Tag: insurance

.Insurance becomes popular target for insurers

Marc
Insurance technology and news

ICANN begins accepting applications for new domain names The Internet Corporation for Assigned Names and Numbers (ICANN), a non-profit organization t hat oversees the assignment of Internet identifiers, has expanded the availability of domain names for the sake of the financial services industry. Large companies will now be able to vie for the ownership of identifiers such as .bank and .insurance, as well as variants of these names such as .lifeinsurance and .insure. ICANN is now accepting applications for insurance companies who wish to make use of these new domain…

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Climate change could spark more wildfires around the world

S.Vagus
Imaga from Wikipedia Global Warming Map Showing the Hottest Temperatures in the past decade

Insurers becoming increasingly concerns over the effects of climate change Climate change is a highly politicized issue that has generated a great deal of controversy over the years. Though the issue has caused division in numerous industries and within the political world itself, it has been better received by the global insurance industry. Climate change and its potential effects have caused a great deal of concern amongst insurers who have long kept tabs on changes in environments and weather patterns. Because climate change could spur profound financial losses, insurers are…

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Flood insurance program wins short-term extension

S.Vagus
Flood insurance

Lawmakers take action on NFIP ahead of hurricane season Federal legislators have taken action on the troubled National Flood Insurance Program (NFIP) this week, voting for a short-term extension for the program. NFIP has been plagued with financial woes for several years, after Hurricane Katrina dealt a destructive blow against the U.S. in 2005. The program accounts for the majority of flood insurance policies in the country and is often considered the best place for homeowners to find affordable coverage. Because of this, the program has acquired a massive number…

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Fitch Ratings weighs in on 2012 hurricane season and U.S. insurance industry

S.Vagus
2017 atlantic hurricane season Insurance industry

Hurricane season approaches, insurers still weary of disasters Atlantic hurricane season is scheduled to begin June 1 this year, a fact that has caused some concern in the U.S. insurance industry. Previous hurricane seasons have spawn devastating storms that have caused high levels of damage in many parts of the country. Last year, an active hurricane season played a supporting role in making 2011 the most disastrous year in recent history. Insurers have been weary of a repeat of last years’ season, latching onto reports suggesting that this year may…

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When will insurance benefit you (and when will it not)?

health Insurance IRS

Understand when coverage will simply be another expense, or when it will provide you with financial security. It’s not always easy to know when insurance coverage will provide you with any benefit or if it will simply increase the number of bills that you have to pay every month. After all, in many cases, coverage isn’t about something that will certainly happen, but is instead a matter of understanding the size of your risk of an event, and whether or not it will be worth the premiums that you must…

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