Tag: insurance rates

Auto insurance discount coming to Ontario drivers with snow tires

Julie Campbell
Toronto Canada Auto ride share Insurance Discounts

The province has recently made its budget announcement and the government has continued its effort to lower rates. The Liberal government of Ontario, Canada, has now announced that it has made another line of changes to the auto insurance discount regulations in the province, as it continues its effort to bring down the costs associated to coverage for motorists. Among the regulations that have now been announced is one requiring auto insurance companies to reward drivers using snow tires. The provincial government also recently announced a number of other types…

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California Insurance rates from Allstate cause Commissioner and consumer advocate divide

Julie Campbell
allstate homeowners home insurance rates

Though Dave Jones and Harvey Rosenfield have traditionally collaborated, a recent issue has led to a split. The California Insurance Commissioner, Dave Jones, and advocate from Consumer Watchdog, Harvey Rosenfield, have traditionally held very similar beliefs when it came to the industry and its insurance rates. That said, this trend appears to have changed when it comes to the rates being charged by Allstate. Rosenfield, who hails from Santa Monica, was the author of Proposition 103, a ballot measure from 1988, which converted the position of insurance commissioner in the…

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Affordable Care Act leads to spike in health insurance premiums

Nordstrom
health insurance cost medical

Premiums are higher due to the provisions of the Affordable Care Act The Affordable Care Act has lead to a significant increase in health insurance premiums, according to an analysis from the Heritage Foundation. Though the Affordable Care Act was signed into law five years ago, it has only been two years since the majority of its provisions have been implemented. This has caused insurance premiums to rise dramatically for many consumers in the United States. This may not be surprising, however, as the law requires insurers to provide coverage…

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

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…

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Auto insurance rates in Ontario to drop by 15%

Marc
Car insurance market

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…

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