Does Health Care Reform Need Reform?

survey

Los Angeles, CA: LiveInsuranceNews.com has run its first poll concerning health care reform in the U.S. This has been a hot topic for some time and has served to divide much of the country. Before the Affordable Care Act was signed into law, many people questioned whether or not it would be able to solve the problems of the country’s health care sector. Others were convinced that the law would solve these problems and help make insurance coverage more affordable, if not completely free. Since the law was enacted, the…

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Flood Insurance is a Problem in the U.S.

flood insurance residential homeowners

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…

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Technology Is Changing the Insurance Industry

insurance industry technology

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.…

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Shedding Light on Insurance Fraud

auto insurance fraud accident

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.…

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Insurance and Credit

Insurance and credit

Credit is sometimes a controversial subject that few people really understand. For those familiar with the financial service industry, credit is a simple matter, but not everyone is familiar. For most, credit means nothing more than credit score, a seemingly arbitrary rating of a person’s financial value. Credit is somewhat more complex than that, however, especially when it comes to the insurance industry and a company’s willingness to take on financial risks. A credit score is a gauge of a person’s overall financial risk. A low credit score means that…

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