Live Insurance News

Health insurance plans to be rated based on size of network

March 9, 2016March 8, 2016 Julie Campbell

The Obama administration will now use the number of included doctors and hospitals in the ratings. In response to complaints from consumers with respect to the way health insurance plans are rated on the exchanges, the Obama administration has now said that it will provide a rating for each plan based on the number of hospitals and doctors that are included within that plan’s network. Equally, there will also be an increase to the maximum annual out-of-pocket amount that consumers can pay. For individuals, the maximum out-of-pocket expenses for health…

Travel insurance inquiries spike from Zika virus concerns

February 19, 2016February 18, 2016 Julie Campbell

Vacationers and business travelers, alike, are looking into coverage to give them peace of mind. According to a recent data release, calls regarding travel insurance have skyrocketed from airline travelers who are worried about the type of medical care they would receive if they were to be infected with the Zika virus while away from home, how much that care would cost, and whether or not it will provide them with the opportunity to cancel their plans if they are headed into an area where infections are known. People heading…

Insurance coverage problems force cancellation of pumpkin flinging contest in Delaware

October 12, 2015October 11, 2015 Julie Campbell

The annual event has now been shut down because of issues in finding an affordable policy. The annual pumpkin flinging contest in Delaware has now been cancelled for the second year in a row because the organizers of the World Championship Punkin Chunkin said that they were unable to find insurance coverage. The event had been scheduled to take place at the Dover International Speedway in November. The insurance coverage issue is not the first to cancel the event, as it cancelled the Punkin Chunkin last year, as well. Before…

Insurance coverage won’t help Sixers during Joel Embiid foot surgery

August 21, 2015August 19, 2015 Julie Campbell

The player will now be missing a second NBA season in a row as he faces another medical procedure. The latest reports about NBA player, Joel Embiid, are that he will be missing another season as a Philadelphia 76ers, because he will be headed toward another surgery on his injured right foot, and insurance coverage may not be helping the team to recoup its losses. NBA contracts provide a full guarantee to players whose injuries cause them to be sidelined. That said, teams can often look to their insurance coverage…

Insurance news from Boston Olympics Bid Committee suggests coverage will reduce expense

July 27, 2015July 24, 2015 Julie Campbell

The leaders behind the bidding for the 2024 Summer Olympics say that the right policies would save taxpayers money. The members of the Boston Olympics Bid Committee that are responsible for putting together the bidding for the city for the 2024 Summer Olympics have now released insurance news details in saying that they would be able to purchase coverage at unprecedented levels in order to reduce the expense to Massachusetts taxpayers. A document was released by the bid committee that described a minimum of 8 types of necessary coverage. This…