Category: Insurance News Articles

Posting the most up to date insurance news for both consumers and industry professionals. Learn more about what is going on in your world just by checking out our featured headlines section.

Violence insurance sought by Jamaican government on behalf of teachers

G. Turner
violence insurance

The Ministry of Education has announced that it is considering a protection package for educators. The Ministry of Education in Jamaica has revealed that it is looking into the implementation of a violence insurance package that would be designed to assist teachers who have been attacked and injured by their pupils while they are working. The Education Minister first made this announcement during a press conference in Kingston. Ronnie Thwaites, the Minister of Education, spoke on behalf of the Office of the Prime Minister in Jamaica’s capital city, explaining why…

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Native Americans may be affected by US health insurance mandate

S.Vagus
Health insurance problems for Native Americans

Health insurance may prove somewhat problematic for Native population The impact that the Affordable Care Act will have on the U.S. health insurance sector is often a matter of heated debate. Those supporting the federal law suggest that it will make health insurance more inclusive for a broad range of consumers, while opponents suggest that it will raise the price of coverage significantly over the next several years. The law’s potential impact is typically focused on what effect it will have on American consumers, but there is a particular demographic…

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Auto insurance concerns put an end to RelayRides in New York

Logan B.
New York auto insurance

Car-sharing service shut down due to auto insurance regulations RelayRides, a popular car-sharing service, has announced that it will cease operations in New York due to auto insurance concerns. Car-sharing programs are becoming more popular as consumers grow more environmentally conscious and look to save money on transportation costs. These programs are typically used by those commuting to and from work, but New York regulators claim that RelayRides violates the state’s auto insurance laws, which could cause some significant problems for the company itself as well as the insurance companies…

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Insurance fraud lawsuit filed by Allstate against providers

Julie Campbell
Disability Insurance Fraud

The massive insurer has sued five medical professional companies and six physicians in the U.S. Allstate has just filed an insurance fraud lawsuit worth $3.8 million in order to recover the funds from five medical professional corporations and six physicians. This is the third lawsuit of this nature that the insurer has filed within this year alone. Overall, there have been 47 insurance fraud lawsuits filed by Allstate in the state of New York since 2003. In total, the insurer has sought over $235 million in damages throughout those years.…

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Insurance industry growth is anticipated to continue through 2020

H. Cutner
Insurance Industry 2020

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…

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