Live Insurance News

Insurance marketing warning issued by state of Iowa

September 23, 2014September 20, 2014 H. Cutner

An official agency has now released a statement cautioning consumers of potentially deceptive ads. The Iowa Insurance Division has now released a warning to the residents of the state, cautioning them that certain insurance marketing and ads for annuities may have potentially deceptive messages. The agency has been watching a growing number of marketers that work with the industry using misleading ads. The insurance marketing strategies used by those firms are becoming misleading on an increasing basis, said the agency in a bulletin, in the attempt to try to boost…

Insurance news shows “sharing economy” isn’t adequately covered

September 22, 2014September 20, 2014 Julie Campbell

The typical policy is no longer protecting people in certain behaviors that have become commonplace. The latest insurance news from Oregon now includes a statement released by that state’s commissioner with regards to what he called a “sharing economy” and that the typical type of policy does not provide adequate coverage for using a vehicle as a part of a ride sharing service or for renting out a home. In Oregon, the insurance commissioner has previously remained quiet about coverage in these areas. Services such as Uber and Airbnb are…

Auto insurance available through Walmart in Ohio

September 19, 2014September 19, 2014 G. Turner

The massive retailer has now expanded its online car coverage into the state for the first time. As of this week, the largest retailer in the world has expanded its service for selling auto insurance online into the Ohio, to bring its total number of states where it offers the coverage to eleven. Walmart first launched the service for the first time back in May, and it has been expanding it steadily. The auto insurance program is being run through AutoInsurance.com and it gives consumers the opportunity to conduct a…

Fire insurance policy used by Oregon to cover wildfires

September 5, 2014September 6, 2014 Julie Campbell

The state has already managed to burn its way through the deductible and is being assisted by its coverage. Oregon has now started to reach into its fire insurance coverage in order to help pay for the rising cost of battling wildfires in the state, and this is the second year in a row that it has been required to do so. This year, the number of acres that have been burned down have exceeded the average of the last decade. In fact, the wildfires in Oregon have tripled the…

Long term care insurance prices raise concerns

September 3, 2014September 5, 2014 G. Turner

Long Term Care Insurance Premiums on the Rise

Insurance commissioners in nearly every state are alarmed as they have nearly no authority to stop these skyrocketing rates. Across the country, state authorities are finding that the price of long term care insurance coverage is heading sky high at an increasingly rapid rate, and at the moment, they don’t have much in terms of power when it comes to actually controlling this issue. Regardless of claim history or health status, insurance premiums are rising at a staggering pace. It is not unheard of – or even uncommon – for…