Live Insurance News

Kansas wants to recruit more health insurance providers, as well as others

January 23, 2015January 22, 2015 Marc

New Insurance Commissioner aims to recruit insurers to provide better health insurance, and other coverage, options Kansas has a new Insurance Commissioner, and he wants to ensure that consumers have access to a more robust insurance market than they did in the past. Ken Selzer has taken office as the Kansas Insurance Commissioner and he has promised to begin enticing more insurance companies to come to the state. As more insurers come to Kansas, the options that consumers have for coverage will grow. This will also introduce more competition in…

Earthquake insurance is gaining more attention in Kansas

November 21, 2014November 18, 2014 S.Vagus

Recent quake leads to spike in interest for insurance coverage Demand for earthquake insurance is on the rise in Kansas. The state’s insurance agents are reporting that more people are becoming interested in coverage for natural disasters. Since a 4.8 magnitude earthquake struck the state last week, several insurance agencies have been receiving queries about the type of coverage they have to offer that can protect against such disasters. This new trend represents the most significant attention that earthquake insurance has received in the state in recent history. State is…

Health insurance rates in Kansas remain stable

November 20, 2014November 18, 2014 Nordstrom

Insurance rates for policies sold through Kansas exchange expected to be stable through 2015 Consumers in Kansas may be able to breathe a sigh of relief regarding the cost of health insurance policies sold through the state’s exchange. The Kansas Health Institute has released a new report concerning the cost of these policies, showing that prices are expected to remain stable through 2015. According to the report, the average cost of policies going into effect next year is expected to increase by just 0.1%, which may be good news for…

Health insurance costs in Missouri and Kansas are cut down thanks to tax credits

June 20, 2014June 20, 2014 Nordstrom

Tax credits lead to more affordable coverage for those in Missouri and Kansas Tax credits offered by the U.S. federal government are having a major impact on the cost of health insurance in Missouri and Kansas. These tax credits come from the Affordable Care Act, passed in 2010, and have helped make insurance coverage more accessible and less expensive. The credits are applied to policies that are sold through state-based insurance exchanges and are available to those that fall within a certain poverty level, as defined by the federal government.…

Homeowners insurance rates in Kansas are on the rise

May 7, 2014May 5, 2014 Marc

Insurance is growing more costly due to natural disasters in the past Kansas homeowners insurance rates are on the rise and it may be because of storms in the past. In 2011, the state suffered the most financial damaging storm season it has ever seen. An outbreak of tornadoes and hundreds of hailstorms punished Kansas, causing an estimated $1.1 billion in insured losses. The majority of these losses came from damage to homes and properties and 2011 accounted for the costliest financial blow that the state’s insurance sector had ever…

New legislation could impact health insurance in Kansas

March 4, 2014March 1, 2014 Logan B.

Legislation seeks to place federal funding under the control of the state Legislature and governor New legislation is being considered in the Kansas Legislature and it may create some problems for people seeking financial aid for their health insurance coverage. The legislation aims to place all funding provided by the federal government for health care services under the control of the state’s lawmakers and governor. Insurance Commissioner Sandy Praeger has warned Kansas residents that the legislation could make it much more difficult for them to receive the federal financial aid…

Kansas Insurance Department struggles with financial woes

February 6, 2014February 3, 2014 S.Vagus

State agency faces a troublesome financial issue that could cause regulatory problems The Kansas Insurance Department has encountered a serious financial problem. A trend in which state legislators would waive the fees that insurance companies must pay the Insurance Department has left the agency’s regulatory fund empty. Now, the agency is seeking approval from the Kansas Legislature to increase the fees that insurers must pay to operate in the state. Senate Bill 322 has been introduced in order to provide the agency with the power to increase these fees when…