Live Insurance News

Enrollments in New York health insurance spike

August 28, 2015August 26, 2015 Julie Campbell

This year, there have been a large number of people who have purchased coverage in the state. Since the start of this year, there has been a considerable increase in the number of people who have enrolled for New York health insurance through the state’s official exchange marketplace. There are a number of reasons that New Yorkers seem to have jumped on board the coverage bandwagon. Western New York Health-care Association president, John Bartimole, has stated that one of the primary reasons that there has been an increase in participation…

Health insurance rates to rise in New York in 2016

August 6, 2015August 4, 2015 Nordstrom

Insurance premiums are growing for those with coverage in New York Health insurance rates in New York are expected to rise next year. This is a trend that is becoming more common throughout the country, as insurers seek approval to raise premiums in order to recover from financial losses associated with increasingly expensive medical claims. In New York, regulators have been challenging major rate increases and have managed to find some success. As such, rates are expected to increase by a modest degree, well below what the average increase would…

New Yorkers struggle to find health insurance coverage

July 30, 2015July 29, 2015 Nordstrom

Federal law has helped make insurance more affordable, but not for everyone Many of those living in New York are still unable to afford health insurance coverage, despite the provisions of the Affordable Care Act. The federal law provides many people with subsidies that can offset the cost of coverage, but even with subsidies, New Yorkers are finding it difficult to afford the policies they need. A recent survey from the Robert Wood Johnson Foundation found that cost is the greatest barrier preventing people from purchasing health insurance coverage. Majority…

New Yorkers can now prove they have auto insurance with their smartphones

May 20, 2015May 19, 2015 Julie Campbell

auto insurance premiums car mobile smartphone

Another state has now joined the growing number across the country allowing for electronic proof formats. According to a recent announcement from a spokesperson from the New York State Department of Motor Vehicles, the state has now implemented a regulation that will make it possible for drivers to be able to show their proof of auto insurance either in the traditional way with a paper card, or in an electronic format that can be displayed on mobile device screens. The new proof of insurance regulation has actually been in effect…

Judge orders insurance companies to submit records from Superstorm Sandy

January 1, 2015December 30, 2014 Julie Campbell

The purpose is to help to determine whether or not damage reports had been edited by engineering contractors. An order has now been issued by U.S. Magistrate Judge Gary Brown to insurance companies that requires them to submit massive quantities of additional records related to the damage investigated following Superstorm Sandy, which could help to find out whether or not engineering contractors had edited the reports that they had made in order to inaccurately reduce the payouts that were issued to hundreds – or possibly thousands – of victims of…