Live Insurance News

Health insurance can now be purchased in a retail store

March 27, 2014March 24, 2014 H. Cutner

Consumers in Connecticut now have two more places in which to purchase coverage before the deadline. With under a week left to purchase health insurance in 2014, in order to comply with the individual mandate of the Affordable Care Act, Connecticut has taken a unique step to help to ensure that its residents have every opportunity to obtain the coverage that they need. There are two retail stores that are allowing people to simply walk in and enroll. Shopping for health insurance has never felt so much like shopping for…

Connecticut insurance payout timing for Sandy running out

February 12, 2014February 10, 2014 H. Cutner

Fifteen months after the superstorm smashed its way through the area, homeowners are still waiting for their insurers. While Superstorm Sandy may no longer be making the top headlines anymore it doesn’t mean that the Connecticut insurance industry has finished up with all of the claims and payouts that were wrapped into this horrendous natural disaster that ripped across the east coast of the country. Some homeowners insurance customers are still waiting to receive the payouts for their claims. The problem is that time is starting to run out according…

Connecticut insurance companies required to provide sex change coverage

January 2, 2014December 31, 2013 Julie Campbell

Insurers in the state must also provide their policyholders with treatment and counseling for the procedures. The Connecticut Insurance Department has now issued a directive that states that all insurers within the state must provide their policyholders with coverage for sex change operations, counseling, and treatments. The department recently put out a bulletin to the various carriers throughout the state that indicated this requirement. According to the report, Connecticut insurance companies must all make certain that “individuals with gender dysphoria … are not denied access to medically necessary care because…

Auto insurance remains high for Connecticut drivers

September 16, 2013September 14, 2013 G. Turner

Motorists in the state won’t be experiencing any relief from the higher prices that they pay for coverage. Drivers in Connecticut are paying a higher price for auto insurance than other Americans across the country, and studies are now revealing that there are a number of reasons that motorists in that state face higher coverage costs. The high cost of living and higher income levels have always been contributors to higher premiums. Studies are indicating that there are a number of new and growing reasons that people in Connecticut are…

Flood insurance to be mandatory for thousands of Connecticut residents

December 27, 2012December 27, 2012 Dan

Connecticut homeowners face new flood insurance requirements Thousands of Connecticut residents are expected to feel the weight of mandatory flood insurance coverage in the coming months. The Federal Emergency Management Agency (FEMA) is currently drafting new flood maps for the entire U.S. coastline. This is part of an ongoing effort to understand and mitigate the risks associated with rising sea levels. New flood maps change the risks some properties face in regards to floods. According to FEMA, homes in high risk areas are required to be covered by flood insurance…

Connecticut moves forward with health insurance exchange

December 5, 2012December 3, 2012 Nordstrom

Connecticut aims to have exchange operational ahead of deadline Connecticut is one of the few states in the U.S. that has made significant progress in establishing its own health insurance exchange. The state is keen to operate the exchange itself in the hopes of providing service to residents that is suited to the needs of the market. Though the state has made major progress over the past two years to build its own exchange program, the Legislature is now working to make the program a reality, hoping to beat the…

Hurricane insurance lesson learned by residents of Connecticut

September 5, 2012April 30, 2013

Tropical Storm Irene had shoreline residents discovering things the hard way. For residents of Connecticut, who live along the shoreline, if previous storms had not taught them the lesson about the necessity for hurricane insurance, it was likely learned as a result of Tropical Storm Irene. The first issue was the complexity of a large type of claim on a policy. When a claim must be made on hurricane insurance, if it is a very large one, there are many issues that must be considered and this can make for…