Seismic activity levels in the state would justify purchasing coverage, but most homeowners don’t. Nevada earthquake insurance has been placed in the spotlight following the tremors in California last week. Those quakes were felt in Las Vegas on Thursday and Friday. They are a reminder that the state is also affected by the seismic activity in the region. Still, despite the activity in the area and the risk of damage, coverage isn’t a common purchase. Following the quakes last week, it became clear to many home and business owners that…
Read MoreTag: Nevada insurance
Hotel owner in Las Vegas Strip mass shooting sues its insurance company
MGM Resorts International is faced with extensive damage claims from over 4,000 people. As MGM Resorts International copes with damage claims from more than 4,000 people due to the Las Vegas Strip mass shooting, its owner has sued its insurance company. The owner claims that its insurer has not paid the legal costs as promised. Thousands of lawsuits seek damages after a terrifying and heartbreaking shooting that left 58 people dead. MGM Resorts alleges that its insurance company has breached its contract regarding payments for the legal costs relating to…
Read MoreNevada car insurance premiums will rise for 1 in 3 drivers
About 600,000 motorists across the state will be watching their rates rise in the near future. Around one in every three state residents will be affected by the Nevada car insurance rate hikes coming soon. About 600,000 drivers will see a considerable 9 percent spike to their auto policy premiums this summer. The state will be raising the minimum amount of bodily injury and property damage coverage. As a result, Nevada car insurance rates will also be rising in order to reflect the higher coverage. This will become effective as…
Read MoreNevada’s new health insurance enrollment system to stop next year
The state’s technical problems with the system have forced it to need to shut down in 2019. The original Nevada health insurance enrollment system put into place by the end of 2014 had serious glitches. Those glitches caused many people to suffer unnecessary additional health care expenses. The problem with the original health plan enrollment service was in its record keeping. Thousands of people across Nevada complained that their policies were not kept up to date through the health plan enrollment service. Their coverage was cancelled for non-payment, despite the…
Read MoreNevada residents are slow to embrace state’s health insurance exchange
HHS data shows that enrollment in insurance exchange is sluggish this year Those living in Nevada have been slow to sign up for coverage through the state’s health insurance exchange. A new report from the Department of Health and Human Services has found that relatively few people have purchased coverage through the state’s exchange, called Nevada Health Link. Enrollment numbers were quite low during the first month of the open enrollment period, which began on November 1. Overall, enrollment throughout the country has been sluggish. Approximately 23,000 consumers have enrolled…
Read More