Live Insurance News

Auto insurance rates are headed skywards nationwide

June 15, 2016June 13, 2016 Nordstrom

After an extremely deadly year in 2015, premiums are experiencing their largest rise since 2003. Across the United States, auto insurance rates have been rapidly climbing, with a six percent spike having occurred in April that represents the largest increase in the average premiums since 2003. The reason for the climbing car insurance premiums is that the last few years have been especially deadly on roads. According to Rocky Mountain Insurance Information Association Executive Director Carole Walker, “Unfortunately, out on our roadways, we’re seeing a collision course of all of…

California insurance industry trends forum hears from Schwarzenegger about risk

May 12, 2016May 11, 2016 H. Cutner

Arnold Schwarzenegger California insurance industry trends

The former state governor and well known actor weighed in at the Southern California university event. Actor and former governor Arnold Schwarzenegger spoke at a California insurance industry trends forum this week in order to discuss certain central topics such as that of risk. He spoke to insurance students and professionals in the industry about what it took to play some of his most famous roles. Schwarzenegger also took the chance to use the California insurance industry trends seminar to discuss the types of risks he faced when he originally…

Greek insurance market is taking a dive

March 31, 2016March 30, 2016 H. Cutner

The situation in the industry in Greece looks as though the trend is to continue slipping. Last year, the insurance market in Greece took a significant hit as the number of people in the country who cashed in savings based policies broke all previous records of that nature. That trend revealed a solid decline of the state of the insurance industry within the country. This appears to be yet another casualty of the economic crisis in Greece. The reason is that as people have watched their disposable incomes withering, they…

USI acquires Best Insurance Company from Florida

February 25, 2016February 24, 2016 H. Cutner

Insurance Company standards financial federal reserve

The Insurance services firm has now purchased the homeowners, auto, motorcycle, watercraft and boat insurer. USI Insurance Services has now revealed that it has acquired the Best Insurance company, which is headquartered in Tamarac, Florida, and sells a range of different types of coverage within the state. The Best Insurance sells several different kinds of coverage to customer in Florida, North and South Carolina and Georgia. The terms of the purchase of the insurance company had not been disclosed at the time of the writing of this article. The Best…

Third largest insurance market is now China

February 12, 2016February 11, 2016 Julie Campbell

Figures released by the China Insurance Regulatory Commission (CIRC) show a surge over the past half decade. Following five years of tremendous surges in growth in the Chinese insurance market, premiums from that country have now brought it up to the third place spot among the largest marketplaces in the world. This was shared as a part of a report produced by the China Insurance Regulatory Commission (CIRC). The third place insurance market position was actually achieved in 2015, though the figures were only just tallied by the CIRC. The…