Live Insurance News

Health insurance enrollment deadline extended in Minnesota

December 18, 2015December 16, 2015 Marc

Minnesota residents will have more time to enroll for insurance coverage Residents of Minnesota now have more time to ensure that their health insurance policies will be active at the beginning of 2016. The state’s insurance exchange, called MNsure, has managed to make health insurance coverage more accessible to thousands of consumers throughout the state. The open enrollment period will run until the end of January, 2016, but consumers must have active insurance on January 1 or they will face fines from the federal government. Consumers can enroll for coverage…

Health insurance rates on the rise in Minnesota

October 7, 2015October 6, 2015 Nordstrom

Minnesota Health Insurance Trump Administration Lawsuit

Minnesota consumers to see major increases in their insurance premiums Some consumers in Minnesota may see their health insurance premiums skyrocket next year. The state’s Commerce Department has announced that regulators have approved rate increases coming from some of the state’s largest insurance providers. According to the agency, rates for health coverage will rise by an average of 49% throughout Minnesota. The largest rate hikes will be coming from Blue Cross and Blue Shield of Minnesota. Blue Cross Blue Shield intends to raise rates by an average of 49% According…

300,000 Minnesotans affected by data breach targeted health insurance provider

February 27, 2015February 26, 2015 S.Vagus

Vital information has been stolen from Anthem, which could affect consumers in a major way Approximately 300,000 residents of Minnesota have been affected by a massive data breach that struck major health insurance company Anthem, according to the state’s Commerce Department. Anthem has reported that the Social Security numbers of more than 200,000 consumers have been compromised, which could lead to identity theft and other issues. The health insurance company reported the data breach earlier this year, which compromised the information of many of its clients. The insurer has been…

Minnesota set to fight insurance fraud

February 17, 2015February 14, 2015 Logan B.

Lawmakers are taking steps to fight fraud in the insurance sector Lawmakers in Minnesota are beginning to focus on ways to cut down on insurance fraud. According to state officials, many people come to the state in order to exploit loopholes that exist in current laws, hoping for financial gain on fake medical claims and targeting other insurance sectors. Lawmakers are now drafting legislation that would provide the state’s Commerce Department with an anti-fraud unit, which would work to combat insurance fraud in Minnesota. New anti-fraud unit will help combat…

Health care reform snapshot shows early view of MNsure 2015 premiums

October 1, 2014September 29, 2014 G. Turner

Minnesota is now getting ready to release this early view of what is to come in the market next year. The Minnesota Commerce Department is currently getting ready to release an early snapshot of what can be expected from the health care reforms in the state for next year, which will include the insurance premiums. This snapshot is designed to reveal the prices that will be seen on MNsure, the state insurance exchange. The data that this health care reform snapshot will provide will offer consumers in Minnesota an idea…

Homeowners insurance premiums in Minnesota need only one claim to spike

October 7, 2013October 5, 2013 G. Turner

Home prices are down but insurance prices are up!

The cost of the coverage within the state will jump after even a single claim has been made. According to the results of a recent study, filing just one claim is enough to cause the premiums for a homeowners insurance policy to skyrocket in the state of Minnesota, which was the highest rate of increase in the country following one claim. In fact, the research showed that after a claim, the average increase in premiums was 21.2 percent. That figure is according to a homeowners insurance report that was issued…

Insurance News Broadcast

March 28, 2013 S.Vagus

Welcome to our Live Insurance News Broadcast! Join us every week as we annouce news Fresh Of The Press! Catch this week in the industry… Check out a summary of today’s headline articles as well as a link directly to the source! Health insurance exchange approved in Minnesota Early this week, Minnesota lawmakers passed a legislation that calls for the creation of a health insurance exchange that is managed by the state. Opponents of the state-run health insurance exchange argue that it will simply be too expensive for…