Live Insurance News

Half of US opts out of health insurance exchanges

February 22, 2013February 22, 2013 Logan B.

Half the country decides not to run health insurance exchanges The U.S. Department of Health and Human Services has announced that the federal government will officially be operating health insurance exchanges in approximately half the states in the country. These exchanges are part of the Affordable Care Act, the federal health care law that has been very unpopular in some states. These states have shown continued opposition to the federal law, suggesting that it violates people’s constitutional rights and claiming that it will have a catastrophic impact on the nation’s…

Flood insurance sparks anger for New Jersey Governor

February 11, 2013February 9, 2013 Dan

Flood insurance continues to be a problem issue after Hurricane Sandy In October of 2012, Hurricane Sandy made its way to the East Coast of the U.S. and left destruction in its wake. The storm caused widespread flooding throughout many of the East Coast’s major cities, with New York and New Jersey seeing most of the damage. Though the storm caused a grievous amount of damage, it also highlighted many of the problems that exist in the U.S. flood insurance sector, most of which are embodied by the National Flood…

New Jersey health insurance exchange off the table

December 11, 2012April 30, 2013

New Jersey health insurance exchange slammed with veto from Governor Christie Plans for a New Jersey health insurance exchange are off the table due to a veto from Governor Chris Christie. The Governor has become the latest in a long line of state officials that have rebuked the concept of a health insurance exchange in their representative states. The recent veto marks the second time this year that Governor Christie has nixed legislation concerning the New Jersey health insurance exchange. The Governor claims that the federal health care law introduced…

Governor Christie prohibits hurricane deductibles

November 6, 2012November 5, 2012 Marc

New Jersey homeowners protected from hurricane deductibles by executive action New Jersey Governor Chris Christie has signed Executive Order 107, which will prohibit insurance companies in the state from imposing hurricane deductibles to homes that were damaged by Hurricane Sandy. The now notorious “superstorm” wrought havoc through much of the northeastern U.S. in late October. The storm hit New Jersey particularly hard as it made landfall, causing catastrophic damage to homes and state property. In a move to help save homeowners from the costly implications of hurricane deductibles, Governor Christie…

New Jersey health insurance exchange makes progress despite setbacks

October 2, 2012October 2, 2012 Nordstrom

New Jersey health insurance exchange moving closer to becoming a reality Hope for a New Jersey health insurance exchange remains strong as a state Senate committee approves legislation that will open up the way for an exchange to be built and run by the state. The bill is similar to one that was passed earlier in the year concerning the same issue. The Democrat-controlled Legislature is expected to ultimately pass legislations concerning the New Jersey health insurance exchange and the state’s efforts are currently on track to have the exchange…

Insurance changes to New Jersey’s disability insurance pool make coverage more affordable

October 19, 2011May 7, 2013

New Jersey’s disability insurance fund will see some changes in the coming months, according to Governor Chris Christie. This week, the Governor announced that state employees can expect to see lower premiums for the state’s disability insurance pool. The Governor believes that state workers have been paying more than is necessary to keep the program afloat and has teamed with the commissioner of the Department of Labor and Workforce Development, Harold Wirths, to make changes to the state-run program. Currently, the state withholds funds from workers’ paychecks to cover the…

New Jersey insurance regulators prepare to tackle a loophole in the state’s insurance system

September 20, 2011September 20, 2011 Marc

New Jersey insurance companies have filed a complaint against a North Jersey hospital that is billing them excessively for medical procedures that are not inherently expensive. According to insurers, the claims coming from the Meadowlands Hospital Medical Center in Secaucus, New Jersey, are 3,000% higher than the claims coming from other, similar medical centers. Governor Chris Christie is expected to take up the issue and target the medical center as part of his campaign against rising insurance prices. The problem seems to stem from auto accidents. The Meadowlands Hospital Medical…