Live Insurance News

Health insurance companies submit plans for Michigan’s insurance exchange

June 11, 2014June 8, 2014 S.Vagus

Insurers have submitted policies and rate proposals for products sold through state’s exchange Michigan’s insurance companies have submitted their new policies and rate proposals to the state’s health insurance exchange. These policies are to be sold during the exchange’s next open enrollment period, which is expected to occur in November of this year. Last year, some 272,000 people throughout Michigan enrolled for coverage through the state’s insurance exchange. These people received their policies from the 14 insurance companies that are participating in the exchange. Regulators will review policies and their…

Rape insurance now implemented in Michigan

March 19, 2014March 19, 2014 Julie Campbell

The controversial law regarding coverage for abortions has now become effective in the state. The highly controversial Abortion Insurance Opt-Out law, which has been nicknamed the “rape insurance” law, has now gone into effect in the state of Michigan, which would require women to purchase separate plans in order to cover an abortion except in a case in which the woman was a victim of a sexual crime that caused her to become pregnant, or if the unborn baby was putting the woman’s life at risk. Supporters have say that…

Could the city of Detroit become an auto insurance company?

March 4, 2014March 1, 2014 H. Cutner

The mayor has proposed that the city begin its own coverage to help to overcome several problems. The mayor of Detroit, Mike Duggan, has been drawing quite a bit of attention back to his struggling city has he has proposed that he would begin an auto insurance company that will help to keep the skyrocketing premiums under control in the area. The announcement was made within the mayor’s State of the City address. He pointed out that recent red lining has led drivers who had already been paying high annual…

Michigan auto insurance push for no fault reform has returned

February 25, 2014February 22, 2014 G. Turner

The House Republicans in the state are trying again after having been unsuccessful last year. House Republicans are bringing their Michigan auto insurance reform push right back into the spotlight again, after having failed to obtain adequate support for the massive overhaul that they had proposed in 2013. The new goal is to eliminate the unlimited lifetime benefits that are currently available in the state. At the moment, Michigan auto insurance law makes it possible for individuals who are catastrophically injured in vehicle accidents to continue to receive benefits for…

Health care reform in Michigan may not see large enrollment increases

January 23, 2014January 20, 2014 H. Cutner

An exec in the state has suggested that she has doubts about the number of sign ups to come before March 31. In order to comply with the federal health care reform law throughout the United States, people without insurance now have only two and a half more months to enroll into the government subsidized plans in order to avoid facing a tax penalty. That said, a Michigan insurance executive has expressed doubts regarding the new enrollment that will occur. Joan Budden, the chief marketing officer of Priority Health has…

Insurance news is bright as the fireworks display returns for Mason

June 10, 2013June 8, 2013 Julie Campbell

For a short while, the Michigan city thought it would have to cancel the long running event. The city of Mason, Michigan, has held a fireworks display that entertains thousands of people every year for the July 4th celebrations, but for a span of four days, the insurance news looked bleak as it appeared that the coverage for the event was being withdrawn, cutting off its ability to continue this year. The organizers of the event moved quickly to find out what went wrong and to resolve the situation. From…

Michigan insurance news – no-fault fund transparency

January 9, 2013April 30, 2013

Every car in Michigan pays a $175 yearly fee to the Michigan Catastrophic Claims Association. In recent insurance news, one Judge in Ingham county decided that the public fund should be open for review so residents can understand how the fund sets the annual rate. No-fault and catastrophic loss The MCCA was created by state legislation to help Michigan insurance companies that pay out more than half a million in claim money to people in car accidents and suffer life altering injuries. This limit is for individual claims. Residents have…