Live Insurance News

Health insurance premiums continue to climb in the US

June 12, 2015June 11, 2015 S.Vagus

Insurance premiums are growing as medical care becomes more expensive Health insurance costs continue to grow throughout the United States and this is having an impact on premiums for many consumers that have purchased coverage through insurance exchanges. These exchanges were established through the Affordable Care Act and serve as a way for people to find less expensive policies than can be found through the private market. While this was initially true for many, the policies provided through exchanges are becoming more expensive with each passing year. Data suggests that…

Health insurance rates to rise in Kansas

May 28, 2015May 27, 2015 Logan B.

State agency announces that health insurance premiums will grow Health insurance premiums may be on the rise in Kansas. According to the Kansas Insurance Department, premiums for coverage in the private market, as well as for policies sold through the state’s insurance exchange, will increase in 2016. Several insurers have proposed rate increases, though a small number of these companies have actually planned to lower rates next year. Increasing rates could make it more difficult for consumers to afford their health insurance coverage. Insurers raising rates by 10% or more…

Auto insurance discounts are missed by 84 percent of US drivers

May 18, 2015May 16, 2015 Julie Campbell

A recent study has shown that only 16 percent of American motorists actually take advantage of all savings opportunities. A new report was recently released by insuranceQuotes.com and has shown that a large majority of consumers in the United States are not taking advantage of all of the potential auto insurance discounts for which they might qualify with their providers. The report showed that only 16 percent of drivers had actually asked their insurance company about discounts. Among the types of auto insurance discount that are common are marriage, low…

Long term care insurance premiums vary broadly, but are higher overall

February 24, 2015February 21, 2015 H. Cutner

Long Term Care Insurance Premiums on the Rise

The rates that are being paid for this coverage are dependent on a very large number of factors. A recently released industry report has shown that while the rates for long term care insurance have been rapidly on the rise, the premiums themselves vary broadly depending on a number of different factors that go into the calculations. The report showed that this year, the average rise for LTC insurance premiums was close to 9 percent. At the same time, even though the rates for long term care insurance have been…

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…