Car insurance premiums increase as income decreases

Marc
car insurance premiums breakdown

A new study revealed that the less a driver earns, the more he or she is likely to pay. The Consumer Federation of America (CFA) recently conducted a study on car insurance premiums. They compared the rates paid by white collar drivers with those of blue collar drivers. The research showed blue collar drivers pay a lot more than white collar drivers for auto insurance. Moreover, the difference wasn’t small. The research discovered a massive difference between the two. Blue collar drivers pay an average of $681 more than white…

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Private health insurance out of pocket costs spike sharply

Logan B.
Covered California exchange health insurance coverage

Even with coverage, patients visiting hospitals have found that the expenses they pay themselves are up 37 percent. The results of a recent study are adding even more evidence that private health insurance coverage isn’t stopping rising expenses. The research pointed specifically to high-deductible plans that are a top choice among employers. These keep premiums low but can lead to higher out of pocket expenses. Though this keeps the initial health plan costs down, it can add up at times when claims are made. Researchers from the University of Michigan…

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The Brexit insurance industry impact is already showing

Julie Campbell
Insurance company brexit strategy

One of the first things that happened following the announcement of the voting results was plummeting shares. Across the United Kingdom, the Brexit insurance industry impact was felt right away as the voting results were revealed. Shares throughout the sector plummeted, leaving investors and insurers reeling. Growing fears from experts appear to have taken an axe to stock prices. The main concern is the effect the Brexit will have on Lloyd’s of London, the massive insurance market. Lloyd’s currently enjoys a special appeal to other insurance companies. This is because…

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103K Minnesota health insurance customers need new coverage for 2017

G. Turner
Minnesota Health Insurance Trump Administration Lawsuit

Blue Cross and Blue Shield of Minnesota is stepping out of the state’s insurance exchange next year. Over 103,000 Minnesota health insurance customers are losing their coverage at the end of this year. This means that they will need to find a new health plan to protect them against medical expenses in 2017. Blue Cross and Blue Shield of Minnesota has announced its departure from the state’s insurance exchange. It is for that reason that so many individuals and families will need to scramble for new coverage in 2017. The…

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Zika travel insurance coverage isn’t on most policies

Julie Campbell
France flood insurance companies - Seine June 2016

Cancelling a trip as a result of the presence of this virus in the area is not covered in typical policies. Travelers looking for Zika travel insurance are surprised to learn that it’s not easy to find. The typical policy does not provide coverage for cancellation due to Zika virus risk. Insurance companies and health agencies are warning vacationers to inform themselves before booking. The CDC has released new guidance meant for doctors whose patients are pregnant. Those directions are also meant to focus on pregnant patients who have recently…

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