Live Insurance News

Insurance news not transparent enough with Missouri prices

August 20, 2014August 18, 2014 H. Cutner

The state, which participates in the federal health plan exchange will include at least three insurers. This fall, the latest insurance news is showing that when residents of Missouri head to the HealthCare.gov website, they will likely be able to compare and shop for health plans that are being offered by a minimum of three insurers. The largest insurance company in the country has now stated that it expects to take part in the federal marketplace. UnitedHealthcare has said that it intends to make insurance news, this fall, by adding…

Missouri Insurance Department recovers funds amidst swarm of complaints

October 24, 2012April 30, 2013

Missouri Insurance Department fields 26,000 consumers complaints The Missouri Insurance Department is fielding some 26,000 consumer complaints concerning the coverage they receive through the state’s insurance companies. This week alone, the agency has received more than 10,000 complaints and inquiries regarding the practices of insurance companies. On average, the agency typically receives 16,000 complaints throughout the course of an entire year. Spurred by these complaints, the Missouri Insurance Department has reclaimed some $7.7 million that will be returned to the state’s insurance consumers. Common complaints involve health insurance The most…

Renters insurance available through a new insurer for Missouri residents

October 22, 2012April 30, 2013

Auto policy customers at Esurance will now be able to add tenants coverage in that state. Missouri auto coverage customers of Esurance are now being offered an add on renters insurance coverage that is designed to provide them with inexpensive protection in addition to further savings on their vehicle policies. Consumers in that state are being offered this add on from the insurer for the first time. According to the estimates that have been made by Esurance, the average cost of the add on renters insurance will be $16 per…

Insurance news from Missouri includes 26,000 official complaints

October 18, 2012April 30, 2013

There have been massive waves of communications from disappointed consumers in the state. The latest insurance news from the state of Missouri has shown that there are a very large number of consumers who are displeased with the coverage they are receiving or the companies that are providing it. The Insurance Department in Missouri has just reported that it has recovered millions of dollars for consumers. So far in 2012, according to the latest insurance news reports, the state’s department has recovered approximately $7.7 million for consumers who have registered…

Missouri Legislature overturns Senate Bill 749

September 14, 2012April 30, 2013

Lawmakers dismantle Senate Bill 749 The Missouri Legislature has overridden a veto from Governor Jay Nixon concerning legislation that would have allowed consumers and businesses to opt out of insurance coverage providing benefits for certain types of birth control. The legislation, called Senate Bill 749, could have required employers to provide coverage for abortions, sterilization, and other forms of birth control through their insurance company. The Legislature voted on overriding the legislation this week with a 26-6 vote from the Senate. Bill allows employers and individuals to opt out of…

Tornado insurance changes to be implemented in Missouri

August 29, 2012April 30, 2013

Following the disaster in Joplin, new regulations will soon be put into place. There will be some significant changes to be made for tornado insurance in Missouri following the lessons that were learned through the destruction in Joplin. The Missouri insurance department has announced that these rules will start next year. The department has stated that the mutual tornado insurance companies will face new regulations, with the purpose of preventing the type of drain on the finances that was seen a short time following the deadly Joplin twister. New state…

Mutual insurance companies subject to new regulations in Missouri

August 24, 2012August 23, 2012 Nordstrom

Insurance changes come in the wake of Joplin tornado On May 22, 2011, a powerful tornado struck the town of Joplin, Missouri. The tornado was classified as an EF5 and was a catastrophic event that decimated much of the town. The tornado had caused $2.8 billion in damages to property and vehicles and claimed 158 lives. In the wake of the disaster, it was expected that the state would make revisions to its insurance regulations in an attempt to prevent fraud and protect consumers from the exploitation that ran rampant…