Live Insurance News

Is China’s industry ready for the insurance agents influx?

November 30, 2015November 28, 2015 G. Turner

Some wonder if such a large amount of hiring is heightening the risk of mis-selling problems. As the number of insurers takes off in China – particularly as the country has opened its doors to providers from other countries – has been taking off and this has caused the need for insurance agents to skyrocket. The glut of hiring that has been occurring in the country is fantastic for people who want to work in the insurance industry. That said, there are some experts in the industry who are forecasting…

Health insurance companies in Arkansas owe $7.1 million in rebates

November 30, 2015November 28, 2015 S.Vagus

Insurers are finding it difficult to comply with a provision of the Affordable Care Act Arkansas businesses and consumers are owed a great deal of money from the state’s health insurance companies. According to the Centers for Medicare and Medicaid Services, these companies collected too much in premiums last year and are now required by federal law to reimburse consumers and businesses. Per the Affordable Care Act, insurers are required to spend no less than 80% of the money they collect from premiums on medical care, something that some insurers…

Munich Re sells Ergo insurance company to Cinven

November 28, 2015November 26, 2015 Julie Campbell

The price of this massive sale has remained undisclosed, but it has moved Cinven up a notch in Italy’s industry. Munich Re has now agreed to sell its Italian insurance company, Ergo to a British private equity investor, Cinven, which has been working to boost the size of its position as an insurer within Italy’s industry. The agreement means that Cinven will be acquiring both the life and property-casualty businesses. Early this week, Ergo stated that the insurance companies it would be selling would be Ergo Assicurazioni and Ergo Previdenza.…

Insurance industry placed in the spotlight in Hillary Clinton ad

November 27, 2015November 25, 2015 Julie Campbell

Hillary Clinton health insurance industry

The Democratic presidential candidate made several points that villainized health insurers. Hillary Clinton has used one of her latest ads as a Democratic presidential candidate to focus on taking control over the rising expenses people are facing when buying prescription drugs and has put some blame on the health insurance industry. The design of the ad clearly pointed to the insurance companies as participants in keeping the those expenses high. The ad was first released over the weekend and appeared before Iowa and New Hampshire viewers. Within it, Clinton discussed…

Aetna and Anthem show faith in health insurance exchanges

November 27, 2015November 25, 2015 Nordstrom

Insurers see promise in exchange marketplaces throughout the United States Amidst concerns that health insurance exchanges in the United States may be bad marketplaces for insurers, Aetna and Anthem have begun working to reassure investors that this is not the case. Recently, many insurers have been reporting losses due to their participation in insurance exchanges. These losses have lead UnitedHealth, the country’s largest health insurance provider, to exit from all exchanges throughout the country. This has caused a great deal of worry for those receiving coverage through exchanges as well…