Live Insurance News

Auto insurance rates in Ontario to drop by 15%

November 26, 2014November 25, 2014 Marc

New legislation will cut the average cost of auto insurance coverage in Ontario, Canada A new law has been passed in Ontario, Canada, that may be good news for drivers throughout the province. The Ontario Legislature has approved a bill that will cut auto insurance rates by an average of 15%. The legislation is expected to go into effect in August 2015 and lawmakers believe that it will help mitigate insurance fraud, thereby lowering the financial pressure on insurance companies offering coverage in the province. Legislation aims to address issues…

Health insurance premiums is higher for some smokers

November 11, 2014November 8, 2014 H. Cutner

In Virginia, residents who smoke can expect most insurers to charge them more for coverage. Virtually everyone in Virginia needs to pay for health insurance in some way, and that coverage is going to cost more for the large percentage of residents of the state who also happen to be smokers. As a result of the considerable medical risks associated with smoking, insurers often charge more to smokers. In Virginia, 20 percent of workers also happen to be smokers, and experts have said that the risks associated with this habit…

Insurance rates from Anthem too high, says California regulator

October 28, 2014October 25, 2014 Julie Campbell

Dave Jones California insurance commissioner insurance industry rates

Commissioner Dave Jones has stated that policyholders could have saved $33 million if the insurer lowered premiums. A recent statement from California Commissioner Dave Jones expressed that the 10 percent increase in insurance rates at Anthem Blue Cross for small businesses is excessive and that the result to its policyholders was a costly one. The Insurance Commissioner in the state made the announcement a month and a half before the Prop 45 vote. During the last stretch of time for the battle with regards to Proposition 45, Commissioner Jones criticized…

Insurance news from North Carolina looks like rates may head upward

October 24, 2014October 22, 2014 G. Turner

Insurers in the state have proposed raises in homeowners premiums at an average of 25 percent. In North Carolina, recent insurance news is showing that homeowners policies may soon be rising in price as companies have been filing to increase their rates by an average of 25 percent. Insurers have said that the current homeowners insurance rates are inadequate to cover damage claims and projections. The commissioner in North Carolina has now made an insurance news announcement that the office has opened up a public hearing that will take place…

Insurance news struggles force fire department to shut down

October 2, 2014September 30, 2014 Julie Campbell

insurance news Staten Island Fire Dept Under Pressure

In Washington Township, Ohio, a lack of coverage has stopped firefighters from being able to work. One of the firefighters from the Washington Township Fire Department recently confessed to embezzlement, and this issue has now led to the unfortunate insurance news that a lack of coverage had caused a temporary shut down until a policy could be reopened. The fire truck insurance premiums and the workers’ compensation costs have not been paid for months. According to the fire department’s attorney, Susan McDonald, this insurance news begins with the fact that…