Live Insurance News

Insurance claims pour in as snow falls in Georgia

February 6, 2014February 4, 2014 Nordstrom

Winter driving mayhem causes steep rise in insurance claims

Polar vortex sends snow to Georgia, causing serious damage to insured property and vehicles Georgia became a victim of unexpected snow storms recently. The state is unaccustomed to experiencing such events and, as such, the snow caused a great deal of damage to homes and vehicles. The snow storms that Georgia has been experiencing are linked to the so called polar vortex phenomenon that has cause temperatures to plummet throughout the U.S. States that typically experience very mild winter seasons have seen heavy snowfall as a result of the polar…

Aetna pulls out of New Jersey health insurance exchange

September 19, 2013September 17, 2013 Logan B.

Company opts to not participate in state health insurance exchange Aetna, one of the largest health insurance companies in the U.S., has announced that it will not be participating in the New Jersey health insurance exchange. The exchange is set to begin open enrollment on October 1 this year, and is meant to provide consumers with access to affordable health insurance plans. Aetna was expected to be a prominent participant in the exchange, but disagreements with state officials may have discouraged the company from participating in the state’s exchange. Aetna…

Hospitals move to form their own health insurance company in Georgia

May 31, 2013May 30, 2013 Logan B.

Health insurance concerns spur hospitals to take drastic step Small businesses are not the only ones that have been voicing concerns over the Affordable Care Act in the U.S. The federal health care law has been raising worries among hospitals throughout the country, many of which claim the Affordable Care Act will have a drastic and problematic impact on health care and health insurance. In Atlanta, Georgia, two hospitals are beginning to work together in order to circumvent the problems they foresee regarding the Affordable Care Act. New health insurance…

Walmart enters into life insurance business

October 11, 2012 S.Vagus

Walmart teams with MetLife to sell life insurance policies Retail giant Walmart appears to be getting into the life insurance business in Georgia and South Carolina. The company has teamed with New York-based insurer MetLife to begin selling policies in more than 200 stores located in both states. The life insurance policies that will be sold through Walmart are designed to be attractive to consumers looking to find affordable coverage without having to do extensive shopping or rely on plans that may be provided by their employer. Partnership will open…

Augusta, Georgia, contemplates self-insurance

September 25, 2012September 25, 2012 S.Vagus

Self-insurance may be an option to mitigate health insurance costs Employer-sponsored health insurance costs are growing for workers in Augusta, Georgia, which is causing some concern within the Augusta Commission. In an effort to rein in on these costs, the Augusta Commission is planning to take up the practice of self-insurance. Self-insurance is a method of risk management through which funds are set aside to account for financial risks associated with a varied assortment of events. The Augusta Commission believes that self-insurance may be an effective means of mitigating the…