Live Insurance News

New UnitedHealthcare settlement by Commissioner Dave Jones makes California insurance news

April 18, 2012April 30, 2013

Dave Jones California insurance commissioner insurance industry rates

The California Department of Insurance has just issued an insurance news release… A new report explains the details of a settlement that was made between UnitedHealthcare Insurance company and Commissioner Dave Jones which requires that, beginning immediately, behavioral therapy will be covered as a medical benefit for the treatment of autism. This new deal is only the most recent among industry wide changes that have been made to comply with the initiative that was created by Insurance Commissioner Jones. Three settlements have already been reached with other insurers earlier this…

Oregon shows insurance agents are vital to state exchange

April 18, 2012May 27, 2012 Live Insurance News

Health insurance agents in Oregon needed The state’s Health Insurance Exchange intends to train and utilize insurance agents to assist residents and small businesses that are uninsured to find the right plans by 2014 when the new health care mandate goes into effect. What has still not yet been entirely defined is specifically what role the agents will play and how that will influence consumers who could depend on them for their advice and suggestions. The Oregon Health Insurance Exchange board met last Thursday and, according to Kim Wirtz, an exchange…

Michigan motorcycle insurance news says no helmets required with adequate coverage

April 17, 2012April 30, 2013

The latest Michigan insurance news is that motorcyclists and their passengers are no longer required to wear helmets as long as they are 21 years old and they carry enough coverage. Many people are applauding this state law change, which has been pursued for decades, and are considering this a personal responsibility and freedom victory. Others, though, are warning that this decision will lead to more deaths and severe injuries on the roads, and that motorcycle insurance costs will skyrocket. They have also noted that it may be difficult to…

Latest insurance news report shows crop subsidy cap could create $1 billion in annual savings

April 17, 2012May 27, 2012 Julie Campbell

Crop insurance news update The latest Congressional auditors insurance news report, which is set to be released on April 19, 2012, will show that if there is a reduction in the subsidies given to large farms to pay for most of their crop coverage, the federal government would see an annual savings of approximately $1 billion. This report suggested that the government could cap the maximum amount to be paid to farmers every year through this subsidy at $40,000, in a similar way to the caps made by the government…

Massachusetts Commonwealth Care program brings more benefits to consumers

April 17, 2012May 27, 2012 Marc

Health insurance program gets a thumbs up Massachusetts health insurance exchange seems to be faring well, despite concerns that an exchange is not a viable solution to the current problems within the insurance industry. The exchange, called the Massachusetts Commonwealth Care program, has been operating since 2006, when it was established by legislation that is today being referred to as Romneycare, after Mitt Romney, who presided as governor of Massachusetts. The program was subjected to early criticism but has recently been showing strong results despite economic turmoil and a changing…