Live Insurance News

Health insurance provider breaks regulations in North Carolina

March 11, 2015March 9, 2015 Nordstrom

Aetna could face fines and other penalties from state regulators for numerous infractions Health insurance provider Aetna has run afoul of North Carolina’s insurance regulators. According to the North Carolina Department of Insurance, the company has sold policies to several hundred consumers without the state’s approval. The agency approved these policies in order to ensure that people do not lose their health insurance coverage, but Aetna may be subject to fines and other penalties for selling insurance products without the states authorization. Company reports its own infractions, which may have…

Google launches auto insurance comparison service

March 11, 2015March 9, 2015 S.Vagus

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New service aims to help users compare auto insurance quotes Google has launched a new service that may help it break into the auto insurance sector. The service is called Google Compare for Auto Insurance and will allow users to compare insurance quotes offered by 14 different coverage providers. Google’s new service is restricted to California currently, but the company may expand the service if it proves successful and popular enough among consumers. If successful, the Google Compare for Auto Insurance service could be a disruptor for the auto insurance…

Auto insurance collision data shows daylight saving time boosts accidents

March 10, 2015March 9, 2015 Julie Campbell

An MP report has shown that when the clocks spring forward, drivers are left dozy behind the wheel. Daylight saving time, also known as summer time, has now caused the clocks to “spring forward” in many countries around the world, including much of the U.S. and Canada, and this has caused health and auto insurance news headlines to flare up with controversy, statistics, and discoveries about the impact that the practice has on our society. This trend will occur once again at the end of the month, as many other…

Former USC player files lawsuit against Lloyd’s over insurance policy

March 10, 2015March 7, 2015 H. Cutner

Marqise Lee had been a first round 2014 NFL draft prospect ahead of the college football season in 2013. Marqise Lee, a former wide receiver from the University of Southern California (USC) is suing over an insurance policy after having been injured in the 2013 college football season, during which he had been considered to be a first round prospect for the 2014 National Football League (NFL) draft. During that season, the player was held back by a knee injury and dropped to the 2014 draft’s second round. Finally, the…

Insurance industry has trouble engaging millennials

March 10, 2015March 7, 2015 Logan B.

Health Insurance industry young millennial

Insurers find it difficult to connect with a new generation of consumers The insurance industry has been providing coverage across a wide variety of sectors for countless years, but never before in history have insurers had to deal with a generation of consumers that are obsessed with technology and their invincibility. Gallup conducted a survey recently highlighting the difficulty insurers are having with connecting with millennial consumers, those born in 1980 through 1996. These consumers have proven difficult to engage, which has left the insurance industry somewhat disconnected from this…