Cyber insurance growth has declined as the industry struck $2 billion last year

Cyber insurnce growth - binary - cyber - tech

Fitch Ratings data showed that the market’s growth fell from 37 percent in 2017 to 8 percent in 2018. Cyber insurance growth has continued to rise at a healthy rate, but according to Fitch Ratings, it is not growing at a rate anywhere near what it was in 2017. In 2018, the insurance industry’s total direct written premiums for cyber coverage grew by 8 percent. According to Fitch Ratings, the total direct written premiums saw a cyber insurance growth rate was 37 percent in 2017. However, despite the fact that…

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Georgia insurance commissioner indicted in alleged $2 million fraud case

Georgia Insurance Commissioner - Dangling money

The U.S. attorney’s office described the case and the allegations against Jim Beck. Earlier this week, the United States attorney’s office laid out what it called a $2 million fraud case which involves Georgia Insurance Commissioner Jim Beck. The commissioner’s attorney entered into negotiations regarding when and how Beck would turn himself in. The Georgia insurance commissioner is the target of a 38 count indictment. It accuses Beck of widespread fraud regarding work he did for the Georgia Underwriting Association (G.U.A.). The alleged fraudulent activities all occurred before Beck was…

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Maryland to let residents complete health insurance enrollment on tax forms

Health insurance enrollment - Income Tax - Filing Taxes

Governor Larry Hogan signed the first measure in the country to provide this opportunity. Maryland has become the first state in the country to make it possible for residents to complete a health insurance enrollment at the same time that they file their taxes. The governor signed the bill on Monday, making it possible for tax forms to double as insurance applications. The new bill lets residents use their tax forms for the opportunity to complete their health insurance enrollment as well. When Governor Hogan signed the bill, it made…

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College Insurance Programs Protect Students & Families from the Risks of College Life

college insurance info

GradGuard™ search tool makes it easy for college parents to protect their students and investment from the risks of college life. Phoenix, Arizona, May 14, 2019 – Millions of high school graduates have selected the college or university where they are confident they will successfully complete their degree.  Unfortunately, only slightly more than half of students who start college will successfully complete their degree. As a result, college students and their families are smart to be ask some essential questions regarding their investment in higher education and take steps to…

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Allstate made the most talkworthy insurance marketing campaign

Insurance marketing campaign - chalkboard - Services

The video game industry and the insurance industry portion of financial services marketed successfully. The most talkworthy insurance marketing campaign was created by Allstate, which beat out all other campaigns in the financial industry. At the same time, PlayStation accomplished the same thing within the video game industry. This, according to a recent analysis by Engagement Labs. These companies created the campaigns about which people were talking the most. The MIT Sloan Management Review published analytics demonstrating the way in which discussions with friends, family and coworkers are a driving…

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Parents are looking to education insurance to protect school costs

Education Insurance - Women on Laptop

Many people are making sure their tuition money is safe by investing in policies to ensure coverage. Some parents who have realized the risk involved in the funds they spend on tuition are turning to education insurance to keep their investment safe. Should anything happen during a student’s college career, recovering education costs can be difficult. Colleges typically offer different forms of refund policies. That said, after four to six weeks into the semester have passed, the refund policies for most colleges will have expired. This means that it’s nearly…

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Hurricane Preparedness Week encourages homeowners to check their insurance

Hurricane Preparedness Week - big waves from hurricane

The industry is reminding property owners to review their coverage and update if necessary. The insurance industry used this week, Hurricane Preparedness Week, to remind homeowners that storm season is on its way. This makes the week the perfect opportunity to go over insurance policies and make changes to prepare properties for what could potentially be an active year. The insurance industry has released lists of helpful instructions to keep customers properly covered. Hurricane Preparedness Week arrives just before the official season begins. That way, homeowners have time to look…

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