Live Insurance News

Auto insurance in cities could change with car ban

January 29, 2014January 29, 2014 Julie Campbell

bigstock empty street in modern city 53137219

The industry is now starting to consider the impact of future legislation with the intent of going green. When it comes to the majority of cities, traffic jams – particularly at rush hours – are generally accepted as a part of the urban experience, but this could change dramatically, as could the state of auto insurance, if a number of cities around the world that are considering a future ban on automobiles within those areas actually go through with the concept. Even some of the countries that are most associated…

Wedding insurance becoming more common among Americans

January 24, 2014January 21, 2014 Julie Campbell

With the increasing cost of getting married and everything that it entails, more couples are purchasing coverage. The average cost for Americans to get married is now approximately $26,000 and, to an increasing degree, couples are purchasing wedding insurance to help to cover themselves against the sizeable financial losses that could occur as a result of illness, extreme weather, or even a sudden change of heart. The coverage isn’t offered by a large number of insurers in the U.S. but the number may soon grow. At the moment, wedding insurance…

The Rising Popularity of Micro Insurance In Asia

December 15, 2013April 19, 2014 Guest Author

When it comes to the world of micro insurance… Asia has been enjoying a 40% annual growth in recent years. Despite the red-hot performance, though, the overall coverage of the populations of Asia and Oceania doesn’t even reach five percent. The Asian market for micro insurance is only getting started. The potential is limitless. What Is Micro Insurance, Anyway? Micro insurance covers low-income households, most often ones found in developing nations. As a rule, the target demographic are the poor, and in most cases people who have been overlooked by…

Long term care insurance study reveals buyer behaviors

August 15, 2013August 12, 2013 G. Turner

Recent research has identified some of the reasons that people are purchasing the coverage. According to the results of a recent study, the people who are the most likely to buy long term care insurance are also those who are either getting ready for their retirement, or who have known someone who has experienced a situation in which they required LTC. The research suggested that life events tend to be a major trigger for making this kind of planning purchase. The study was conducted by the MSR Group and was…

Insurance industry in Kenya continues to struggle despite income

July 11, 2013July 9, 2013 G. Turner

Even though insurers in the African country have been bringing in billions, they are still bleeding money. The Kenyan insurance industry has always faced struggles in selling to the majority of the residents of the country, but despite the fact that it has been bringing in billions, money is still being lost in every direction. The sector continues to have a penetration beneath 4 percent, as has been the case for over 60 years. This has been the case since the first insurer established the insurance industry. That company was…