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Insurance News 05/2014



Red ink leads to state probe of school insurance
Troubling events began unfolding last fall in the arcane world of public school insurance: red ink, questions over loans and an unprecedented visit by state examiners to one of Illinois' largest insurance pools for school districts. The regulators ...

Envisioning the End of Employer-Provided Health Plans
The days of Americans getting health insurance through their employers may be numbered — and the change could be just as profound as the shift of employers forcing employees to manage their own retirement savings. As the Affordable Care Act goes from ...

9Health Fair: You can attend even if you have insurance
DENVER - There's a few things about the 9Health Fair that make it special: Any adult - regardless of insurance status - can attend, no appointments are necessary, you don't have to visit a doctor's office and you can get many screenings for free ...

Minn. insurance official warns of "unacceptable gaps" in UberX policy
The state's top insurance regulator is warning the city about "unacceptable" gaps in app-based transportation company insurance coverage after reviewing a policy from UberX. The city enlisted the help of Tim Vande Hey, the deputy commissioner for ...

Walmart Brings One-Stop Shopping to Car Insurance
AutoInsurance.com, a division of Fort Lee, N.J.-based Tranzutary Insurance Solutions, a licensed property and casualty insurance agency, was created after Walmart realized there was an opportunity for a quicker service where shoppers can buy and save ...

Exceeding predictions, 217000 Illinoisans sign up for Obamacare insurance
But the number of Hispanics who bought a plan — both in Illinois and nationally— fell short compared to the number of eligible Hispanics who lacked insurance, the federal government reported Thursday. And nationally, the percentage of young and ...

Most Obamacare Enrollees Lacked Prior Health Insurance
How many of the 8 million Americans who have enrolled in health plans through Obamacare exchanges had been previously uninsured? That's one of several big gaps in our understanding of how the Affordable Care Act is affecting the health insurance ...

Flood insurance bill heads to Scott
The flood insurance legislation sets up a framework for selling private flood policies in Florida and allows insurers to increase rates without state approval through 2019. The bill also makes it easier for unregulated “surplus lines” companies to ...

Startup helps independent agents take on insurance giants like Geico and ...
Startup helps independent agents take on insurance giants like Geico and ...

NC enrollments for subsidized health insurance top 357000
North Carolina enrollments for health insurance surged to 357,000 as tens of thousands of residents signed up for subsidized coverage in the final weeks of eligibility, the U.S. Department of Health and Human Services said Thursday. The late rush of ...

A Late Rush to Sign Up for Insurance
WASHINGTON — The number of people signing up for health insurance through the federal marketplace soared in March, exceeding the number who signed up in the previous five months, the Obama administration said Thursday in its final report on ...

Health Insurance Sign Up Exceeds Expectations
PHILADELPHIA (CBS) — Nearly half a million in Pennsylvania, New Jersey and Delaware signed up for health insurance through the Affordable Care Act, during the six-month enrollment period. KYW's Pat Loeb reports official figures released, Thursday, ...

NY / Region|Patients Fear Mt. Sinai Will Drop Low-Cost Insurance Plans
After his insurance took effect in January, he visited the doctor, Gary Lerner, at his Forest Hills, Queens, office three or four times with minor ailments. Then at his last visit, three weeks ago, Mr. Shuster was warned that the practice was planning ...

NJ authorities charge 12 people in alleged insurance scam to recruit accident ...
NJ authorities charge 12 people in alleged insurance scam to recruit accident ...

Do You Need Life Insurance?
As part of your financial plan, it's important to think about what would happen to your family if you were to die. Life insurance may be something you explore as a way to cover final expenses, replace your income or pay off debts. To determine if life ...

Walmart Begins Selling Auto Insurance Online
Walmart has partnered with AutoInsurance.com to offer car insurance to its customers at “everyday low prices.” The new arrangement provides an auto insurance comparison service through the AutoInsurance.com website from national insurance carriers that ...

Don't Count On Travel Insurance To Cover Mental Health
It's bad enough to be sick at home in your own bed, but so much worse when on vacation. People often buy travel insurance so they don't lose the money they spent on airfare and hotels if they can't travel due to illness. But if that illness happens to ...

Cato's healthcare expert: Still clueless about health insurance
It increases premiums for healthy people, and the penalty for not buying health insurance is largely toothless. So if you earn too much to qualify for subsidies and/or you take steps to avoid paying the penalty, going uninsured will save you even more ...

Hawaii Insurance Law Doesn't Cover Fertility Treatments For Unmarried Or ...
Hawaii Insurance Law Doesn't Cover Fertility Treatments For Unmarried Or ...

Need help with insurance?
"The days and weeks following a devastating storm are a stressful time for anyone, but our dedicated team of insurance professionals are ready to help answer questions and offer guidance to everyone who needs it," Florida Chief Financial Officer Jeff ...

Lessons From a Tycoon's $201 Million Life Insurance Policy
Earlier this year, a California tech billionaire set a new record, buying a life insurance policy with the highest death benefit ever: $201 million. The policy was so big that the advisors working with the billionaire had to split the policy between 19 ...

Obamacare May Reduce Auto Insurance Rates
May 3, 2014 | Comments (0). A benefit of the Affordable Care Act (ACA) may be a drop in car insurance premiums as health care providers shoulder more of the treatment costs tied to accidents and injuries, according to a new report from a leading think ...

How has the Massachusetts health insurance law worked out?
BOSTON — At Boston Medical Center, the emergency room sees more than 356 of the poorest and most disadvantaged on an average day. Many don't need to be here. They now have Medicaid or health insurance, and their pains, flu and stomach upsets ...

Colorado insurance regulators extend deadlines
This March 1 photo shows part of the website for HealthCare.gov. Colorado regulators announced Friday that they'll give health insurers another year to offer plans that don't meet new federal requirements and will revise geographic rating zones that ...

Insurance claims big part of storm aftermath
Representatives of private insurers and the Mississippi Insurance Department have been on the streets in the state's hardest-hit areas this week, looking to help those with damaged or destroyed homes, automobiles and other property. State Insurance ...

Wading through insurance can make flood cleanup look easy
The only options for victims without flood insurance, however, will likely be digging into savings, maxing out credit cards, cashing in 401(k) plans and borrowing money from relatives. That's why many residents are counting on federal aid, which will ...

Florida's No Fault auto insurance grossly unfair
You would do well to direct your attention to the evil done to your constituents by the 2012 changes to the state insurance law, which redefined benefits to be received under PIP (Personal Injury Protection) by the insured under Florida's no-fault auto ...

College graduates should consider options for health insurance
Open enrollment — the period during which you can sign up for a new health plan — is now officially closed, but many college graduates and others still may be able to buy insurance. The government offers several exceptions for people to enroll during ...

Residents of Some States Get Larger Health Insurance Subsidies
The Affordable Care Act offers subsidies to many Americans to help them buy private insurance coverage. But some states are getting far more of those subsidies than others. In all, 85% of the Americans buying coverage through new online insurance ...

There's no need to tinker with NC's auto insurance rate system
Look out below. That's the caution for the innocent bystanders in a coming fight from auto insurance companies to change North Carolina's method of regulating rates. The companies have tried this before, probably figuring that “business-friendly” ...

Obscure terror insurance fee faces renewal fight in Congress
Over the past 10 years, Minnesota employers have paid out more than $130 million for insurance to protect themselves against terrorists. The little-known surcharge has been tacked onto the workers' compensation insurance that employers must carry, ...

School staff's insurance costs may rise
The Baraboo School Board will discuss potential changes to the district's employee health insurance plan tonight. In an email message sent to district employees and board members Friday, District Administrator Crystal Ritzenthaler said some of the ...

Bamboozled: Widow denied $21000 life insurance benefit after husband paid ...
Bamboozled: Widow denied $21000 life insurance benefit after husband paid ...

Fewer in US lack health insurance, but issues remain: poll
The decline coincided with the October 2013 launch of the health insurance exchanges that allowed people to buy coverage on their own under the Affordable Care Act and accelerated as the deadline to buy coverage neared, the nonpartisan research ...

Fewer Americans Lack Health Insurance, but Issues Remain
WASHINGTON -- The percentage of adults in the United States who lack health insurance has fallen to its lowest rate since 2008, down to about 13 percent in April from a peak of 18 percent last year, according to a Gallup poll released Monday. The ...

Colorado Redraws Insurance Map To Cut Sky-High Ski-Town Rates
Local officials in the ski resort region in the mountains west of Denver had threatened to sue over the high rates. But on Friday, Colorado Insurance Commissioner Marguerite Salazar said she wants to redraw those boundaries, making the resort counties ...

Health insurance reduces deaths, new Massachusetts study shows
Giving more people health insurance could save tens of thousands of lives nationwide in the coming years, a new analysis of data from Massachusetts, whose trailblazing reforms became the model for President Obama's health law, suggests. Throughout the ...

More Health Insurance Equals Fewer Deaths In Massachusetts
Fewer people died in Massachusetts after the state required people to have health insurance, according to researchers from the Harvard School of Public Health. In each of the first four years of the state law, 320 fewer Massachusetts men and women died ...

Growing number of states issue consumer alerts about insurance gaps with new ...
Growing number of states issue consumer alerts about insurance gaps with new ...

High Country Health Insurance Shoppers Urged To Contact State
Four western slope counties that make up the high country have the highest insurance rates in the country. Some say it's discrimination and now the state may change it. “We're at a breaking point here in the high country where doing nothing is not ...

Free Life-Insurance Offer Scrutinized
Free Life-Insurance Offer Scrutinized. Email; Print; Comments. Facebook; Twitter. Google+. LinkedIn. smaller; Larger. By. Leslie Scism. May 5, 2014 7:59 p.m. ET. Pasco County School Board Chairwoman Alison Crumbley awaits a review by Florida regulators ...

College graduates should consider options for health insurance
Devyn Bisson is a 22-year-old Orange resident about to graduate from Chapman University with a degree in film. She knows she'll need to think about health insurance after graduation, but not just yet. "It's the last thing I'm looking at," she says. "I ...

Michael Hiltzik
It increases premiums for healthy people, and the penalty for not buying health insurance is largely toothless. So if you earn too much to qualify for subsidies and/or you take steps to avoid paying the penalty, going uninsured will save you even more ...

Percentage of Americans lacking insurance drops in January
The percentage of Americans who say they lack health insurance ticked down slightly in January, according to new data that appear to reflect the first effects of President Obama's health law. Gallup, which has regularly tracked Americans' insurance ...

Want health insurance? Not so fast
Still need health insurance? Be ready to wait until this fall to get coverage, unless you have a "big change" in your life. Across the country, the year-round individual health insurance market effectively is shut down, as insurers embrace what they ...

Lyft to boost driver insurance with MetLife partnership
One of regulator's biggest concerns with peer-to-peer car service companies is driver insurance. It appears Lyft is looking to ease this concern by partnering with the auto insurance company MetLife. The ridesharing service announced Tuesday that it ...

Lap Band Surgery Insurance Woes
Dear ABC News Fixer: My wife got lap band surgery on in November 2011. Everything was pre-approved though my insurance at the time. Everyone got paid except the anesthesiologist. I got my explanation of benefits from the insurance company. They said ...

DC Council approves broad new tax on health insurance to cover city's exchange
The D.C. Council on Tuesday unanimously approved a broad tax on all health-related insurance products sold in the nation's capital to solve a big money problem faced by its online health insurance exchange. Under the measure, which will take effect on ...

ObamaCare Makes It Safer Than Ever Not To Purchase Health Insurance -- And ...
ObamaCare Makes It Safer Than Ever Not To Purchase Health Insurance -- And ...

Political Sparring Over Unemployment Insurance Reaches New Heights
A release from House Minority Leader Nancy Pelosi's office accused Republicans of "kicking House Democrats out of a room" where they had scheduled the hearing and trying "to silence the voices of Americans who lost unemployment insurance." Pelosi's ...