Live Insurance News

New Jersey homeowners insurance legislation results from report outcomes

February 20, 2015February 18, 2015 Julie Campbell

A lawmaker in the state has now introduced a bill to stop premiums from skyrocketing after one claim. A recent homeowners insurance study brought to light a certain issue with regards to the significant raising of premiums for New Jersey customers after they had made one claim on their policies. The report showed that this issue was present across the country, but New Jersey took this to heart. The results were reflected in an insuranceQuotes.com data analysis that determined that after one homeowners insurance claim had been made in 2014,…

Health insurance controversy emerges in Oregon

February 20, 2015February 19, 2015 Nordstrom

Oregon files lawsuit against Oracle concerning health insurance program The State of Oregon has filed a new lawsuit against Oracle concerning the state’s troubled health insurance program. According to the state, Oracle is currently planning to stop hosting Oregon’s Medicaid system, which could cause problems for people trying to enroll in the health insurance program. Oracle has been hosting the state’s Medicaid site, which serves as a way for state residents to sign up for the health insurance coverage that they need. Lawsuit aims to force Oracle to continue hosting…

11.4 million people sign up for health insurance coverage in the US

February 20, 2015February 18, 2015 S.Vagus

More than 11 million people have used insurance exchanges to find the coverage that they need The open enrollment period for health insurance exchanges in the United States has come to an end and the White House has announced that 11.4 million people signed up for coverage through these exchanges. Many people opted to seek out insurance coverage through these exchanges because of the availability of subsidies from the federal government. These subsidies are offered through the Affordable Care Act and have helped offset the cost of insurance policies for…

Workers compensation bill introduced by Tennessee lawmakers

February 19, 2015February 18, 2015 Julie Campbell

Should it become a law, it could provide an alternative to the state-mandated offering, within the free market. Tennessee Senator Mark Green (R-Clarksville), who is also the vice chair of the state Senate Commerce and Labor Committee, and who is also a physician, introduced a bill with Rep. Jeremy Durham (R-Franklin), the House Majority Whip, which was designed to create an alternative to the state-mandated workers compensation insurance and that would be sold in the free market. This new Tennessee Option has been created based on the design and models…

Health insurance enrollment period extended in Washington

February 19, 2015February 18, 2015 Logan B.

States begin extending the enrollment period for their insurance exchanges The open enrollment period for health insurance exchanges in the United States has come to an end, but that may soon change for many states in the country. In Washington, the enrollment period has been extended until the middle of April, which will allow more people to sign up for health insurance coverage through the state’s exchange. In other states, lawmakers are considering extension to the enrollment period, as well. Federal penalties encourage states to extend their enrollment periods in…