The Colorado Division of Insurance has fined Esurance, a California-based property and casualty insurer, $154,000 for various violations of the state’s market conduct regulations. Esurance sells automobile liability and physical damage insurance directly to Colorado residents via telemarketing and the company’s website. Those violations included: Failure to offer to exclude a specific driver and to disclose the modified [...] [...]
by Amy Gillentine Published: August 9,2010
Tags: American Underwriters Insurance, Division of Insurance, Insurance, Marcy Morrison
Coloradoans who used American Underwriters Insurance will receive more than $875,000 in refunds from the Kansas-based insurance company. The Colorado Division of Insurance found that company used inaccurate rates and overcharged Colorado clients. The inaccuracies were discovered during a yearlong review of every insurance company offering credit insurance products in Colorado, an effort to ensure the companies [...] [...]
by Amy Gillentine Published: June 15,2010
Tags: employer health costs, Insurance, PriceWaterhouseCoopers
Employers can expect medical costs to increase by 9 percent next year, a slight decrease from the 2010 growth rate, according to a report from PricewaterhouseCoopers. For the first time, a majority of American workers is expected to have a health insurance deducible of more than $00 as more employers raise out-of-pocket limits, replace co-pays with [...] [...]
by Amy Gillentine Published: May 19,2010
Tags: coverage, Health Savings Accounts, Insurance
Ten million people now use health savings account insurance plans, an increase of 25 percent since last year, according to an annual report from America’s Health Insurance Plans, an industry trade group. The largest purchaser of the plans was the large-group market, which rose by 33 percent, followed by the small group coverage, which grew 22 [...] [...]
by Staff Writer Published: April 24,2010
Tags: health care reform, Insurance
Small businesses will be able to pool together to buy insurance under the new federal health-care legislation passed earlier this month. By no later than 2014, states will have to set up small-business health options programs, or SHOP exchanges, where small businesses will be able to pool together to buy insurance at presumably lower premiums for [...] [...]
by Amy Gillentine Published: February 18,2010
Tags: Health Care, Humana, Insurance, job cuts
Humana will cut its work force by 5 percent, or 1,400 people, during 2010, the result of lower enrollment rates at the insurance company. The company plans to reduce the impact of 2,500 job cuts by adding 1,100 jobs in medical-cost containment, pharmacy management and specialty products - the company’s growth areas. Humana said the reductions will [...] [...]
by Amy Gillentine Published: January 29,2010
Tags: Insurance, Small Business
If insurance plans cost more, small businesses want more Small businesses say they are being shortchanged by their health insurance companies. A recent PricewaterhouseCoopers report shows businesses expect more from their insurance companies — They want more information, more technology and more health and wellness. Premiums continue to rise — particularly in the small group market, and business [...] [...]
by Amy Gillentine Published: November 20,2009
Tags: Insurance
Long-term care insurance has problems, but still best choice available for most Insurance might not be the perfect solution to long-term care for the elderly, but it is currently the only solution available. Long-term care insurance is supposed to pay for treatment in a nursing home, assisted living facility or for a home health nurse when seniors [...] [...]
by Amy Gillentine Published: November 6,2009
Tags: Health Care, Insurance
For the ninth consecutive year, the Colorado health insurance market experienced a double-digit rate increase. The annual Lockton Benefit Group survey shows that premiums statewide will increase 11.8 percent next year. “This survey is significant in that it demonstrates that the rate of increase in the cost of coverage in Colorado greatly exceeds the national average,” said [...] [...]
DENVER (AP) - A Colorado insurance company is changing its attitude about fat babies. Rocky Mountain Health Plans said Monday it will no longer consider obesity a “pre-existing condition” barring coverage for hefty infants. The change comes after the insurer turned down a Grand Junction 4-month-old who weighs about 17 pounds. The insurer deemed Alex [...] [...]
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