Live Insurance News

22 health insurance co-ops are in danger of financial collapse

June 23, 2015June 20, 2015 Logan B.

Insurance co-ops are in danger in several states Troubling signs of potential financial collapse are being seen in 22 health insurance co-ops established through the Affordable Care Act. A co-op is a non-profit organization through which the same people that own the organization also receive insurance coverage from the organization itself. These organizations tend to be member-run, making them a source of competition for conventional insurance providers that operate a for-profit businesses. Analysis shows that co-ops are experiencing accelerated net losses According to analysis from the Daily Caller News Foundation…

Insurance news announcements just got more affordable

June 22, 2015June 20, 2015 Julie Campbell

This niche market press release submission service has reduced its rates for a limited time. Live Insurance News has just announced that it is reducing the rate for its PR submission service –for 20 days only – starting on Monday, June 22 and running through July 11, for a tremendous savings on a broad spectrum of announcement and brand exposure. The already low cost of this PR submission service is on sale for $5.99 for only 20 days. While the full price of announcing insurance news through this service is…

Could a smartphone app soon be as important as auto insurance to drivers?

June 22, 2015June 20, 2015 G. Turner

land rover sport mobile app auto insurance

Will there one day be a time when a mobile device battery will be a critical part of a daily commute? The latest mobile trends are starting to make their way into the territory of driving and auto insurance to an increasing degree, as electronic proof of coverage cards are allowed in the majority of states, and now Range Rover has announced that a smartphone app can drive one of its vehicles. Jaguar Land Rover is currently testing an SUV that can be controlled by way of a smartphone application.…

Health insurance premiums on the rise throughout the US

June 16, 2015June 13, 2015 Logan B.

Insurers are looking to increase premiums to recover from financial losses Insurance companies offering coverage through exchanges throughout the United States are looking to increase premiums in the coming year. This may not be a surprise, as industry experts and analysts have predicted significant growth in insurance premiums in the coming years. According to analysis from HealthPocket, however, rates are expected to grow by an average of 12% in 2016 for individual policies. Premiums enrolled in the most popular plans, such as Silver tier plans, could increase by as much…

Health insurance premium requests issued in Idaho

June 10, 2015June 8, 2015 Marc

Insurers want to raise premiums by an average of 25% in the state Health insurance companies in Idaho are seeking rate increases from state regulators. On average, these insurers are seeking an increase in premiums of 25%, which would go into effect in 2016. Insurers cite the growing cost of medical care and changes in the utilization of medical services as the justification for higher rates. Over the past year, medical costs have grown exponentially, which has lead to financial losses for health insurance companies doing business in the state.…