Live Insurance News

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…

Voluntary Advantage Welcomes Steve Clabaugh, CLU, ChFC as Key Contributor

January 9, 2023January 8, 2023 PR Article

voluntary advantage blog and publication helpful informatoin1

Voluntary Advantage is excited to announce that Steve Clabaugh, CLU, ChFC will be a Key Contributor to their monthly publication for the Voluntary Benefits industry, “The Voluntary Benefits Voice”. Starting as a Field Agent, Steve had the opportunity to serve in a wide range of capabilities in the insurance industry including: Sales Manager, General Manager, Regional Manager, Vice President, Senior Vice President and President/CEO. A long-time serious student of professional leadership, over the final years of his career, Steve created the Relational Leadership program that has been used to train…

Voluntary Advantage is excited to formally announce the following members of their Editorial Board

January 4, 2023January 4, 2023 PR Article

voluntary advantage new board members announcement insurance news

Voluntary Advantage is thrilled to introduce the esteemed members of our Editorial Board and give readers insider knowledge into their expertise in the Voluntary Benefits industry. The team includes well-renowned individuals who are dedicated to providing their unique perspectives on important topics within the Voluntary Benefits market. We look forward to working with them in producing content for The Voluntary Benefits Voice publication. Jennifer Daniel, Vice President of Group Distribution Strategy and Partnerships at Aflac. Jennifer is a proven leader in the insurance industry specializing in benefits technology and strategic…

Mployer Advisor Selected as Key Contributor to Voluntary Advantage’s The Voluntary Benefits Voice Publication

January 4, 2023 PR Article

Voluntary Advantage is excited to announce that Mployer Advisor will be a Key Contributor to their monthly publication for the Voluntary Benefits industry, “The Voluntary Benefits Voice”. Mployer Advisor is the nation’s leading marketplace that is changing the way employers search, evaluate, and select insurance brokers. Mployer Advisor offers the industry’s first independent benefit bench-marking, Mployer Insights, with 150+ different data points for employers to benchmark their benefits plan against companies in their industry, region, and similar employer size. The analytics evaluate benefit design, cost, leave benefits, voluntary benefits, and…