Live Insurance News

You’re still paying less for home and auto insurance if you live in Maine

March 11, 2016March 10, 2016 Julie Campbell

land rover sport mobile app auto insurance

The state has now held third place for affordable coverage in those categories, for the third year in a row. Residents of Maine have been enjoying some of the most affordable homeowners and auto insurance rates in the country for the last few years, and the latest data has shown that this has not yet changed. The National Association of Insurance Commissioners has ranked Maine in third place for affordability. NAIC ranked the state based on the low cost to purchase homeowners and auto insurance. It has held third place…

Homeowners insurance rates in Nebraska are higher than the US average

March 10, 2016March 9, 2016 H. Cutner

Property owners in the state are seeing premiums that are a touch higher than the rest of the country. A new report from the National Association of Insurance Commissioners (NAIC) has revealed that the people in Nebraska have been paying homeowners insurance premiums that are slightly higher than the average across the country. The report is based on data from 2013 and shows the average national annual premiums to be $1,096. That said, in Nebraska, that price tag is slightly higher, as the average homeowners insurance bill every year is…

Auto insurance premiums continue to grow in the UK

January 20, 2016January 21, 2016 S.Vagus

UK reports greatest increase in premiums it has seen since 2011 Auto insurance premiums in the United Kingdom saw the greatest increase in 2015 that have been reported in the country since 2011. Throughout 2015, rates have been growing steadily, with some drivers expressing concern regarding the increased financial pressure. According to Confused.com’s auto insurance price index, rates in the UK rose by an average of 13.2% overall. In the fourth quarter of last year, rates grew by an average of 6.9%. Insurance Premium Tax and other factors are affecting…

Homeowners insurance from Citizens may be getting pricier (again)

January 19, 2016January 17, 2016 H. Cutner

Louisiana residents with this coverage may soon be paying more for their coverage later in 2016. Residents of Louisiana who purchase the homeowners insurance of last resort in the state may soon find that their rates are going to be higher than they had been last year, if Citizens gains approval for an increase request that they have submitted. The increases wouldn’t go into effect until later this year, but property owners should prepare themselves. Should the homeowners insurance rate increases be approved, it will be residents of Terrebonne and…

Massachusetts lawmaker aims to stop homeowners insurance rate increases

December 7, 2015December 6, 2015 G. Turner

After the losses from last winter that were greater than $1 billion, insurers have received approval for hikes. Although a decision has already been made to approve the homeowners insurance rates hikes that were requested by some of the top insurers in Massachusetts, the chairman of the Division of Insurance state Senate committee is now seeking to have that decision reconsidered by opening hearings to determine if those increases are truly justified. This is focused primarily on the rate increases approved for two of the largest insurers in the state.…

Health insurance premiums for HealthCare.gov policies are set to rise

November 23, 2015November 22, 2015 S.Vagus

Insurance premiums for HealthCare.gov policies to rise by an average of 15% next year Those with health insurance coverage through HealthCare.gov are likely to see higher premiums next year unless they switch policies, according to a report from Kaiser Family Foundation. Consumers with insurance coverage through the federal exchange marketplace have been encouraged to shop around for new policies, as this would allow them to save some money. On average, Kaiser predicts that those not shopping around for different policies will see an increase in their premiums of approximately 15%.…

Insurance companies may soon have rates negotiated with doctors

November 12, 2015November 11, 2015 Julie Campbell

doctor health insurance companies healthcare workers

If a new bill passes in Tennessee, it will mean that health care providers will play a role in rates negotiations. A new bill is currently under consideration by the Tennessee state legislature, which would alter the way insurance companies currently calculate the rates that are charged through doctors’ offices. The Healthcare Providers Stability Act will be the first of its kind for any state in the country. The current issue that the bill would change is that at the moment, insurance companies have the ability to change the rates…