Life insurance industry in Australia feels the economic pinch

G. Turner
insurance fraud

Tougher times are beginning to show their mark on this sector as its value drops by over $1 billion. The Australian life insurance industry has been combating the struggles associated with the sluggish economic pace but has still managed to see its value drop by over $1 billion as the impact progresses. Its challenges only grows as it faces difficulties in the claims of larger policy holders. The largest life insurance companies in the Australian industry have reported that within the last year, the profit expectations were missed by a…

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Health insurance exchanges set for turbulent future

Logan B.
Health Insurance premiums rise

Health insurance continues to be a hot topic in the US Health insurance in the U.S. is a hot topic and more attention is being driven to the issue as exchange systems begin to take form in many states. These exchanges are meant to serve as online marketplaces where consumers can find affordable health insurance coverage. There has been a great deal of controversy concerning whether these exchanges will be able to accomplish this task or not, and executives of large health insurance companies are now warning that forming exchanges…

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Insurance news made as animal activists hack insurer and steal financial data

Julie Campbell
Insurance news Badger activists

In another effort to protest the badger culls in the U.K., a group has claimed to have accomplished a cyberattack. The latest insurance news is surrounding an unlikely event which came about when animal rights activists announced their claim that they have been able to hack into the systems of an insurer that is linked to the National Farmers Union (NFU) so that they could steal the financial data of supporters of the badger culls. The activists say that they were able to break into the NFU Mutual systems and…

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Flood insurance claims will reach $4 billion in Germany

H. Cutner
Flood Insurance News

The waters of the Danube have now swelled outward to the point that they are headed for Serbia. The latest predictions have suggested that the damage that has occurred due to the rising floodwaters in Germany are likely to bring about flood insurance claims that will reach €3 billion (approximately $4 billion). This, according to a credit rating agency’s forecasts regarding the claims made from the water damage. Though the Elbe river’s levels appear to be stabilizing in the north of Germany, further to the south, the flood insurance issues…

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Life insurance study shows satisfied claimants

G. Turner
life insurance customer satisfaction

The results of a recent study have revealed that 95 percent of the people who have made claims are satisfied. According to the outcome of a recent LIMRA survey, additional services offered by life insurance companies, such as coverage coordination and grief counseling are generating a larger amount of business, boosting recommendations, and are enhancing the positive perception of claimants. The study showed that among the beneficiaries of the policies, the vast majority are quite satisfied with the experience. The LIMRA research indicated that 95 percent of life insurance beneficiaries…

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