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Archive for the Live Insurance News Category

California wildfire insurance losses have reached $3.3 billion and continue to rise

A new report from the state Department of Insurance released figures based on claims reported by 15 insurers. The losses faced by California wildfire insurance companies continue to rise as the figure has now broken the $3.3 billion mark. That number was revealed by the California Department […]

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Health insurance exchanges start fifth annual open enrollment period under ACA

The Affordable Care Act is moving forward with its marketplaces despite repeated efforts by Republicans. The last year has represented a consistent Republican effort to stop the health insurance exchanges from moving forward in the form they initially took through the Affordable Care Act. That said, despite […]

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Munich Re profits likely to suffer as a result of 2017 hurricanes

Harvey, Irma and Maria will take their tolls on the insurance and reinsurance giant. One of the largest insurers in the world has stated that hurricanes would cause it to suffer a loss as Munich Re profits prove inadequate. The company said its 2017 third quarter would […]

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CVS Health called “insane” for attempting to step into insurance industry

Wall Street Analysts are baffled by the pharmacy and drug store chain’s potential Aetna purchase. CVS Health revealed its intentions to purchase nationwide insurance provider, Aetna. This would represent the company’s first steps into the health insurance industry. At the same time, it has Wall Street analysts […]

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State insurance regulators start approving rate hikes to cover Trump’s slashed subsidies

Officials in Maryland have already given their approval to the last minute increases, but others are following. Insurance regulators in many states are starting to look into last minute health plan rate increases to compensate for the elimination of Affordable Care Act subsidies. Michigan officials have warned […]

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Mobile insurance claims are taking a while to catch on with consumers

J.D. Power data shows insurer apps aren’t rapidly taking off among policyholders filing for payments. Mobile insurance claims aren’t very popular among policyholders, says J.D. Power data. Even though auto insurance companies across the country have launched massive advertising campaigns, consumers are still slow to adopt the […]

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California Department of Insurance estimates suggest $1.05 billion in wildfire damage

Official estimates indicate that the devastating wildfires that plague the state will create billion dollar losses. The California Department of Insurance has released an estimate for the damages left behind by the catastrophic wildfires that have left historic damages in the state. The department believes the insured […]

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Cancer insurance coverage rose significantly because of the Affordable Care Act

The controversial health care law nicknamed Obamacare has made a measureable difference in reducing uninsured adults. The number of adults who have cancer insurance coverage saw a striking increase with the implementation of the Affordable Care Act. Following Obamacare, a much higher number of Americans who had […]

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Health insurance disclosure is required on tax returns to avoid I.R.S. rejection

The Internal Revenue Service announced its intentions to step up the enforcement of the ACA tax penalty. Even as President Trump works to dismantle the Affordable Care Act, the I.R.S. has taken steps to enforce health insurance disclosure on tax filings. The Internal Revenue Service revealed new […]

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Breast cancer risk of death greater among black Americans due to uninsured rates

This demographic has less coverage than the average woman in the United States, threatening their health. Results of a newly released study show that black woman have a greater chance of death due to their breast cancer risk as they are less likely to have adequate health […]

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