Live Insurance News

2025: A New Era for Global Insurance Trends

January 3, 2025January 3, 2025 John Bowers

The insurance industry has seen significant innovation in modeling techniques and tools in recent years, driven by a surge of new regulations, standards, and technologies. A wave of new regulations and standards in the insurance industry, coupled with innovative developments in the technologies that underpin the insurance ecosystem, have radically altered the landscape for both carriers and their technology providers. With multiple new complex demands placed upon actuarial, finance and IT teams as a result, implementing these new requirements has led to comprehensive overhauls in insurance accounting practices, approaches and…

Long term care insurance requires some significant changes to boost its caring

October 19, 2012April 30, 2013

Long Term Care Insurance cost for women gender

The Kaiser Family Foundation has released an article making suggestions to change the sector. In an article entitled “Putting The ‘Care’ Into Long Term Care Insurance”, the Kaiser Family Foundation posted on its news site that the sector of coverage is creating too much of a struggle for those it covers, and that changes need to be made in order to resolve these issues. According to the organization, the coverage has a lot to offer, but it is still very hard on its customers. As a lead in to its…

New regulations take effect in California, drawing the ire of the state’s insurance companies

July 5, 2011 Nordstrom

New homeowner’s insurance regulations have taken effect in California. According to Insurance Commissioner Dave Jones, the new regulations will offer new protections to consumers against being under insured. Part of the aim of the new regulations is to improve upon the state’s standard regarding natural disasters and catastrophic damage to homes. Furthermore, homeowners will no longer be able to purchase “too little” coverage, as the new regulations mandate a minimum level of insurance coverage based upon the property being insured. The regulations have ruffled the feathers of the Association of…