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Aon Benfield expects an upswing in the U.S. homeowners insurance market

November 10, 2015November 8, 2015 H. Cutner

homeowners insurance

This indicates that home insurers could be aligned to start seeing improvements in their returns. According to Aon Benfield, the current trend of improvement overall in homeowners insurance returns for this year was, in part, driven by a boost in prospective levels in the rates for premiums, and that the improvements are likely to continue. The insurer also said that the estimated catastrophe ratio has experienced a notable decline. The reason that ratio has declined is that there have been updates implemented for the vendor catastrophe models that were utilized…

Auto insurance fines create controversy in Louisiana

November 10, 2015November 8, 2015 Logan B.

auto insurance fines keys car

Office of Motor Vehicles sends more than 1 million letters to drivers for lapsed insurance coverage The Louisiana Office of Motor Vehicles has sent out more than 1 million letters to drivers, seeking to collect some $400 million in fines associated with lapsed auto insurance coverage. These letters were sent to approximately 550,000 Louisiana drivers, many of whom have more than one vehicle, or were unable to insure their vehicles for a period of time. Some drivers are facing fines as high as $656 for driving without auto insurance coverage.…

Birth control insurance ruling will be laid down by the Supreme Court

November 9, 2015November 8, 2015 Julie Campbell

Health Companies and Contraceptives birth control insurance

This will settle a broad scale dispute occurring between the Obama administration and religious non-profits. On Friday, the Supreme Court agreed that it would settle the ongoing birth control insurance dispute occurring between the Obama administration and certain religious non-profits. This will surely place religious freedom and reproductive rights in the presidential campaign spotlight. The justices gave the nod to hearing a challenge against the Affordable Care Act which will be made by seven non-profit organizations. Each of those different groups claim to have religious objections to the requirements of…

Zurich Insurance company shows substantial profit reduction

November 9, 2015November 8, 2015 G. Turner

Zurich Insurance Company News Building in Leeds

The general coverage business from the firm has recorded an operating loss making insurance news headlines. Zurich Insurance Group has recently reported that the insurance company has experienced a 79 percent drop in its net profit for the third quarter of 2015, requiring the firm to have to change gears with regards to a number of strategies it had planned to implement. Among the scrapped plans in this insurance news included a sizeable acquisition mean to boost financial performance. The insurance company, based in Zurich, stated that its net profit…

Nearly 60,000 Arizona residents will have to find new health insurance policies

November 9, 2015November 8, 2015 S.Vagus

Arizona Health Insurance

Arizona’s health insurance co-op will be shutting down this year Consumers in Arizona will have to find new health insurance policies following a decision made by state regulators to prohibit the sale of new policies through the Arizona health insurance co-op. Regulators have expressed fears that the co-op would fail. The co-op, called Meritus Health Partners, will be shutting down as a result of this decision, which means that some 59,000 people will lose their health insurance policies that were provided through the co-op. Consumers that received policies from Meritus…