Live Insurance News

Insurance news looks great for people living in smaller cities

July 16, 2014July 14, 2014 H. Cutner

A recent study has shown that costs are measurably lower than they are in larger urban centers. According to the insurance news making study that was conducted by ValuePenguin, there are some considerable advantages to living in smaller cities when compared to living in larger ones, and one of them is the fact that the cost of coverage is lower. The research found that in Ohio, people paid lower insurance rates in small cities than in larger ones. For example, in the insurance news report on the study, it showed…

Insurance Fraud and its Effect on Premiums

June 21, 2014June 21, 2014 Note From The Editor

Auto insurance fraud is a costly problem Insurance fraud is quite prevalent, but not necessary always in the spotlight. Many people don’t understand how fraud affects the insurance industry or that fraud also has an impact on them as well. In the auto insurance sector, fraud has become quite common, partly due to the prevalence of certain laws and the that there are groups devoted to committing fraud in a highly organized manner. Some of these groups are lead by medical and insurance professionals as well. According to the Coalition…

Health care reform could be keeping insurance rates steady

May 28, 2014May 26, 2014 S.Vagus

Rate hikes for coverage in the US may be less serious than previously thought Consumers throughout the U.S. have been experiencing rate hikes for their health insurance coverage over the past few years. Rates have been growing at a rapid pace, placing many people under significant financial pressure. The Affordable Care Act is meant to resolve this issue by helping slow down the frequency at which insurance premiums increase, and the health care law may actually be succeeding in this endeavor. Early rate filings coming from many large insurance companies…

Life insurance premiums will be rising for older vets

May 27, 2014May 24, 2014 H. Cutner

Veterans who are over a certain age could soon find that their coverage is becoming more costly. According to a statement that has been released by Veterans Affairs Department officials, as of July 1, 2014, older vets will find themselves facing higher life insurance premiums for their Veterans Group Life Insurance policies. The increase will apply only to vets who are aged 70 years and older and it will be for 2.2 percent. This life insurance rate increase is the first one to have been put into place for veterans…

Auto insurance rates climb more due to some traffic tickets than others

April 8, 2014April 12, 2014 Julie Campbell

Recent news by a website examined national data and found that certain violations cost more than others. In recent auto insurance news, the results of a national analysis of traffic ticket and premiums data, conducted by San Francisco based InsuranceQuotes.com revealed that some violations cause rates to rise more than others. Overall, safer drivers pay less than riskier ones, but some tickets are more costly than others. The study showed that the moving violations that can lead to the highest penalties –in the form of the ticket itself, from the…