Live Insurance News

House committee in Louisiana approves electronic proof of auto insurance coverage

April 19, 2012April 30, 2013

Louisiana legislation approval gives the go ahead on digital proof of auto insurance coverage. The new legislation says that police must accept both the electronic and print card versions of the proof of car insurance. The House Bill 1130, which was sponsored by Rep. Greg Cromer (R-Slidell) received unanimous support from the Committee on Transportation, Highways and Public Works. This vote will send the bill along to the next stage of approval, which consists of a debate on the House floor. Chuck McMains, an insurance industry lobbyist, has stated that insurers are increasingly…

Florida homeowners in danger of losing their flood insurance coverage

April 19, 2012May 27, 2012 S.Vagus

Florida law could exclude the state from NFIP coverage, according to FEMA. Florida lawmakers are working to expedite the availability of new building permits, but this may have put homeowners at risk of losing the flood insurance coverage they receive from the National Flood Insurance Program (NFIP). Flood insurance has become a very problematic issue throughout the country, but has been especially problematic in Florida recently. The troubles of flood insurance are linked to NFIP, a federal program which provides the majority of the country’s flood insurance coverage. The program…

Tennessee insurance bill requiring police to arrest uninsured involved in serious collisions

April 18, 2012April 30, 2013

Without car insurance you could end up in the slammer! A new bill in Tennessee to require that an arrest be made by police officers in the case of a serious auto collision, should a driver be unable to provide proof of car insurance coverage is making insurance news headlines as it awaits the signature of the governor in that state. There is also a companion bill which, according to its sponsor, Rep. Joe Carr (R-Lascassas), is still in the House Finance Committee to be heard next week. It would…

Latest shows young adults will suffer without changes from health care reform

April 18, 2012May 27, 2012 Nordstrom

health student insurance program College

What health care reform being overturned will mean for the younger generation One of the Affordable Care Act’s provisions has made it possible for young adults to retain the coverage they’ve had from their parents’ health insurance plans until they turn 26, but if insurance news headlines show that the reforms will be overturned, individuals within the later part of that age group will suddenly find themselves out of luck. Upon graduating from high school or college, many young adults struggle to find employment that includes health benefits, especially in…

Florida health insurance news sees individual policy consumers receiving $113 million in insurer rebates

April 18, 2012April 30, 2013

Florida health insurance refunds part of health care reform Residents of Florida who have individual health policies (not subsidized by employers) will be happy to hear the latest insurance news that will include a rebate estimated to be worth $143 to $949 (depending on the coverage and policy) starting in August, as a result of the federal healthcare reforms. The rebates will affect approximately 157,000 families and individuals. Furthermore, another $65 million in rebates is also being prepared to provide rebates to workers from among 352,000 small businesses. These insurance…