Live Insurance News

Three large insurers opt out of California health insurance exchange

May 27, 2013May 28, 2013 Marc

Health insurance companies choose to opt out of exchange program California’s health insurance exchange, called Covered California, is beginning to take shape as it inches closer to becoming fully active at the end of this year. The exchange has been accepting policy applications from numerous health insurance companies throughout the state, all of which seem eager to participate in the exchange system. Three of the state’s largest insurers, however, have decided to opt out of the exchange program, at least for the first year of its operation. Decision could limit…

Health insurance award winner in the United Kingdom has been named

November 10, 2012November 10, 2012 Nordstrom

Cigna has been awarded the coveted Best Group International Private Medical Insurance Provider title. The results of the 2012 Health Insurance Awards are in, and the announcements have now been made at the Grosvenor Hotel in London, England, where Cigna has now been named the top provider. The titles for the annual medical and protection event were presented by Ed Byrne, renowned Irish comedian. The health insurance awards are designed to honor professionalism and excellence within that sector of the industry. According to the Cigna Global Health Benefits, Europe,…

Siegel+Gale releases new insurance industry survey

October 25, 2012October 25, 2012 Nordstrom

Complexity of insurance industry noted in new Siegel+Gale survey Insurance can be a complicated matter. While many insurers offer coverage that is somewhat straightforward in concept, the language used in policies can be profoundly confusing, even for those well versed in insurance legalese. Insurance policies are often worded in a particular manner so as to limit legal liability. While this protects the insurance industry from rampant and excessive lawsuits, it also ensures that many policies can only be deciphered by a lawyer. This is a real problem for consumers, according to…

Aon Hewitt introduces new corporate health insurance exchange

September 28, 2012September 28, 2012 Nordstrom

Aon Hewitt provides alternative to state-run and federal health insurance exchanges Health insurance exchanges are on their way, thanks to the Affordable Care Act, but many of the country’s small and mid-sized businesses are still concerned for what these systems could mean for them. Health insurance exchanges are designed primarily with consumers in mind, not businesses. As such, many of the concerns some businesses are having concerning the changing landscape of health insurance go unaddressed. Aon Hewitt, the human resources and health benefits consultancy division of the Aon Corporation, has…

Former health insurance executive calls for health care reform

March 27, 2012March 27, 2012 S.Vagus

The Affordable Care Act has made its way to the U.S. Supreme Court, making the fate of federal health care reform unknown. The subject of reform has been on steeped in controversy for more than two years. Opponents of the reform claim that the law is unconstitutional, while its supporters say that changes are needed to ensure the continued stability of the country. Like politicians, the insurance industry has been divided on the issue. Unlike politicians, however, the industry is keenly tuned to what changes need to be made to…