Live Insurance News

Health insurance premiums for HealthCare.gov policies are set to rise

November 23, 2015November 22, 2015 S.Vagus

Insurance premiums for HealthCare.gov policies to rise by an average of 15% next year Those with health insurance coverage through HealthCare.gov are likely to see higher premiums next year unless they switch policies, according to a report from Kaiser Family Foundation. Consumers with insurance coverage through the federal exchange marketplace have been encouraged to shop around for new policies, as this would allow them to save some money. On average, Kaiser predicts that those not shopping around for different policies will see an increase in their premiums of approximately 15%.…

Drivers in Maryland are facing growing auto insurance premiums from State Farm

November 12, 2015November 11, 2015 Nordstrom

State Farm is generating controversy with rate hikes affected thousands of drivers Drivers in Maryland will be facing higher auto insurance rates coming from State Farm. The insurer has had many complaints issued against it over the past year due to rising insurance premiums, with some drivers claiming that their premiums were raised for accidents that were not their fault. Maryland insurance regulators have found fault with some of the premium increases that have been issued by State Farm, with some of these rate hikes hitting drivers that have only…

Insurance rates in Detroit head skyward with the city’s firefighting downgrade

November 11, 2015November 10, 2015 Julie Campbell

As the struggling city’s Fire Department faces considerable problems, homeowners are forced to pay more. The Detroit Fire Department has been facing some serious struggles over the last while and this ongoing trend has now developed into an expensive one for homeowners whose insurance rates are being hiked as a result. When it comes to the homeowners rates being charged across Michigan, Detroit already has the highest. That being said, homeowners insurance rates are going to be increased yet again when an analysis conducted by an organization that examines the…

Health insurance premiums are a main issue for consumers

September 29, 2015September 27, 2015 H. Cutner

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A recent study has shown that Americans pay most attention to price when they shop for plans. Americans have made bargain shopping into an art form, and this habit has crossed over into the effort to purchase health insurance, as the cost of premiums are among the top factors that consumers consider when they buy, according to a new survey. Two thirds of consumers who switched plans on the insurance exchange said price was the deciding factor. Over half of all consumers who shopped around on the exchanges but didn’t…

Mergers among health insurance companies could drive rates skyward

September 15, 2015September 13, 2015 H. Cutner

The American Medical Association has said that the reduction in competition will raise rates. The American Medical Association (AMA) has recently released the results of a study that claims that most health plan markets in the United States are currently led by a small number of insurance companies that may become even fewer with the current trend of mergers and acquisitions. The organization representing doctors and hospitals is criticizing the impact of this market shrinking. The reason is that they feel that if the current intentions of insurance companies to…