You might not think of life insurance as a gift, but it is. In fact, it’s one of the best gifts you can give your new child. Why? If you suddenly die, your life insurance policy becomes wellspring of cash for your kid when he needs it most. However, there’s just one thing standing in your way: money. Life insurance isn’t free. Here’s how to afford it without breaking the…

January 1, 2014 is when the majority of the regulations that make up the Obama administration’s landmark health care reform bill known as the Affordable Care Act go into effect. President Obama enacted the ACA as a way to insure that all Americans would receive health care coverage that’s both affordable and comprehensive. In addition to putting health insurance within the grasp of many Americans, the new regulations bar insurance…

According to the results of a recent survey, drivers will report their data in order to achieve greater savings. The results of a survey from Cisco Systems, the networking giant, have now been released in a report from the company that have shown that usage based insurance has great potential as consumers are willing to embrace technology in their vehicles in order to enjoy lower premiums. Consumers have shown that…

Prudential has agreed to pay a penalty of $14 million to compensate for the payments it did not make. Following a Department of Commerce review of Prudential life insurance policies in Minnesota in which no claims had been made following the deaths of the policyholders and where no benefits had been paid out, the insurer has agreed to a settlement, this week. The settlement is reported to be for $14…

Insurance industry continues to see threats in digital world Cyber security has become a very big deal for the U.S. government. Federal officials often highlight the risks that exist in the digital world, expressing their concerns that hackers and malicious parties could do irreparable damage to the country in a variety of ways. While these threats can often be over-politicized, the insurance industry is well aware of the risks they…

The acting chief has now been confirmed as the new confirmed head – the first in six and a half years. This week, the Senate has made insurance news with its approval of the nominee of President Obama for the chief of Medicare and Medicaid, Marilyn B. Tavenner, who has been acting chief until now. This is the first confirmed chief that has held this position in six and a…

Young people could still face some challenges with health insurance coverage One of the primary tenets of the Affordable Care Act is to make health insurance coverage more available to a wider range of consumers throughout the U.S. Part of this goal is meant to be accomplished by making young adults more eligible for health insurance coverage that they need. The health care law has, thus far, made it easier…

Lawmakers have given the state backed insurer the ability to take action to reduce its policyholders. The state backed homeowners insurance company, Citizens, in Florida, will now be reducing its number of policyholders following the approvals that it has recently received from lawmakers. Hundreds of thousands of policies will no longer belong to Citizens but will be shifted to the private market. Certain areas are being affected more heavily than…