Live Insurance News

Bicycle insurance grows more popular with popularity of cycling

June 30, 2015June 27, 2015 H. Cutner

Throughout the United Kingdom, a rising number of people are biking to their destinations. In the U.K., cycling has become notably more popular for people who want to travel a short distance without using their cars, and this has led to a growth in the number of customers who are purchasing bicycle insurance policies. According to the customer data that has been released by Aviva, those numbers have risen considerably. In fact, according to the bicycle insurance figures that were produced by Aviva, there has been a growth of 75…

Life insurance requirements are greatly underestimated by consumers

June 12, 2015June 11, 2015 Julie Campbell

According to recent research, the average policyholder should have $46,000 more coverage than they have. The majority of people who should be covered by a life insurance policy don’t even have one, but among those who do, the results of a recent study have suggested that they have typically underestimated the amount that they actually need. This means that if the worst should actually occur, the insurance payout may not be enough to cover beneficiary needs. SunLife recently conducted a study that has shown that the average payout from a…

Are teacher insurance benefits expenses making the job cost prohibitive?

June 2, 2015May 30, 2015 H. Cutner

The latest increases for educators in Alabama have people wondering if the position will lose its appeal. Budget struggles in Alabama will likely be sending the out of pocket expenses for teacher insurance benefits upward, yet again, and while it may not have been as dramatic as some had predicted, it is still an added cost and there are worries with regards to the impact that this could have on the profession of the educator. The issue is that teachers will be paying higher insurance rates for their coverage which…

American pet insurance industry experiences sales growth

April 21, 2015April 18, 2015 Julie Campbell

A new update to the report from IBISWorld has shown that more animal owners are buying policies. IBISWorld has updated the data in its report on the pet insurance industry and has pointed out that as a result of a combination of the increase in the costs associated with veterinary services, and the rising awareness among consumers with regards to coverage options, sales of these policies have been measurably growing. Insurers offering these types of policies have been experiencing rising consumer awareness and acceptance. The report showed that over the…

Life insurance could become more affordable with a fitness tracker

April 14, 2015April 11, 2015 Julie Campbell

fitbit fitness tracker health care life insurance technology

For the first time in the U.S., an insurer is using the same idea as pay as you drive coverage, but for a person’s health. A life insurance company in the United States is now offering a service that represents a first for the country, in which wearing a tracker that will reveal an individual’s health, location, and body information to reveal healthy lifestyle habits and reduced risk opportunities that could bring about a discount for premiums. While some are seeing this as an interesting opportunities, others are calling this…