Live Insurance News

Insurance company settles with elderly man but pays $21,000 in coins

August 11, 2014August 9, 2014 Julie Campbell

Insurance company payment in coins pennies

Adriana did pay its settlement to the man who had just undergone a hernia operation, but it did so in coins. The Adriana Insurance company settled a lawsuit with one of its customers, Andres Carrasco, but when it came to actually paying the man, the insurer did so with $21,000 sent exclusively in coins. This story of controversial customer service is now making insurance news headlines across the country. The issue between Carrasco and the insurance company began in 2012, when the customer filed a lawsuit against Adriana for what…

Auto insurance affordability is American government’s next focus

August 6, 2014August 4, 2014 G. Turner

Regulators are now taking a look at how much it costs to cover vehicles across the country. Over the last few years, the federal government has started to amass a list of consumer complaints and has built a database about credit card companies and banks, which has more recently included auto insurance companies. A federal office has now announced that they will be placing their focus on car insurance premiums. The office first made the announcement back in April that it would be increasing the efforts that it was making…

Health insurance mid-year financial checkups on their way

July 24, 2014July 21, 2014 H. Cutner

Individuals who purchased their plans from the official exchanges might want to look into their tax credits. Among the primary draws of purchasing health insurance through the state and federal exchanges was the opportunity to take advantage of the premium tax credit, but it is important for consumers to make sure that they continue to qualify for this advantage. Eligibility criteria could have changed since the time at which the health plan was first purchased. The health insurance tax credit was put into place to make sure that people with…

More health care reform headed to Indiana

July 23, 2014July 21, 2014 Julie Campbell

Individuals in the state who purchase plans from the exchange will see different offerings and prices next year. People living in Indiana who use the federal exchange to purchase their plans will be seeing a new round of health care reform that will bring changes to the plan offerings and the prices that will be available next year. Insurance companies in the state have been filing for a broad range of changes with potential advantages. The filings that have been made with the Indiana Department of insurance have already been…

Insurance company sues California commissioner

July 14, 2014July 12, 2014 G. Turner

UnitedHealth Group has now filed a lawsuit with the intention of blocking a fine of $173 million. In order to try to stop itself from having to pay a $173.6 million fine as a result of an acquisition that went awry, the UnitedHealth Group insurance company has now sued the California insurance commissioner. The filing of the lawsuit was at the Orange County Superior Court near the end of last week. According to the insurance company, which is headquartered in Minnesota, the California commissioner, Dave Jones, is doing little more…