Live Insurance News

Unemployment insurance claims for first timers on the rise in Louisiana

May 28, 2014May 26, 2014 G. Turner

The state has now started to see an increase in the number of people claiming when they hadn’t the week before. The official report from the Louisiana Workforce Commission has shown that the number of first time claims for unemployment insurance in the state for the week that ended on May 17 showed an increase over the number that had been recorded during the week before. In one week, the number of first time claims rose from 2,209 to become a notably higher 2,343. That said, while these unemployment insurance…

Software is making the insurance industry more efficient

May 27, 2014May 26, 2014 Marc

Technology is becoming a powerful tool for insurance companies IBISWorld, a global business intelligent organization, has released a new report concerning the effect that new technology is having on claims processing in the U.S. Claims are nothing new for the industry, but how insurers deal with the claims they receive has been evolving rapidly over the years. As new technology becomes available, insurance companies are finding better ways to manage claims and process these claims at a more rapid pace. Insurers are also become more adept at weeding out fraudulent…

Climate change is forming a broadening insurance industry struggle

May 21, 2014May 19, 2014 G. Turner

The shift away from the traditional attitude of insurers is generating considerable controversy. While the insurance industry has traditionally been a strong supporter of the principles and behaviors of free enterprise – as it is quite the business giant – as some major carriers start to evolve their positions as a result of climate change, this has generated some disagreements to build among many of their backers in congress. Skepticism regarding the science behind the global warming claims remains among many in Congress. When it comes to the insurance industry,…

Customer retention is a top priority for the insurance industry

April 26, 2014April 25, 2014 Note From The Editor

business agent mobile insurance industry

Economic crises has insurers shifting their priorities Though the peak of the global economic crisis may have passed, many people throughout the world are still reeling from the catastrophe. As such, many people have become much more leery of the insurance industry than they were in the past, and this is leading to problems concerning customer retention. Consumers are not the only victims of the economic crisis, of course, as businesses have also suffered to some degree. This is true for insurance companies as well, many of which have become…

Insurance industry losses are massive due to disastrous winter weather

February 26, 2014February 24, 2014 G. Turner

Over $1.4 billion in losses have been seen due to the extreme conditions that have been experienced. With continual snow and temperatures that are continually below the averages, the insurance industry is starting to feel the same winter blues that are being experienced by the cabin feverish residents of the icy and snowy regions of the country. As much as snowplows and two truck drivers are frustrated, the losses seen by insurers is even greater. According to the data that was issued by Impact Forecasting, the extra wave of severe…