Tag: RAND

Auto insurance premiums could improve as a result of the Affordable Care Act

G. Turner
auto

As strange as it may sound, the health care reform could end up reducing vehicle policy rates. The health care reform has certainly been an area in which there has been a tremendous amount of controversy could actually be paying off in an area that wasn’t its primary intention, in the form of auto insurance premiums savings. According to the results of a recent study, the Affordable Care Act could be lowering other coverage costs. Beyond auto insurance, it is also believed that the health care reform will also be…

Read More

Will The Catastrophe Obligation Guarantee Act Help Lower Earthquake Rates in California?

Loreen
Will The Catastrophe Obligation Guarantee Act Help Lower Earthquake Rates in California?

The Catastrophe Obligation Guarantee Act was introduced in Congress back in 2009. The bill would authorize the federal government to provide committed loan guarantees to qualified insurance companies, California Earthquake Authority being one. The CEA, commonly known as, is a non-profit catastrophe insurance company that currently insures approximately 70% of earthquake exposure for households in California. The reason this act is so important to the market and to disaster relief associations is with this guarantee the CEA will be able to lower their reinsurance thus being able to pass along…

Read More