Live Insurance News

Insurance news from India includes massive security risk

July 2, 2013July 1, 2013 Julie Campbell

Companies are facing backlash from fired employees who took sensitive data with them when they left. A massive struggle in India is making insurance news, as Indian insurers discover that employees whom they fired are using sensitive information that they brought with them in order to create a kind of guerilla backlash. A number of insurers have now alerted the country’s regulator to inform it of this situation. What this insurance news has revealed is that fired workers walked away with the data associated with thousands of policies, and that…

Health insurance exchange campaign from HHS underway

June 28, 2013June 26, 2013 Julie Campbell

Considerable efforts from a new call center to a revamped website have been created to educate people about the changes. The Department of Health and Human Services has now launched a new campaign to help to spread the word about the health insurance exchanges, what they’re about, and how they will be used starting in October when the open enrollment begins. This campaign has been launched to make sure that Americans can easily gain all the information they require. In an effort to help to enroll millions of people through…

Auto insurance customer satisfaction falls in US

June 27, 2013June 25, 2013 Julie Campbell

A J.D. Power study has shown that policyholders are not as happy with their insurers as they once were. According to the results of a study that was conducted by J.D. Power and Associates, customer satisfaction with American auto insurance companies has fallen in five different categories within the last year. The research showed that policyholders are not expressing the level of satisfaction that they were in 2012. The areas of auto insurance customer satisfaction that were measured by J.D. Power were in policy offerings, price, interaction, billing and payments,…

Flood insurance claims on their way to Canadian insurers

June 26, 2013June 24, 2013 Julie Campbell

The flooding in southern Alberta and the Calgary area may be among the most expensive natural disasters in the province. Residents and businesses in the Canadian province of Alberta are just starting to assess the damage from what is being called one of the worst natural disasters in the history of the area, and flood insurance companies are preparing for the massive influx of claims that are now on the way. The flooding that has been experienced in the region is entirely unprecedented, leaving insurers scrambling. It has been estimated…

Usage based insurance subscribers expected to double

June 24, 2013June 22, 2013 Julie Campbell

Over the next three years, there will be twice as many users of UBI auto policies in the United States and Europe. According to the latest data from Frost & Sullivan, a business consulting firm, sixty percent of large insurers in the United States are already offering usage based insurance telematics programs to provide discounts to their auto insurance customers who are safe drivers. The U.S. is seen as the fastest growing market for this type of coverage technology program. Among those auto insurance companies who are offering this type…