Live Insurance News

Insurance exchange in California awards $184 million in contracts without competitive bidding

October 15, 2014October 13, 2014 G. Turner

This stepped over a standard practice throughout the government in that state for this type of deal. The California insurance exchange has just announced that it has awarded contracts worth $184 million in a process that did not involve oversight or competitive bidding, which has moved itself outside of the standard practices that are used throughout the government in that state. These contracts include certain deals that will pay millions in dollars to a company with workers linked to the agency’s executive director. The no-bid contracts that were awarded by…

Insurance policies may soon be available at IKEA

October 13, 2014October 11, 2014 G. Turner

The Swedish furniture company is rolling out trials of certain kinds of coverage in specific stores. IKEA Group, the furniture giant from Sweden, has taken its first steps into the selling insurance policies, after having rolled out a trial program of certain types of coverage product in its Swedish stores. Those insurance products will become available within the a couple of weeks, as a test of the market. The first insurance policies that were rolled out in a few select stores in Sweden by IKEA were child and pregnancy coverage.…

College insurance protection now often extends to rape scandals

September 2, 2014August 31, 2014 Julie Campbell

Institutes of post secondary education are now purchasing coverage for new kinds of risk. As students return to their campuses, this fall, they may discover that college insurance policies are now taking an entirely new shape due to the shifts that are taking place in the culture of these communities. These schools are becoming increasingly aware of the risk that sexual attacks can have when they occur on campus. For that reason, these schools have taken a number of steps to change the way in which accusations of abuse are…

Health care reforms appears to be creating happy customers

July 15, 2014July 12, 2014 Julie Campbell

A new survey has shown that people who are newly covered by medical insurance seem pleased. According to the results of a Commonwealth Fund survey, the expansion of insurance coverage as a result of the health care reform are starting to produce some rather pleased and satisfied customers. They survey also determined that there are a notably larger number of people with coverage in the country. The research group’s survey showed that among adults who are younger than the age of 65 years, an estimated 15 percent are currently uninsured.…

Life insurance proposal for teachers disliked by regulators

June 17, 2014June 14, 2014 H. Cutner

The officials in Florida have spoken out against the plan, voiding “significant doubts”. Regulators of life insurance in Florida have now stated that they have “significant doubts” regarding an unconventional proposal that has been made by a consulting firm for providing teachers in the state with coverage that would be paid for by investors. The offer had been being considered by the Pasco County School District. The decision of that school district had been waiting on the Florida Office of Insurance Regulation’s opinion on the matter, back in May. Now…

Insurance jobs change focus with improvements in U.S. housing market

January 20, 2014January 21, 2014 G. Turner

The state of real estate across the country is causing brokers and agents to change gears. The insurance industry and the housing market are very closely related and individuals in insurance jobs, such as brokers and agents, must keep on top of the latest movements in that marketplace in order to ensure that they are spending their time and energy on the products that will be most beneficial to their customers and that will generate the greatest revenues at the same time. Good or bad, the sale of homes has…

Health insurance problems could cause coverage shortfalls

December 11, 2013December 9, 2013 S.Vagus

Glitches may mean that certain insurance policies will not become active as scheduled The U.S. Centers for Medicare and Medicaid Services has announced that many people that have signed up for health insurance coverage through the federal HealthCare.gov portal may not actually be covered when the New Year starts. People throughout the U.S. have been trying to sign up for coverage through the federal insurance exchange but have been unable to due to technical problems. While the federal government is busy working to resolve these issues, those that did manage…