Live Insurance News

Oregon purchases more wildfire insurance

April 20, 2015April 18, 2015 S.Vagus

Oregon has purchased wildfire insurance to protect against the dry season Oregon is preparing to handle its dry season with the purchase of wildfire insurance. This type of insurance coverage is meant to protect the state from the onslaught of wildfires that could emerge in the state due to dry conditions. The insurance is meant to help cover the costs associated with these disasters, reducing the state’s financial exposure and providing it with some breathing room when it comes to recovery. Insurance policy from Lloyd’s of London will provide $25…

Health insurance controversy emerges in Oregon

February 20, 2015February 19, 2015 Nordstrom

Oregon files lawsuit against Oracle concerning health insurance program The State of Oregon has filed a new lawsuit against Oracle concerning the state’s troubled health insurance program. According to the state, Oracle is currently planning to stop hosting Oregon’s Medicaid system, which could cause problems for people trying to enroll in the health insurance program. Oracle has been hosting the state’s Medicaid site, which serves as a way for state residents to sign up for the health insurance coverage that they need. Lawsuit aims to force Oracle to continue hosting…

Legal battle erupts over broken health insurance exchange

August 28, 2014August 26, 2014 S.Vagus

Oregon has filed a fraud and breach-of-contract lawsuit against Oracle Late last week, Oregon filed a lawsuit against software company Oracle and several of its top executives. The state is accusing the company of fraud and breach-of-contract that may have cost Oregon a veritable fortune while leaving many of the state’s residence without access to a working health insurance exchange. Oracle was contracted by the state to develop the software that would manage the exchange, but internal problems have left the exchange inoperable and it has yet to see an…

Oracle sues Oregon over failed health insurance exchange

August 14, 2014August 11, 2014 S.Vagus

Oracle has issues a breach-of-contract lawsuit against the state of Oregon Acclaimed computer technology company Oracle has issued a lawsuit against Oregon. The lawsuit concerns the state’s health insurance exchange and the exchange’s use of the company’s technology. According to Oracle, the state government is using its technology despite standing disputes. These disputes have to do with some $23 million in unpaid bills from Oracle. The breach-of-contract lawsuit is seeking to recover the money that Oracle may be due but has not yet received. Lawsuit aims to recover more than…

Federal prosecutors descend on Oregon health insurance exchange

May 26, 2014May 24, 2014 S.Vagus

Prosecutors issue subpoena targeting Cover Oregon and Oregon Health Authority U.S. federal prosecutors have issued a subpoena to the state of Oregon, requesting official records concerning Cover Oregon, the state’s problematic insurance exchange. The exchange has been crippled by technical problems that have made it impossible for many people to enroll for the health insurance coverage that they need. Because the exchange has failed to live up to the standards of consumers and the federal government, federal officials are keen to find out where blame can be placed for the…

Oregon health insurance exchange may be seized by the federal government

April 28, 2014April 26, 2014 S.Vagus

Federal government may take control of Cover Oregon in order to fix it The federal government is preparing to take over the health insurance exchange of Oregon. Cover Oregon is one of the few state-operated exchanges currently in existence in the U.S., as most states have opted to allow the federal government to manage their exchanges. Federal exchanges have experienced major technical problems that have made it difficult for people throughout the country to sign up for insurance coverage, but some state-run exchanges have managed to avoid these problems. This…

Faults with insurance technology has crippled exchanges in several states

April 8, 2014April 12, 2014 Logan B.

online health insurance technology exchange

State officials come together to highlight the technology problems facing exchanges Officials from five different states are citing technology problems as the reason that their health insurance exchanges have failed to operate successfully. Representatives from Hawaii, Maryland, Massachusetts, Minnesota, and Oregon suggest that technical problems had made it nearly impossible for many people in their states to enroll for coverage through state-based exchanges. The technology behind these exchanges has been heavily criticized since the exchanges began open enrollment in 2013. Ongoing problems may have kept several thousand people from finding…