Live Insurance News

Life insurance case won by Frankie Valli

May 21, 2014May 22, 2014 Julie Campbell

A California court overturned a previous decision that the celebrity’s ex-wife would be able to claim the policy. Frankie Valli, celebrity and music legend, has been undergoing an extremely complex and messy divorce, which has involved a considerable case regarding whether or not his ex-wife would be able to claim his life insurance policy. This case looked into a common and very murky part of divorce law in California and how it involves policies. Although it had previously been decided that Randy Valli would be able to receive the full…

California wildfires get off to an early and costly start

May 19, 2014May 17, 2014 Julie Campbell

With a drought already in place, the season has begun in a disastrous way. The historic droughts that have already been wreaking havoc across the United States have kicked off California wildfires season earlier than usual, and the insurance industry is now predicting that the costs of the damage will be as high as $1.8 billion. This cost represents about $500,000 more than the amount available for fire control resources. The California wildfires aren’t the only ones that are now raging. Oklahoma has also found itself battling seven fires, already,…

California insurance agents are having trouble adapting to health care reform

May 1, 2014April 28, 2014 Logan B.

California insurance exchange creates some problems for agents Some insurance agents in California are encountering problems with the state’s insurance exchange, Covered California, as they begin to clash with the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The law allows consumers to keep their medical information private, giving them the option to divulge this information under certain circumstances. In the past, agents were able to obtain medical information from their clients with relative easy. Now, however, this information is becoming more difficult to acquire, which is having a…

Health care reform marketing isn’t reaching some ethnic groups

February 21, 2014February 18, 2014 Julie Campbell

Certain communities, such as Latinos, have not been enrolling in the exchanges as much as others. According to the latest data from the health care reform enrollments, Latinos are the ethnic group in the United States that has the greatest amount to gain from purchasing insurance plans but are also the group that are among the least likely to actually sign up. At least one in every three Latinos in the United States do not have health insurance. This is a far greater rate of enrollments among the Caucasians and…

California health insurance exchange for small businesses taken down

February 17, 2014February 15, 2014 G. Turner

The SHOP marketplace in the state is now no longer available for businesses shopping for coverage. The most populous state in the country has now decided to take down the California health insurance exchange that was meant for small businesses, likely only temporarily, only four months after it had opened its doors in the first place. This could be seen as yet another blow to the health care reform law for keeping costs down for employers. Officials in the state revealed that they would be suspending enrollments occurring online through…