Live Insurance News

Insurance news from Canada shows Insurers among “best corporate citizens”

June 11, 2013June 10, 2013 Julie Campbell

Several companies were ranked among the leaders on a list of the top corporate citizens in the country. The official insurance news list of the fifty companies that made the 2013 Best Corporate Citizens in Canada has now been released by Corporate Knights magazine, which looks at a number of different factors as it establishes its ranks every year. This year, the ranks included a number of insurers for their high performances in the various areas. In order to make this insurance news 12 different sustainability metrics are scored on…

Insurance news looks good for the industry’s profitability

June 7, 2013June 5, 2013 H. Cutner

India’s insurers have fared quite well over the last quarter, even in the case of life products. The latest insurance news that has been released from India has shown that the industry has done better than expected in terms of its profitability, including the life sector, which had been experiencing a slowdown in its collection of new business premiums. The industry has been struggling under the widespread economic challenges and low penetration in the country. However, the most recent insurance news appears to be showing that the industry in the…

Life insurance customers in India pay 56 percent more if they smoke

June 5, 2013June 3, 2013 G. Turner

Non-smokers in the country pay less than half than their counterparts do within that country. The research from Aviva Life Insurance in India has revealed that when a 10 year term plan is purchased by a smoker in India, he or she pays 56 percent more than his or her nonsmoking counterparts. This is because the habit has been identified as increasing a large number of health risks among policyholders. Term plans are the form where only the life insurance amount is paid at the time of a policyholder’s death…

International insurance news is coming from Nigeria with its health coverage

April 30, 2013April 29, 2013 H. Cutner

The country expects that its healthcare plan will be providing its residents with coverage by 2015. According to the latest international insurance news announcement from Nigeria, the new healthcare system will have been created and implemented across the entire country by 2015. The system is designed to run on a community level and is meant to provide everybody with coverage. According to the acting National Health Insurance Scheme (NHIS) secretary, Dr. Abdulrahman Sambo, the Community Based Social Health Insurance Scheme will be effective across all of Nigeria by 2015. This…

Holocaust Insurance Act in the United States opposed by many Dutch insurers

April 23, 2013April 22, 2013 Julie Campbell

Jewish Families: Holocaust insurance act

Several companies are currently lobbying against the passing of the law in American Congress. A number of Dutch insurers have been fervently and determinedly lobbying U.S. Congress in order to discourage them from passing the Holocaust Insurance Accountability Act. According to recent reports, some of the largest insurers have joined together in this effort. The Dutch companies that are working together include ING, Aegon, and the Dutch Association of Insurers, among others. According to De Telegraaf, a daily newspaper in Amsterdam, they have “lobbied jointly dozens of times” against a…

Insurance fraud by fake agents targeted by firms

April 22, 2013April 30, 2013

The industry in India is fed up with the number of pretenders who are giving legitimate companies a bad name. One of the most frustrating struggles faced by firms in India is the insurance fraud occurring as a result of fake agents pretending that they are selling real policies to unsuspecting consumers. The industry is now fighting back by becoming very active in battling this issue alongside the authorities. The Insurance Regulatory and Development Authority (IRDA) has been issuing occasional recommendations regarding what can be done to help to battle…

Off road vehicle insurance sought by ATV Federation in Canada

April 5, 2013April 3, 2013 Julie Campbell

The organization is hoping to make coverage mandatory in all of the Maritime provinces. The ATV Federation is made a call to have required off road vehicle insurance for all drivers of these machines, throughout each of the Maritime provinces in Canada, by the end of the year. At the moment, only Prince Edward Island has failed to implement this type of regulation for ATV drivers. This would require the drivers of all terrain vehicles in every Maritime province – including P.E.I. – to have to begin shopping for coverage,…