Live Insurance News

Aon report focuses on impact of US natural disasters

January 29, 2013January 28, 2013 Nordstrom

Natural Disaster damage insurance trends

US disasters deal costly blow to global insurance industry, according to Aon Aon Benfield, a leading reinsurance and catastrophe modeling firm, has released its latest Annual Global Climate and Catastrophe Report. The report highlights the impact that natural disasters have had throughout the world and how these disasters have hit the global insurance industry and economy. According to the report, two of the world’s costliest natural disasters occurred in the U.S. While these disasters were largely confined to the borders of the country, Aon notes that their influence has sent…

Covered California wins additional funding from federal government

January 22, 2013January 22, 2013 Nordstrom

Covered California receives $674 million grant The California health insurance exchange, which is called Covered California, has been awarded an additional $674 million in funds from the federal government. The funds will help with the development and launch of Covered California, as well as power the marketing campaign that will promote the health insurance exchange. The funds will be issued to the state over the next two years, with part of this grant to be used after Covered California officially begins operation in 2014. Funds to be used to market…

Wal-Mart looks into private health insurance exchange

January 16, 2013 Nordstrom

Wal-Mart begins seeking alternative health insurance solutions Health care overhaul seems to be an unstoppable force in the U.S., and that has put many parties, such as employers, in a somewhat difficult position. As part of the Affordable Care Act, states are being required to host health insurance exchanges. One of the problems concerning these exchanges is that they are designed with consumers in mind, not businesses. Thus, a public exchange system may not be viable for large companies that provide their employees with health insurance benefits. Wal-Mart is among…

Life insurance carriers reach out through social media

January 8, 2013January 9, 2013 Nordstrom

Some topics do not carry over well into the social media and social networking websites that dominate the internet, which is why companies that sell life insurance are finding new ways to approach something that often reminds people of death and tragedy. A delicate subject There are some things people do not want to talk about with friends and acquaintances and do not want to think about on a daily basis. One of these things is death. Life insurance deals with that subject and those that sell it are looking…

Teen auto deaths spike during summer months

January 8, 2013January 10, 2014 Nordstrom

Distracted driving practices attributed to a spike in summer deaths of teenage drivers in 2010, a study by Fatality Analysis Reporting System reports. According to the study, approximately 45 people between the ages of 15 and 20 died each weekend from June through September in the year 2010. Such young deaths are “sobering” according to Sandy Spavone, the executive director with the National Organizations for Youth Safety. The main reason they hit so hard is because these deaths could so easily be avoided. Spavone feels these deaths are completely avoidable…