4 Things About Insurance Companies You Should Know

When you become an adult, you’ll probably realize you need insurance. The more of it you have, the better you will feel. You might need homeowner’s insurance, various car insurance varieties, life insurance, and potentially dozens of other kinds. There are some things about insurance companies, though, that either the general population doesn’t realize, or else they don’t spend very much time thinking about them. We’ll talk about insurance companies a little bit in this article, and we’ll point out some ways they operate that you should never ignore. They’ll…

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Protect Yourself From Health Insurance Scams

Online health insurance scams can be avoided

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,…

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The Insurance Industry and Technology

social technology insurance industry

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…

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Predicted disasters from climate change may make or break the industry

Insurance Industry Climate change

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…

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The Power of Social Media in the Insurance Industry

social media and 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…

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