Live Insurance News

State-run health insurance exchanges struggle to find enrollees

April 10, 2015April 9, 2015 S.Vagus

online health insurance technology exchange

Enrollment in state-run exchange is going down, study shows A new study from Avalere Health and the Kaiser Family Foundation shows that enrollment in state-run health insurance exchanges is lackluster. Several states opted to operate their own health insurance exchanges, which gave them more control over their respective insurance markets, but others decided to allow the federal government to build and manage these exchanges. The study shows that enrollment in state-run exchanges has been falling, while enrollment in federal exchanges has managed to increase. Study highlights a 12% decrease in…

Deceptive travel insurance practices scrutinized by California and Florida

April 9, 2015April 8, 2015 Julie Campbell

The two states have released statements with regards to sketchy opt-out rules from some companies. California and Florida have both now issued their own statements with regards to certain selling practices that have been adopted with regards to travel insurance and the opt-out methods that are used extremely regularly. The states feel that these methods of selling the travel coverage are deceptive and are hoping to promote change. The first statement was issued by Florida in February, when the state’s Office of Insurance Regulation produced an informal memorandum. Within it,…

Flood insurance may be in jeopardy in Oklahoma

April 9, 2015April 8, 2015 Logan B.

New legislations could make flood insurance inaccessible in the state Flood insurance may become more difficult to obtain for homeowners in Oklahoma if new legislations take effect. The Oklahoma Floodplain Managers Association has warned state lawmakers that new legislations that are making their way through both the Senate and the House of Representatives could mean that the state can no longer participate in the National Flood Insurance Program. The federal program is typically the only place that homeowners throughout the country can find flood insurance protection. Legislations seek to prohibit…

Health insurance plan in Florida may be set aside, for now

April 9, 2015April 8, 2015 S.Vagus

State may not be able to support the expansion of its Medicaid program at this time Plans to expand Florida’s Medicaid program may be stalling as the state’s governor, Rick Scott, withdraws his support for such an initiative. Governor Scott had been a supporter of the concept of expanding Medicaid for some time, suggesting changes to the state budget in order to accommodate the initiative. Expanding Medicaid would have brought federal funds to the state, which would have helped cover the cost of the expansion and make health insurance coverage…

California Insurance rates from Allstate cause Commissioner and consumer advocate divide

April 8, 2015April 6, 2015 Julie Campbell

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Though Dave Jones and Harvey Rosenfield have traditionally collaborated, a recent issue has led to a split. The California Insurance Commissioner, Dave Jones, and advocate from Consumer Watchdog, Harvey Rosenfield, have traditionally held very similar beliefs when it came to the industry and its insurance rates. That said, this trend appears to have changed when it comes to the rates being charged by Allstate. Rosenfield, who hails from Santa Monica, was the author of Proposition 103, a ballot measure from 1988, which converted the position of insurance commissioner in the…