Live Insurance News

Cyber insurance is lacking in the UK

March 26, 2015March 24, 2015 Logan B.

Large UK firms may not see value in cyber insurance protection Cyber insurance may be lacking among large businesses in the United Kingdom. The British government has released a report that suggests only 2% of large British firms have insurance coverage that will protect against cyber attacks. The report was jointly released with Marsh, a prominent insurance company, and recommends that businesses begin taking the risks that exist in the digital world more seriously. Following several high-profile cyber attacks, businesses and consumers could be at risk of exploitation if they…

Cyber insurance covers only 2 percent of large U.K. businesses

March 25, 2015March 23, 2015 Julie Campbell

A recent report issued by the British government showed that big firms rarely purchase this coverage. The British government released a report, this week, that revealed that among large companies, only 2 percent have separate cyber insurance coverage against digital security and data breaches. That number drops nearly to zero percent when it comes to the same coverage for smaller businesses. The report was a response to the concerns that have been voiced with regards to the lack of cyber insurance protection for the majority of companies, in an environment…

Law in New Jersey aims to curb auto insurance fraud

March 25, 2015March 23, 2015 Nordstrom

New law will place harsher fines on those that commit auto insurance fraud in the state New legislation in New Jersey aims to make auto insurance fraud a more serious crime. State lawmakers have approved legislation that would leverage harsh penalties against those that commit insurance fraud, particularly for those that avoid paying premiums for their coverage. The Coalition Against Insurance Fraud notes that premium dodging is a significant problem in New Jersey, particularly in areas where auto insurance tends to be more expensive. New Jersey is home to the…

Health insurance for children is at risk in the US

March 25, 2015March 23, 2015 S.Vagus

Children’s Health Insurance Program kids

Children could be losing their insurance coverage in the coming year Health insurance for children in the United States may be at risk. Congress has chosen not to reauthorize the Children’s Health Insurance Program (CHIP) and a the King v. Burwell case concerning health insurance subsidies is currently being heard by the Supreme Court. These issues could lead to a significant number of children, as well as their families, losing coverage in the relatively near future. The loss of insurance coverage could place some children at risk, especially if they…

Insurance marketing study shows some demographics engaged by mobile ads

March 24, 2015March 21, 2015 Julie Campbell

tablet mobile gaming insurance marketing

People who fall into the Generation Y and the Spanish speaking categories responded to smartphone based advertising. According to the results of a study that were recently released by the Marchex Institute, there are certain significant pockets of consumers who are highly engaged by insurance marketing when it is presented to them by way of mobile advertising. This study was based on an analysis the data collected from having placed over two million phone calls. The research was analyzed by the Marchex Call Analytics platform, examining the bank, lender, life…