Bureau of Labor Statistics releases info on employee benefits in the U.S.

Bureau of Labor Statistics releases info on employee benefits in the U.S.

(Washington, DC – Insurance News and Markets) – In March 2016, the participation rate for employer-sponsored medical care benefits for civilian workers was 52 percent, which is higher than in private industry workers (49 percent) and more than 20 percent below state and local government workers (73 percent). When it comes to employer-sponsored retirement benefits, […]

Recent Trends in Self-Employed Insurance by Firm Size

Recent Trends in Self-Employed Insurance by Firm Size

(Washington, DC – Insurance News and Markets) – In exploring trends in self-insured health insurance among private sector businesses that offered health plans, between 1996 and 2015, the Employee Benefit Research Institute sought to find out whether the Affordable Care Act could impact those trends. Key findings included that more private businesses offering health plans […]

Insurance Information Institute offers tips for car insurance shopping

Insurance Information Institute offers tips for car insurance shopping

(New York, NY – Insurance News and Markets)  – In the past few years, consumers have found that they are paying about 10 percent more for car insurance, and there are several reasons for this, according to the Insurance Information Institute (I.I.I). One factor is that there’s a stronger job market; this means more people […]

Employee Benefit Research Institute announces Health Insurance coverage

Employee Benefit Research Institute announces Health Insurance coverage

(Washington, DC – Insurance News and Markets) – Employee Benefit Research Institute announces health insurance coverage findings from first months of Affordable Care Act implementation According to the EBRI Notes article published in July, health insurance coverage grew for individuals under the age of 65, between 2013 and 2014. Data from 2013 and 2014 was […]

New York announces hotline for ‘zombie properties’

New York announces hotline for ‘zombie properties’

(New York, NY – Insurance News and Markets) – As part of an effort to decrease the number of abandoned homes in New York State, on  June 28, Gov. Andrew M. Cuomo announced the creation of a telephone line for residents to report abandoned homes in their neighborhoods. New York residents can call 800-342-3736 to […]

Minnesota Commerce Department orders insurance company to reduce rates nearly 50%

Minnesota Commerce Department orders insurance company to reduce rates nearly 50%

(Saint Paul, MN – Insurance News and Markets) – Last month, Minnesota Commerce Commissioner Mike Rothman’s agency imposed a $1 million penalty against American Modern Insurance Group, and ordered the company to refund money to Minnesota residents who were overcharged for “force-placed” insurance. The company must also reduce rates by 43 percent. “The Commerce Department […]

Idaho is reviewing health insurance rates

Idaho is reviewing health insurance rates

(Boise, ID – Insurance News and Markets) – The Idaho Department of Insurance has posted proposed health insurance premium rates for plan year 2017 on its website, http://www.doi.idaho.gov/company/ratereview/ . Health insurance carriers submitted their rating information in May, and significant changes have been proposed to plan offerings and networks. Consumers should carefully review their options […]

Insurance Commissioner urges block of Aetna/Humana merger

Insurance Commissioner urges block of Aetna/Humana merger

(Sacramento, CA – Insurance News and Markets) – In late June, California Insurance Commissioner Dave Jones asked the U.S. Department of Justice not to allow the proposed merger of insurance companies Aetna and Humana, saying that the health insurance market is already highly concentrated, and potential for reduced consumer choice, reduced quality, and increased prices. […]

DISB exempts private fund advisers from securities licensing requirements

DISB exempts private fund advisers from securities licensing requirements

(Washington, DC – Insurance News and Markets) – On June13, The District of Columbia Department of Insurance, Securities and Banking (DISB) issued an order that cleared certain investment advisers to private funds from following the District’s securities licensing requirements. “Providing a regulatory environment that fosters business growth and opportunity in the District of Columbia is […]