Category: Insurance News Articles

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Auto insurance Uber tattling plan begins by Portland taxi drivers

Julie Campbell
electronic proof of auto insurance

The ride share service has been continue to operate illegally in the city and cabbies are working to stop them. The popular Uber ride share service has now been operating illegally for a couple of weeks in Portland and local cabbies are starting to help the police in the city to be able to take the service’s drivers off the roads by ratting them out to their auto insurance companies. It started on Friday when a tweet was made on the Radio Cab Twitter account encouraging cabbies to rat out…

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Health insurance enrollment up by 10,000 in Washington

G. Turner
washington health insurance exchange

The state has now reported this figure, which represents the number of sign-ups over the last few weeks. At the end of last week, the state of Washington released its figures for health insurance sign ups during the first few weeks of open enrollment, and what it said was that there have been about 10,000 residents of the state that have already taken part. In 2013, there were almost 50,000 people who had enrolled for private health plans during the first four weeks. Last year’s open enrollment for buying health…

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US House votes to extend terrorism insurance law

S.Vagus
terrorism insurance law

Insurers may benefit from extension of terrorism insurance initiative The U.S. House of Representatives has voted to extend the Terrorism Risk Insurance Act by another six years. The law went into effect in 2002 and has established a federal backstop that provides financial assistance for insurers offering coverage against acts of terrorism. The law has played a major role in ensuring that various industrial and commercial projects have the coverage they need to take form. Over the past year, the law has been the subject of legislative debate, with some…

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New health insurance in Hong Kong could reduce financial healthcare burden

Julie Campbell
Hong Kong health Insurance News

The policy is geared toward people up to the age of 75 and may reduce the expense shouldered by the government. The health insurance industry in Hong Kong is getting ready to launch a new form of coverage that is designed to cater to people in their 60s and early 70s, which could help to significantly ease the financial burden that has been weighing on government healthcare services. Recent predictions have shown that the cost of government health services could rise by over $36 billion (HK$285 billion) by 2041. This…

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California health insurance exchange on track to reach enrollment goal

Marc
California Health Insurance exchange popularity

Covered California is finding success in the most recent open enrollment period California’s health insurance exchange, Covered California, is reporting healthy enrollment numbers as the open enrollment period continues. The state has been working to promote the exchange as a place to find affordable insurance coverage for those that currently lack it. Promotional efforts seem to be paying off, as thousands of consumers have applied for coverage through Covered California. The state is currently on track to reach its goal of adding some 500,000 new consumers to the exchange during…

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