Live Insurance News

Pet insurance is being used by employers to draw millennial talent

January 22, 2016January 20, 2016 Julie Campbell

A number of perks relating to the ownership of cats and dogs are also being used to retain that talent. Businesses that are hoping to appeal to talent in the millennial generation – and to retain them – are starting to offer employees benefits that include pet insurance and other perks that could attract animal owners. Stifel Equity Research data shows that nearly half the workforce will be made of that generation by 2020. Employees within this age group present a whole new range of challenges and needs which must…

Disasters place more attention on the National Flood Insurance Program

January 22, 2016January 20, 2016 Marc

Severe flooding has placed more focus on the federal flood insurance program Devastating floods in Missouri and Texas have highlighted, yet again, the problems that exist with the National Flood Insurance Program. In December, floods throughout the Midwest and Southwest caused several millions of dollars in property damage, as well as claiming more than 40 lives. The damage caused by these disasters has added to the financial strain that the National Flood Insurance Program is facing. The federal program is currently $23 billion in debt, with lawmakers failing to resolve…

Oklahoma’s homeowners insurance sector becomes shrouded in controversy

January 22, 2016January 20, 2016 S.Vagus

Homeowners claim that insurers are refusing to cover damage caused by earthquakes Controversy has erupted in Oklahoma’s homeowners insurance sector, and earthquakes are part of the problem. Many homeowners have begun issuing complaints that their insurance providers are refusing to cover damage caused by earthquakes. Oklahoma has been rocked by quakes in recent months, with these disasters becoming somewhat more frequent over the past year. Notably, these quakes may be being caused by injection wells, which are used to extract natural gas from the earth. Even homeowners with earthquake insurance…

Layoff insurance is thriving in the current economic situation in Alberta

January 21, 2016January 20, 2016 Julie Campbell

layoff employment Insurance Industry - Alberta, Canada

Residents of the Canadian province are paying about $50 per month, per person, just in case. A new form of standalone layoff insurance is increasing in popularity in Alberta, Canada, and this is being seen as a fresh indicator that an economic downturn has made its way into the province. Thousands of layoffs have already occurred in the province, particularly within the energy industry. In response, an insurer is hoping to be able to profit and help people at the same time, providing them with both peace of mind and…

Bernie Sanders unveils new health insurance plan for the US

January 21, 2016January 20, 2016 Logan B.

bernie sanders health insurance medicare expansion

Sanders has revealed his new Medicare for All plan to reform the health insurance sector The 2016 presidential campaign is heating up and health care may be a major issue that will sway voters this year. Senator Bernie Sanders, whom is among the forerunners of those vying for the presidency, has introduced a new plan that seeks to reform the health insurance system in the United States. Sanders calls the plan “Medicare for All,” which is, in the most basic sense, a universal health care plan that aims to ensure…