Live Insurance News

Affordable Care Act leads to spike in health insurance premiums

April 2, 2015April 1, 2015 Nordstrom

Premiums are higher due to the provisions of the Affordable Care Act The Affordable Care Act has lead to a significant increase in health insurance premiums, according to an analysis from the Heritage Foundation. Though the Affordable Care Act was signed into law five years ago, it has only been two years since the majority of its provisions have been implemented. This has caused insurance premiums to rise dramatically for many consumers in the United States. This may not be surprising, however, as the law requires insurers to provide coverage…

Lack of auto insurance can now be detected through license plates

April 1, 2015March 30, 2015 Julie Campbell

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Police in Michigan can now run the plates of a vehicle to determine whether or not it is insured. Drivers on the streets of Michigan now have more incentive to ensure that they obtain the legally required auto insurance for their vehicles, as police have just been armed with a new and much easier way to identify uninsured motorists. Simply by running a vehicle’s plates, police are able to know whether or not there is an insurance policy present. The technology will become available to police officers in mid-September and…

Uber continues to tackle auto insurance challenge

April 1, 2015March 30, 2015 Marc

Uber is at the heart of controversy involving auto insurance coverage Uber is the subject of new auto insurance regulations that may go into effect in the United States, of which it is opposed to. The ride-share company notes that one of its greatest challenges is ensuring that its drivers have the appropriate level of insurance coverage. In recent years, ride-share companies have been criticized for the insurance policies they offer to their drivers, they have also generated some controversy in several states, especially among taxi operators who claim that…

Life insurance controversy sparked in the United Kingdom

April 1, 2015March 30, 2015 S.Vagus

Financial Conduct Authority criticized for breaking its own rules The Financial Conduct Authority, a financial regulatory body in the United Kingdom, may have mishandled its review of the life insurance industry last year, according to a report from a committee of members of the British Parliament. The report is the latest development in ongoing controversy regarding the Financial Conduct Authority’s plans to review the life insurance sector. This review has had a significant impact on the sector, with the regulatory body wiping some $4 billion off the value of insurance…

April is Alcohol Awareness Month: How will you participate?

March 31, 2015March 28, 2015 Julie Campbell

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This month is sponsored every year by the National Council on Alcoholism and Drug Dependence (NCADD). Since 1987, the NCADD has been sponsoring Alcohol Awareness Month for the purpose of boosting overall public understanding and recognition of this issue and to reduce the stigma that has formed around the disease which is all too frequently a barrier to seeking help by families and individuals. This year represents the 27th anniversary and the theme chosen by the NCADD is “Help for Today. Hope For Tomorrow”. The theme of the Alcohol Awareness…