Insurance news looks good for the industry’s profitability

H. Cutner
Insurance News Profits

India’s insurers have fared quite well over the last quarter, even in the case of life products. The latest insurance news that has been released from India has shown that the industry has done better than expected in terms of its profitability, including the life sector, which had been experiencing a slowdown in its collection of new business premiums. The industry has been struggling under the widespread economic challenges and low penetration in the country. However, the most recent insurance news appears to be showing that the industry in the…

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Tropical Storm Andrea to Make Landfall in Northern Florida

Guest Author
Tropical Storm Andrea as of June 7

According to catastrophe modeling firm AIR Worldwide, as of the National Hurricane Center’s 11:00 a.m. advisory, Tropical Storm Andrea is moving northeastward at a speed of 15 mph with maximum sustained winds of 60 mph and some stronger gusts. Tropical storm winds extend outward 140 miles but primarily to the east of the storm’s center. The storm is expected to accelerate and continue on a northeast path later today, making landfall in Florida’s Big Bend. Andrea is not expected to intensify further before making landfall and if forecasts hold AIR…

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Health insurance research shows Americans remain uncertain as deadline approaches

G. Turner
Health Insurance policies

A new phone survey has indicated that the majority of adults in the U.S. are undecided about their future coverage. According to one of the latest studies conducted by Princeton Survey Research Associates International, the majority of Americans haven’t yet decided whether they will be purchasing health insurance in order to comply with the Affordable Care Act’s individual mandate, or whether they would prefer to pay a penalty. The poll also indicated that in May, there remained a considerable amount of confusion about individual requirements. The team at Princeton Survey…

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Usage based insurance pilot program being tested on motorcycles

Julie Campbell
usage based insurance dashboard

The test will be performed by SGI, which makes it among the first in the world to use telematics on these vehicles. SGI (Saskatchewan Government Insurance) has announced its proposal to begin a program that will apply usage based insurance technology to policies that cover motorcycles, joining the very first in the world to take this step. Only a small handful of other companies across the globe have intentions to test telematics for motorcycles. Usage based insurance technology functions by installing a small device into a vehicle in order to…

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Insurance industry prepared to handle hurricane season

S.Vagus
insurance news - atlantic hurricane season

Insurance industry will be capable of handling threats of the 2013 hurricane season There are many concerns swirling around the U.S. concerning this year’s hurricane season. Many of these concerns relate to the impact that 2012’s Hurricane Sandy had on the East Coast. This single event caused more than $75 billion in damages in the U.S. and elsewhere and is considered the second costliest hurricane the country has ever seen. The National Oceanic and Atmospheric Administration recently announced that it predicts as many as 6 major hurricanes to form in…

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