Live Insurance News

Mercy Health and Anthem strike health insurance deal

October 6, 2023October 5, 2023 Logan B.

The companies have come to an agreement that will keep the care provider in the insurer’s network. Mercy Health has announced that it will remain in Anthem’s health insurance network now that the companies have arrived at a deal. This means that the insurer’s members will be able to seek care through that healthcare system. The Catholic healthcare system in Ohio and Kentucky will be available to Anthem health insurance members on the Medicaid, Medicare Advantage and employer-based coverage plans. According to the new agreement, this will extend through to…

$52 million in life insurance benefits recovered in Colorado

October 5, 2023October 4, 2023 Nordstrom

The state’s Consumer Services Team from the Division of Insurance recovered the money. The Colorado Department of Regulatory Agencies’ (DORA) Division of Insurance (DOI) has recovered a substantial amount of life insurance benefits money over the last few months. The DOI received three complaints since November 2022, leading to $4.5 million in found benefits. Beyond the money recovered from the investigation that occurred following the complaints, another $48 million in benefits have been found in Colorado from the Life Insurance Lost Policy Locator. The benefits recovered in November 2022 following…

Mercury Insurance says California’s bodily injury costs are rising

October 4, 2023October 3, 2023 G. Turner

Mercury Insurance - bodily injury - broken arm

The insurer’s new umbrella coverage provides Californians with enhanced protection against these claims. Mercury Insurance has announced that it has relaunched its umbrella coverage after a redesign in order to provide Californians with an added protection layer above what a standard home or auto policy has to offer. The coverage is meant as an added safety net in a state that is becoming increasingly litigious. A news release from Mercury Insurance said that liability claim amounts are now 66 percent higher than they were before the pandemic, having climbed with…

Blue Cross claims Ford’s health insurance lawsuit was filed too late

September 1, 2023August 31, 2023 Logan B.

According to the insurer, the automaker took too long to file the suit accusing them of conspiracy. Blue Cross Blue Shield Association and that health insurance company’s Michigan affiliate are seeking to have a US judge dismiss a lawsuit filed against them by Ford Motor Co. Ford accused the insurer of an artificial inflation conspiracy for how much the automaker paid in premiums. The automaker stated that the insurer was recording higher health insurance premiums and other commercial medical coverage services expenses that were being paid. The lawsuit included two…

Insurance companies face probe into fossil fuel industry funding behaviors

June 19, 2023June 17, 2023 Julie Campbell

Insurance Companies - Fossil Fuel Investments

US lawmakers are investigating a possible contradiction in investments made by insurers. Insurance companies have been whittling down the coverage they provide in states facing extreme climate risks because the risks in those locations are considered to be too costly for their businesses to survive. However, lawmakers say several insurers are making these claims despite continuing to invest in fossil fuels. US lawmakers have therefore launched an investigation into seven large US insurance companies for pointing to climate change as a reason for reducing coverage in certain states, while continuing…