Live Insurance News

Hurricane Sandy slams East Coast

October 29, 2012 S.Vagus

Hurricane Sandy makes landfall and insurers scramble to mitigate impact Hurricane Sandy has hit the East Coast of the U.S. after building in strength throughout the majority of the past week. U.S. Insurers have been working to prepare for the hurricane, which is expected to cause a significant amount of damage as it passes through densely populated cities in the northeastern region of the country. Claims teams and insurance adjusters have been mobilized to areas that are expected to see the most damage ahead of the storm in an attempt…

Catholic Health to provide new health insurance plans

October 5, 2012October 5, 2012 Nordstrom

Catholic Health announces new insurance options for businesses New York’s Catholic Health, along with its affiliated health care professionals and Independent Health, has announced that it will begin offering new health insurance options next year. These options are being designed to low the premiums associated with certain types of coverage and narrow the organization’s health care network. Other insurance groups throughout the U.S. are adopting similar initiatives in order to adapt to the changes being made by the Affordable Care Act. New plans part of response to business concerns Catholic…

Health care reforms receive more federal money for IT

September 17, 2012April 30, 2013

Many state insurance exchanges to benefit from more grant funds to expand their capabilities. The Department of Health and Human Services (HHS) have just released the latest information regarding funding for the health care reform, which shows that several states will be receiving over $765 million in total grant money. These funds are intended to boost the state health insurance exchanges on the IT level. The states that will be receiving the grants will include Connecticut, California, New York, Hawaii, Vermont, Maryland, and Iowa. This money will provide the states…

Health insurance in New York may be too expensive

August 27, 2012August 26, 2012 Nordstrom

Data suggests health care is unaffordable for many New data from the New York Public Interest Research Group and the state’s Department of Financial Services suggests that health insurance coverage in New York may cost more than consumers can afford. State data shows that New York City residents that have to purchase health insurance coverage on their own could be facing six-digit figures every year in costs. Even the least expensive coverage for families could cost tens of thousands of dollars annually, adding financial stress to those already struggling in…

Health insurance pilot program launched in New York

August 4, 2012August 4, 2012 Nordstrom

New York Governor Andrew Cuomo Insurance News

Governor announces the launch of new health insurance pilot program New York Governor Andrew Cuomo has announced a new pilot program that aims to provide college students with affordable health insurance coverage. The pilot program targets major universities with large numbers of students in attendance. Currently, four universities have been identified as participating in the health insurance pilot program. These institutions are Columbia University, Cornell University, New York University, and the University of Rochester. If the pilot program is successful, it may establish the framework for a future health insurance…