Help line established in New York helps consumers voice their complaints about the insurance idnustry A help line established by the New York Attorney General’s Office has helped return millions of dollars to state residents that have been overbilled on their health insurance policies or were denied benefits by their insurer, according to Attorney General Eric T. Schneiderman. The help line was put in place in 2011, giving New York residents an opportunity to voice their concerns regarding insurance companies and how they conduct business. More than $12 million returned…
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Health insurance rates are on their way up next year in NY
Residents of New York will find that their health plans aren’t quite as affordable as they were for 2014. Regulators in New York have now given their approval to increase health insurance rates for next year, although the hikes in the premiums are not going to be as high as what the industry had initially wanted. The rate increases will also apply to the policies that are being sold on the state’s new exchange. The health insurance rate increases will apply to the policies that are being sold in the…
Read MoreNew York health insurance exchange hit by technical difficulties
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…
Read MoreGun insurance bill in New York to require liability coverage
The new proposal from State Assemblyman Felix Ortiz suggests that owners will need to be covered. Bill S2353 has just been introduced into the New York State Assembly by Assemblyman Felix Ortiz (D-Brooklyn), which would make it required for residents of the state to have to obtain liability gun insurance in order to be able to own a firearm. The bill identifies not only the minimum coverage but also the consequences for failure to buy a policy. This new gun insurance bill stated that owners will need to purchase and…
Read MoreHomeowners insurance payments in New York finally get approval
Homeowners insurance continues to be a problem after Hurricane Sandy For the past several months, New York residents have been struggling to recover from the impact of Hurricane Sandy. Though the hurricane struck the state in late October 2012, the damage it has caused continues to linger due to the lack of funds needed for the recovery effort. Some victims of the powerful storm have seen their claims denied by their insurance companies, but the vast majority have experienced delays in their homeowners insurance payments; delays that have slowed recovery…
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