The U.S. health care system has changed significantly since the passage of the Affordable Care Act. The federal law introduced many changes to the insurance space and health care market and helped change the way that people shop for health insurance coverage. With the launch of insurance exchanges, new marketplaces were opened up to consumers, but these exchanges also represented a promising opportunity for scammers that are looking to exploit a person’s private information. The U.S. Federal Trade Commission recently issued a warning about the growing prevalence of insurance scams,…Read More
Author: Note From The Editor
The Insurance Industry and Technology
The insurance industry has long been wrestling with ways to engage and retain customers. Like any business, insurance companies have to evolve with changing times and the way that consumers interact with one another and how they choose to interact with companies. Technology has become one of the most powerful forces in the world and insurers are having trouble adapting to this fact. Throughout the insurance industry, companies are beginning to adopt new business strategies that are based on the use of new technology. Some of this technology has to…Read More
Predicted disasters from climate change may make or break the industry
Climate change is often a controversial and uncomfortable subject, but this is not necessarily the case in the insurance industry. For years, insurance companies have been pressuring governments to take more action on the climate change problem, citing scientific studies and their own actuarial analysis regarding the future impact of the phenomenon. In the U.S., some insurance companies have gone so far as to file lawsuits against states that have not done enough to mitigate the risks of natural disasters. Insurance and climate change have become intertwined over the past…Read More
The Power of Social Media in the Insurance Industry
The insurance industry can benefit from social media Social media can be a powerful tool for consumers and businesses alike. Platforms like Facebook, Yelp, and Twitter offer companies an opportunity to engage consumers in a more dynamic way, while also serving as platforms for consumers to express their opinions about the products and services that a company may be offering. For the insurance industry, social media can be quite important to maintaining credibility. Insurance is often a controversial issue, with many companies being seen as disconnected from consumers entirely. A…Read More
Does Health Care Reform Need Reform?
Los Angeles, CA: LiveInsuranceNews.com has run its first poll concerning health care reform in the U.S. This has been a hot topic for some time and has served to divide much of the country. Before the Affordable Care Act was signed into law, many people questioned whether or not it would be able to solve the problems of the country’s health care sector. Others were convinced that the law would solve these problems and help make insurance coverage more affordable, if not completely free. Since the law was enacted, the…Read More
Flood Insurance is a Problem in the U.S.
Flood insurance remains a problematic issue that relatively few people are paying attention to in the United States. For homeowners, this type of insurance coverage comes from the federal government, issued through the National Flood Insurance Program (NFIP). This program is managed by the Federal Emergency Management Agency. NFIP is typically the only place to find flood protection, but the program is suffering from crippling debt and management issues that make it less than ideal for those wanting to be protected from natural disasters. An estimated 20% of homeowners throughout…Read More
Technology Is Changing the Insurance Industry
Technology is beginning to play a major role in the lives of people everywhere. People are beginning to use mobile devices and traditional computers more frequently, and this is having an effect on their daily lives. Businesses are also beginning to become more reliant on various forms of technology, including those in the insurance industry. The advent of technology is having a major impact on the industry and how it operates in three ways. Accessible Information Technology is making information much more accessible than it has been in the past.…Read More