Live Insurance News

Florida auto insurance costs more than coverage in most other states

March 30, 2016March 29, 2016 G. Turner

Research has shown that car coverage in the state costs up to 25 percent more than the U.S. average. According to newly released data from Insure.com, drivers in Florida are still facing very expensive auto insurance, to the point that they are paying up to 25 percent more than the average across the rest of the country. The report on the data analysis determined that Florida is the eighth most expensive state in the U.S. The average amount paid for auto insurance premiums in Florida was $1,654. When compared to…

Cyber insurance is catching the attention of the federal government

March 30, 2016March 29, 2016 Marc

Subcommittee aims to address issues facing the cyber protection space Cyber security is beginning to gain the attention of the U.S. federal government. The House Homeland Security’s cyber security subcommittee has held a hearing concerning the challenges facing the cyber insurance space. A recent report predicted that this market would reach $7.5 billion in annual premiums by 2020, making it one of the fastest growing insurance segments in the world. The need for cyber protection, on the insurance level, is becoming more apparent, especially as digital attacks become more common.…

Alberta, Canada, sees 91 percent spike in employment insurance recipients

March 29, 2016March 27, 2016 Julie Campbell

layoff employment Insurance Industry - Alberta, Canada

The province that had previously had a boom in job availability is now facing astounding unemployment rates. New research from Statistics Canada has shown that the province of Alberta has reached a tremendous increase in employment insurance recipients when compared to the rate in January 2015. The Statistics Canada data has shown that the figure in January 2016 is a massive 91 percent higher. In fact, across the country, the number of people receiving employment insurance has increased by 7 percent, but the majority of that figure is actually the…

Australian companies accused of selling “junk” health insurance policies

March 29, 2016March 27, 2016 Logan B.

Consumer advocacy group Choice calls out private insurance providers in Australia Three of Australia’s largest private health insurance companies have been named by Choice, a consumer advocacy group, for offering what it calls “junk” policies. According to Choice, these policies are expensive, but provide relatively little benefits when compared to what can be obtained through Australia’s Medicare system. Policies obtained through this system are less expensive and may be a better option for consumers that need insurance coverage. Junk policies provide less than 1% coverage for several medical services Among…

An air pressure check can help you to be ready for springtime weather changes

March 28, 2016March 27, 2016 G. Turner

Car tires on winter road air pressure check

When spring comes along, it’s easy to think that the worst driving is over, but this season is unpredictable. Sometimes, it’s the little things that make a big difference, just as an air pressure check to your tires can have a very big impact on your ability to control your vehicle even throughout the rapid changes in temperature and road conditions in the springtime. We may think of mild weather, light showers and singing birds, but weather fluctuates a lot in springtime. As winter begins to warm up, the snow,…