Live Insurance News

Wyoming health insurance exchange may be a success

December 17, 2014December 16, 2014 Marc

State’s insurance exchange is already showing promising results Wyoming’s health insurance exchange may be performing well. The exchange began open enrollment last month and since seem a surge of activity from those looking for affordable coverage. According to Stephen Goldstone, president and CEO of WINHealth, one of the insurer’s offering coverage through the exchange, WINHealth has had approximately 9,000 people enroll for coverage thus far in the open enrollment period. More people may find access to insurance coverage if state lawmakers decide to expand the Wyoming Medicaid program. Lawmakers debate…

Health insurance companies may not be complying with Texas regulations

December 17, 2014December 16, 2014 S.Vagus

Some insurers may be ignoring state regulations regarding transparency Many health insurance companies in Texas may not be complying with the state’s new regulations regarding transparency. The regulations require insurers to submit regular reports to the Texas Department of Insurance, detailing information concerning their health care networks. When insurers do not file reports, or if these reports are inadequate, state regulators are meant to take action, but public records have shown that this rarely happens. As such, many insurers may be circumventing regulations and avoiding regulators entirely. Small number of…

Health insurance shopping deadline in New York gets 5 day extension

December 16, 2014December 13, 2014 Julie Campbell

Residents of the state now have a little bit more time to be able to shop for their coverage. New Yorkers can now breath a little bit easier because they have just received an extension of five days for the deadline by which they must either purchase or renew their health insurance coverage through the state’s exchange. The deadline for enrollment through the online marketplace is now December 20 for coverage starting with 2015. This additional five days could make all the difference for many people who find this time…

Newly designed farm insurance is on its way

December 16, 2014December 13, 2014 H. Cutner

Farmers in Colorado are now preparing for the roll out of a new type of coverage for their businesses. Local farmers in Colorado are now preparing for two different meetings that are being held on farm insurance by way of the Farm Service Agency and that are designed to be highly informative about the new kind of coverage that will be rolling out. The new programs that will be starting through the 2014 Farm Bill will take over for previous broadly used plans. The new farm insurance programs will provide…

Berkshire Hathaway sees promise in Singapore’s insurance industry

December 16, 2014December 13, 2014 Logan B.

Warren Buffett Berkshire Hathaway Insurance industry

Berkshire Hathaway to sell non-life insurance coverage in Singapore Berkshire Hathaway, one of the world’s leading insurance conglomerates, is planning to begin selling non-life insurance coverage in Singapore. The company has been granted a license to sell such coverage in the country and this coverage will be sold through Berkshire Hathaway Specialty Insurance. The subsidiary was launched last year in order to accommodate with needs in the commercial insurance market and will begin doing business in Singapore in the near future. Company will underwrite property, casualty, and liability coverage in…