Technology is becoming more important to the insurance industry

insurance industry technology idea innovation

Technology may direct the future of the insurance industry as a whole in the coming years Technology is beginning to play a very important role in the insurance industry. 2015 was the first year in which technology issues took up a significant degree of discourse within the industry. During the recent Property/Casualty Insurance Joint Industry Forum in New York, several insurance experts noted that change is coming quickly to the industry. Insurers will have to prepare to tackle challenges concerning technology in order to continue operating effectively. Volume of data…

Read More

North Dakota crop insurance changes promote diversification

Crop Insurance

Officials are hoping that education will help to boost farmer willingness to diversify the plants they grow. In North Dakota, officials are hoping that changes to the crop insurance program will help to educate farmers in order to encourage them to diversify the plants they choose to grow. Whole farm insurance coverage first became available in North Dakota during the last growing season. While there weren’t any whole farm crop insurance policies sold, the officials from the Department of Agriculture believe that when they learn about what the coverage has…

Read More

Nearly 16,000 people in North Dakota find coverage through health insurance exchange

North Dakota Health Insurance

More people are enrolling in the state’s insurance exchange as the open enrollment period draws to a close More residents of North Dakota are enrolling in the state’s health insurance exchange as the end of the open enrollment period approaches. As of the end of January, some 15,997 people have signed up for coverage through the exchange, according to information from the Department of Health and Human Services. For comparison, 10,597 people enrolled in the exchange last year. The growing popularity of the exchange may be due to the rising…

Read More

Crop insurance claims are starting to be submitted for damaged wheat

us crop insurance program

Farmers in many areas have found their fields struck by frost, causing considerable issues for harvest. The crop insurance claims have now started to be filed in higher numbers as a result of the wheat that has been damaged by the frosts that have struck several parts of the country, and many agents feel that the numbers will continue to climb. Some agents think that this year will see a higher number of claims of this nature than other years. North Dakota was especially affected by the recent frosts. While…

Read More

North Dakota agency calls for health insurance information from providers

North Dakota Health Insurance

Agency seeks out health insurance information In the U.S., federal law has introduced major changes to the way health insurance works throughout the country. The impact of the law will take time to fully understand, but states are beginning to gather information concerning the effects of the Affordable Care Act. The North Dakota Insurance Department has petitioned all health insurance companies in the state to provide the agency with information regarding the impact of new federal regulations and other reforms that have come to the health insurance sector. Data on…

Read More

Health insurance exchange may bring competition to North Dakota

North Dakota Health Insurance

North Dakota may see more competition in market due to health insurance exchange Many states throughout the U.S. are still struggling over the concept of health insurance exchanges. The exchanges are part of the Affordable Care Act, which many states oppose on general principle. As it becomes less likely that states will be able to avoid the federal health care law, however, some are beginning to highlight the potential benefits that could be had through hosting a health insurance exchange. In North Dakota, lawmakers expect that a comprehensive exchange program…

Read More

North Dakota consumers win with flood insurance legislation

Missouri Flood Insurance

New legislation makes changes to North Dakota flood insurance policies Legislation has been passed in North Dakota that changes the effective date of flood insurance policies throughout the state. Last year, many homeowners purchased or upgraded flood insurance policies in the wake of flooding in the Missouri River. Those purchasing policies after the disaster struck had feared that their newly bought coverage would not cover the damage that had been done to their homes and properties. Thanks to new legislation, their policies may now actually provide them with the coverage…

Read More