Live Insurance News

Health care reforms provision heads back to court

November 28, 2012November 27, 2012 Julie Campbell

Justices from the Supreme Court have ordered another look at a key requirement of the law. The U.S. Supreme Court has ordered a federal court of appeals to reexamine a central requirement of the health care reforms, in order to decide whether or not the provision is violating the religious freedoms of some Americans. The issue stems from a lawsuit that is pending from Liberty University, a private school. The educational institution has claimed in its suit that – among other issues that it has called to light – the…

New Mexico to establish new insurance regulation structure

November 27, 2012November 26, 2012 Marc

New Mexico health Insurance Regulation Structure

New Mexico aims for new regulatory structure for the insurance industry The New Mexico government is preparing to enroll tens of thousands of residents into new health insurance plans and this has spurred state lawmakers to make changes to regulations that oversee the insurance market. Earlier this month, New Mexico voters approved a change to the state’s constitution. According to the change, insurance companies will no longer be regulated by the Public Regulation Commission. Next July, these companies will fall under the regulatory authority of the Office of the Superintendent…

Nationwide Insurance falls victim to hacking

November 27, 2012November 25, 2012 S.Vagus

Nationwide Insurance customers targeted by data breach Nationwide Insurance has announced that it has fallen victim to a security breach from an intrepid hacker. According to the South Carolina Department of Insurance, the breached compromised the information of thousands of consumers and a significant amount of personal information was stolen from the Nationwide Insurance system. The agency suspects that the hacker stole social security numbers, drivers license numbers, and even dates of birth from consumers in South Carolina and Georgia. Information of thousands of consumers stolen The South Carolina Department…

Insurance news from movie producers reveal added coverage for Lindsay Lohan

November 27, 2012November 26, 2012 Julie Campbell

The makers of the film had to purchase an incarceration policy for the starring actress of “Liz & Dick”. The producers of “Liz & Dick” have revealed the celebrity insurance news that before they hired Lindsay Lohan to star as Elizabeth Taylor, they had to purchase a special incarceration policy to cover her. The twenty six year old singer and actress already has six arrests under her belt. Furthermore, the troubled celebrity has checked in to rehab on five separate occasions, has gone to jail, and has completed a massive…

Health insurance exchange plan in Minnesota costlier than expected

November 27, 2012April 30, 2013

Health Insurance Minnesota Governor Mark Dayton

The state’s bill for the program at the heart of the healthcare reforms is higher than predicted. According to Governor Mark Dayton’s administration, the cost of operating the health insurance exchange in the year 2015 is now predicted to be around $54 million. Previous forecasts had placed the expense at between $30 million and $40 million for the state. That said, Minnesota will not need to obtain those funds until that year, when the state health insurance exchanges are required to be able to sustain themselves, financially. The same projections…