Live Insurance News

Auto insurance rates are high in Detroit

September 16, 2014September 17, 2014 S.Vagus

Detroit is home to some of the highest car insurance rates in the country Owning a vehicle in Detroit, Michigan, is quite expensive, according to a new study from InsuranceQuotes.com. The study highlights the cost of auto insurance coverage throughout the U.S., taking note of where insurance rates are highest. Notably, Detroit is home to some of the highest insurance premiums in the U.S. The city’s rates are even higher than those found in New York City, where auto insurance has long been plagued by fraud and other issues. Rates…

Auto insurance fraud ring disrupted in New York

August 26, 2014August 25, 2014 Marc

38 people involved in large fraud operation in New York have been indicted A large auto insurance fraud ring has been disrupted in New York. According to the Northwestern District Attorney’s Office, 38 individuals have been indicted on insurance fraud charges from grand juries in Hampshire and Franklin counties. These people are alleged to have been participating in auto insurance within their local areas and within New York City itself. The indictments come on the heels of the completion of a year-long investigation from the Insurance Fraud Bureau of Massachusetts.…

New Yorkers may be paying more for their health insurance

August 14, 2014August 12, 2014 Logan B.

Those living in rural areas could see their rates go up New York residents that live in rural areas will likely see their health insurance rates go up in the coming year. This may be especially true for those that have purchased policies through the state’s insurance exchange. Those living in rural areas have the fewest options available when it comes to insurance coverage. As such, they are typically left with the most expensive plans. While some of these plans offer significant benefits, they do represent a certain degree of…

Flood Insurance and Catastrophe

July 26, 2014July 25, 2014 Note From The Editor

Flood insurance is not something that many homeowners have, but they don’t necessarily know that they don’t have it. This is because flood protection is not a part of a conventional homeowners insurance policy. Most homeowners have to have insurance protection due to the provisions of their mortgage, but few people take the time to understand their policy and what protections it offers. As such, many people are often left at the mercy of natural disasters. In the United States, flood insurance is within the jurisdiction of the federal government.…

Health insurance rates to rise in New York

July 7, 2014July 4, 2014 Logan B.

Rate filings show that insurance premiums are on the rise throughout New York New York is home to some of the highest health insurance rates in the U.S., but insurance coverage is expected to become more expensive next year. Higher rates had been expected next year, but the state’s insurers have only recently released information concerning their plans for 2015 premiums. This information has been opened to the public by the state’s insurance regulators for the sake of transparency and to help people understand what insurers have planned for next…

Flood insurance rates may see turmoil throughout the US in coming months

March 12, 2014March 10, 2014 Logan B.

Insurance rates may soon become chaotic due to changing flood maps and new legislation Flood insurance rates are expected to begin fluctuating throughout the U.S. this year. Reforms are taking hold of the National Flood Insurance Program due to new legislation. The provisions of this legislation are delaying significant increases in insurance premiums for the time being, but the Federal Emergency Management Agency (FEMA), which oversees the federal insurance program, continues to make revisions to flood maps that are having a dramatic impact on the cost of insurance protection. Arizona…

New York health insurance exchange hit by technical difficulties

October 8, 2013October 5, 2013 Logan B.

Health insurance exchange website encounters problems New York’s health insurance exchange has begun open enrollment on schedule, but the exchange’s website has been experiencing some technical difficulties. The site is meant to serve as the face for the exchange and functions as the marketplace through which state residents can purchase health insurance policies. The site is quite similar to those that exist in other states, but New York officials have found that there are some glitches that escaped discovery when the site was being tested last month. Site upgraded to…