Tag: insurance law

Insurance law that fines uninsured Louisiana drivers cause anger

G. Turner
Minnesota auto insurance company rates

These high penalties have caused some residents of the state to call this new regulation unfair. A new insurance law has now gone into effect in Louisiana, which is designed to deter drivers from heading out onto the road while uninsured, but some residents of the state are now calling it unfair, as the penalties associated with it are quite high. Previously, the fine for driving without any auto insurance had been a small, one-time fee. However, drivers are now discovering that this insurance law means business. The fee now…

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Insurance news could be changing for coverage for oil-by-rail risks

Julie Campbell
Insurance news Lac Megantic train derailment

The Canadian government is looking into broadening the burden for protection against disasters. According to a recent insurance news announcement made by a government official in Canada, it is considering the expansion of the coverage burden for disasters occurring in crude-by-rail transportation. It is also thinking about developing a special fund comparable to the one once established for maritime oil spills. The insurance news could be tremendous to the industry, which continues to reel from the catastrophe that occurred when an oil train lost control and exploded in the province…

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Same sex insurance stopping amendment vetoed by Starkville mayor

Julie Campbell
same sex couple insurance plans health care reform

Parker Wiseman has ensured that city employees would be able to purchase health plans for domestic partners. The mayor of Starkville, Mississippi, Parker Wiseman, has now vetoed on a board amendment that had withdrawn part of a same sex insurance policy that would have given city employees the ability to purchase health plans for domestic partners. The original insurance news had been that the city would no longer cover same sex domestic partners. Immediately after the decision of the board, which was a 4 to 2 vote, to revoke the…

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Health care reform could be keeping insurance rates steady

Marc
Health Care Reform

Rate hikes for coverage in the US may be less serious than previously thought Consumers throughout the U.S. have been experiencing rate hikes for their health insurance coverage over the past few years. Rates have been growing at a rapid pace, placing many people under significant financial pressure. The Affordable Care Act is meant to resolve this issue by helping slow down the frequency at which insurance premiums increase, and the health care law may actually be succeeding in this endeavor. Early rate filings coming from many large insurance companies…

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Health insurance subsidies hit a roadblock in the US

Logan B.
health insurance deadline enrollment

Some people may be receiving more subsidies than they are due U.S. consumers may be receiving more subsidies from the federal government than they are due to receive under the Affordable Care Act. The federal law offers financial assistance to those that fall within a certain range of poverty, as defined by the government. Subsidies are meant to offset the cost of health insurance policies, making them more affordable and more widely available to consumers throughout the country. Some people may be abusing the availability of these subsidies, however. Some…

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