Live Insurance News

Fire insurance policy used by Oregon to cover wildfires

September 5, 2014September 6, 2014 Julie Campbell

The state has already managed to burn its way through the deductible and is being assisted by its coverage. Oregon has now started to reach into its fire insurance coverage in order to help pay for the rising cost of battling wildfires in the state, and this is the second year in a row that it has been required to do so. This year, the number of acres that have been burned down have exceeded the average of the last decade. In fact, the wildfires in Oregon have tripled the…

Homeowners insurance costs in Florida are finally leveling off

September 5, 2014September 2, 2014 G. Turner

The state is approaching the hurricane season’s statistical peak very soon and property policies remain comparatively reasonable. Next Wednesday, on September 10, the hurricane season will has reached its peak, and so far, Florida has managed to make its way through another year without being affected by any serious storms, and this good luck has had a highly positive impact on the cost of homeowners insurance in the state. This was not the case when Hurricane Andrew struck the state and left devastation behind 22 years ago. That storm altered…

Health care reform could be keeping insurance rates steady

September 5, 2014September 3, 2014 Marc

Rate hikes for coverage in the US may be less serious than previously thought Consumers throughout the U.S. have been experiencing rate hikes for their health insurance coverage over the past few years. Rates have been growing at a rapid pace, placing many people under significant financial pressure. The Affordable Care Act is meant to resolve this issue by helping slow down the frequency at which insurance premiums increase, and the health care law may actually be succeeding in this endeavor. Early rate filings coming from many large insurance companies…

Health care reform law creates promising opportunities

September 5, 2014September 3, 2014 S.Vagus

Medical practices could face new challenges and favorable opportunities The Affordable Care Act has sparked a significant influx on new patients into the Medicaid program of some states. The law has given states the opportunity to expand their Medicaid programs in order to make insurance coverage more available to a wider range of consumers. The law has also allowed for the creation of insurance policies with high deductibles, which are sold through state insurance exchanges. For some state’s the health care reform law may be creating major revenue opportunities. Report…

Insurance news from Allstate fills purple purses for charity

September 4, 2014February 11, 2021 Julie Campbell

Allstate puple purse domestic violence fund

The insurer has started an online challenge to support nonprofits providing domestic violence services. Among the latest insurance news releases from Allstate is the announcement of the online Purple Purse Challenge that it has launched in order to spread awareness about domestic violence services while raising funds for 140 nonprofits that provide them. The Purple Purse Challenge is a national program that will boost awareness about financial abuse and domestic violence. This year, financial abuse has particularly been in the spotlight as it is among the least widely discussed forms…