Live Insurance News

Auto insurance rates are high in Detroit

September 16, 2014September 17, 2014 S.Vagus

Detroit is home to some of the highest car insurance rates in the country Owning a vehicle in Detroit, Michigan, is quite expensive, according to a new study from InsuranceQuotes.com. The study highlights the cost of auto insurance coverage throughout the U.S., taking note of where insurance rates are highest. Notably, Detroit is home to some of the highest insurance premiums in the U.S. The city’s rates are even higher than those found in New York City, where auto insurance has long been plagued by fraud and other issues. Rates…

Earthquake Insurance Affordability Act may become higher priority

September 15, 2014September 15, 2014 Julie Campbell

A couple of California Senators have issued a letter calling for a hearing on the law following the recent quake. In response to the quake that shook the Napa Valley near the end of last month, which has recently caused President Obama to declare the situation to be a major disaster, two senators are now calling for a hearing that will focus on the Earthquake Insurance Affordability Act. The two senators that issued the news release are Dianne Feinstein (D-CA) and Senator Barbara Boxer (D-CA). The two senators are hoping…

Auto insurance policy from Uber outlined at hearing

September 15, 2014September 13, 2014 G. Turner

The ride share service has spoken before the Pennsylvania Public Utility Commission with coverage details. A spokespersion representing Uber – the popular ride sharing service – has now testified with regards to the auto insurance policies held by the company, before the Pennsylvania Public Utility Commission. This provided details with respect to the coverage that extends to the drivers and vehicles used for the ride sharing platform. That said, despites the coverage details that were outlined, a representative of the Pennsylvania Insurance Federation spoke out against the provided protection. That…

Alaska stands up for its health insurance rate review process

September 15, 2014September 13, 2014 Logan B.

Alaskan spokeswoman notes that the state’s rate review process is adequate Alaska’s Division of Insurance has not applied for grants from the federal government to review health insurance premium increases. According to a spokeswoman for Governor Sean Parnell, Sharon Leighow, the state does not need federal grants because its rate review process is adequate. This is contrary to an assessment offered by the U.S. Department of Health and Human Services, which suggests that insurance coverage could be made more affordable in Alaska if the state had a better rate review…

Health insurance premiums for family coverage are on the rise

September 15, 2014September 13, 2014 S.Vagus

Premiums for family plans offered by businesses are growing Premiums for employer-sponsored family health insurance plans rose for the third consecutive year, according to a survey from the Kaiser Family Foundation and the Health Research & Educational Trust. Insurance rates have been climbing despite certain provisions of the Affordable Care Act becoming active this year. These provisions had been meant to offset the rate at which insurance premiums were increasing, but they have only proven to be moderately successful. Study shows modest increase in cost of family policies The study…