Live Insurance News

Pennsylvania workers compensation rates to be reduced

March 31, 2015March 28, 2015 H. Cutner

The state will be slashing back these insurance rates by 5.99 percent, beginning with the start of April. Pennsylvania has announced that it will be reducing its rates for workers compensation by 5.99 percent, and that this new level will become effective as of April 1, in a decision that is hoped to provide businesses with a considerable savings. In fact, the Wolf administration has said that the savings to businesses has been estimated at $140 million. The governor of Pennsylvania, Tom Wolf, explained that “These rate reductions will go…

1,100 homeowners insurance claims generated after Oklahoma storms

March 31, 2015March 28, 2015 Logan B.

Oklahoma Insurance Department sheds light on recent disasters and offers advice The Oklahoma Insurance Department has released information that shows that 1,100 homeowners insurance claims have been generated by storms that hit the state earlier in the week. The state fell victim to powerful storms that generated tornadoes and caused a significant amount of property damage. Many homeowners were affected by the disasters that struck the state and more claims may be filed in the coming weeks as property owners continue to assess the damage. Tornadoes have caused significant damage…

Airline liability insurance may be unlimited in Germanwings crash

March 30, 2015March 28, 2015 Julie Campbell

mountain alps airline liability insurance plane crash

The subsidiary of Lufthansa could be facing claims in the multi-million dollar range, well above the usual cap. Germanwings, the subsidiary of Lufthansa that saw one of its jets fly into a mountain in the Alps, could be facing larger airline liability insurance claims than are typical in this type of scenario, according to some lawyers in the aviation industry. Whether or not a cap will remain in place will greatly depend on whether the airline is seen as negligent. According to prosecutors in the case, the young co-pilot from…

Addiction insurance in health plans should not be overlooked

March 30, 2015March 28, 2015 G. Turner

A Chicago based company is encouraging policyholders to review their coverage for a better understanding. Gateway Alcohol & Drug Treatment, a company based in Chicago, has been attempting to spread awareness of addiction insurance among Illinois residents who may not even realize that their health plans may now offer them a range of different alcohol and rehab benefits. The health care reform has added substance abuse treatment to many policies but policyholders may not realize it. The organization is encouraging people in Illinois to check on their coverage, even if…

US health insurance industry is doing well, according to report

March 30, 2015March 28, 2015 S.Vagus

Report from Commonwealth Fund shows that the health insurance industry is faring well A new report from the Commonwealth Fund shows that the health insurance industry is doing quite well. There have been concerns that the insurance industry in the United States may suffer as a result of the Affordable Care Act. The legislation was signed into law in 2010 and some insurers had expressed worry over some of the provisions of the federal law. These concerns had to do with how the law would affect the way they do…