Live Insurance News

Flood Insurance is a Problem in the U.S.

September 13, 2014September 12, 2014 Note From The Editor

Flood insurance remains a problematic issue that relatively few people are paying attention to in the United States. For homeowners, this type of insurance coverage comes from the federal government, issued through the National Flood Insurance Program (NFIP). This program is managed by the Federal Emergency Management Agency. NFIP is typically the only place to find flood protection, but the program is suffering from crippling debt and management issues that make it less than ideal for those wanting to be protected from natural disasters. An estimated 20% of homeowners throughout…

Technology Is Changing the Insurance Industry

August 30, 2014August 29, 2014 Note From The Editor

Technology is beginning to play a major role in the lives of people everywhere. People are beginning to use mobile devices and traditional computers more frequently, and this is having an effect on their daily lives. Businesses are also beginning to become more reliant on various forms of technology, including those in the insurance industry. The advent of technology is having a major impact on the industry and how it operates in three ways. Accessible Information Technology is making information much more accessible than it has been in the past.…

Shedding Light on Insurance Fraud

August 23, 2014August 22, 2014 Note From The Editor

Fraud is not something that many people understand The insurance industry has to deal with a wide range of financial risks that often result in losses. One of the most things that insurers have to fight on a constant basis, but something that receives relatively little attention from consumers, is fraud. Insurance fraud is a longstanding problem that has no simple solution. Many people do not realize that fraud is not something that insurance companies suffer from alone. Fraud has a major impact on the finances of policyholders as well.…

Understanding Natural Disasters and the Insurance Industry

August 9, 2014August 11, 2014 Note From The Editor

Natural disasters are an inherent part of the insurance industry. They are a problem that the industry has been fighting for as long as it has existed, and the battle is fraught with conflicts that insurers often lose. There is no such thing as absolute protection from natural disasters. Floods will cause damage despite the best efforts made to keep waters at bay, earthquakes will shake buildings to rubble, and tornadoes will blow houses apart. The best that the insurance industry can do is offer aid for the recover from…

Climate Change and the Insurance Industry

August 2, 2014August 1, 2014 Note From The Editor

Climate change is a controversial issue, but mostly because of political and philosophical beliefs. The insurance industry has been well aware of the potential impact a changing climate can have on the global environment and has been encouraging efforts to mitigate this impact. Climate change has the potential to bankrupt the insurance industry, as the phenomenon would be responsible for the increasing frequency in major natural disasters that disrupt the global economy and put a strain on the world’s resources. The insurance industry has been working to steel itself against…