Live Insurance News

Washington health insurance exchange enrollment is growing quickly

December 29, 2014December 27, 2014 S.Vagus

State exchange reports 22,500 new people signed up for insurance coverage, with 70,000 renewals Washington’s health insurance exchange is performing quite well during this open enrollment period. According to reports from the exchange, approximately 22,500 new people have signed up for coverage through the exchange marketplace. Another 70,000 people have renewed the coverage that they purchased through the exchange during the last open enrollment period. Washington residents may have run out of time to purchase coverage that will go into effect on January 1, 2015. Policies purchased after Tuesday will…

Rideshare auto insurance struggles in France could end with 2015 Uber ban

December 26, 2014December 23, 2014 Julie Campbell

The country has now stated that it intends to end the availability of the service next year. The popular low cost rideshare service, Uber, has been facing a number of problems in terms of the details of its legalities, particularly when it comes to the auto insurance requirements, and France has now made a decision to put an end to all of it by simply banning the company from operating within the country. The French government made the announcement that the ban on Uber’s service would begin on January 1,…

New cyber security risk models may be needed for the insurance industry

December 26, 2014December 23, 2014 Nordstrom

RMS and AIR Worldwide are working to build new risk models focused on the digital space Two risk modeling companies serving the insurance industry are beginning to focus more heavily on the digital world, hoping to form better cyber attack risk models. RMS and AIR Worldwide have seen the risks in the digital world escalate over the past several years. These risks are becoming more prominent and the majority of the insurance industry may not be able to tackle these risks appropriately with existing, outdated risk models. Recent cyber attacks…

Health insurance navigators are available in North Carolina

December 26, 2014December 23, 2014 S.Vagus

Navigators can help consumers find coverage through the state’s health insurance exchange Those looking to purchase health insurance coverage from the North Carolina insurance exchange will be able to find additional help from navigators. These navigators are individuals trained in the various services that the exchange offers and can be instrumental in helping people find the coverage that is most appropriate for their situation. By law, navigators cannot work directly with insurance companies in order to avoid any conflict of interest. Instead, these people are associated with non-profit organizations. Navigators…

Homeowners insurance rate hike request in North Carolina denied

December 24, 2014December 22, 2014 Julie Campbell

North Carolina Homeowners Insurance Rates

The state has refused a recent request made by the industry to increase the premiums paid by policyholders. Wayne Goodwin, the Insurance Commissioner in North Carolina, has now denied the request made by the homeowners insurance industry, which had been for an average of 25.6 percent on the rates paid by policyholders across the state. This ruling followed a hearing that was held over 12 days, in October and into November to consider the proposal. That was the first homeowners insurance hearing of its kind that has taken place in…