Homeowners insurance premiums continue to rise in Massachusetts

Logan B.
Massachusetts homeowners Insurance

State’s homeowners are expressing anger about higher premiums Homeowners in Massachusetts are growing more frustrated with high insurance premiums. The Massachusetts Division of Insurance has taken a step to help consumers better understand why rates are rising so quickly by making the rate review process open to the public. The decision may provide more transparency when it comes to increasing homeowners insurance rates. It is unlikely, however, that this will reduce the frustration that consumers are feeling when it comes to insurance premiums. Division of Insurance will provide more transparency…

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Gas prices may affect the cost of auto insurance

Nordstrom
gas prices pump fuel auto insurance

Auto insurance premiums spike as gas prices fall Falling gas prices may be having an impact on the cost of auto insurance coverage in the United States. Earlier this year, analysts suggested that as much as $75 billion will be cut from the cost of gas by the end of this year. Drivers would be saving a total of $1 billion in fueling costs over the Labor Day weekend alone, largely due to the fact that fuel is getting less expensive. The average price of as is currently $1 per…

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PwC report shows cyber insurance becoming $7.5 billion market in 5 years

Julie Campbell
Cyber Insurance

These predictions for the Indian market were revealed this week at the Monte Carlo Reinsurance Rendezvous. According to the figures that were released at the Monte Carlo Reinsurance Rendezvous, the market for cyber insurance could blossom to a hefty $7.5 billion in India as early as the end of 2020, if things continue as they have been. This forecast, along with several other insurance predictions, was released by PricewaterhouseCoopers (PwC). PwC also stated that by the end of 2018, the cyber liability insurance market will have risen to $5 billion…

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Another health insurance company in the US has been hacked

Marc
hacking alert cyber attack health insurance company

Excellus announces that it has been hit by a major data breach Excellus BlueCross BlueShield, a prominent health insurance company operating in the United States, has announced that it has fallen victim to a data breach. The cyber attack affected Excellus as well as several of its affiliates, which may have lead to the information of some 10.5 million people being compromised. According to Excellus CEO Christopher Booth, the company was targeted by a “very sophisticated” cyber attack, making Excellus one of the most recent insurers to fall victim to…

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More people are gaining access to health insurance in Rhode Island

S.Vagus
health insurance rhode island

Survey shows that state’s uninsured population is falling The number of people in Rhode Island that do not have health insurance coverage continues to fall. According to a new survey from Gallup, which was commissioned by the state, the number of people using the state’s insurance exchange to find coverage has increased significantly. These people have found that it is easier to find affordable coverage through exchange marketplaces. The exchange has also become popular because it offers access to federal subsidies that can make coverage less expensive. Uninsured population is…

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