Archive for July 2013
Industry-wide life insurance activity continues to drop
Consumers have been reducing their reliance on life insurance policies significantly in the time since the end of the recession, but even repeated economic improvements over the last few years seem not to have served as much of a motivator for many to get back on the horse.
Read MoreStates trying to increase life insurance options for older residents
These days, many older Americans may be having financial difficulties as a result of the recent economic downturn and might therefore experience difficulties with regard to simply meeting their monthly costs. As a consequence, a number of states across the country are now trying to make it easier for them to find solutions to these problems by leaning on their life insurance policies.
Read MoreMost Americans aware of ACA requirements, but uninsured still lack knowledge
The Affordable Care Act's coverage mandate is just months away from going into effect, and while most Americans are fully aware of what's required of them under the legislation, this is not necessarily the case with those lacking insurance.
Read MoreWill life insurers have to start charging higher premiums?
Life insurance companies have had a difficult time maintaining business in the past few years as a result of the economic downturn and many consumers turning away from these products because they viewed them as luxuries rather than necessities. Now, more trouble might be on the horizon, this time in the form of potentially massive regulatory changes.
Read MoreCoastal areas could see more appreciable insurance costs
Following the significant amount of damage done by a number of natural disasters across the country last year, federal lawmakers overhauled the nation's flood insurance program, but that has now led to significant premium hikes for hundreds of thousands of people nationwide.
Read MoreEmployees now moving toward most affordable health insurance options
The economy has certainly helped to shape many consumers' attitudes toward insurance coverage of all kinds. Many are now looking for cut-rate deals on life insurance, or discontinuing it altogether, and likewise now trying to find the most affordable healthcare coverage available to them.
Read MoreThe potential for life settlements growth is high
The future of the life settlements industry seems bright, due to increased regulation and an increased confidence in the underlying asset itself. Through the public becoming much more aware of life settlements and legislators requiring, in some states, that the insurance companies notify insured's about life settlements options, the supply of policies in the life settlements market will hopefully increase.
Read MoreSome employers made job cut decisions prior to ACA delay decision
The decision to delay implementation of the business exchange mandate of the Affordable Care Act was made in part to accommodate government agencies that may have been a little behind schedule, but also to encourage companies to continue their hiring efforts seen in recent months. For a number of businesses nationwide, though, the announcement came a little too late.
Read MoreHealth insurance costs expected to spike under ACA mandate
The Affordable Care Act's controversial coverage mandate goes into effect at the beginning of next year, with enrollment starting in just a few months. Now, another estimate shows that health insurance costs will likely rise under the new law.
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