0:07
this is steven vegas with
0:09
liveinsurancenews.com bringing you the
0:11
major headlines from this weekend
0:13
insurance news health insurance survey
0:15
shows 84 million americans
0:17
uninsured or underinsured for a time in
0:21
according to research conducted by the
0:23
commonwealth fund there were 84 million
0:26
people who either went uninsured
0:27
or underinsured for a span of time last
0:30
year the reason has to do with a
0:32
provision of the affordable care act
0:33
that allows young adults to remain
0:36
on the health insurance plans of their
0:38
parents for a longer period of time
0:40
in the case of underinsurance research
0:42
suggests that rising medical costs
0:46
to the trend of people going without
0:50
the insurance industry may not be liable
0:52
for payouts relating to the boston
0:55
the boston marathon bombings continue to
0:57
send ripples throughout the insurance
0:59
industry as more details concerning the
1:01
disaster come to light
1:03
the federal government has been
1:04
pressured to avoid the term terrorism
1:07
as such classification could make the
1:09
insurance industry exempt from paying
1:13
classifying the attack as an act of
1:14
terror puts it within the realm of
1:17
which is a somewhat uncommon form of
1:19
coverage in the united states
1:22
auto insurance rates are set to spike in
1:27
auto insurance rates in new jersey are
1:29
on the rise this year despite the fact
1:31
that the state is home
1:32
to some of the highest premiums in the
1:34
country state regulators have approved
1:36
rate increases coming from 26
1:38
auto insurance companies and these rate
1:41
increases are expected to
1:42
take effect later this year insurers
1:45
consider the rate hikes to be modest and
1:47
necessary to account for emerging
1:49
threats in the market
1:52
homeowners insurance program created for
1:55
alabama coastal residents
1:57
homeowners along the alabama coast are
1:59
slated to gain access to a new insurance
2:01
program that could provide them with the
2:03
protection they need from wind damage
2:05
and flooding the coverage is being
2:07
provided by frontline homeowners
2:10
a company specializing in providing
2:12
coverage for high-risk areas
2:14
such as coastal properties the insurer
2:17
claims the coverage that it is offering
2:19
is not available through any other
2:21
program making it unique in alabama
2:25
health insurance exchange sparks drama
2:29
in five months ohio will have its own
2:31
health insurance exchange
2:33
there is still a lot of uncertainty
2:35
concerning the exchange however
2:36
as it will be run by the federal
2:38
government and not by the state
2:40
some of the uncertainty lingering in
2:42
ohio involves the financing of the
2:45
and the fact the state has received less
2:49
than others for its own health insurance
2:52
several of the state's legislators claim
2:54
that the exchange will be underfunded
2:56
due to lack of federal support
2:59
that's it for this week's news roundup
3:01
be sure to visit lifeinsurancenews.com
3:03
for active coverage of the issues that