Category: Latest Insurance News Articles

The latest headlines, on all lines of insurance, will be updated and listed here.

Allstate Foundation survey shows financial disconnects between parents and teens

Julie Campbell
investigate analize teen child allstate foundation

Important personal money management topics such as paying for college are also not discussed as much with girls as boys. A survey conducted by Junior Achievement USA in partnership with The Allstate Foundation has shown that there is not only a disconnect between teens and their parents when it comes to certain important finance topics such as paying for college, but that these topics are discussed more with boys than girls. The research revealed that girls don’t envision themselves with as much earning potential as their parents. These results came…

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Insurance industry may not be living up to expectations

Marc
California health insurance industry agent

Insurance agents and brokers are falling behind when it comes to meeting consumer expectations The insurance industry may be having a problem with providing consumers with a favorable experience, according to a report from Market Insight Group and Applied Systems. The report shows that independent insurance agents and brokers are failing to provide their clients with an experience that they have come to expect, which is leading to a disconnect between consumers and the insurance industry. A poor experience could lead consumers to seek coverage from other companies. Report highlights…

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Australian government to investigate high homeowners insurance rates

S.Vagus
australia ANZ life insurance

Government will be examining the rate at which insurance premiums are growing in Queensland The Australian Federal Government will be investigating the claimed need for higher property insurance rates in Central and Northern Queensland. Those living in these areas have seen their insurance rates grow at an exponential pace, placing them under heavier financial burden than they have experienced in the past. Some federal officials believe that the rate hikes that property owners have experienced are “ridiculous,” and they want to ensure that consumers are being treated fairly. Disasters continue…

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Cyclone program making insurance news in Australia

Julie Campbell
Austrailia's Cyclone Yasi insurance news

A taskforce is looking into various options such as a reinsurance pool backed by the government. The Abbott government is making insurance news as it considers making financial support available to reduce the premiums that are being paid in certain regions of Australia that are particularly prone to cyclone damage. There have been a number of different potential options presented by the government for this purpose. Among those making the top insurance news include a government-backed reinsurance pool, or a form of coverage specific to cyclones that is provided by…

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Flood insurance rates to skyrocket higher in the US

Logan B.
Floodwaters flood auto insurance claims

Flood protection will become significantly more expensive for coastal homeowners Flood insurance rates for coastal properties throughout the United States will rise in April. Rates will rise as a result of the Homeowners Flood Insurance Affordability Act of 2014. The legislation was meant to address the growing issue of expensive flood insurance coverage. One of the provisions of the legislation was meant to delay rate increases for a time, but coastal properties are expected to see significant rate increases due to the other provisions of the law. Coastal properties are…

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