Live Insurance News

Property insurance rate reform may be on its way in North Carolina

April 7, 2015April 5, 2015 H. Cutner

coastal flood property insurance north carolina

Coastal leaders are seeking new ways to settle these rates, underscoring that this will benefit policyholders across the state. In North Carolina, coastal leaders are currently leading an effort to reform the property insurance rate setting process, while still making sure to point out that the legislation that they are proposing would be to the benefit of people across the entire state and not just those who have homes along the coastlines. The reforms would be based on the belief that there is a flaw in the current rate calculation…

Legislation in Georgia increases auto insurance requirements for ride-share firms

April 7, 2015April 5, 2015 Logan B.

Legislation requires ride-share companies to improve their auto insurance policies New legislation in Georgia will require ride-sharing services Uber and Lyft to increase their auto insurance coverage. The legislation, called House Bill 190, won the approval of the state’s House of Representatives and is currently awaiting the signature of Governor Nathan Deal before it can be enacted. Ride-share companies have become a hot topic in the insurance space, as well as in the transportation services industry. These companies offer inexpensive transportation, but there have been concerns that the auto insurance…

Could home DNA tests bring bad insurance news?

April 6, 2015April 5, 2015 Julie Campbell

Following the preventative surgeries undergone by Angelina Jolie, many are considering an examination of their genetics. Recently, Angelina Jolie made a public announcement of having made another decision to undergo surgery in order to protect herself against a high risk of certain cancers, following DNA tests that revealed her possibilities of the disease, but while many feel that this could be a good idea for them, as well, it may also bring unexpected insurance news. Home DNA testing is suddenly increasing in popularity following the announcements made by the celebrity.…

Wildfire insurance could continue in Oregon, but at a cost

April 6, 2015April 5, 2015 G. Turner

California wildfire insurance fire season homeowners

The state will be able to continue to purchase its unique coverage, but with a higher deductible and premium. Lloyd’s of London has now offered Oregon wildfire insurance coverage of up to $25 million for the upcoming season, but it will involve a greater expense than in previous years and the deductible will be notably higher. For instance, the coverage that will be provided will kick in only after the state has paid a $50 million deductible. After that deductible has been paid, the wildfire insurance coverage being provided by…

Health insurance initiative struck down in Tennessee

April 6, 2015April 5, 2015 S.Vagus

Insure Tennessee fails to win the approval of a Senate committee Insure Tennessee, an initiative that would have expanded access to health insurance in Tennessee, has failed to meet approval of a Senate committee for the second time. The initiative was meant to expand the state’s Medicaid program, which would have brought insurance coverage to some 280,000 people living in the state. Insure Tennessee was the endeavor of Governor Bill Haslam, who has been seeking to expand Medicaid in the state for some time. Initiative was unable to gain legislative…