Live Insurance News

Health care reform politics are stopping some consumers from buying coverage

November 14, 2014November 12, 2014 Julie Campbell

Some people are choosing not to purchase the required policies because of their political beliefs. As the next open enrollment period for the required health care reform insurance coverage on Saturday is rapidly approaching, the Obama administration is hopeful that the millions of people who chose not to purchase their policies for this year will take the necessary action to protect themselves and their families next year. Research has shown that strong partisan politics are keeping some Americans from enrolling in the exchanges. The National Bureau of Economic Research has…

Health plan shoppers can use Healthcare.gov once again

November 13, 2014November 12, 2014 Julie Campbell

The website went live on Sunday night for those who want to window shop for policies. The federal insurance exchange has finally gone up for health plan window shoppers, and while this service was expected ahead of the open enrollment date of November 15, it still occurred slightly later than was expected. This was because government officials were making sure that the technology and message were better refined. The goal of the early availability of the insurance exchange site ahead of open enrollment is to encourage people who purchased a…

Internet or insurance agent – Will websites shut down neighborhood agencies?

November 12, 2014November 11, 2014 Julie Campbell

As more people go online to shop for and purchase policies, what will happen to professionals in this industry? Despite the fact that many large insurers are making it possible for consumers to shop online to purchase the coverage that they need, many still feel that the insurance agent still does – and will continue to – play a vital role in this industry and agencies won’t be headed anywhere for the next several years. In fact, at the same time that websites are offering more self-service features, more agents…

Cyber insurance gets a shot in the arm from the U.K. government

November 11, 2014November 8, 2014 Julie Campbell

The government is encouraging businesses to better mitigate their risks through this type of policy. The government of the United Kingdom is seeking to increase the adoption of cyber insurance as a method of bettering the way that organizations within the country are able to manage the risks associated with issues such as data breaches. Companies of all size and security protection are experiencing data breaches and cyber attacks at a growing rate. At a summit that was hosted with a number of CEOs from the cyber insurance industry, the…

Auto insurance at Lyft to be put to the test following tragic accident

November 10, 2014November 10, 2014 Julie Campbell

A fatal crash in California will be the first to reveal the way in which the $1 million policy provides coverage. The ride share company, Lyft, which was first founded in 2012 and that has moved into 20 cities has been facing some controversy with regards to the auto insurance coverage that protects the company, its drivers, and their customers, and now it will be put to the test. Near Sacramento, California, there was a fatal accident on Halloween involving a Lyft driver. This represents the first time that the…