Live Insurance News

Organization seeks to boost enrollment in Florida’s health insurance exchange

October 14, 2014October 11, 2014 S.Vagus

Health Council of South Florida plans to launch a new campaign in November Health care activists in Florida are beginning to launch a new campaign to encourage the state’s residents to purchase health insurance coverage. The Health Council of South Florida learned valuable lessons during the state’s first enrollment period and the organization plans to launch a sign-up campaign when the state’s exchange begins open enrollment again in November. The organization will be focusing more heavily on connecting with consumers in a more dynamic fashion, using new technology and information…

Homeowners insurance rates could go up in Florida because of lawsuits

October 10, 2014October 9, 2014 Nordstrom

Citizens Property Insurance may be open to “bad faith” lawsuits in the future Rates for homeowners insurance policies through Florida’s Citizens Property Insurance could be on the rise once again. The Florida Supreme Court is weighing a decision on whether or not the state-funded insurance company is liable for “bad faith” lawsuits. The 1st District Court of Appeals believes that the insurer should be open to such lawsuits, but Citizens argues that it should be exempt due to the way the company was formed. Citizens Property Insurance was created by…

Homeowners insurance “storm tax” to be put to rest in Florida

September 29, 2014September 27, 2014 Logan B.

Citizens Property Insurance announces it will end its emergency assessment on insurance policies two years ahead of schedule Florida’s Citizens Property Insurance has announced that it will, in fact, be putting an end to emergency assessment it has levied on insurance policies. The assessment, which is often referred to as the “storm tax,” is being put to rest two years ahead of its scheduled expiration. For some homeowners, this may come as a financial relief, but insurance costs are expected to only fall by an average of $40 over the…

Florida organizations receive funding to raise awareness of health insurance

September 11, 2014September 8, 2014 S.Vagus

Three organizations will use federal funding to raise awareness of insurance among consumers Three organizations in Florida are set to receive $7 million in funding to promote health insurance among the state’s residents. The state’s insurance exchange will hold a new open enrollment period beginning in November of this year. During this period, consumers will be able to enroll for insurance coverage, some of which can be subsidized by the federal government. Awareness is currently one of the greatest challenges facing the exchange and the organizations aim to resolve this…

Homeowners insurance costs in Florida are finally leveling off

September 5, 2014September 2, 2014 G. Turner

The state is approaching the hurricane season’s statistical peak very soon and property policies remain comparatively reasonable. Next Wednesday, on September 10, the hurricane season will has reached its peak, and so far, Florida has managed to make its way through another year without being affected by any serious storms, and this good luck has had a highly positive impact on the cost of homeowners insurance in the state. This was not the case when Hurricane Andrew struck the state and left devastation behind 22 years ago. That storm altered…

Health insurance rates may be going down in Florida

August 12, 2014August 9, 2014 Marc

Premiums could be lower than expected for some consumers beginning in 2015 Florida residents that purchase health insurance policies through the state’s exchange next year are likely to spend less in monthly premiums, according to an analysis from the White House. State officials had been warning that those purchasing individual coverage would be paying more for their policies in 2015, but this may not be the case for many of the state’s residents. While some may see higher rates due to purchasing better coverage or having to deal with the…

Homeowners insurance fee may soon expire in Florida

July 28, 2014July 26, 2014 S.Vagus

Fee issued on homeowners insurance policies and auto insurance policies will come to an end in 2015 Florida’s so called “Hurricane Tax” on homeowners and drivers is expected to come to an end at the beginning of 2015. Policyholders have been paying an extra fee for their property and auto coverage for some time, but the Florida Office of Insurance Regulation has ordered that insurers put an end to these fees 18 months ahead of when these fees were initially meant to expire. Insurers have until January 1, 2015, to…