Tag: insurance study

Hispanic representation is particularly low in insurance industry diversity: study

H. Cutner
Insurance industry diversity - man and woman

New Marsh and LAAIA research showed that this demographic is underrepresented and under supported. Insurance industry diversity and inclusion are among the leading themes for companies and organizations in 2020, and as such, many are seeking to understand those who have been underrepresented and under-supported. Companies are seeking to evaluate methods of addressing issues of discrimination and representation. The results of a new Marsh and Latin American Association of Insurance Agencies (LAAIA) study has revealed that Hispanic professionals are among those least represented in insurance industry diversity and inclusion efforts.…

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Some may avoid tax penalties if they do not have health insurance

Nordstrom
health insurance mergers industry care

Affordable Care Act tax penalties may not be a problem for some people Some people without health insurance in the United States may not be subject to tax penalties next year. According to the Affordable Care Act, all U.S. citizens must have a certain level of health insurance coverage. If people do not have the adequate level of coverage, they could be subject to fines from the federal government, issued during tax season. Some people may qualify for an exemption from these fines, however, due to provisions of the federal…

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Travel insurance is becoming more expensive for seniors

Julie Campbell
travel insurance

Despite the fact that claims are dropping, the industry is still charging these travelers more for coverage. Vacationers in their late 70s and their early 80s are now finding that travel insurance is costing them more than it once did – even more than people who have recently retired – even though the costs associated with covering those individuals on their holidays has been decreasing. Typically these insurance policies become more costly with age because of a rise in the risk of accidents and health problems. For that reason, when…

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New York auto insurance rates vary widely throughout the state

H. Cutner
New York Auto Insurance

A new report has been released to identify the five most expensive counties in which to purchase coverage. The release of a new report has now underscored the point for New York auto insurance customers that a driver’s zip code will make a considerable impact on the amount that will be paid in premiums. In fact, the county in which a motorist lives could nearly quadruple the cost of coverage. This state has the third greatest population in the U.S. Out of the total estimated population in the state, which…

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Automobile insurance study shows affordability improvements

Julie Campbell
Automobile Insurance affordability

The research determined that auto coverage has become more affordable for people at all levels of income. A recent study that was conducted by the Insurance Research Council (IRC) has determined that automobile insurance is becoming more affordable and that this trend has been maintained over the last ten years, particularly for individuals within the lower and middle income ranges in the United States. Every state except for six experienced improvements in their affordability from the 1990s to the 2000s. Among all of the states and the District of Columbia…

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