Travel insurance coverage is being purchased for very specific reasons

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…

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Health insurance misunderstandings may lead to bad choices, study

health insurance confusion

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…

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Insurance news looks great for people living in smaller cities

Insurance News

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…

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Survey shows insurance industry is ready to take on more risk

Risk ahead insurance industry

Insurers are looking to increase risk in order to fight back trend of low yields Goldman Sachs Asset Management has release its latest annual survey of the insurance industry’s leading Chief Investment Officers and Chief Financial officers. These insurance officials represent organization with more than $6 trillion in global balance sheet assets. The survey is the third of its kind from Goldman Sachs, which aims to release these reports every year for the foreseeable future. Notably, the survey shows that insurers may be willing to take on additional risk in…

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Philippines insurance industry to grow throughout next year

Philippines insurance industry growth

SunLife predicts that the sector will keep up its expansion throughout 2014 to continue the trend. According to the top SunLife Financial executive in the Philippines insurance industry, that sector will be continuing its solid growth throughout 2014, following four consecutive years in which that was already the case. The announcement was made as a part of a broader statement regarding the firm’s predictions. According to Riza Mantaring, the chief executive and president of SunLife in the region, it is not easy to be able to maintain such a considerable…

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Homeowners insurance focused agents are missing large opportunity

insurance agents

A new J.D. Power report has shown that these professionals are not taking advantage of the long term benefit of renter customers. According to a new report from J.D. Power, agents who place all of their focus on homeowners insurance customers are not taking advantage of the opportunity offered to them for greater long term success that stems from the relationships that they can build with renter customers. As the needs of tenants grow, due to changes in their lives or circumstances, they could provide additional opportunities. Renters coverage may…

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The Golden State – California Insurance Report

California auto insurance

With the increasing number of fatalities in accidents on US roads and highways, having a car insurance policy has become more essential than ever. Just having a look at the latest “Allstate America’s Best Drivers Report” released this week will give you a fair idea. The annual report, released by America’s second-largest insurance provider with regards to personal lines, highlights the fact that accidental deaths in car crashes across the country have jumped up over 33,700. What was most surprising was the fact that Washington DC, where the nation’s lawmaking…

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