Live Insurance News

Survey shows insurance industry is ready to take on more risk

May 8, 2014May 6, 2014 S.Vagus

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…

Philippines insurance industry to grow throughout next year

December 9, 2013December 7, 2013 G. Turner

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…

Homeowners insurance focused agents are missing large opportunity

October 2, 2013October 1, 2013 H. Cutner

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…

The Golden State – California Insurance Report

August 31, 2013April 19, 2014 Guest Author

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…

Insurance news study results show people with coverage use hospital less

June 5, 2013June 4, 2013 Julie Campbell

The research compared hospitalizations among those who had health plans with those who didn’t. According to the results of a new study that are making insurance news headlines, people who have health coverage are far less likely to require hospitalization than those who are uninsured. This data comes at a time when the Affordable Care Act is still trying to show it will be financially worthwhile. The research performed a comparison between the hospitalizations of childless adults who had BadgerCare with those who are completely uninsured. What it determined was…

Insurance news from Swiss Re shows drop in catastrophe claims

December 21, 2012April 30, 2013

The industry has faced about half as much cost from disasters than it saw last year. Swiss Re, the massive European reinsurance company, has released its most recent insurance news statistics for the year, saying that it looks as though the industry took on about half of the claims costs for disasters this year than it did last year. The claims losses from 2011 were nearly record breaking, so the notable reduction is very welcome. The prediction made by Swiss Re in its insurance news statement was that the industry…

Insurance news from Ohio shows fraud is on the rise

December 11, 2012April 30, 2013

The state has received a record breaking number of allegations of fraudulent claims this year. Officials in Ohio have reported the insurance news that there has been a notable increase to the amount of fraud that is occurring in the industry. The scams are being blamed on the hard economic times and criminal activities in the state. According to the most recent Ohio Department of Insurance news, the combined efforts of insurers, agents, customers, police, and other parties have already generated 4,022 fraud allegations in the state as of last…