Live Insurance News

Auto insurance dissatisfaction drives usage-based coverage growth

July 11, 2023July 11, 2023 H. Cutner

Auto insurance - Usage-based coverage increasing

About one third of covered US consumers said they had experienced a rate increase in the last year. Across the United States, around one in three drivers with coverage experienced a rate increase within the last year, said a new JD Power 2023 US Auto Insurance Study. This has pushed them to look for new ways to save money on their policies that they might not have tried before. Mainly due to the rising expense associated with covering their vehicles, customer satisfaction with this coverage fell by 12 points to…

How Claims Management Software Empowers Insurance Professionals

June 26, 2023 Live Insurance News

In the fast-paced world of insurance, effective claims management is crucial for insurers to streamline processes, minimize risks, and provide exceptional customer service. As technology continues to advance, insurance professionals are turning to claims management software to gain a competitive edge. This powerful tool empowers insurance professionals to take control of their operations, resulting in improved efficiency, accuracy, and customer satisfaction. A recent study conducted by Allied Market Research revealed that the worldwide market for claims processing software reached a value of $33.9 billion in 2020. The report further predicts…

$13.5 Billion in Long-Term Care Insurance Claims Paid In 2022

February 17, 2023 G. Turner

long term insurance claims report just in

Insurers paid out $13.25 Billion in long term care insurance claims during 2022 according to a new report released this week by the American Association for Long-Term Care Insurance (AALTCI). “Consumers need to understand that long-term care insurance companies have paid benefits to millions of Americans over the past decades,” says Jesse Slome, AALTCI’s director. “In fact, each year, insurers pay more in claim benefits to more beneficiaries than the prior year.” According to Slome, some $12.3 Billion in claim benefits was paid out in 2021. “The over $1 Billion increase…

Voluntary Advantage is excited to formally announce the following members of their Editorial Board

January 4, 2023January 4, 2023 PR Article

voluntary advantage new board members announcement insurance news

Voluntary Advantage is thrilled to introduce the esteemed members of our Editorial Board and give readers insider knowledge into their expertise in the Voluntary Benefits industry. The team includes well-renowned individuals who are dedicated to providing their unique perspectives on important topics within the Voluntary Benefits market. We look forward to working with them in producing content for The Voluntary Benefits Voice publication. Jennifer Daniel, Vice President of Group Distribution Strategy and Partnerships at Aflac. Jennifer is a proven leader in the insurance industry specializing in benefits technology and strategic…

Mployer Advisor Selected as Key Contributor to Voluntary Advantage’s The Voluntary Benefits Voice Publication

January 4, 2023 PR Article

Voluntary Advantage is excited to announce that Mployer Advisor will be a Key Contributor to their monthly publication for the Voluntary Benefits industry, “The Voluntary Benefits Voice”. Mployer Advisor is the nation’s leading marketplace that is changing the way employers search, evaluate, and select insurance brokers. Mployer Advisor offers the industry’s first independent benefit bench-marking, Mployer Insights, with 150+ different data points for employers to benchmark their benefits plan against companies in their industry, region, and similar employer size. The analytics evaluate benefit design, cost, leave benefits, voluntary benefits, and…