Live Insurance News

Insurance industry growth is anticipated to continue through 2020

May 20, 2013May 25, 2013 H. Cutner

Munich Re predicts that the strength of the sector will continue on over the next 7 years. According to the Insurance Market Outlook 2013, which was just released by Munich Re, the global insurance industry will continue with strong growth over several years to come, especially in emerging nations. The report showed that there will be slower growth in reinsurance than in the primary coverage sector. The chief economist at Munich Re, Michael Menhart, said about the insurance industry’s future, that “The global economic recovery is also benefiting the insurance…

Health insurance costs predicted by two states to be low in 2014

May 20, 2013May 25, 2013 G. Turner

Washington and Oregon have both found that rates will be considerably lower than initially predicted. The Affordable Care Act has just received a boost, as two northwestern states revealed that health insurance companies have submitted applications for selling on the state exchanges at rates that are considerably lower than what some execs had forecasted for these marketplaces. These marketplaces are expected to bring coverage to many of the 49 million uninsured Americans. In doing so, the design was meant to help to curb the extreme spending that has been caused…

How to Insure Your Growing Family with Life Insurance

May 19, 2013July 31, 2013 Guest Author

You might not think of life insurance as a gift, but it is. In fact, it’s one of the best gifts you can give your new child. Why? If you suddenly die, your life insurance policy becomes wellspring of cash for your kid when he needs it most. However, there’s just one thing standing in your way: money. Life insurance isn’t free. Here’s how to afford it without breaking the bank. Blended Whole Life Blended whole life insurance is one way to provide permanent life insurance protection without spending a…

Small businesses could face financial hardship because of the Affordable Care Act

May 19, 2013April 21, 2014 Guest Author

January 1, 2014 is when the majority of the regulations that make up the Obama administration’s landmark health care reform bill known as the Affordable Care Act go into effect. President Obama enacted the ACA as a way to insure that all Americans would receive health care coverage that’s both affordable and comprehensive. In addition to putting health insurance within the grasp of many Americans, the new regulations bar insurance companies from denying coverage to anyone seeking it, or charging more because of age, gender, or medical history. Without a…

Usage based insurance technology embraced by drivers who want to save

May 18, 2013May 25, 2013 H. Cutner

According to the results of a recent survey, drivers will report their data in order to achieve greater savings. The results of a survey from Cisco Systems, the networking giant, have now been released in a report from the company that have shown that usage based insurance has great potential as consumers are willing to embrace technology in their vehicles in order to enjoy lower premiums. Consumers have shown that they would be willing to allow insurers to track their driving data in exchange for savings. The results of the…