Live Insurance News

Homeowners insurance market in Louisiana has healed, says Commissioner

August 14, 2015August 13, 2015 Julie Campbell

Hurricane Katrina Flood Damage homeowners insurance

According to Jim Donelon, this marketplace has now finally rebounded from Hurricane Katrina. Since Hurricane Katrina and the massive devastation that it left behind, Louisiana has managed to come a very long way in revitalizing its tourism, real estate, and homeowners insurance markets, according to a recent statement from the state’s commissioner, Jim Donelon. The state’s “insurance market has rebounded and flourished” since that terrible time in its past. When Hurricane Katrina smashed through Louisiana in 2005, it left $25 billion in insured losses behind, following 725,000 claims in that…

Insurance industry may face new competition from Google and Amazon

October 22, 2014October 21, 2014 S.Vagus

Google and Amazon may be looking to break into the insurance market The insurance industry may be facing new competition in the next few years from some unexpected rivals. Google and Amazon are beginning to look into the insurance sector, seeing significant promise therein. Consumers throughout the world are beginning to trust large technology and commerce companies with various services. As this trust grows, these companies are beginning to find new ways to engage consumers and offer them products that are in high demand. New competition in the insurance industry…

Insurance market in Latin America to continue rapid growth

September 30, 2014September 27, 2014 H. Cutner

This geographical segment of the marketplace is expected to maintain its fast increases, despite industry challenges. According to a recent statement that was made by Alan Murray, senior vice president at Moody’s, Latin America will continue to be one of the most rapidly growing insurance market regions on the globe. This, despite the fact that the insurance industry is expected to have to face certain hurdles along the way. Over the last ten years, Latin America has continued to hold the top spot as the most rapidly growing insurance market,…

Mortgage insurance market moves toward private sector away from CMHC

June 2, 2014May 31, 2014 H. Cutner

The Canadian Mortgage and Housing Corp. appears to be losing its grasp on this space. For many years, the Canada Mortgage and Housing Corporation (CMHC), a Crown corporation, has held a considerable dominance over the mortgage insurance market in the country, but that situation appears to be changing. Its rivals in the private sector are now taking a greater hold on the market and is scooping up a bigger share. During the first quarter of 2014, the CMHC provided mortgage insurance for 27,869 housing units for borrowers whose down payment…

Overstock breaks into the insurance market

May 22, 2014May 22, 2014 Logan B.

Overstock.com to begin selling insurance products for a variety of sectors Overstock.com is set to enter into the insurance market. The company specializes in discount retail, offering sales on a wide range of products and boasting of a massive inventory that grows by the day. The company has seen potential in the insurance market and has begun carrying insurance policies for those interested in shopping for such products online. These policies cover property, vehicle, and commercial insurance, with Overstock.com acting as a sort of insurance exchange. Insuritas provides backbone for…

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…

Survey shows insurance industry is ready to take on more risk

May 8, 2014May 6, 2014 S.Vagus

Insurers are looking to increase risk in order to fight back trend of low yields Goldman Sachs Asset Management has release its latest annual survey of the insurance industry’s leading Chief Investment Officers and Chief Financial officers. These insurance officials represent organization with more than $6 trillion in global balance sheet assets. The survey is the third of its kind from Goldman Sachs, which aims to release these reports every year for the foreseeable future. Notably, the survey shows that insurers may be willing to take on additional risk in…