Live Insurance News

Agents may be responsible for success of state’s health insurance exchange

May 15, 2014May 14, 2014 Marc

Insurance exchange reaches enrollment goals with the help of agents California officials have been boasting about the state’s insurance exchange achieving its enrollment goals, but insurance agents, rather than the exchange itself, may be the reason behind the high rate of enrollments. Covered California has been working to market its insurance services to consumers throughout the state for several months. The exchange encountered modest technical difficulties that had made the enrollment process problematic for many people, but these issues were overcome fairly quickly. Despite other problems, the exchange was able…

California faces a new problem with health care reform

January 31, 2014January 29, 2014 Logan B.

New health insurance issue erupts in California A new health insurance problem has emerged in California and several hundred consumers have already been affected by it. Late last year, many people throughout the state received notifications from their insurance provider informing them that their coverage would be canceled due to the health care reform law. Many of those with cancelled policies went to the state’s insurance exchange in order to find new coverage. In most cases, consumers were able to find less expensive coverage with better benefits, but now many…

California health insurance exchange revises payment deadline

January 8, 2014January 6, 2014 Marc

Covered California offers people more time to pay for their coverage The California health insurance exchange, called Covered California, has recently witnessed a massive influx of new enrollees which has caused exchange officials to revise the deadline on payments for insurance coverage. Policies sold through Covered California went active on January 1 and that had been the initial payment deadline for those that have received coverage through the exchange. Policyholders will now have more time to pay for their coverage due to a revised payment deadline. New deadline set for…

California health insurance exchange still has challenges to overcome

December 13, 2013December 10, 2013 S.Vagus

Exchange has a backlog of over 25,000 physical applications The California health insurance exchange, called Covered California, has a backlog of over 25,000 paper applications. Consumers have been scrambling to apply for coverage through the state-run exchange, but have encountered several problems in doing so over the Internet. The exchange suffered from crippling technical issues during the early stages of its launch, but many of these issues have been resolved. Unfortunately, those seeking out coverage through physical applications have encountered other problems that have left them in the dark concerning…

Health insurance issues place regulators in a difficult position

November 26, 2013November 25, 2013 Logan B.

Health insurance regulations continue to cause problems Insurance Commissioners throughout the U.S. have been placed in a difficult situation. Earlier this month, President Obama announced that insurance companies could continue to honor substandard health insurance policies rather than cancelling these policies because they do not comply with the standards of the Affordable Care Act. This is meant to create a transition period wherein consumers can have a reprieve from cancellations and insurers can better prepare to comply with federal law. The problem, however, is that many Insurance Commissioners have been…

Flood insurance rates spike in California

November 21, 2013November 19, 2013 S.Vagus

California homeowners may soon contend with higher flood insurance premiums A sudden increase of flood insurance rates in the U.S. may soon force people from their homes. Rising flood insurance costs have become quite common in states like Florida and Louisiana, both of which experience a high degree of exposure to natural disasters. Homeowners in the San Francisco Bay Area may be feeling a great deal of financial pressure from the latest hike in flood insurance rates, however. For many, this coverage may soon become too costly to manage. Rates…

Report highlights growth of auto insurance rates in the US

November 20, 2013November 19, 2013 Logan B.

Auto insurance rates have been on the rise for the past 25 years The Consumer Federation of America has released a new study highlighting auto insurance rates throughout the U.S. According to the study, auto insurance rates have been on the rise for the past 25 years. The only state that has shown any significant average decrease in these rates has been California. As auto insurance rates continue to rise throughout the country, coverage may be getting too expensive for some drivers to afford. This could lead to many people…