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http://www.liveinsurancenews.com/ - This week in insurance news we're covering; Consumer satisfaction in homeowners insurance, Kansas health insurance changes, electronic proof of auto insurance, FEMA changes in flood insurance rates and how most health insurance plans do not meet the health care reform requirements. Join us we explore the changes that affect us all.
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this is Michael aerin reporting live
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Insurance
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news insurance agents will be happy to
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hear that the latest report in from JD
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Powers makes note of consumer
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satisfaction being higher than ever when
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a claim is reported to the agent first
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as opposed to them being redirected to
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the insurance company the study shows
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that consumer satisfaction is climbing
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despite the problems that recent natural
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disasters have caused upon the industry
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and homeowners alike making this time
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the first claims report and even more
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crucial time that the agents first touch
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base with their clients the study also
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suggests that on a regular basis
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settlements are expected to increase by
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$250 every
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year the house struggled with Senate
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Bill 163 but finally gave the okay to
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open up the market allowing major
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medical or what some refer to as
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barebones health insurance policies to
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be sold within the state the hope for
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the bill is that it will provide
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residents with the choice of a discount
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health insurance
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plan however there were some in the
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house that were not entirely in favor of
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the health insurance bill arguing it
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could place residents who purchased the
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coverage at risk of increased cost in
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the long
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run many drivers are getting confused as
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to whether or not their state allows
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electronic proof of insurance throwing
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out their ID cards and opting for their
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mobile phones instead National run
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commercials are adding to the confusion
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many not yet realizing that it is
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unavailable in their state although it
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is not legal in all states the numbers
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are growing steadily so far digital
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proof of insurance is acceptable in
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Virginia Alabama Arkansas Idaho
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Minnesota Kentucky California Arizona
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Wyoming Mississippi and
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Louisiana the agency has been making
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revisions to the flood maps that are
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used to categorize properties and
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designate regions of the us that are
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prone to catastrophic flooding although
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many are nervous to see what the next
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move by FEMA will be I stated the agency
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will need to increase rates in high-
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Risk areas by 25% taking effect in 2014
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many with previous losses will also see
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this increase other changes in flood
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insurance news are starting in July of
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this year homeowners that let their
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flood insurance laps will no longer be
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eligible for the program leaving them
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with no other choice but to pay Force
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Place coverage through the lender
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a new study shows just over half of the
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health plans do not meet the required
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coverages by the new healthc care reform
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law this will force consumers to change
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their plan if the insurer does not many
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have argued that in order to meet the
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federal requirements Health rates will
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have to go up estimates from the
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Congressional budget office show that in
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2016 there will be approximately 24
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million people who are buying their own
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plan through health insurance exchanges
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the other remaining 12 million will keep
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their current plan or buy directly
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through the
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company that's it for this week in
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Insurance news don't forget to visit at
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www lifeinsurance news.com
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