Tag: Texas insurance

Health insurance plan coverage reaching all but 7 percent of Californians

Nordstrom
california health insurance plan

A new nationwide study conducted by the National Center for Health Statistics examined uninsured rates. Nearly 29 million Americans across the country currently lack a health insurance plan. This is a considerable reduction in the uninsured rate. In 2010, almost 49 million Americans didn’t have health insurance coverage. Californians are faring even better than the rest of the country in terms of their coverage rates. That said, on the other end of the spectrum, Texans are the Americans least likely to have a health insurance plan. In that state, 20…

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Texas Children’s Health Insurance Program to receive $135 Million

G. Turner
CHIP Texas children's health insurance program

The federal Centers for Medicare and Medicaid Services is sending funds to the state to keep the program alive. The Texas Children’s Health Insurance Program was rapidly running out of funds as federal Congress has yet to renew CHIP’s funding. That said, the Texas Health and Services Commission wrote to Governor Greg Abbott to inform him that the federal Centers for Medicare and Medicaid Services will be providing the state with $135 million to sustain the program until the end of February. In Texas, CHIP provides over 450,000 uninsured kids…

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Hurricane Harvey damage to be among “top 10 most costly” for insurers, JPMorgan

Logan B.
hurricane harvey damage global insurance and reinsurance

The financial services company told its clients that the costs could be between $10 billion and $20 billion. JPMorgan informed its clients that the Hurricane Harvey damage left behind in Texas could be as high as $10 billion to $20 billion. This would place it among the “10 most costly” hurricanes to make landfall in the United States, said the company. The storm first struck Texas last weekend and was a Category 4 at the time, before being downgraded. Gradually, it wound itself down to tropical storm status, though it…

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Hurricane insurance companies are preparing for a busier season than usual

Nordstrom
hurricane insurance companies

As Harvey makes its way closer to Texas, insurers are bracing for the impact of landfall. Forecasters and hurricane insurance companies alike are watching both Harvey and the rest of the Atlantic storms that are brewing. The season is expected to be more active than average and it is far from over. In fact, the Atlantic hurricane season has only just reached its peak and will continue until November. Many meteorologists and weather monitoring organizations have upgraded their initial forecasts for the season. Though it was originally expected to be…

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Texas insurance companies may soon see drop in lawsuits

Logan B.
dallas texas insurance companies

A new bill in the state House would discourage homeowners from suing as a result of certain claims. Texas insurance companies could soon find themselves facing fewer lawsuits relating to claims involving weather damage. The Texas House passed a bill discouraging homeowners insurance policyholders from filing lawsuits against their insurers in regard to claims involving flood, hurricane or hail damage, for example. At the moment, Texas insurance code provisions include a penalty for failing to follow-through with claims payments. This means that Texas insurance companies risk having to pay more…

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Allstate uses insurance drones to assess storm damage

Logan B.
insurance company drones aerial

The insurer is using the technology to get a better idea of the property damage situation from spring storms. Allstate is using insurance drones to conduct an assessment of the property damage left behind by spring storms in four states. The company already owns the technology in a number of locations and was prepared to implement it when it was needed. In preparation to use the drones, Allstate Insurance readied itself with a solid fleet of the technology. The Allstate fleet of insurance drones are either ready or already being…

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Mental health insurance bill gets Texas House thumbs up

Marc
mental health insurance companies

Tentative approval was given to a bill that would ensure equal insurance coverage for mental and physical care. The Texas House granted tentative approval for legislation to provide equal physical and mental health insurance coverage for care. This would make sure that Texans can obtain care regardless of whether the nature of the illness is of the body or the mind. This health care legislation was proposed by Rep. Four Price (R-Amarillo) earlier this week. The mental health insurance legislation was the first of a number Price filed regarding mental…

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