U.S. drivers turn to the Internet to find coverage

Online Auto Insurance

Report shows that more consumers favor switching carriers over purchasing new policies J.D. Power and Associates, a global marketing information service, has released a new report that shows a sharp decline in the number of people purchasing auto insurance in the U.S. The report shows that the number of car owners that are purchasing new insurance policies is diminishing. These drivers are, however, switching insurance carriers at a higher rate. The report draws upon data collected by J.D. Power through a recent survey of U.S. auto insurance consumers. Many drivers…

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Hospitals could suffer if insurance mandate is abolished, says Moody’s

Health care reform news

Special report highlights the impact Supreme Court ruling could have on hospitals Moody’s Investors Services, often referred to as Moody’s, has released a special report concerning the insurance mandate provision of the Affordable Care Act within health care reform. The mandate has been at the heart of the controversy surrounding the federal law. According to the law, American citizens must purchase and maintain some kind of health insurance policy. Many states have accused the federal government of overstepping its boundaries by requiring people to purchasing health insurance. As a result,…

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J.D. Power and Associates study shows insurance consumer satisfaction is high after storms of 2011

A new report from J.D. Power and Associates, a global marketing information firm, shows that many consumers have been left happy in the wake of the veritable onslaught of natural disasters in 2011. The firm surveyed 4,200 homeowners insurance customers who had filed claims after these disasters. More than 80% of these consumers responded that they were satisfied with the service they were given and would likely renew their policies with their insurance provider. This comes as something of a surprise for the insurance industry as 2011 was the most…

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Insurance survey shows consumers unclear about what they really have

A new survey from Accenture, a managing and technology services company, has been released. The survey draws upon the experience of 7,000 people across 13 countries regarding their satisfaction with the insurance industry. The worldwide industry has come under a fair amount of scrutiny recently for glorifying insurance policies that are far less than what they claim to be. Accenture’s survey reveals major gaps between what customers expect to receive from insurers and what they are actually getting. According to the survey, 84% of respondents said that they were satisfied…

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