Live Insurance News

Health insurance data breach exposes data of 11 million consumers

March 19, 2015March 18, 2015 Logan B.

Premera Blue Cross has revealed that it was the victim of a major data breach Another health insurance company has revealed that it has been the victim of a major data breach from hackers. Premera Blue Cross has confirmed that hackers have breached its consumer database, with malicious attacks going as far back as May 2014. The insurer believes that the financial and medical information of 11 million people may have been exposed in the attack. If true, this would make the attack the largest of its kind against a…

HHS estimates 16 million people have received health insurance coverage

March 19, 2015March 18, 2015 Nordstrom

Health Insurance coverage - uninsured drops

Health care reform increases the accessibility of insurance coverage The Affordable Care Act has helped more than 16 million people in the United States gain health insurance, according to information from the Department of Health and Human Services. A recent survey from Gallup, called the Gallup-Healthways Well-Being Index, suggests that the number is closer to 9 million, however. Whatever the case may be, health care reform has reduced the number of uninsured people throughout the country, which may be a significant victory. Federal law continues to be somewhat controversial The…

Homeowners insurance lawsuit filed by Sandy Hook families

March 18, 2015March 16, 2015 Julie Campbell

The suit has been filed by the victims of the tragedy, against the property coverage of Nancy Lanza. A total of nine parents of the victims of the Sandy Hook school’s heartbreaking tragedy have now filed a lawsuit against the homeowners insurance of the late Nancy Lanza, marking a new turn in the story of this vicious attack. These new lawsuits against the insurance policy were first reported on March 13, following reports of other suits. About three months ago, a number of the families of the victims of the…

Consumer data rules could affect the insurance industry in Europe

March 18, 2015March 16, 2015 Marc

EU introduces draft regulation that is meant to protect consumer information Protecting consumer data is becoming a more important issue for the insurance industry. In Europe, insurance companies may have to take the security of personal data more seriously, pending new rules being debated by the European Union. The European Union has released a draft regulation concerning the protection of consumer data. Protection standards for the draft regulation were initially introduced by the European Commission in 2012 in order to address issues concerning advancing technology and the globalization of the…

Special enrollment period open for those without health insurance coverage

March 18, 2015March 16, 2015 S.Vagus

Those without insurance could find coverage through federal exchanges through new enrollment period A special enrollment period will be open for those without health insurance coverage in the United States. The enrollment period is meant for those that have recently discovered that they will be subject to financial penalties for being uninsured. The Centers for Medicare and Medicaid Services cited a recent survey that found as many as 40% of uninsured people were unaware of federal penalties for lacking coverage. The special enrollment period could help solve this problem. Special…