• May 17, 2021

How Texas’s insurer market may shrink to just one insurer after all, Bloomberg says

Texas has one insurer for every 100,000 residents, but the state’s insurance market is shrinking.That’s according to a new analysis from Bloomberg, which said it expects to end up with just one insurance carrier for the next two years.The news comes amid reports that insurers are cutting back on the number of people covered under…

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All US insurance companies to give consumers more information about home insurance options

The US insurance industry is coming under fire after several big insurers said they would provide consumers with more information on their home insurance policies.All the big US insurance carriers, including Aetna, Anthem, Humana, and United, announced that they would soon begin providing consumers with a form of a home insurance card that would allow…

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Which insurance agencies are at risk for losses?

The federal government has estimated that as many as 50 percent of all health insurance companies are vulnerable to potential financial losses if they cannot keep pace with rising medical costs.The Centers for Medicare and Medicaid Services, which oversees the health insurance marketplaces, issued a warning Friday to insurers and other health insurers that they…

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Alabama insurer to file suit over $2M hit to insurers coverage

ALABAMA–A major insurance company is suing the state of Alabama for $2 million over the loss of $1 million in coverage for the same incident in Alabama that killed two men and injured 11 others.The Insurance Department filed a lawsuit Tuesday against Alabama Insurance Agency over the $1.8 million in unpaid claims that the company…

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US court rules insurance firm at centre of ‘unethical’ insurance fraud scandal

A US court has ruled that Alliance Healthcare’s insurance fraud scheme is illegal.In an unprecedented ruling, the three-judge panel ruled on Friday that the company’s insurance industry was “not immune” from charges arising from the fraud scandal.The court ruled that the fraudulent insurance scheme that led to billions of dollars in losses for US insurers…

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How to pay for your own health insurance after you retire

What happens when you retire from the military and get health insurance on your own?You may need to pay a premium to cover the cost of your own care.That’s what happened with me when I was a veteran.I retired from the Army in 2007 and bought my own health plan on a government website.I used…

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Updated 10:30 p.m. ET | GOP seeks help from CBO on ObamaCare spending

A top Republican on the House Ways and Means Committee wants a CBO report on the health care law’s $872 billion spending and said that GOP leadership “must give us some answers on the issue of ObamaCare premiums” before lawmakers are allowed to vote on the legislation.Speaking on CNN’s “State of the Union” on Sunday,…

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