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The Insurance Industry and Climate Change

June 14, 2014June 12, 2014 Note From The Editor

Climate Change Insurance agents Industry

Insurers are taking steps to address climate change When it comes to climate change, insurance can be a tricky subject. The global insurance industry does not typically deal in “what ifs” and many large insurers are not willing to debate whether or not climate change is real. These insurers are more apt to address the issue of climate change by offering new insurance products and finding ways to mitigate the risks associated with the phenomenon. Powerful storms, rising temperatures, and depleting food and water resources are becoming issues that the…

Businesses need more than cyber insurance

June 7, 2014June 9, 2014 Note From The Editor

The world is becoming more integrated with technology and this is beginning to change the way the insurance business works. With businesses beginning to enter into the digital space in order to more effectively engage consumers, the need to protect themselves from cyber attacks is beginning to increase. Many businesses to not take the steps necessary to protect themselves from digital threats, so insurers are beginning to serve as a safety net, but even the insurance industry cannot protect companies from every threat in the digital world. The digital risks…

The Insurance Industry and the Challenge of New Media

May 31, 2014May 30, 2014 Note From The Editor

Insurers are finding it tricky to provide effective policies to the new media space The world of media is changing quite quickly. So called new media, which refers to on-demand content that is available at any time and on any digital service, is becoming the de facto form of entertainment for many people, especially those in younger generations. New media is quite different than traditional media, especially when it comes to matters concerning the distribution and protection of content. New media represents a certain challenge for the insurance industry that…

The Impact of Insurance Fraud

May 24, 2014May 24, 2014 Note From The Editor

Fraud is not only a problem for insurers Insurance fraud is more common than people may think and it is one of the most serious problems facing the insurance industry today. Fraud causes an estimated $115 billion in financial damage in the U.S. alone and this damage is not only felt by insurance companies. Because insurers are pressured to recover from losses, the financial damage caused from fraud often trickles down to policyholders, who must pay for the fraudulent activities of others through increased premiums or fewer benefits being offered…

The Insurance Industry and Climate Change

May 17, 2014May 16, 2014 Note From The Editor

Climate change does not escape the notice of insurers Climate change is a controversial issue, but not so controversial that the insurance industry would avoid it. Indeed, many insurance groups around the world are beginning to consider climate change a very serious problem that should receive equally serious attention. While climate change has become heavily politicized, the insurance industry is keen to remain somewhat neutral on the matter, suggesting that the potential damages that can be associated with climate change are a more important subject than the cause of climate…

Health insurance: A lack of knowledge may be the plight of young people

May 10, 2014May 9, 2014 Note From The Editor

Young people are almost entirely unaware of insurance issues There is a significant gap in the awareness that younger people have concerning health insurance than that which exists with their older counterparts. Insurance is often considered a boring subject among young people. Many of these people do not have to worry about insurance issues in any way, which means that they perceive little purpose in understanding insurance in general. This lack of interest may actually prove problematic in the future as the insurance landscape in the U.S. continues to change…

Insurance industry and renewable energy go hand-in-hand

May 3, 2014May 1, 2014 Note From The Editor

green alternative energy insurance industry

The insurance industry may help direct the course of clean energy’s future Renewable energy is becoming more prominent throughout the world. Developing countries are turning to clean energy for the sake of economic growth, while larger countries are looking to use renewable power to cut down on the emissions that they produce through the consumption of fossil-fuels. Renewable energy is poised to become the most important business sector in the world as fossil-fuels begin to fall from favor, and the insurance industry may play a major role in the future…