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Archive for the Live Insurance News Category

Wells Fargo insurance license may be suspended or revoked in California

The state Department of Insurance is seeking the action following alleged improper sales practices. The California Department of Insurance has revealed that it is planning to either suspend or revoke the Wells Fargo insurance license in the state. It is pursuing this intention as a result of […]

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California wildfire loss totals grow among insurance companies

Nationwide has already revealed that it expects to face a loss greater than $1.3 billion from the state’s fires. Nationwide Insurance has announced that it predicts its California wildfire loss will be more than $1.3 billion. Blazes ripped through the state in October and another sparked near […]

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CVS Health to acquire Aetna in a $69 billion bid

The retail pharmacy and health care company could create a significant shift in the insurance industry. CVS Health has made a serious bid to buy insurance giant Aetna for a price tag of about $69 billion. Should this acquisition close, it could push the retail chain further […]

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Wells Fargo could face additional sanctions due to auto insurance practices

The bank may be facing even more penalties from a federal regulator due to mortgage and insurance scandals. Wells Fargo & Co. may already have faced penalties for its mortgage and auto insurance practices but they don’t seem to be over yet. A federal regulator may be […]

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Colorado health insurance registrations up 29 percent over last year’s enrollment

State residents are steadily continuing to sign up for their coverage under the Affordable Care Act. Colorado health insurance enrollment is performing considerably better than it was at this time in 2016. Despite a temporary slow down near the end of November, the Affordable Care Act in […]

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Democrats call Trump’s birth control insurance plan unconstitutional

The administration plans to roll back yet another one of Obama’s health coverage requirements. The Trump administrations strategy to undo a requirement for employers to provide workers with birth control insurance in their health plans is a religious endorsement and it is unconstitutional, say a group consisting […]

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Wells Fargo personal insurance business to shut down in Q1 2018

The firm announced its intention to exit this sector and will start phasing out marketing immediately. Wells Fargo & Co announced it will be leaving the personal insurance business and will start reducing its marketing in that area. The exit from that market should be complete at […]

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States brace for Children’s Health Insurance Program to run out of money

Almost a dozen states are getting ready for CHIP’s funding to run out, leaving kids from low-income families uninsured. Almost a dozen U.S. states are bracing themselves as they watch the Children’s Health Insurance Program (CHIP) rapidly running out of money. The program is designed to provide […]

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Canadian auto insurance fraud is racking up a massive $2 billion annual bill

According to a recent report, many Canadians are regularly scamming their insurers, forcing premiums up. A new Aviva Canada report revealed an auto insurance fraud trend costing insurers $2 billion every year. This added expense to insurers is leading them to increase premiums to compensate for the […]

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Homeowners insurance companies caught overcharging 13 million policyholders

A new U.K. study has revealed that existing customers often pay considerably more than new ones. New Citizens Advice research demonstrates that up to 13 million U.K. customers are being overcharged by their homeowners insurance companies. Loyal customers and senior citizens are particularly victim to this trend. […]

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