Category Archives: Insurance

Providing the latest information in the insurance sector.

The most dangerous risks for insurers – a midyear review

Cybercrime tops the list of the most dangerous risks for insurers in Willis Re’s midyear review of issues likely to keep insurance executives up late at night. Specifically, the most omnipresent cybersecurity problems to date are Meltdown and Spectre, two hardware vulnerabilities built into the chips of almost every server, computer and mobile device. Not far behind is the… Read More »

What a driverless future means for auto insurance

The American public is skeptical about giving up control of their cars’ steering wheels. Despite the enthusiasm with which autonomous vehicles (AV) are being developed by auto manufacturers and technology companies, recent polls, including this one, showed that few drivers are interested in giving up control of their cars despite the potential safety and time-saving benefits.… Read More »

Increase in owner-occupied homes leads to growing insurance exposures

For a dozen years – from 2004 through 2016 – the number of owner-occupied homes in the U.S. was virtually unchanged at about 75 million, even though the population grew by more than 30 million during that time span. In the same period, the number of renter-occupied residences spiked – from about 33 million to… Read More »

HHS Rule on Short-Term Health Insurance

The U.S. Department of Health and Human Services has released its final rule increasing the maximum duration of short-term, limited-duration insurance (STLDI) from 90 days to one year. NAIFA has advocated for this change in conversations with HHS officials and a comment letter submitted during the rule-making process. STLDI plans provide consumers with temporary, basic, affordable health insurance coverage,… Read More »

Many Americans Are Not on Track to Meet Retirement Goals

Ideally, American workers would like to retire at age 61, according to a new Bankrate survey of American adults. This may be an overly ambitious goal, considering that the average life expectancy in the United States is approaching 80 years and the majority of workers are not on pace to accumulate savings to cover nearly 20 years… Read More »

Top 5 big insurance pay outs

Find out why Rowan Atkinson was extremely grateful he had insurance in place when you discover some of the most expensive insurance claims ever paid out. Some of the biggest insurance claims of all time revealed Sadly, but not surprisingly, the largest insurance claims follow catastrophes and natural disasters. For example, claims following Hurricane Katrina… Read More »

Cyber insurance

Cyber insurance The internet – a modern day necessity for businesses and individuals – has given rise to a cyber-crime industry that is expected to cost the world $6 trillion by 2021 [1]. Insurers have been slow to react to the growing threats created by the internet, but cyber insurance is now readily available to… Read More »