Live Insurance News

Airline insurance with 15 percent higher premiums renewed by Air India

October 1, 2014September 29, 2014 Julie Campbell

This is providing the company with a $26.75 million policy to protect itself against major tragedies. Air India has managed to be able to renew its airline insurance with a mere increase of 15 percent in the premiums that it pays in order to be able to cover its complete fleet of 132 total aircraft. This is notable when taking into consideration that this is an insurance market that has experienced a considerable hardening. The reason that airline insurance usually entails a notably higher rate upon renewal is that it…

Health care reform snapshot shows early view of MNsure 2015 premiums

October 1, 2014September 29, 2014 G. Turner

Minnesota is now getting ready to release this early view of what is to come in the market next year. The Minnesota Commerce Department is currently getting ready to release an early snapshot of what can be expected from the health care reforms in the state for next year, which will include the insurance premiums. This snapshot is designed to reveal the prices that will be seen on MNsure, the state insurance exchange. The data that this health care reform snapshot will provide will offer consumers in Minnesota an idea…

Insurance rates in Colorado receive approval for increase

September 26, 2014September 23, 2014 G. Turner

Regulators have now given their permission to increase premiums by 1 percent. Colorado state regulators have now given their approval to raise the insurance rates for over 1,000 different health plans that are being offered by more than 20 different carriers, for 2015. Though not all of those plans will see increased rates, the average will be a very slight premiums rise. When compared to the previous year, the insurance rates will be increasing by an average of 1.18 percent, next year. The areas that typically face the highest health…

Health insurance rates set to go up in Washington

September 9, 2014September 6, 2014 Marc

Washington residents will be paying more for their insurance coverage in 2015 Health insurance in Washington may become more expensive next year. The Office of the Insurance Commissioner expects to see premiums grow by a modest degree in 2015, noting that those with coverage and those seeking coverage will be spending more money on their policies. Rates are expected to see modest growth in comparison to how much they had increased in the years leading up to federal health care reform. Insurance rates expected to increase by an average of…

Homeowners insurance costs in Florida are finally leveling off

September 5, 2014September 2, 2014 G. Turner

The state is approaching the hurricane season’s statistical peak very soon and property policies remain comparatively reasonable. Next Wednesday, on September 10, the hurricane season will has reached its peak, and so far, Florida has managed to make its way through another year without being affected by any serious storms, and this good luck has had a highly positive impact on the cost of homeowners insurance in the state. This was not the case when Hurricane Andrew struck the state and left devastation behind 22 years ago. That storm altered…