Author: Note From The Editor

The role of insurance in the economy

Note From The Editor
Insurance Industry Economy

Insurance and economy go hand-in-hand Insurance has managed to attract a lot more attention from consumers in recent years than it had in the past. Many people are now conscious of how insurance affects their lives, but few people are aware of the connection that insurance has with the economy. Indeed, it is more common for people to be aware of how the economy affects the insurance businesses than vice versa. To say that insurance is the underpinning of the modern economy may seem like hyperbole. When put into perspective,…

Read More

Natural disasters and insurance

Note From The Editor
Insurance industry outlook

Disasters have an impact on the insurance industry Natural disasters do not only affect a certain type of person; they also have an impact on the insurance industry. It can be difficult for people to see the impact that catastrophic events have on insurers due to a general disdain for the industry as a whole. The most common response an insurer has to natural disasters, however, in the long run it does raise rates. This is something that typically attracts a great deal of attention from policyholders of all kinds. Many…

Read More

Health insurance cancellations in the US could get worse

Note From The Editor
health insurance cancelled

Cancellations cause significant frustration among consumers Health insurance policies in the U.S. are being subject to cancellations as insurance companies are being forced to execute substandard policies. These policies do not meet the standards established by the federal Affordable Care Act and, as such, do not offer consumers the quality of benefits that the law is meant to ensure. Some 4 million people throughout the U.S. are expected to lose their coverage as a result of insurance cancellations and this issue has become quite controversial. Some lawmakers believe that recent…

Read More

Insurers take the business approach to Obamacare

Note From The Editor
health care reform

Insurers are finding ways to omit Obamacare from their marketing The Affordable Care Act, often called “Obamacare,” has become a hyper-politicized issue within the U.S. While consumers and politicians throughout the country are arguing the merits of the federal law and how to fix its faults, insurance companies are looking at the issue from the perspective of business. Insurers throughout the U.S. are preparing for a public relations barrage, which will target the estimated 7 million new customers that could find coverage through health insurance exchanges. Insurers are expected to…

Read More

Climate change and the insurance industry

Note From The Editor
Climate Change Insurance agents Industry

Insurance industry shows concern over climate change Climate change is often a controversial topic, especially when it comes to whether or not humans are having an impact on climatic events. Usually, the issue is politicized, with certain factions providing some extreme viewpoint on climate change and others suggesting that it is little more than a myth. While the truth of climate change may reside somewhere in between extremes of perception, one thing is certain: The insurance industry is not keen to leave itself exposed to the risks that come with…

Read More