Open federal insurance regulations meeting to be held on June 3

G. Turner
meeting federal insurance regulations

The U.S. Federal Reserve hopes that Friday will use this opportunity for proposals for capital and other rules for insurers. The U.S. Federal Reserve has announced that June 3, 2016 will be the date for its open meeting in which proposals will be discussed with regards to federal insurance regulations for rules including capital and other factors affecting insurers. This Friday’s meeting will be centered around changes in regulations that have been building for over five years. The announcement from the American central bank was made following the preview of…

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AIG crowdfunding insurance will be among the company’s next offerings

Julie Campbell
AIG Insurance company CEO - Building in Manhattan

In order to assuage the concerns of investors, this coverage will help to protect them from being ripped off by startups. The American International Group has now unveiled a new form of coverage and this AIG crowdfunding insurance is meant to provide a unique protection not to startups that are attempting to raise money, but actually to the investors who want to take a chance on them but who are afraid of being scammed or losing their investments. The New York based insurance company is now gearing up for the…

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Oklahoma earthquake insurance under investigation by state commissioner

Nordstrom
Oklahoma earthquake insurance coverage

Proactive steps are currently being taken in order to discover whether or not rates are where they should be. State Commissioner John Doak has now announced that he is conducting an investigation into Oklahoma earthquake insurance as a part of a larger effort to make sure that the rates that are being paid by residents of the state are not higher than they should be. This announcement was made at a public hearing at which he heard new details with regards to insurance rate fluctuations. This new information helped the…

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World Bank launches $500 million pandemic insurance fund commitment

Marc
World Bank Building pandemic Insurance fund News

Its president has spoken at an Anti-Corruption panel discussion to launch this rapid-disbursing bond. The World Bank has now announced the launch of a fast-disbursing $500 million pandemic insurance fund that is meant to help to make the necessary money available to poorer countries when the world faces a global epidemic. This is the first time that an insurance market has been created for combating the risk associated with pandemics. The World Bank has also already received commitments from certain nations to help to pay into the pandemic insurance fund.…

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Auto insurance company websites are a big fail, say consumers

Logan B.
mobile car auto insurance company

A recent J.D. Power survey showed that customers aren’t satisfied with the sites run by their insurers. As a whole, the customer satisfaction level a customer feels from his or her auto insurance company has actually been quite strong, according to a J.D. Power survey. However, that feeling doesn’t necessarily carry over to the experience provided by the websites of those insurers. Only slightly more than one half of all auto insurance customers have said they “definitely will” return to the site. Considering the number of people who use websites…

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