Live Insurance News

Flood insurance rates still rising, regardless of law reforms

March 26, 2014March 24, 2014 G. Turner

Even with the overhaul of the federal program, the prices homeowners will pay will still be higher. Millions of homeowners across the country were breathing a sigh of relief when the flood insurance law was reformed in order to bring down some of the skyrocketing rates for that coverage, but many continue to face much higher premiums than they have seen in previous years. The rising cost of this coverage may not be as high for some homeowners as expected, but it’s still going up. The subsidies through the National…

Same sex couple insurance rights get a shot in the arm from Obama

March 18, 2014March 15, 2014 Julie Campbell

same sex couple insurance plans health care reform

The administration has now moved to broaden access to health plans by closing a controversial loophole. On Friday, the Obama administration made a move to improve same sex couple insurance access when it comes to health plans by beginning an effort to close an existing loophole that would risk leaving certain patients with HIV/AIDS without any coverage. The Health and Human Services Department made two different announcements on the subject. The first stated that insurers that are offering spousal coverage for those who are heterosexual must also provide same sex…

Health care reform mandate delayed yet again

February 13, 2014February 11, 2014 Julie Campbell

The White House has now put off employer fines until 2016 after continued rollout struggles. According to the latest large delay issued by the Obama administration for the health care reform, the majority of employers will still not face a fine next year if they do not offer insurance benefits to their employees, yet. The timing of the implementation of this element of the health insurance law has now been pushed back. According to the Affordable Care Act’s regulations, the Treasury Department has stated that businesses that have between 50…

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…

Mississippi homeowners insurance companies targeted by new legislation

February 4, 2014February 1, 2014 Logan B.

Mississippi Homeowners Insurance Industry

Lawmakers seek out answers concerning troubling insurance trends Mississippi lawmakers may soon pass legislation that will require the state’s property insurance companies to disclose how much they collect in premiums and how much money they spend on claims. This legislation would target insurers that provide coverage for the damage associated with hurricanes. Most insurance companies only provide coverage for wind damage, as flood insurance is primarily a matter for the federal government to handle. State officials suggest that insurers are not always straightforward with the information they provide concerning damage…