Live Insurance News

Health insurance benefits regulations released by HHS

November 23, 2012April 30, 2013

The department has now provided additional information to assist the states. The U.S. Department of Health and Human Services has now issued additional details regarding health insurance benefits requirements that have to do with coverage of prescription drugs. The cover has now been further strengthened for the millions of people who will be buying plans. These prescription drug benefits regulations will apply to health insurance policies that will come available late in 2013, in time for the official complete opening of the state exchanges, as per the overall healthcare overhaul…

New title insurance policy approved by Florida regulators

November 22, 2012December 1, 2012 Nordstrom

Title insurance continues to be difficult subject in Florida Title insurance in Florida has long been a tricky business. The state is considered a high risk market due to its exposure to hurricanes and tropical storms coming through the Gulf of Mexico. As such, the title insurance maerket in Florida can be difficult to navigate for some consumers more than in other states. This often creates problems for consumers, but there may be some relief in sight as the Florida Office of Insurance Regulations approves new measures to ensure the accessibility of affordable insurance…

Hurricane Sandy sparks aggressive support from New York officials

November 22, 2012November 20, 2012 Marc

New York officials mobilize to help victims in wake of Hurricane Sandy Homeowners in New York are still reeling in the wake of Hurricane Sandy, which struck the state and its neighbors in late October. The storm proved to overcome expectations of its strengths and caused havoc throughout the state, generating widespread floods and claiming 131 lives in the U.S. Insurers are still evaluating the damage caused by the storm, but estimates concerning Hurricane Sandy’s impact suggest that the storm caused some $50 billion in damages. Staten Island residents find…

Health insurance exchange in Missouri may still be state run

November 22, 2012April 30, 2013

Though the state may have said that it won’t be running its own marketplace, the issue drags on. The state of Missouri has already informed federal officials that it will not be creating its own health insurance exchange, but this has not closed the issue altogether. The extension of the deadline by the Department of Health and Human Services has encouraged further discussion. The state has now been talking about whether a health insurance exchange may be run by the state at some point in the future. The deadline change,…

Insurance news in Florida made when Governor contacted Citizens

November 22, 2012November 20, 2012 Julie Campbell

Florida homeowners insurance, Citizens Property

Gov. Rick Scott is seeking to find out why the state-backed insurer fired its corporate integrity team. The Governor of Florida, Rick Scott, has made insurance news by throwing in his support for the efforts to investigate why the corporate integrity team was let go from the state’s insurer of last resort, Citizens Property Insurance Corp. The Chief Inspector General, Melinda Miguel, has now been assigned to investigate the event. On Monday, Governor Scott directed the Chief Inspector General to look into the termination of the watchdog team – which…