Live Insurance News

Mergers among health insurance companies could drive rates skyward

September 15, 2015September 13, 2015 H. Cutner

The American Medical Association has said that the reduction in competition will raise rates. The American Medical Association (AMA) has recently released the results of a study that claims that most health plan markets in the United States are currently led by a small number of insurance companies that may become even fewer with the current trend of mergers and acquisitions. The organization representing doctors and hospitals is criticizing the impact of this market shrinking. The reason is that they feel that if the current intentions of insurance companies to…

Insurance costs force the cancellation of Battle of Britain fly-past

September 11, 2015September 10, 2015 G. Turner

The Shoreham crash has caused the premiums for these performances to spike, making this one cost prohibitive. The prohibitive insurance costs associated with covering a fly-past of 20 spitfires for a commemorative ceremony of the Battle of Britain have cancelled this portion of the event. The reason is that the premiums have spiked dramatically following the crash at the Shoreham Airshow. That disaster occurred in August and killed 11 people. Now, it has led the insurance costs associated with air shows to increase to the point that they may no…

Health insurance premiums to see a modest rise in Florida

August 28, 2015August 27, 2015 S.Vagus

Florida regulators announce rate hikes for policies sold through exchange The Florida Office of Insurance Regulation has announced that it has approved an increase in health insurance premiums for coverage sold through the state’s exchange. Florida’s insurance exchange in managed by the federal government, and consumers looking for policies can find them through HealthCare.gov, the federal exchange network. The rate increases in Florida are more modest than what is being reported in other states and consumers are expected to experience a small increase in premiums for coverage in 2016. Premiums…

Bad credit makes homeowners insurance in Washington D.C. far more expensive

August 27, 2015August 26, 2015 Julie Campbell

Property owners in the district pay almost 3 times more for their coverage if they don’t have good credit. When you have poor credit, it can feel as though everything in your life is more expensive, and according to a recent data analysis, when it comes to homeowners insurance policies in Washington D.C., that is absolutely the case. D.C. is one of the most expensive places in the country to have poor credit in terms of home insurance premiums. According to an InsuranceQuotes.com survey, homeowners insurance in Washington D.C. is…

Health insurance premiums are on the rise in Michigan

August 26, 2015August 26, 2015 S.Vagus

cash money subsidy health insurance deductibles

Michigan insurers are raising rates on coverage, but by a modest degree Insurance premiums in Michigan are set to rise next year. The Michigan Department of Insurance and Financial Services has approved rate increase proposals that will affect small businesses and individuals in 2016. For small group health insurance coverage, rates will rise by a very modest degree, while those with individual coverage will see a greater increase in their premiums beginning next year. Rate proposals were approved in order to allow insurers to recover from losses they had experienced…

Auto insurance premiums can nearly double as a result of teen drivers

August 25, 2015August 22, 2015 Julie Campbell

In Ohio, when young motorists are added to a parents’ policy, it can cause premiums to spike sharply. The results of a new study from InsuranceQuotes.com has revealed that when teens in Ohio are added to the auto insurance policies of their parents, they are sending premiums up by a massive 84 percent. This means that one teen driver on a policy nearly doubles the insurance premiums that are paid. The explanation that has been offered for these far higher auto insurance premiums is that, statistically speaking, teens are notably…

Health insurance premiums on the rise throughout the US

June 16, 2015June 13, 2015 Logan B.

Insurers are looking to increase premiums to recover from financial losses Insurance companies offering coverage through exchanges throughout the United States are looking to increase premiums in the coming year. This may not be a surprise, as industry experts and analysts have predicted significant growth in insurance premiums in the coming years. According to analysis from HealthPocket, however, rates are expected to grow by an average of 12% in 2016 for individual policies. Premiums enrolled in the most popular plans, such as Silver tier plans, could increase by as much…