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Insurance News 03/2014



Colorado residents without health insurance could face fines if they miss ...
Colorado residents without health insurance could face fines if they miss ...

Berkshire Profit Rises 9.6% to $4.99 Billion on Insurance
For decades, Buffett has used premiums from insurance subsidiaries like Geico to fuel Berkshire's growth. The funds have allowed the billionaire chairman and chief executive officer to amass the largest equity stakes in companies such as Coca-Cola Co., ...

Cabbies hail for health insurance
Dawa Aden has navigated the cobblestone-covered streets of Philadelphia in a Yellow Cab for the past 15 years. Despite working 12 hour shifts up to six days a week, the 59-year-old father of five did not have health insurance. "I couldn't qualify ...

Some victims of Cover Oregon health insurance exchange problems may qualify ...
Some victims of Cover Oregon health insurance exchange problems may qualify ...

Hillary Clinton Likes Obamacare, And Opposes Single-Payer Health Insurance
Hillary Clinton has confirmed, to a paying audience of 20,000 sellers of electronic health records systems, that she supports Obamacare, and opposes single-payer health insurance. Speaking to a closed-to-the-press meeting of the "HIMSS14" (Healthcare ...

Only nine Marylanders have signed up for the state's retroactive health insurance
Only nine Marylanders have signed up for temporary, retroactive health insurance made possible by emergency legislation aimed at helping people who tried to get coverage through the state's faulty online health insurance marketplace, encountered ...

House Republicans post revised flood insurance bill that instructs FEMA to ...
House Republicans post revised flood insurance bill that instructs FEMA to ...

Obamacare tax credits affect health insurance premiums
Peter Lee, the executive director of Covered California, the state's Affordable Care Act insurance exchange, spoke about the program in Los Angeles last month. Covered CA Executive Director Peter Lee talks during a ceremony at Los Angeles Trade ...

Insurance no longer may hinder divorce
The Affordable Care Act is changing more than the way Americans buy health insurance. It's making it simpler for unhappily married couples to uncouple. Word is starting to spread among family law attorneys that in the post-ACA era, health insurance isn ...

Health insurance enrollment deadline nears
About 48,000 Indiana residents have enrolled in one of four coverage plans under the Indiana Health Insurance Marketplace, according to the Indiana Hospital Association, citing the U.S. Department of Health and Human Services. As of Thursday, more than ...

John Roska: Getting auto insurance after ticket can reduce fine
Q: I got a no-insurance ticket. Will getting insurance make any difference at this point? A: Yes, if this is your first offense. If you didn't have insurance, getting it can reduce the fine from $500 to $100. If you had insurance when you were ticketed ...

Reaction mixed to Duggan's idea of city-owned auto insurance company
Detroit Mayor Mike Duggan's proposal to study the feasibility of a city-owned auto insurance company met mixed reactions from the insurance industry, legislators and insurance reform advocates. In his first State of the City address last week, Duggan ...

India's BJP may allow more foreign investment in insurance
NEW DELHI, March 2 (Reuters) - India's opposition Bharatiya Janata Party will consider raising the cap on foreign investment in the insurance sector from the current level of 26 percent if it comes to power after elections due by May, a senior party ...

The Power of a Full House: Investors, Beware of Vacant Home Insurance Prices
Lots of property owners who vacate a home, or purchase it without renting it out, will be surprised to know that they need to purchase a specific kind of insurance called "vacant home insurance" for the properties -- and they'll likely be amazed, in a ...

Federal legislation could ease rising insurance premiums affecting Connecticut ...
Federal legislation could ease rising insurance premiums affecting Connecticut ...

Insurance Companies as We Know Them Are About to Die
Americans hate health insurance companies. They are easy targets for everyone to beat up on. When premiums go up, we blame insurance companies; we do not blame the underlying hospitals or physicians who charge high prices that drive up insurance ...

Metro Detroit leaders to protest proposed changes to no-fault car insurance
The latest proposal would also reduce reimbursement rates for auto-related injuries, open the Michigan Catastrophic Claims Association to public scrutiny, and require insurance companies to reduce premiums by at least 10 percent for a minimum of two ...

What to Know About the March 31 Health Insurance Deadline
As the March 31 enrollment deadline approaches to sign up for health insurance under the Affordable Care Act, many consumers may be thinking, “another month, another Obamacare deadline.” But this date will be a defining one for consumers without ...

Insurance Units' Profits Drive Berkshire Hathaway
Insurance operations contributed $5.7 billion to total operating income of $15.1 billion for Berkshire Hathaway in 2013—with an underwriting profit of $2.0 billion (after taxes) representing the 11th year in a row with an underwriting profit for the ...

NJ has 9th most expensive car insurance in country, report says
Insurance is especially costly in Michigan because drivers are required to purchase personal injury protection that guarantees lifetime benefits if someone is injured in a collision. Other states that mandate personal injury protection set cost limits ...

Will Bitcoin's Libertarians Pay for Private Deposit Insurance?
Because he is an entrepreneur, Selkis's focus has been on a product that would presumably have been very helpful in just this situation: insurance for Bitcoin accounts. He is the founder of Inscrypto, which is still in a private testing period, and he ...

Cover Oregon health insurance exchange fiasco spawns problems for low ...
Cover Oregon health insurance exchange fiasco spawns problems for low ...

Reaching the uninsured: Insurance fairs offer help in Rock, Walworth counties
People who want to sign up will need to bring a copy of their previous year's tax return, current pay stubs and Social Security numbers for all members of the family who need insurance. The information is used to calculate subsidies. Anyone can attend ...

Health insurance enrollment deadline only four weeks away
KANSAS CITY, Kan. — Four weeks from Monday will be the deadline for most Americans to have health insurance or pay a penalty at tax time next year. If you're going to get coverage, insurance agents, navigators and certified application counselors ...

Need insurance help? Prepare to wait.
The number of Washington residents insured through the state's health insurance exchange keeps rising, but those struggling with their applications still face lengthy waits for help. The state's toll-free help line has been swamped since the launch of ...

AT&T Mobile Insurance customer contract terms ring hollow
Not only did AT&T and its partner, an insurance provider called Asurion, bury the most weaselly of provisions in their contract, they did so using language not even a master cryptographer could have deciphered. While on the trip to Indonesia in January ...

Obamacare Architect: 'Be Prepared to Kiss Your Insurance Company Good-Bye ...
Obamacare Architect: 'Be Prepared to Kiss Your Insurance Company Good-Bye ...

Health insurance deadline looms
Since October, about 4 million people have signed up for private plans through the new state and federal marketplaces, the Obama administration says, although it's not clear how many were already insured elsewhere. In addition, many poor adults now ...

Despite Senate Optimism on Unemployment Insurance, House Passage ...
Despite Senate Optimism on Unemployment Insurance, House Passage ...

Capital Health Care: DOH has insurance execs scrambling; Schumer takes on ...
Capital Health Care: DOH has insurance execs scrambling; Schumer takes on ...

Brit Insurance Joins IPO Flurry Among Private Equity Holdings
LONDON – The specialty insurer Brit Insurance said on Tuesday that it was planning an initial public offering on the London Stock Exchange later this year. Brit Insurance is the latest example of a company owned by private equity to announce a plan to ...

What happens if you don't buy health insurance by March 31
For example, people who are below the tax filing requirement and residents for whom insurance would cost more than 8 percent of their income are not required to buy insurance. For everyone else, foregoing insurance will come back to bite them as a ...

L. Brooks Patterson, Insurance Institute of Michigan trade barbs over Jase ...
L. Brooks Patterson, Insurance Institute of Michigan trade barbs over Jase ...

Woman Arrested, Charged In Auto Insurance Fraud Case
MINNEAPOLIS (WCCO) — It wasn't until Cynthia Davis had a minor fender bender that she realized she'd been taken to the cleaners. The car insurance policy that Davis needed to protect her, wasn't worth the paper it was printed on. “Then I called my ...

White House readies health insurance renewal extension: sources
But a longer extension would also exacerbate insurer concerns about the risk pool for new online health insurance marketplaces that have been set up in all 50 states under Obamacare. More than 4 million people have signed up for coverage so far through ...

House passes flood insurance bill
WASHINGTON — The House voted overwhelmingly Tuesday to approve bipartisan legislation that would block dramatic increases in premiums paid by some property owners covered under the federal flood insurance program. The 306-91 vote follows a ...

Arkansas House Votes to Extend Health Insurance Program
The Arkansas House of Representatives voted Tuesday to let the state keep taking federal money for the expansion of Medicaid under President Obama's health care law and using it to buy private insurance for poor people. The measure, which failed in ...

Ruling: Farmers Insurance to pay millions to Oklahoma tornado victims
A Woodward County judge awarded three plaintiffs, whose homes were damaged during a recent tornado, a massive settlement against Farmers and Foremost Insurance companies. After their homes were damaged in the Woodward tornado two years ago, ...

9 Reasons You Should Take Another Look at Whole Life Insurance
Document of Life Insurance Policy and calculator, for background Alamy Just a few short years ago, I was staunchly opposed to whole life insurance, because that's what I was taught by national "gurus" 25 years ago. I wholeheartedly believed (as many ...

SC Bill Allows Digital Proof Of Vehicle Insurance
COLUMBIA, S.C. (AP) — A bill on Gov. Nikki Haley's desk would allow South Carolina drivers to use their smartphone in a traffic stop to prove they have vehicle insurance. While TV commercials suggest officers already accept electronic proof, South ...

House Passes Flood Insurance Bill; Key Senators Sign On
The U.S. House of Representatives Tuesday evening passed legislation to curb some of the premium increases in the nation's flood insurance program that have been causing “sticker shock” for property owners. H.R. 3370, the Homeowner Flood Insurance ...

Americans will be able to keep old insurance plans longer under rewrite of ...
Americans will be able to keep old insurance plans longer under rewrite of ...

U.S. Health Insurance Regulator Gary Cohen to Resign
Gary Cohen, the top U.S. health insurance regulator accused by congressional Republicans of misleading them before the troubled start of the Obamacare insurance website, will resign. Cohen will step down as director of the Center for Consumer ...

Man arrested after submitting bid for Sorrento police insurance
Henry L. Beard, 41, has lacked a license to sell insurance since he was arrested in 2009 on 15 counts of Medicaid fraud and other charges, according to a Louisiana State Police affidavit of probable cause and other court records. State Police booked ...

Some Policies Get More Time in Health Shift
WASHINGTON — The Obama administration, grappling with continued political fallout over its health care law, said Wednesday that it would allow consumers to renew health insurance policies that did not comply with the new law for two more years ...

Florida Has A High Rate Of Latinos Without Health Insurance
Playlist; Download. Florida doesn't have its own insurance exchange, and it has not expanded Medicaid. In the absence of state outreach efforts, it's up to the insurers and other groups to get the word out to Latinos. Share. Facebook; Twitter. Google+ ...

There's a New Plan to Extend Unemployment Insurance. But It's DOA.
Democrats are pushing yet another proposal to restore unemployment-insurance benefits with an offset that may look familiar to House Republicans. The plan is actually modeled on one they rejected in December, and it looks as though it will face severe ...

Chicago-area young dad drops dead on cruise ship
John Perricone of Romeoville, Ill., had been struggling to provide for his family, with four children all under the age of 7, when he decided to cancel his life insurance last year to save money. Now his bereft family is awaiting autopsy results of ...

Wells Fargo agrees to settle lawsuit over pricey 'forced insurance'
Wells Fargo & Co. has agreed to settle a national lawsuit from homeowners who say they were ripped off when the bank bought expensive home insurance for them. In documents filed Wednesday in Miami federal court, Wells Fargo ...

Flood insurance
Most homes are built (or sold) only if they are mortgageable, and lenders sensibly insist that buildings are insured against common risks including that of flooding. This ought to provide a reliable mechanism to prevent the building of houses in places ...