Six insurance brokers file a lawsuit against the state’s exchange Nevada’s health insurance exchange has become the subject of yet another lawsuit. Six insurance brokers working in the state have filed a lawsuit against the exchange in the Clark County District Court. The lawsuit claims that the Silver State Health Insurance Exchange and Xerox, which developed the exchange’s website, have failed to pay commissions to brokers. This has been a longstanding issue that has received relatively little attention over the past few months. Brokers are collectively owed more than $200,000…
Read MoreEarthquake insurance is too expensive to be worth the risk in California
For many people in the state, the premiums are higher than the perception of the threat. Just over a week ago, the Napa Valley of California was shaken by a 6.0 magnitude tremor that led to surprising amounts of damage, particularly in terms of broken bottles of alcohol, but at the same time, on the whole, homeowners and business owners still feel that earthquake insurance is too expensive to be worthwhile. Even some of the companies most affected were not convinced that insurance coverage would be worth the price. Despite…
Read MoreHealth insurance exchange glitches threaten policies for some consumers
Despite the fact that many people have resubmitted their citizenship and immigration information, problems continue. More than 310,000 people across the United States were recently told that they must resubmit their citizenship or immigration documentation to the government by the end of this week in order to prove that they are eligible for the health insurance coverage that they had purchased through the state or federal exchanges, but now they are facing another threat to their protection. The glitches that remain in the Healthcare.gov site are getting in the way…
Read MoreThousands could lose their health insurance due to website glitches
Many people are in danger of losing their insurance coverage because of information discrepancies Thousands of consumers throughout the U.S. are at risk of losing their health insurance coverage due to discrepancies with the information they provided to insurance exchanges. The federal Department of Health and Human Services has been working with many people to ensure that this does not happen, but ongoing problems with state-based exchanges may be making the issue more problematic than it already is. HealthCare.gov is unable to handle consumer information Many of those that have…
Read MoreUber and Lyft withdraw opposition to auto insurance bill
Legislation in California aims to change the way insurance works for ride-share companies Ride-sharing companies Uber and Lyft have been working together to combat legislation in California that would make changes to the state’s auto insurance requirements. The two companies typically compete with one another quite aggressively, but have become allies because of this controversial legislation. The legislation in question, Assembly Bill 2293, aims to place higher insurance requirements on both companies and the drivers that they hire. Uber and Lyft believe that these higher requirements would have a negative…
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