Live Insurance News

NDIS information released by NSW government

August 3, 2012August 2, 2012 Nordstrom

Commonwealth unveils new information concerning NDIS program The provincial government of New South Wales in Australia has released new information concerning the country’s National Disability Insurance Scheme (NDIS) on Wednesday of this week. The NDIS is currently in its trial phase, which will provide government officials with the information they need to determine the viability of such an ambitious insurance program. Currently, New South Wales is the only Australian jurisdiction that has 10,000 participants in its trials of the NDIS program. NSW receives funds for its NDIS trial According to…

The uncontrolled growth of disability insurance

April 28, 2012April 30, 2013

An update from the Medicare and Social Security trustees has shown that the cost of disability insurance is skyrocketing. The annual report published by the Social Security and Medicare trustees has shown that yet again, among all of the partisan disagreements, a critically important issue has failed to receive its due attention: the rapidly increasing cost of disability insurance. This coverage accounts for almost one out of every five dollars that Social Security spends, and the numbers are rising to a point that is simply out of control. Many are…

Business claims on the rise due to discrimination

May 5, 2011May 15, 2013

A recent survey by the Chubb Group of Insurance Companies, show that lawsuits against businesses for discrimination have risen dramatically; and are still rising. The Equal Employment Opportunity Commission (EEOC) reported a record breaking number of discrimination charges in 2010. The Chubb Group’s report revealed that one third of employees they surveyed felt their company is less likely to protect them from various forms of discrimination. More than 30 percent also stated that they felt companies were less likely to protect consumers from id theft or data leaks. According to…