Category: Latest Insurance News Articles

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

Insurance industry could soften the U.S. pension crisis

G. Turner
US life insurance policy payout ruling

Senator Hatch from Utah believes that insurers could hold the key to easing the struggle that will be faced. On Tuesday, one of the top Republican senators proposed legislation that would considerably alter the way that public pensions function by having the life insurance industry pay benefits by way of annuity contracts. The purpose of this newly unveiled legislation would be to assist in alleviating the underfunding from which many plans suffer. Senator Orrin Hatch of Utah is the highest ranking Republican on the Finance Committee. He introduced a bill…

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Commercial insurance rates on the rise in the US

S.Vagus
Commercial Insurance

MarketScout data shows growth of commercial insurance rates Commercial insurance rates continue to rise in the U.S., according to data from MarketScout, an insurance quotes firm. Rates have risen for four consecutive months throughout the country for various reasons, including the impact of natural disasters, fraud, and general issues involving theft and regulatory changes. Commercial insurance rates are expected to continue growing in the foreseeable future, especially where vehicle and property coverage is involved. Exactly how quickly rates will grow is not certain. Rates grow by 5% in June of…

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Insurance news from UK reveals investigation plans from regulator

H. Cutner
UK cyber Insurance industry News united kingdom

The FCA is now looking into the selling strategies many insurers are using with add ons. The Financial Conduct Authority (FCA) in the United Kingdom has made an insurance news announcement that it is investigating techniques being used by insurers for the sale of their products in order to increase their competitive powers. The study is being conducted specifically into the practices surrounding the add ons in the industry. The Chief Executive of the FCA, Martin Wheatley, first announced the insurance news at an industry conference that was held on…

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Insurance industry in Kenya continues to struggle despite income

G. Turner
insurance industry - Kenya struggles

Even though insurers in the African country have been bringing in billions, they are still bleeding money. The Kenyan insurance industry has always faced struggles in selling to the majority of the residents of the country, but despite the fact that it has been bringing in billions, money is still being lost in every direction. The sector continues to have a penetration beneath 4 percent, as has been the case for over 60 years. This has been the case since the first insurer established the insurance industry. That company was…

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New health insurance regulations introduce changes to Affordable Care Act

Nordstrom
health insurance exchanges

Obama administration introduces more health insurance revisions As the Affordable Care Act inches closer to becoming fully enacted in the U.S., the Obama administration is making somewhat unexpected moves on the health care law and its provisions concerning health insurance. The federal law is set to go active in its entirety on January 1, 2014. Once the law has been fully enacted, it will be too late for states throughout the country to comply with its provisions, which is somewhat problematic due to the fact that most states have yet…

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