Live Insurance News

Auto insurance premiums continue to grow in the UK

January 20, 2016January 21, 2016 S.Vagus

UK reports greatest increase in premiums it has seen since 2011 Auto insurance premiums in the United Kingdom saw the greatest increase in 2015 that have been reported in the country since 2011. Throughout 2015, rates have been growing steadily, with some drivers expressing concern regarding the increased financial pressure. According to Confused.com’s auto insurance price index, rates in the UK rose by an average of 13.2% overall. In the fourth quarter of last year, rates grew by an average of 6.9%. Insurance Premium Tax and other factors are affecting…

Public long term care insurance program debate to start in Hawaii

January 19, 2016January 17, 2016 Julie Campbell

Hawaii long term care insurance industry

The state is about to begin a discussion about starting the first universal coverage program in the country. Hawaii is about to enter into a debate that will discuss whether or not the state should launch the first public long term care insurance program to exist in the country; a move that will likely have the nation’s insurance industry watching very closely. This LTC insurance program would be the first time coverage of this nature was offered by a state. The benefit for people covered by a universal long term…

Homeowners insurance from Citizens may be getting pricier (again)

January 19, 2016January 17, 2016 H. Cutner

Louisiana residents with this coverage may soon be paying more for their coverage later in 2016. Residents of Louisiana who purchase the homeowners insurance of last resort in the state may soon find that their rates are going to be higher than they had been last year, if Citizens gains approval for an increase request that they have submitted. The increases wouldn’t go into effect until later this year, but property owners should prepare themselves. Should the homeowners insurance rate increases be approved, it will be residents of Terrebonne and…

PolicyGenius establishes another foothold in the insurance industry through latest round of funding

January 19, 2016January 17, 2016 Logan B.

Company has raised $15 million in funding PolicyGenius, a comparison insurance brokerage based in Brooklyn, New York, has announced that it has raised $15 million in its latest round of funding. The funding will allow the company to extend its insurance comparison insurance services, allowing it to provide consumers with better access to price comparisons and quotes. PolicyGenius specializes in life insurance, long-term disability insurance, renters insurance, and pet insurance. Companies like PolicyGenius are beginning to find more success in various markets and the overall insurance industry is beginning to…

State of the Union speech draws attention to wage insurance

January 18, 2016January 17, 2016 Julie Campbell

President Obama brought up the topic of a long history of labor protection and the need for support for the unemployed. During the last State of the Union speech from President Barack Obama, he mentioned the topic of labor protection that has a lengthy history within the country and, within this subject, he brought up the concept of wage insurance. He underscored the importance of work done on the unemployment insurance and job-training programs currently available. Following the statement he made about the need for improvement in unemployment insurance and…