25, 2015 S.Vagus

More people find the coverage they need through the Washington insurance exchange An estimated 170,000 Washington residents have purchased health insurance coverage through the state’s exchange marketplace, according to information provided by the state. This is an increase in the number that purchased health insurance through the exchange during the first open enrollment period. Many people were able to take advantage of a special enrollment period, which offered consumers more time to sign up for coverage through the state’s exchange before they filed for taxes. Special enrollment period proves to…

Crop insurance eligibility requires producers to prove conservation efforts

April 24, 2015April 23, 2015 Julie Campbell

The U.S. Department of Agriculture has issued a reminder to growers with regards to 2014 Farm Bill requirements. A reminder has now been issued by the U.S. Department of Agriculture (USDA) to growers who wish to ensure that they are eligible for crop insurance, as they will also need to make a filing at their local USDA service center, of a Highly Erodible Land Conservation and Wetland Conservation Certification form (AD-1026). This form needs to be filed by June 1, 2015 in order to obtain premium support from the insurance…