Long-term care insurance premiums to see massive increase in Kansas

S.Vagus
Long-Term Care Insurance Caregivers

State residents will see a major increase in their long-term care insurance premiums Kansas residents that have purchased long-term care insurance will be hit by significant rate increases in the near future. Policyholders have been reporting that they have been notified that they will see rate increases as high as 60%. The Kansas Insurance Department has confirmed that this is, indeed, the case, as regulators have approved significant rate increases coming from insurers. For many consumers, this may become a major financial burden that may mean they would lose their…

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Look out, health insurance marketplace, here comes Google

Julie Campbell
google health insurance

The tech giant has now announced that it has made a massive investment into a coverage startup. Last week, Google announced that it had made an investment of $32.5 million into Oscar Health Insurance Corp, which is a startup that has been drawing considerable interest as its angle could disrupt the traditional form of coverage and could shake up the power of the market leaders in the U.S., such as Anthem and UnitedHealth Group. The current valuation that the deal brings to Oscar has been calculated to be at $1.75…

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New inland marine insurance line launches from Berkshire Hathaway

H. Cutner
Marine Insurance

This has provided independent agents in this category with a new line of offerings for their customers. Berkshire Hathaway Specialty Insurance (BHSI) has now announced that it has launched a complete new line of inland marine insurance products within the United States, which are meant to be a complement to its existing contractor’s builder’s risk and ocean cargo coverages. There are a range of different products that are being offered within this new line of insurance policies. Among the types of coverage in this new inland marine insurance line are:…

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Illinois can no longer pay health insurance claims for state employees

Logan B.
Health Insurance Illinois

State agency cannot cover the cost of claims The Illinois Department of Central Management Services has announced that it will no longer be able to pay state employee health insurance claims without a state budget. The claims are coming from those that receive coverage through the State Employees Group Insurance Program. Since the agency can no longer pay for the claims being made by policyholders, some 150,000 people could face higher out-of-pocket costs associated with their health insurance coverage. Those with self-insured plans will be hit the hardest by lack…

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The Bill Cosby lawsuit filed by AIG is “draining” the celebrity’s resources

Julie Campbell
bill cosby lawsuit insurance coverage

The entertainer’s lawyers have stated that financial drains are decreasing his ability to successfully defend himself. The lawsuit that was filed by American International Group (AIG) against Bill Cosby has been considerably “draining” on the resources of the celebrity, who is now saying (by way of his lawyers) that this is seriously cutting into his ability to present a successful defense for himself against the allegations of sexual abuse. The reason is that Cosby is currently being required to defend himself simultaneously against several suits. Lawyers representing Bill Cosby told…

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