Live Insurance News

Home insurance policies should be reviewed as holiday shopping begins

November 30, 2016November 28, 2016 Nordstrom

homeowners home insurance policies christmas holidays

Even before the Christmas tree goes up, coverage should be consulted to be sure it’s enough. The last thing a homeowner wants to do is to make a claim on home insurance policies over the holiday season. However, this coverage can play an integral role in putting things right if the worst should happen. The risks of peril and of loss usually spike over the holidays. Therefore, homeowners are being advised to make sure the coverage they have is enough for their needs. Burning candles, piles of gifts, icy sidewalks…

Auto insurance claims still need human participation, J.D. Power

October 31, 2016October 28, 2016 G. Turner

According to a recent customer satisfaction study, consumers love tech but still need human interaction. While consumers may love technology for many interactions, auto insurance claims still need that human touch. The J.D. Power 2016 U.S. Auto Claims Satisfaction Study showed tech hasn’t fully replaced people. The research showed that Generation Y is less satisfied by the insurance claim process than any other generation. The study defined Generation Y as people born between 1977 and 1994. They found the auto insurance claims process to be the least satisfactory of any…

Cyber security is becoming risky for the insurance industry

July 22, 2015July 21, 2015 S.Vagus

Survey shows that insurers are becoming more concerned about cyber risks The Cyber Security Forum Initiative, alongside the Pew Research Center, has released the results of a new survey that highlights the risks that the insurance industry is facing. According to the survey, cyber risk and interest rates are now among the top risks that insurers are experiencing in the global market. Regulatory risks continue to be a significant concern for the insurance industry, but the rise in cyber attacks and other digital issues are beginning to cause concern for…

New service sheds light on ratings for the insurance industry

May 18, 2015September 19, 2020 S.Vagus

Fitch Ratings has launched its Ratings Navigator for Insurance service Fitch Ratings, a prominent statistical rating organizations, has launched a new service called Ratings Navigator for Insurance. The new service is meant to provide more information about the insurance industry, offering insight into how the organization’s ratings work and what affects these ratings on insurance companies. Some 50 insurance companies are categorized in the service, with these insurers operating in various parts of the world and offering numerous forms of insurance coverage. Service aims to shed some light on the…

Travel insurance coverage is being purchased for very specific reasons

May 15, 2015May 14, 2015 Julie Campbell

Travel insurance Young Man Luggage Staning In Front Of Air Plane

Among the drivers that cause travelers to buy a policy, worries over hurricanes top the list. The results of a recent travel insurance survey have shown that there are some very specific reasons that consumers are purchasing this coverage, among which, hurricanes have been generated the largest amount of worry. The findings revealed that unexpected weather is enough to cause travelers to want to insure themselves. The research was conducted by a comparison website called InsureMyTrip. It determined that severe weather is making people the most worried about their vacation…

Health insurance misunderstandings may lead to bad choices, study

November 5, 2014November 4, 2014 H. Cutner

Research has revealed that there is a gap between the reality of coverage and the average consumer’s perception. The findings that have been published by the American Institutes for Research, from a recent study, have revealed the outcome of an evaluation of the confidence level that people have when they are selecting their health insurance coverage when compared to their actual skills and knowledge on the subject. The open enrollment for buying a health plan is now less than two weeks away and perception may not match reality. As people…

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…