Live Insurance News

Traffic violations lead to higher auto insurance premiums

February 23, 2015February 21, 2015 S.Vagus

In some states, premiums grow by a significant margin when drivers are hit with traffic violations Moving violations often lead to increase auto insurance premiums, but in some states, the increase is astronomical. A new report from InsuranceQuotes.com highlights the dramatic increase of auto insurance premiums in some states for those that receive driving under the influence (DUI) charges. On average, consumers can expect to pay 92% more for their coverage when they receive a DUI charge, which is the national basis. In some states, however, costs can shoot up…

Hawaii residents advised to check their homeowners insurance policies

October 22, 2014October 19, 2014 Nordstrom

Insurance Commissioner Ito warns people to check their insurance policies as Tropical Storm Ana approaches the state Tropical Storm Ana is moving closer to Hawaii and the state’s Insurance Commissioner, Gordon Ito, is urging homeowners to check their insurance policies to ensure that they are protected from potential damages. Homeowners insurance is often a complicated matter for consumers, as many believe that their policies protect them from the full gamut of natural disasters they could fall prey to. This is not the case, however, especially when it comes to flood…

Hawaii’s largest insurers pulls out of health insurance exchange

August 28, 2014August 26, 2014 Logan B.

Hawaii long term care insurance industry

The Hawaii Medical Services Association is abandoning the state’s insurance exchange Hawaii’s largest insurance company has pulled out of the state’s health insurance exchange, Hawaii Health Connector. The insurer, the Hawaii Medical Service Association, opted to pull its small business plans from the exchange late last week. Next year, agents working with small businesses will have only one insurer to work with through the exchange: Kaiser Permanente. The decision is not expected to affect individual health insurance plans in any way and many of the states insurers do not have…

Insurance company withdraws from Hawaii health exchange

August 27, 2014August 26, 2014 H. Cutner

The largest provider in the state has now announced that it is pulling out of the troubled marketplace. The struggling Hawaii Health Connector has now experienced yet another setback, as the largest insurance company in the state has revealed that it will not be remaining within the exchange for individuals or small businesses. The Hawaii Medical Service Association (HMSA) will not be offering its plans to consumers for 2015 coverage. The insurance company announced that it has decided to cut off the small business plans that were going to be…

Hawaii residents encouraged to double check their homeowners insurance policies

August 12, 2014August 9, 2014 S.Vagus

Hurricane season is not over yet and powerful storms may be on their way to Hawaii State officials in Hawaii are encouraging homeowners to ensure that their properties are protected against natural disasters. The 2014 Pacific hurricane season is set to end on November 30, and there is still plenty of time for powerful storms to form and make landfall in the state. Severe weather is expected to hit Hawaii in the coming weeks and months and homes that do not have adequate protection could find themselves vulnerable to financial…

Health care reform may take a step backward in Hawaii

May 13, 2014May 10, 2014 H. Cutner

The largest insurance company in the state is calling for the closure of the troubled exchange. The CEO of the largest health insurance company in Hawaii has now stated that he feels that the state’s exchange – a central part of the health care reform – should simply be shut down as it is too troubled to be worth its while. The website was created in order to provide residents with the ability to compare and shop for policies. This was one of the states that had decided to operate…

Insurance industry in Hawaii faces change as exchange head steps down

November 26, 2013November 25, 2013 Julie Campbell

The executive director of the online health plan marketplace has announced her resignation. Just as the Hawaii Health Connector exchange was getting off the ground, the insurance industry in the state has received word that it will be experiencing yet another considerable change, when the head of the program announced that she would resigning. The exchange has experienced massive delays, as has been the case with many of the marketplaces in the U.S. Coral Andrews, the director who was at the head of the Hawaii Health Connector for the last…