Live Insurance News

Health insurance for married same sex couples now offered by Blue Cross

December 17, 2014December 16, 2014 Julie Campbell

The largest insurer in Alabama is now required to comply with a federal rule to treat all married couples equally. Blue Cross Blue Shield of Alabama, the largest health insurance company in the state, is now offering spousal coverage to same sex couples that are legally married, so that the insurer will comply with a federal regulation that states that all married couples must be treated equally regardless of their sexual orientation. A spokesperson for the insurance company said that the same sex spousal coverage started being offered this year.…

Children’s health insurance program in Alabama receives great scores

November 10, 2014November 8, 2014 G. Turner

A recent study has shown that kids in the state are receiving some of the best coverage in the country. A study has now been released from Georgetown University, which has determined that when it comes to the states throughout the South, it was Alabama that was providing the best children’s health insurance. Alabama also found itself among the leading states in the country for providing those kids’ health plans. The report was created by the Center for Children and Families (CCF) at the university. It explained that children’s health…

Homeowners insurance is depreciating in value in Alabama

October 29, 2014October 25, 2014 Logan B.

Insurance agents are worried about the value of policy throughout the state Insurance agents in Alabama have begun expressing concerns regarding the depreciation in the value of policies in the state’s wind pool. Alabama insurance agents are beginning to suggest that consumers are beginning to gravitate toward policies that are inexpensive, but have little to no ability to cover the costs associated with recovering from a major natural disaster. As such, consumers are facing a significant degree of financial risk which may also be being felt by insurance companies. Lack…

Cheap homeowners insurance is risky on Alabama coasts

October 23, 2014October 21, 2014 H. Cutner

While these options may be out there for many property owners, many consumers are unaware of the possible shortfalls. When it comes to nearly any kind of product, including homeowners insurance policies, just because it is cheap, it doesn’t necessarily mean that it is providing a good value and it doesn’t mean that it is worth the money. This is a problem being increasingly discovered by property insurance customers in Alabama. Unfortunately, all too often, customers feel that the best opportunity in homeowners insurance is the one that will come…

Those with bad credit pay more for homeowners insurance

August 19, 2014August 16, 2014 Marc

homeowners mortgage insurance credit score

Study highlights the financial disparity between those with poor credit and those with good credit A new study from InsuranceQuotes.com shows that credit score is having a major impact on the out-of-pockets costs of homeowners insurance in Alabama. Credit is one of the foundational tools that the insurance industry uses to assess risks in any given market. Credit is a gauge of financial risk, allowing the financial service industry to properly assess liability in any given scenario. Poor credit represents a significant risk, which is why those with a low…

More health insurance options are coming to Alabama

July 17, 2014July 15, 2014 S.Vagus

New policies are expected to be made available through state’s exchange later this year Alabama residents are set to have more options when it comes to purchasing insurance coverage through the state’s exchange later this year. The Alabama Department of Insurance has announced that United Healthcare has submitted plans to participate in the state’s exchange. These plans are currently being reviewed and are expected to be sold through the exchange during the next open enrollment period, which will begin on November 15 of this year. United Healthcare wants to participate…

Homeowners insurance program created for Alabama coastal residents

May 1, 2013April 30, 2013 Marc

New coverage now available for homes in these regions requiring wind and flood protection. Residents of the coastline in Alabama have been struggling for many years to be able to find high quality comprehensive homeowners insurance that also provides them with protection against wind and flooding. A new program has now been introduced, uniquely within this industry, in order to assist these residents. Homeowners insurance customers in Mobile and Baldwin counties, for example, have struggled to obtain this coverage at an affordable price due to the increased risk that is…