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Insurance News 11/2015



Officials Push for More Californians to Sign Up for Health Insurance
In this Nov. 13, 2013, file photo, Peter V. Lee, executive director of Covered California, the state's health insurance exchange, talks at a news conference in Sacramento. The third open-enrollment period for the exchange begins Sunday. (Credit: Rich ...

Under new practice model, family docs ditch insurance to offer care
Dr. Patrick Rohal is shown in an examining room at Parochial Medical Center in New Holland. He going to be starting his own "direct primary care" practice that doesn't take insurance; instead, people will pay a set monthly fee for unlimited access ...

Phoenix Packaging seeking $2.5 million from insurance advisor and administrator
DUBLIN - An international food packaging operation that is one of Pulaski County's biggest employers claims the firm it hired to broker its self-insured health care benefits caused the plant $2.5 million in damages. Phoenix Packaging, which employs ...

Decoding health insurance plans: A dictionary
Keep this glossary of confusing but common health care terms handy when trying to decipher health insurance plans through your employer, Medicare or the federally run exchange. The terms could mean slightly different things from insurer to insurer, ...

Self-funded insurance can offer big savings for companies
He estimated some companies might shave more than 10 percent from projected health insurance expenses by choosing the self-funded approach — in which they cover medical claims themselves — instead of a fully insured set-up. The fully insured method ...

Open enrollment for federal health insurance begins
A new federal report shows most Iowans who enroll in the Health Insurance Marketplace will find plans for $100 or less per month, after tax subsidies are applied. Open enrollment started Nov. 1 for individuals shopping in the marketplace and continues ...

State says thousands eligible for free health insurance
SEATTLE - With the third enrollment season opening for coverage under President Barack Obama's health care law, officials in Washington state say there are still hundreds of thousands of people who could be getting free or low-cost insurance. But they ...

Officials launch bus tour to promote California health insurance exchange
The head of California's health insurance exchange toured Los Angeles by bus Sunday, seeking to publicize the Affordable Care Act's potential benefits among Southern Californians, many of them Latino, who officials say have failed to take advantage of ...

Hawkins decreases employee match to offset health insurance hike
Although this year's employee health insurance increase was substantially less than expected, the Commission has been warned to expect another increase next year. On Monday the County Commission approved the 2015-16 county employee health plan, ...

State Officials Say Free Or Cheap Insurance Still On Table
Starting Monday, they can get in-person help signing up for health insurance at a community center, health clinic or from another nonprofit group. State officials estimate more than 100,000 people in Washington are eligible for free health insurance ...

Crashes without car insurance: A more common problem than most realize
CEDAR RAPIDS, Iowa — Car insurance is something required for all Iowa drivers but it's not something everyone has. Some estimates put that percentage of drivers without auto insurance at anywhere between 10 to 25 percent of motorists. It's hard to ...

Data analytics on driving behavior help users improve safety and lower ...
Data analytics on driving behavior help users improve safety and lower ...

AM Best: Europe Insurance Market Begins Recovery; Life Sector Drives Growth
Europe's largest insurance markets have continued to show some signs of recovery, with many experiencing top-line growth, driven by the life sector, according to a new report by A.M. Best. In general, the increases in total gross written premium (GWP ...

Does insurance actually cover cosmetic surgery?
Many questions come to mind when considering invasive plastic surgery — even injectables! For instance, what happens if elective surgery creates a medical emergency? Will your insurance pay? Which surprising procedures are covered by insurance, and ...

Crop insurance cuts resolved favorably, for now
But in general, agriculture groups and farmers are hopeful the promise made by key congressional leaders last week concerning the continued funding of federal crop insurance will hold true. Leaders of the U.S. House and Senate have pledged to reverse ...

Career Center health insurance workshop
The Mishawaka Community Career Center is holding a series of workshops in an attempt to help people understand the ins and outs of open enrollment for health insurance. They are holding a series of health insurance workshops, run by St. Joseph Medical ...

An Online Car Parts Marketplace to Keep Your Insurance Costs Down ???????????
The next time you get rear-ended at a red light, give a thought to what goes into fixing your car. Each insurer has its own ideas about how much a particular repair should cost, and that's made even more complicated by the policy you may have on your ...

Insurance Journal's Jergler Wins Folio Award; Carrier Management Recognized
Wells Media Group's Carrier Management and Insurance Journal publications took home honors from this year's Folio Awards that recognize excellence in publishing. The awards, sponsored by the publishing industry's Folio magazine, are for writing ...

HoneyInsured's 'Hipmunk for insurance' launches to help you get healthcare
Finding the right insurance plan is tough enough when you have to sort through the options provided by your employer. But what if you're choosing from the public option (also known as “Obamacare”)? The bureaucratic process that awaits you can be ...

What's the Best Life Insurance Policy for a Young Family?
Term insurance is pure insurance. You purchase a policy for a set length of time (the term) at a pre-established premium. Unless you renew when the term is over, you'll no longer have coverage when the policy expires. Term insurance is by far the least ...

What to Do if You Lose Your Car Insurance
They're the words no one wants to hear from an insurance agent: “We can no longer provide coverage for your vehicle.” There are two ways you might be dropped by your auto insurance company: Nonrenewal or cancellation. Nonrenewal happens when ...

California Local Business Hurt by 85 Percent Insurance Premium Increase
Owners of a small local business in California are facing an 85 percent cost increase for their group health insurance as a result of the Affordable Care Act, according to the Santa Cruz Sentinel. The company, Sockshop & Shoe Co., has been in business ...

Health insurance co-op order means 59000 must find coverage
About a third of the Arizonans who bought health insurance on the federal marketplace for 2015 will have to find a new provider following action by state insurance regulators to suspend the state's nonprofit insurance co-op's ability to sell new ...

Treasurer sued by insurance company
Treasurer Michael Frerichs says this is within his jurisdiction of overseeing unclaimed property. When someone dies with life insurance, but a claim is never filed he says that's unclaimed property. But Kemper, the insurer, says their contract makes ...

After flooding rains, drivers have questions for insurance companies
Insurance experts tell us, generally yes, both are usually covered under car policies, but you need to double check with your agent. Several small business owners who work in the Olympic Mills Commerce Center building, in the industrial district of ...

Time to shop for health insurance again
State and local health officials are urging consumers to closely examine their choices. In California, health insurance is sold in four primary tiers — bronze, silver, gold and platinum — that offer, for a price, increasing levels of coverage for ...

PEF seeks to extend health insurance benefit
With a popular state employee health insurance benefit set to expire at the end of this year, a major union wants to extend the program outside of contract negotiations. The Public Employees Federation, which is in contract negotiations with the Cuomo ...

Kentucky governor's race hinges on health insurance
The campaign for Kentucky's next governor ends Tuesday as voters elect someone to replace a popular two-term Democratic governor in a race that has turned on health insurance for 500,000 people and public preschool options. Republican Matt Bevin ...

Endurance Specialty Fights Back Against a Tough Insurance Market
Insurance doesn't always work the way people expect. For insurance specialist Endurance Specialty Holdings (NYSE:ENH), a lengthy period of below-average property and casualty losses might seem like the perfect recipe for profit. Yet even though not ...

Crop Insurance Fix Unknown
In a budget deal passed last week, crop insurance took huge cuts around $3 billion. After the deal, House and Senate ag leaders claimed the cuts would be removed in a later omnibus spending bill. Now, some claim that's not settled. The National Farmers ...

Health insurance season starts up
TUPELO – Many Mississippians shopping for health insurance will see lower premiums on healthcare.gov this year. In Mississippi, the cost of benchmark plans decreased by 10 percent, according to analysis by the U.S. Department of Health and Human ...

Set for signups: Hospitals, RiverStone ready to help navigate insurance choices
Enrollment for the health care plans began nationwide in the Health Insurance Marketplace at HealthCare.gov on Sunday and, in the federal program's third year, Montana will see average monthly premium increases of between 22 and 34 percent, according ...

Affordable Care Act's health insurance open enrollment begins
CHEYENNE - People across Wyoming now can sign up for next year's health insurance through the federal Affordable Care Act. The new open enrollment period began Sunday and lasts through Jan. 31. It's important that people know crucial dates for ...

Consumer Report: Is pet insurance worth it?
UNDATED (Consumer Reports) -- Insurance for cats and dogs is one of the fastest-growing employee benefits. Companies like Chipotle, Delta, and Microsoft now offer pet insurance. But, what if you workplace doesn't offer it? Consumer Reports looks at ...

Health Insurance and the States: A Closer Look
If you moused over our big map, you could see that some parts of the country appear to have higher numbers of people without health insurance this year compared with last year, particularly in the Southwest, the Great Plains states and some places in ...

More than half of ACA co-ops now out of insurance marketplaces
More than half of the nonprofit health insurance co-ops formed through the Affordable Care Act are now off the market for the coming year, with the last-minute departure of a plan in Michigan. On Tuesday, two days after the start of the new enrollment ...

BeWellnm announces open insurance enrollment
ALBUQUERQUE, NM – BeWellnm, New Mexico's official Health Insurance Exchange, announces open enrollment for residents beginning on Nov. 1, 2015. BeWellnm is offering free assistance to those who may need it across the state. Open enrollment starts ...

6 On Your Side Answers: Auto insurance changes at age 25
KNOXVILLE (WATE) – The Property Casualty Insurers Association says, generally, once you turn 25, your car insurance rates are going to be a little bit better. Age is one of the characteristics that's factored into auto insurance rates. Drivers in the ...

More than half of health law's insurance co-ops are closing
WASHINGTON (AP) — More than half of the health care law's nonprofit insurance co-ops are closing, the Obama administration said Tuesday even as it defended the troubled alternative to mega-insurers. Mandy Cohen, a senior official with the Health and ...

9 arrested, 9 sought in N.O.-area car insurance scam
Over the past two days, troopers conducted a sweep across the New Orleans area trying to serve 18 arrest warrants for suspects involved in staged or “jump-in” crashes in order to defraud several insurance companies, according to a State Police news ...

GOP Victory In Kentucky Governor's Race May Threaten Health Insurance For ...
GOP Victory In Kentucky Governor's Race May Threaten Health Insurance For ...

With Matt Bevin's Victory, Health Insurance for 400000 Kentuckians Now At Risk
Republican businessman Matt Bevin was elected governor of Kentucky on Tuesday. This is good news if you're Matt Bevin. It's potentially very bad news if you're one of the 521,000 formerly uninsured Kentuckians who have received health insurance through ...

Insurance misdeeds: Blue Cross Blue Shield's policy, devastating cost to family
A seven month long News 13 investigation uncovers a cold-hearted health insurance scandal complete with reckless blunders, secret deals and bizarre billings. If you thought health insurance will always protect you from catastrophic medical costs, think ...

That pizza you ordered just came with a huge insurance liability
Connor was working from Papa John's Pizza, delivering a pie, when he slammed into another driver. His mom, Susan, says she wasn't worried about the costs. "I thought, 'well, no big deal' because we've got coverage," she said. Susan called her insurance ...

Aspen Insurance Appoints Cohen as President and Chief Underwriting Officer
Bermuda-headquartered Aspen Insurance Holdings Limited announced the appointment of David Cohen as president and chief underwriting officer of its insurance segment, Aspen Insurance. With over 35 years of insurance industry experience, Cohen was ...

Verisk Insurance Solutions Launches GarageConfirm to Combat Garaging Fraud
Verisk Insurance Solutions announced the launch of GarageConfirm, a new service to help insurers verify garaging addresses at point of sale and renewal. The service uses license plate recognition technology provided by Digital Recognition Network (DRN ...

Ask Impatient: Which kind of insurance is best for an out-of-hospital birth?
Vanessa Villegas, 31, of Los Angeles, and her husband would like to start a family soon. She says she's interested in having the baby at a birthing center or at home with the help of a midwife. She asks Impatient: What type of health insurance plan ...

Treasury Names 12 to Federal Insurance Advisory Committee
The U.S. Department of the Treasury has named 12 individuals including several insurance industry executives, a professor, a consumer advocate and six state regulators to serve on the Federal Advisory Committee on Insurance (FACI). The FACI was ...

Penn National Insurance Adds Cyber Security Coverage
Penn National Insurance will begin offering cyber security insurance coverage as part of its commercial lines product offerings. Cyber security insurance provides coverage for expenses and exposures associated with a data breach, such as notification ...

More details revealed in homeowners insurance reform plan
As its Dec. 31 deadline approaches to forward recommendations to Gov. Robert Bentley, the Coastal Insurance Working Group (CIWG) is revealing more details about potential changes to the Alabama Insurance Underwriters Association (AIUA) and a ...