Live Insurance News

Health insurance plans will be offered by six insurers in Iowa

July 4, 2013July 2, 2013 G. Turner

Half a dozen providers have already applied to be able to offer their plans on the state’s exchange. Although six health insurance companies have already applied to be able to sell their policies on the Iowa exchange, having made their submissions to do so by the deadline last Sunday. However, the largest insurer in the state was not among those who opted to participate in the marketplace. The largest health insurance company in Iowa, Wellmark Blue Cross/Blue Shield, currently has about 2 million policyholders in that state and South Dakota.…

Health insurance major requirement delayed by Obama

July 3, 2013July 3, 2013 Julie Campbell

The president has unexpectedly announced a delay to the law requiring many businesses to offer coverage. President Obama shocked the nation with an announcement that was made in a significant concession to business groups, as the administration allowed for a delay in one of the central health insurance components of the healthcare law. This change was to a deadline for one of the components at the heart of the healthcare reform law. Now, many businesses that would have been required to offer health insurance to their employees as of January…

Health insurance deadlines for exchanges will be tight

July 2, 2013July 1, 2013 G. Turner

The dates are rapidly approaching and states and IT firms are scrambling to have everything finished in time. IT firms are in the midst of creating health insurance exchanges that are cloud based and allow for connection with both the states and a federal data hub in order to support determination of eligibility for users. However, the deadline for open enrollment is October 1, and that time is rushing up very quickly. The health insurance exchanges must be open and ready for enrollment by October 1, 2013, according to the…

Health insurance exchange campaign from HHS underway

June 28, 2013June 26, 2013 Julie Campbell

Considerable efforts from a new call center to a revamped website have been created to educate people about the changes. The Department of Health and Human Services has now launched a new campaign to help to spread the word about the health insurance exchanges, what they’re about, and how they will be used starting in October when the open enrollment begins. This campaign has been launched to make sure that Americans can easily gain all the information they require. In an effort to help to enroll millions of people through…

Insurance news made by Mayor of London

June 27, 2013June 25, 2013 G. Turner

Boris Johnson made a speech in which he identified the industry as “crucial” to the U.K. economy. The Mayor of London, Boris Johnson, spoke in front of an audience primarily made up of Lloyd’s market participants and made insurance news by underscoring the critical role that is played by the market in the economy of London. He also pointed out that there is a need to boost international investment in the city. Johnson spoke within the historic Underwriting Room alongside John Nelson, the chairman of Lloyd’s. Together, the insurance news…