Live Insurance News

Insurance industry may not be living up to expectations

April 3, 2015April 2, 2015 Marc

California health insurance industry agent

Insurance agents and brokers are falling behind when it comes to meeting consumer expectations The insurance industry may be having a problem with providing consumers with a favorable experience, according to a report from Market Insight Group and Applied Systems. The report shows that independent insurance agents and brokers are failing to provide their clients with an experience that they have come to expect, which is leading to a disconnect between consumers and the insurance industry. A poor experience could lead consumers to seek coverage from other companies. Report highlights…

Auto insurance collision data shows daylight saving time boosts accidents

March 10, 2015March 9, 2015 Julie Campbell

An MP report has shown that when the clocks spring forward, drivers are left dozy behind the wheel. Daylight saving time, also known as summer time, has now caused the clocks to “spring forward” in many countries around the world, including much of the U.S. and Canada, and this has caused health and auto insurance news headlines to flare up with controversy, statistics, and discoveries about the impact that the practice has on our society. This trend will occur once again at the end of the month, as many other…

Insurance agents could see greater struggles from online selling

January 23, 2015January 20, 2015 Julie Campbell

The internet is starting to show the areas in which these industry pros could be threatened. The internet has had a history of turning jobs that used to be completed by people into tasks that could be finished in a few seconds by an algorithm or two, and now insurance agents are wondering whether that same fate could be headed in their direction. The insurance industry is seeing a massive shift toward informing consumers and selling online. Companies are introducing massive websites that promote various products, provide additional information about…

Employer insurance trends are not impacted by the health care reform as expected

December 30, 2014December 27, 2014 Julie Campbell

While many had believed that companies would drop their coverage, research is showing that this is not the case. Researchers from the Urban Institute have recently released the results of a new study that has been published online in the Health Affairs journal, showing that while many had expected insurance trends from employers to include the dropping of coverage for their workers as a result of the health care reform, this has not been the case. The Affordable Care Act has not been leading swathes of companies to drop their…

Is homeowners insurance enough to protect residents against fracking

December 19, 2014December 17, 2014 Julie Campbell

$Texas homeowners insurance fracking wastewater earthquakes$

Property owners in areas where hydrofracking are discovering that they may not be as safe as they thought. Hydraulic fracturing, also known as fracking, is spreading to a growing number of regions across the United States, and while the method of extracting natural gas from the Earth is a controversial one, homeowners insurance policyholders are starting to wonder how much protection they truly have against some of the potential damaging events that could occur as a result of the technique. In a number of parts of the U.S., many are…