Cyber insurance more affordable as headline hacks dwindle

G. Turner
Cyber Insurance

As the hype over high profile data breaches subsides for a while, the premiums for coverage have fallen. Cyber insurance companies have responded to a lull in the occurrence of high profile hacks by slashing the rates they are charging to businesses such as health care companies and retailers to cover them against data breaches. This trend has been continuing throughout the first quarter of the year and has prompted insurers to cut rates. Over the last handful of years, particularly over the last couple, there have been some extremely…

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Health insurance premiums are on the rise in Australia

Logan B.
Australia health Insurance

Large insurers are raising rates by a significant margin Several of Australia’s largest health insurance providers, including Medibank Private Limited and NIB, will be increasing premiums in the coming days. These insurers have been raising premiums annually for the past few years, which has placed many consumers under greater financial pressure. Some of the country’s insurers have also been accused of offering “junk” policies, which offer consumers very limited coverage. With higher premiums and the abundance of these junk policies, many consumers may opt to go without health insurance coverage…

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Canadian insurance company leads the way in anti-discrimination for suicide patients

Julie Campbell
stress depression suicide insurance company

Desjardins Group has become the first insurer in the country to drop a controversial policy clause. The Desjardins Group insurance company in Canada has now become the first insurer in the country to drop a clause from its benefits plans that would deny benefit payments to policyholders who have self-inflicted injuries or who have attempted suicide. The changes to the employee benefits plan have become effective immediately and will apply to at least one client. At the start of this change, the changes made by the insurance company are taking…

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Taxpayers to commit $660 billion for health insurance subsidies in the US

S.Vagus
Health Insurance Expense

Subsidies to help cover the cost of coverage for those over the age of 65 are growing This year, taxpayers in the United States will commit more than $660 billion to help subsidize health insurance coverage for those over the age of 65, according to the. The federal agency has released one of its most comprehensive reports concerning the cost of subsidized insurance coverage, highlighting the potential these subsidies have to reduce the national deficit. According to the report, the 2016 tax bill accounts for 3.6% of the country’s gross…

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Professional liability insurance is becoming more popular among American police

Julie Campbell
Police professional liablity insurance

A growing number of U.S. law enforcement officers are protecting themselves against lawsuits. The largest police union in the United States, the Fraternal Order of Police, has recently reported that law enforcement officers are buying professional liability insurance on an increasing basis as a result of concerns over being sued for their actions while on duty. In the span of one year, running from July 2014 through July 2015, there was a double-digit increase in coverage. Within that span of time, the union reported that members buying professional liability insurance…

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