Live Insurance News

2023 Global Insurance Symposium Announces Event Headliners

March 3, 2023 PR Article

Des Moines, Iowa, March 3, 2023: International leaders in insurance, technology and government will convene at the 2023 Global Insurance Symposium, to be held in Des Moines, Iowa, on April 18-20. The Symposium’s speakers and panelists will offer industry-shaping insights on new ideas and challenges facing insurance, insurtech and startup companies as well as regulators during this preeminent event. “We are excited to welcome some of the most prominent names and thought leaders within the global insurance industry as headliners at this year’s event,” said Greater Des Moines Partnership President…

Companies are using careful recruitment strategies to fill insurance jobs

March 3, 2023March 3, 2023 G. Turner

Insurance jobs - People holding up letters

Insurers are finding it difficult to hire new talent, with nearly half saying they’re struggling more than ever. Insurance jobs have become increasingly hard to fill in recent years and while a number of industries are finding that the hiring challenges are starting to ease, that is not the case among insurers. In fact, some insurers are claiming that this has become their most challenging recruitment period ever. According to a recent Forbes report, nearly half of insurers have cited greater challenges in filling insurance jobs now than they ever…

Video Conferencing Tool iMind: Is It a Good Option for Business?

February 24, 2023March 1, 2023 Guest Author

iMind is a leading platform for video conferencing and collaboration. With the growing need to connect with colleagues, clients and partners remotely at any time, iMind provides an ideal solution. This platform can be used by businesses, freelancers and telecommuters to communicate efficiently with people in different locations. Pros and Cons Like any other tool, iMind has its own strengths and weaknesses. Here are some of the pros and cons you should consider before using it for videoconferencing. Pros: The platform is easy and intuitive to use. Whether you’re an…

Veridion raises $6 million to finance their proprietary APIs’ to benefit insurance industry

February 24, 2023February 24, 2023 Angela Linders

Veridion aims to “deepen” AI comprehension within the business landscape. The new-age data vendor is making the most of the AI (artificial intelligence) revolution and has announced the $6 million round financing and launch of their proprietary, self-service “Match & Enrich APIs”. Specializing in Firmographic Data, Veridion has specifically trained their APIs (Application Programming Interfaces) to understand the global business landscape, providing their clients – a number of which are high-profile insurtechs and insurance carrier – with the ability to access reliable data on 80 million businesses around the world.…

$13.5 Billion in Long-Term Care Insurance Claims Paid In 2022

February 17, 2023 G. Turner

long term insurance claims report just in

Insurers paid out $13.25 Billion in long term care insurance claims during 2022 according to a new report released this week by the American Association for Long-Term Care Insurance (AALTCI). “Consumers need to understand that long-term care insurance companies have paid benefits to millions of Americans over the past decades,” says Jesse Slome, AALTCI’s director. “In fact, each year, insurers pay more in claim benefits to more beneficiaries than the prior year.” According to Slome, some $12.3 Billion in claim benefits was paid out in 2021. “The over $1 Billion increase…

Agents promise auto insurance is available to Kia and Hyundai owners

February 3, 2023February 3, 2023 G. Turner

Even as some insurers refuse to cover the vehicles in various parts of the country, policies still exist. As was reported last week on Live Insurance News, State Farm and Progressive have announced that they are no longer selling auto insurance to certain models of Kia and Hyundai cars in various cities in the United States because the vehicles are too easy to steal. That said, agents in those regions are promising owners of those models that policies are still available. Kia and Hyundai owners afraid of losing their coverage…

Will Secure Act Increase Long-Term Care Insurance Sales?

January 16, 2023January 15, 2023 Jesse Slome

Contained within the just-signed SECURE Act 2.0 is a provision that potentially benefits those considering the purchase of long-term care insurance. While any legislation that includes some incentive to purchase LTC insurance should be seen in a positive light, it is my belief that in the absence of change this legislation will likely be of little value. I hate to throw a wet blanket over any legislation that seems to give long-time LTCi advocates a glimmer of hope today. And, after decades of advocating for the importance of an often-maligned…