Live Insurance News

Aetna leaves prominent health insurance trade group

January 13, 2016January 12, 2016 S.Vagus

online health insurance technology exchange

Aetna will no longer be part of America’s Health Insurance Plan Aetna, one of the largest insurers in the United States, has left the health insurance industry’s largest trade group. This has raised concerns among critics of the Affordable Care Act, who claim that as more insurers leave the trade group, the federal law may be in jeopardy. Aetna is the second large insurer to leave the America’s Health Insurance Plans group, which was a major supporter of the Affordable Care Act as it was being drafted. Trade group is…

Motorists Insurance and Enservio Sign Multi-Year Software Agreement

January 12, 2016 PR Article

A multi-year contract for Enservio’s contents management SaaS application for all contents claims needs NEEDHAM, Mass. – January 12, 2016 – Enservio, Inc., a leading provider of contents claim management software, payments solutions, and inventory and valuation services for property insurers, today announced a multi-year agreement to provide The Motorists Insurance Group with ContentsExpress™, the leading self-service contents management solution, as well as onsite inventory and valuation services. Available as a web-based, SaaS subscription, ContentsExpress is the industry’s leading contents management solution trusted by hundreds of property insurance carriers nationwide.…

Insurance companies may pay out over $2 billion from U.S. weather damages

January 12, 2016January 10, 2016 Julie Campbell

The United States has been facing some extreme weather and the last 10 days of December led to significant losses. The extreme weather seen throughout many parts of the United States last month, particularly during the last ten days, has led to some significant losses for insurance companies, with estimates suggesting that payouts could top $2 billion. This estimate was made by Aon Benfield, the reinsurance broker, which recently announced its predictions. The flooding, tornadoes, hail, snow and winds throughout the last ten days of December led to the deaths…

Health insurance enrollments remain low among young adults

January 12, 2016January 10, 2016 H. Cutner

The Affordable Care Act needs younger and healthier consumers to sign up to offset costs from older policyholders. As much as the Affordable Care Act has seen a considerable growth in the number of uninsured people who have been signing up for health insurance through the exchange websites, there is one considerable area of struggle that it has been facing in terms of sign-ups: young adults. This problem isn’t a minor one, as the ACA had been relying on healthy people to offset the expenses of the sick. As young…

New auto insurance product may help ride-share companies in Canada

January 12, 2016January 10, 2016 Logan B.

Aviva Canada aims to launch a new auto insurance product in Canada in February New auto insurance coverage for those in Canada that use their own vehicles to transport paying passengers may soon be available in February. The new coverage comes from Aviva Canada, which is looking to close gaps in the auto insurance sector, especially where ride-sharing services are concerned. This coverage may be a boon for Uber, which has come under fire recently due to concerns regarding the insurance coverage that it provides its drivers. Uber has been…