Live Insurance News

People seek out health insurance on the last day of open enrollment

February 19, 2015February 18, 2015 Nordstrom

Open enrollment has ended, but many sought coverage at the last minute There has been a swell in activity among those looking for health insurance coverage through state-based exchanges on the last day of the open enrollment period. Open enrollment for exchanges ended on February 15, and many people flocked to HealthCare.gov and visited the physical office of their exchanges in order to acquire coverage. With the open enrollment period now over, consumers will not be able to find health insurance coverage through exchanges, apart from certain circumstances. Texas experiences…

Drivers may be paying too much for auto insurance coverage

January 28, 2015January 27, 2015 Nordstrom

Survey suggests that drivers are paying more than they should for insurance coverage Many drivers in the United States may be paying too much for auto insurance coverage, according to a survey from NerdWallet. The survey drew information from 1,000 zip codes throughout the country, including the average rates that insurance companies charge for covering drivers and their vehicles. The survey found that, on average, prices in auto insurance coverage varied by 154% based on zip code. NerdWallet suggests that those shopping around for coverage could find significant savings. Drivers…

Health insurance companies may not be complying with Texas regulations

December 17, 2014December 16, 2014 S.Vagus

Some insurers may be ignoring state regulations regarding transparency Many health insurance companies in Texas may not be complying with the state’s new regulations regarding transparency. The regulations require insurers to submit regular reports to the Texas Department of Insurance, detailing information concerning their health care networks. When insurers do not file reports, or if these reports are inadequate, state regulators are meant to take action, but public records have shown that this rarely happens. As such, many insurers may be circumventing regulations and avoiding regulators entirely. Small number of…

New health insurance campaign launched in Texas

November 13, 2014November 12, 2014 Logan B.

Campaign to promote insurance coverage has gone into effect The Texas Hospital Association has partnered with several civic and business organizations to launch a new campaign that seeks to provide 6 million people with health insurance coverage in Texas. These people do not have insurance coverage currently. The majority of these uninsured individuals cannot afford insurance policies, even those available through the state’s insurance exchange, and they do not qualify for coverage through the state’s Medicaid program. If successful, the campaign could provide some financial relief to the state’s health…

Homeowners insurance in Texas is getting more complicated

October 13, 2014October 11, 2014 S.Vagus

Lawmakers have exited a hearing regarding the Texas Windstorm Insurance Association with new insight Texas lawmakers have learned more about the current problems facing the Texas Windstorm Insurance Association (TWIA). The organization is often the last place where people can find homeowners insurance that provides coverage for certain natural disasters in the state. Like other state-backed insurance organizations, TWIA has had to deal with severe financial issues that have threatened its ability to effectively provide coverage to policyholders. Some of these issues have been resolved in recent years, but state…

Homeowners insurance becomes a hot topic in the search for Texas’ next Governor

October 6, 2014October 4, 2014 Logan B.

Wendy Davis and Greg Abbott agree that insurance coverage is too expensive Homeowners insurance has become a political platform in Texas. The state’s Attorney General, Greg Abbott, and Senator Wendy Davis are campaigning to be the next Governor of Texas, and the two candidates are divided on many issues, apart from insurance coverage. Both candidates agree that more must be done to slow the constant increase in homeowners insurance rates throughout the state. Texan homeowners have seen their premiums grow by a significant amount for the past several years, and…

Homeowners insurance rates are on the rise in Texas

September 22, 2014September 20, 2014 G. Turner

Insurance coverage is becoming more expensive because of natural disasters in the past Homeowners insurance rates are on the rise in Texas, and natural disasters may be the cause. The state has not been hit by a major hurricane in six years and devastating wild fires have not been seen since 2011. Despite the apparent lull in catastrophe, rates for insurance coverage continue to grow. This has to do with the lasting impact of natural disasters and how they affect the insurance industry. Texas is prone to disasters and insurers…