A new report from the non-profit research organization Climate Central suggests that millions of U.S. citizens are at risk of coastal flooding. The report posits that changes in the climate will result in storm surges and rising sea levels. Rising water could put nearly 5 million Americans at danger of floods by 2030. The report indicates that by 2050, flooding caused by rising sea levels will be much more widespread. This could cause serious problems for the insurance industry that has been battling a higher frequency of natural disasters over…
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U.K. government may stop uninsured drivers from buying gas
The British government is currently considering an initiative to stop drivers without insurance from being able to refuel their vehicles. The program would involve the use of the thousands of cameras with license plate recognition technology – that have already been implemented to help prevent drivers from fueling up and leaving without paying – to be reworked to be able to provide a cross-checking against the insurance and tax records with the government. The pump would operate only if both insurance and tax records match within the database. The government…
Read MoreAttensity unveils new insurance industry social analytics solution
Top Social CRM social analytics and engagement app provider, Attensity, has announced its latest product, which consists of a solution for the insurance industry that broadens the flagship text analytics app by the company with new and unique topics, category sets, dashboards, and reports that are designed specifically for the needs of the insurance industry. This new solution has been created to allow insurance carriers and other businesses within that industry to perform a timely and accurate analysis of customer conversations over social media as well as other unstructured sources,…
Read MoreBallot initiative faces opposition from California insurance companies and doctors’ group
The California Medical Association (CMA), a health insurance organizations coalition, the California Hospital Association (CHA), and other groups have announced their intentions to work together to oppose a ballot measure that is meant to create California insurance regulation for rate increase on health plans and policies. According to the CMA president-elect, Paul Phinney, this ballot initiative doesn’t do anything to help control the causes of the cost increases in the healthcare system. He added that “I just think this initiative is the wrong idea.” Ballot measure advocates have said that…
Read MoreSurvey shows that challenges facing states in building health insurance exchanges
A new survey conducted by the KPMG Government Institute, an analysis organization that focuses on government policy and legislative trends, provides some insight on some of the challenges facing states in their efforts to build a health insurance exchange. The survey draws upon information provided by 80 state officials from throughout the country. These officials offered information on why health insurance exchanges seem to be such a troublesome issue. The common consensus boils down to cost. The survey suggests that insurance exchanges may be too expensive for some states, even…
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