Live Insurance News

Auto insurance in the U.K. became much more costly, last year

February 5, 2016February 3, 2016 H. Cutner

british UK auto insurance money expense cost

According to data from the ABI, premiums for insuring a car increased by an average of 8 percent. In the final quarter of last year, auto insurance premiums in the United Kingdom increased by an estimated 7 percent, when compared to the rates that had been charged to customers during the previous quarter. Throughout all 2015, it is estimated that the increase in car insurance premiums in the U.K. was 8 percent. The increase in auto insurance increases had a great deal to do with a premiums tax that has…

Utilities are showing more interest in cyber insurance protection

February 5, 2016February 3, 2016 S.Vagus

Utilities in the United States may need insurance coverage to protect against digital threats Utilities in the United States are beginning to express concern over digital risks following cyber attacks that were seen in Ukraine in December 2015. As such, these companies are beginning to look into new cyber insurance policies, which may be able to offer them a degree of protection against digital threats. Malicious groups could do significant damage to a country’s energy infrastructure through a cyber attack and utilities are looking for ways to ensure that this…

Commercial insurance for industrial machinery

February 4, 2016 S.Vagus

commercial business owner industry machine terrorism insurance

The purchase and sale of used industrial machinery is growing among businesses throughout the world. This practice is not uncommon, but those purchasing such machinery need to be adequately protected with insurance coverage to mitigate certain risks. Businesses are purchasing used industrial machinery as a way to cut costs and some may be missing out on the commercial insurance coverage they need. There are a wide range of industrial machinery available on the market, and these machines each pose their own risks to those purchasing them. Several companies offer commercial…

Aetna insurance company sees surge in profits but still sees weaker forecast

February 4, 2016February 3, 2016 Julie Campbell

Despite the fact that the insurer has seen a strong close to 2015, its predictions aren’t as strong as Wall Street’s. The Aetna insurance company has closed 2015 with a very strong surge in its last quarter earnings, which rose by 38 percent when compared to its previous quarter. Even though its performance was better than predicted, its 2016 guidance has fallen short of Wall Street’s forecast. The insurance company is the third largest health insurer in the United States. Earlier this week, it announced that it is predicting adjusted…

Health insurance company put under state supervision in Alaska

February 4, 2016February 3, 2016 Nordstrom

Alaskan regulators place Moda Health Plan under supervision due to financial concerns The Alaska Division of Insurance has announced that Moda Health Plan, a health insurance company based in Oregon, will no longer be offering policies in the state. Regulators cite concerns regarding the insurer’s financial situation. Moda will not be accepting new customers or renewals for the time being and regulators will continue to evaluate the issue. In its home state of Oregon, Moda was placed under supervision by the state due to financial issues, which influenced the decision…