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Sat03252017

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Insurance News

New York Sen. Schumer joins fight against new flood insurance premiums

New premiums for homeowners in coastal regions could top $30,000. Many homeowners in the city are still recovering from Sandy.

The federal government must delay skyrocketing increases on flood insurance premiums, lawmakers demanded Thursday.

Sen. Chuck Schumer joined other pols in calling for Congress to delay parts of the Biggert-Water Flood Insurance Reform Act, which ends federal flood insurance subsidies and, opponents fear, will send property values crashing.

RELATED: COASTAL RESIDENTS FACING HIGH INSURANCE PREMIUMS

Most residents of waterfront areas are required to have flood insurance to prop up their mortgages in the event of disaster.

But the cost of that insurance could go rise to $30,000 a year once the federal...

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Wisconsin State Panel to Consider State Worker Insurance Change

MADISON, Wis. (AP) - A state panel is meeting to decide whether to continue exploring the idea of creating a self-insured plan for Wisconsin state employees.
    
A committee of the state's Group Insurance Board planned to decide Friday whether to move ahead with getting more information about the change. Currently, state employees get...

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For-Profit Online Insurance Brokers Gear Up To Sell Obamacare

Insurance Headlines -- When the Affordable Care Act was working its way through Congress, Gary Lauer was nervous. Part of the bill sounded grim. It said people could buy required health coverage online, but only through websites run by state and federal governments.

"That was going to pretty much delete us from the landscape," he says....

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For millions, insurance will cost less than $100/month

A report obtained by USA TODAY says the lower premiums primarily apply to "silver" plans.

WASHINGTON -- Insurance News -- About 6.4 million Americans eligible to buy insurance through the new health exchanges will pay $100 or less a month in premiums because of tax subsidies, according to a Department of Health and Human Services report to...

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Taxpayers Turn U.S. Farmers Into Fat Cats With Subsidies

Insurance Headline News -- Depression-era program intended to save the nation’s farmers from ruin has grown into a 21st-century crutch enabling affluent growers and financial institutions to thrive at U.S. taxpayer expense.

Federal crop insurance encourages farmers to gamble on risky plantings in a program that has been marred by fraud and...

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Long term care insurance premiums on the rise

Health Insurance News -- Sharp increases in rate requests for long-term care insurance are raising the chances that the next wave of retirees may not be able to afford coverage for assisted living, nursing homes, and related health services.

Since early 2012, the Massachusetts Division of Insurance has regularly approved premium increases of...

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Kentucky probes Humana letter on insurance renewals

Insurance News -- LOUISVILLE, Ky. -- The letter Ray Brundige received from Humana spelled out two options — keep his health insurance policy for one more year for a $279 monthly premium or choose a new one that complies with the Affordable Care Act and pay a whopping $619 a month.

But the letter also said he had to make a choice by Sept...

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Get the Most from Your Auto Insurance

Motor vehicle collisions and other auto-related mishaps result in billions of dollars in property damage, medical and legal bills and lost income every year. Car owners need to protect their vehicle and themselves with auto insurance, but how do you know if you are properly covered?car steering wheel 150x150 Get the Most from Your Auto...

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Majority of Americans want to go back to pre-Obamacare days when health insurance was more affordable

Insurance Headlines - (NaturalNews) A new poll conducted under the guidance of marketing research groups Anderson Robbins and Shaw & Company has found that a majority of Americans want nothing to do with the socialized medicine scheme more popularly known as Obamacare. Based on a random sampling of more than 1,000 registered voters...

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Most individual health insurance isn't good enough for Obamacare

Just over half of the individual plans currently on the market do not meet the standards to be sold next year, when many key provisions of President Obama's Affordable Care Act kick in, according to a University of Chicago study. That's because the law sets new minimums for the basic coverage every individual health care plan must provide....

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Florida Lawmakers look at PIP repeal

TALLAHASSEE – Lawmakers took the first steps Tuesday to do away with the state's no-fault auto insurance system and replace it with a coverage that would let accident victims sue an at-fault driver to cover medical bills and property damage.

At a Senate hearing Tuesday, lawmakers took testimony from the Office of Insurance Regulation...

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MetLife Launches Group Accident Insurance

MetLife has added group accident insurance to its portfolio of supplemental health insurance products to help employers and their employees address the challenges associated with rising healthcare costs.

MetLife says that, with the voluntary group accident insurance, employers have a simple and affordable way to provide additional protection...

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Small Firms’ Offer of Plan Choices Under Health Law Delayed

WASHINGTON — Unable to meet tight deadlines in the new health care law, the Obama administration is delaying parts of a program intended to provide affordable health insurance to small businesses and their employees — a major selling point for the health care legislation.

The law calls for a new insurance marketplace specifically for...

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