Live Insurance News

Life insurance industry experienced worldwide growth last year

July 3, 2015July 1, 2015 Julie Campbell

A new Swiss Re report has shown that there was a global gain in this sector, despite only slight economic improvement. Swiss Re, the global reinsurance company, has recently released a report that has shown that the global life insurance industry had managed to gain momentum in 2014, even though the economic situation saw only the slightest growth. The total number of direct premiums that were written increased by 4.3 percent. This is particularly notable following the trend in 2013, in which the total number of direct premiums written had…

Health insurance premiums to spike in Oregon

July 3, 2015July 2, 2015 Marc

Oregon Insurance Division reveals final decision on rate proposals for 2016 The Oregon Insurance Division has revealed its final decision concerning rate proposals coming from the state’s health insurance companies. Many of the state’s insurance providers have sought to raise premiums on the coverage that they provide. State regulators have been investigating these proposals to determine whether or not they are necessary. The Insurance Division has announced that, in most cases, insurance rates will go up on individual policies in 2016. Regulators approve the majority of rate increase proposals While…

Boaters may need to be careful this Fourth of July

July 3, 2015July 1, 2015 S.Vagus

Insurer warns consumers to be careful during their celebrations July fourth is approaching and many people throughout the United States are preparing to celebrate the occasion. One of the staples of the Fourth of July is fireworks, and these explosive displays of color can be wondrous fun, but they also become very dangerous when mishandled. The Chubb Group of Insurance Companies is warning those planning to celebrate the Fourth of July to exercise caution, because consuming too much alcohol can lead to a misuse of fireworks and cause a disaster.…

Allstate Insurance releases report revealing insight into teen driving habits

July 2, 2015July 1, 2015 Julie Campbell

As it turns out, the majority of parents have no idea what their adolescent children are doing behind the wheel. A new report has now been released by Allstate Insurance that has determined that many parents do not actually know what the driving habits of their teen sons and daughters truly are. The report, from The Allstate Foundation, revealed that teens have many risky behaviors of which parents are unaware. Within this report, it was shown that parents often don’t know when their teen driving sons and daughters have been…

Health insurance platform raises $5.9 million in funding

July 2, 2015July 1, 2015 Logan B.

SimplyInsured has won strong investment support from venture capital firms SimplyInsured, a health insurance platform that caters to small businesses, has announced that it has received $5.9 million in Series A funding. The funding round was lead by several venture capital firms, such as Bessemer Venture Partners and Altair.VC. The startup provide small businesses with a way to compare rates on health insurance plans offered by various insurers. It also provides them with a way to administer these plans through the SimplyInsured platform. Funding will help expand the company’s marketing…