Live Insurance News

CDC report highlights the expansion of health insurance coverage

August 14, 2015August 13, 2015 Nordstrom

Report shows that the uninsured rate throughout the US has fallen since the Affordable Care Act The Centers for Disease Control and Prevention (CDC) has released a new report that shows that the number of people without health insurance in the United States has declined significantly since the Affordable Care Act took effect. The federal law has expanded access to insurance coverage to millions of people, either through increased insurance programs such as Medicare, or through the introduction of insurance exchanges. The law may continue to reduce the number of…

Munich Re enters into the private flood insurance market of the US

August 10, 2015August 8, 2015 S.Vagus

Insurer offers new product for homeowners in the United States Munich Reinsurance America has introduced a new insurance product in the United States that may be a benefit for some homeowners. It is a new flood insurance product designed for those living in low-to-moderate hazard flood zones in inland parts of the country. The new product will provide these homeowners with new options when it comes to flood protection, as this coverage had, for years, only been available through the National Flood Insurance Program (NFIP). NFIP will have competition when…

HHS Secretary calls for expansion of health insurance programs

August 6, 2015August 5, 2015 Logan B.

Secretary Burwell wants insurance programs expanded in 19 states Department of Health and Human Services Secretary Sylvia Burwell is calling for the expansion of Medicare and Medicaid in 19 states. Burwell suggests that expansion of these programs could provide millions of people with access to health insurance coverage. The 19 states that have decided not to expand these programs account for approximately 4 million uninsured people. Utah is currently the only state in the nation that has not yet decided whether it should expand these programs. Medicare and Medicaid have…

Commercial insurance rates are dropping in the United States

August 5, 2015August 4, 2015 S.Vagus

Report highlights the falling premiums in the commercial insurance sector Commercial insurance rates have continued to drop for the second quarter of this year, according to a report from the Council of Insurance Agents & Brokers. The report is released every quarter and shows that premiums have continued to fall by an average of 3.3%, with large accounts seeing a decrease of 5.2%. Some sectors have seen an increase in premiums, however, such as the flood, commercial auto, and cyber liability sectors. Cyber liability is growing in popularity Commercial property,…

Credit history may have a major impact on auto insurance premiums

August 3, 2015July 31, 2015 S.Vagus

Survey shows that credit history is playing a major role in the cost of insurance coverage Consumer Reports has released the results of a recent survey run in the United Stated concerning auto insurance quotes. The survey shows that credit history plays a major role in how much insurance coverage will cost drivers. Credit history may, in fact, have a larger influence on premiums than a person’s driving record, according to the survey. Consumer Reports’ Margot Gilman suggests that this is the case in many states, where poor credit history…