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California legislation could extend health insurance coverage to undocumented immigrants

April 15, 2015April 13, 2015 Marc

1 million undocumented immigrants could gain access to health insurance coverage New legislation in California could make it possible for undocumented immigrants to receive health insurance coverage through the state’s Medicaid program and its insurance exchange. If successful, the legislation would expand coverage to an estimated 1 million immigrants that live in the state. The legislation is currently before the California Senate, where lawmakers are determining whether the initiative will be in the best interests of the state and its residents. Many could gain access to the state’s Medicaid program…

Insurance industry may gain access to drones

April 15, 2015April 13, 2015 S.Vagus

commercial drones crop insurance industry news

AIG receives approval to use drones to assess property damage The American International Group (AIG), one of the largest insurance providers in the United States, has announced that it has received approval to use drones to inspect properties throughout the country. This approval has come from the Federal Aviation Administration, which enforces strict regulations when it comes to the commercial use of drones. These drones are small aerial units that are controlled remotely. These drones are typically used for recreational purposes due to federal regulations. Commercial use of drones is…

Life insurance could become more affordable with a fitness tracker

April 14, 2015April 11, 2015 Julie Campbell

fitbit fitness tracker health care life insurance technology

For the first time in the U.S., an insurer is using the same idea as pay as you drive coverage, but for a person’s health. A life insurance company in the United States is now offering a service that represents a first for the country, in which wearing a tracker that will reveal an individual’s health, location, and body information to reveal healthy lifestyle habits and reduced risk opportunities that could bring about a discount for premiums. While some are seeing this as an interesting opportunities, others are calling this…

Ontario auto insurance customers may have overpaid by billions

April 14, 2015April 11, 2015 H. Cutner

The results of a new study have shown that drivers in the Canadian province may have been charged far too much. A new study conducted by the Schulich School of Business on behalf of the Ontario Trial Lawyers Association has revealed that drivers in Ontario, Canada, may have been paying billions of dollars too much for their auto insurance coverage. The research showed that from 2001 to 2013, drivers across the province paid between $3 and $4 billion too much. The study has pointed to the profit benchmark that was…

Earthquake insurance is becoming more important in California

April 14, 2015April 11, 2015 Logan B.

Homeowners may need to prepare for an earthquake with the right kind of insurance coverage The United States Geological Survey has released a report that warns that California may experience a major earthquake in the next 30 years. The report claims that an earthquake of a magnitude of 6.7 or higher is coming, but there is no telling exactly when in the next three decades the event will come. Those living in the state may need to prepare for the disaster, but most Californian homeowners are unaware that there is…