Live Insurance News

Nevada health insurance co-op proves successful

April 3, 2014April 12, 2014 Marc

Nevada health insurance commissioner State Legislature Building

Co-op manages to find success where similar initiatives have failed As the open enrollment period for health insurance exchanges ends, there has been an unexpected victory in Nevada. The Nevada Health Co-Op was one of 24 consumer oriented and operated insurance carriers to be launched by the Affordable Care Act. These co-ops are designed to be non-profit organizations that provide consumers with public insurance options. The insurer has only been operating since the fall of 2013, but has managed to account for over a third of the state’s insurance enrollments…

Insurance market has appointed its first female CEO

December 20, 2013December 17, 2013 H. Cutner

Inside Look at Lloyds of London Office insurance market

Lloyds of London has announced that Inga Beale will be taking the new top spot after Ward steps down. The giant insurance market, Lloyd’s of London has just announced the appointment of the first female chief executive in the history of the company, who will be replacing the current CEO who had announced in July that he would be stepping down from that position. The position of CEO will be taken on by Inga Beale in January 2014, according to a statement from the company. Ahead of her appointment to…

Insurance news made by Mayor of London

June 27, 2013June 25, 2013 G. Turner

Boris Johnson made a speech in which he identified the industry as “crucial” to the U.K. economy. The Mayor of London, Boris Johnson, spoke in front of an audience primarily made up of Lloyd’s market participants and made insurance news by underscoring the critical role that is played by the market in the economy of London. He also pointed out that there is a need to boost international investment in the city. Johnson spoke within the historic Underwriting Room alongside John Nelson, the chairman of Lloyd’s. Together, the insurance news…

Health insurance subsidized by employers is becoming steady

February 25, 2013February 25, 2013 G. Turner

The rate of employees receiving coverage through their employers is starting to even out. According to the results of a survey that were released on Friday, less than half of American adults were taking part in a health insurance plan through their employers last year. The survey showed that the market is now indicating that it is stabilizing after a period of solid decline. Though workers haven’t reached the point where even half of them are able to receive their health insurance coverage through their employers, after three solid years…

Insurance industry in Azerbaijan predicts considerable growth this year

February 6, 2013April 30, 2013

The market in the Eurasian country is expected to grow by 15 to 20 percent in 2013. According to a statement that was issued by Namiq Khalilov, the head of the State Service for Insurance Control of the Azerbaijan Finance Ministry, the insurance industry in the country is expected to experience considerable growth again this year. He explained that it should grow by another 15 to 20 percent in 2013 alone. Khalilov feels that the insurance industry in Azerbaijan will continue this growth, regardless of the fact that it already…

Insurance market in Canada deemed stable for this year

February 1, 2013April 30, 2013

At the same time, a Marsh outlook report predicts possible rate increases in the third or fourth quarter. According to a new outlook report issued by Marsh, the Canadian insurance market should continue to remain stable throughout 2013, though the second half of the year may bring about some modest increases in the rates. Overall, the industry in Canada performed better than other markets last year, said the report. This data was provided in the Marsh document called the Canada Insurance Market Report 2013, which offered a breakdown of the…

Thai floods: One year later

October 4, 2012October 4, 2012 S.Vagus

Lloyd’s of London analysts examine impact of Thai floods Just over a year ago, severe flooding in Thailand caused by a powerful and unforgiving monsoon season caused havoc in Bangkok and other cities throughout the country. Analysts from Lloyd’s of London have come together to examine the effects that the Thai floods had on the insurance industry and the country. The floods produced some $45.7 billion in damages, $12 billion of which was shouldered by insurance and reinsurance companies that operate in the country. Lloyd’s of London itself accounted for…