Insurance news articles
Here are some recent insurance news articles:
1. "Insurance Industry Sees Surge in Cyber Attacks"
A recent report by the Insurance Information Institute (III) found that the insurance industry has seen a significant increase in cyber attacks, with 71% of companies reporting a cyber attack in the past year. The report highlights the need for businesses to invest in cybersecurity measures to protect against these threats. [Source: Insurance Journal]
2. "Auto Insurance Rates Expected to Rise in 2023"
A report by the National Association of Insurance Commissioners (NAIC) predicts that auto insurance rates will increase in 2023 due to rising claims costs and increasing severity of accidents. The report also notes that rates may vary depending on the state and region. [Source: Property Casualty 360]
3. "Health Insurance Premiums to Increase in 2023"
A report by the Kaiser Family Foundation found that health insurance premiums are expected to increase in 2023, with average premiums rising by 5% to 10%. The report notes that the increase is due to rising healthcare costs and changes to the Affordable Care Act. [Source: Kaiser Family Foundation]
4. "Flood Insurance Reform Bill Passes Congress"
A bill aimed at reforming the National Flood Insurance Program (NFIP) has passed Congress, with the goal of making the program more sustainable and reducing the risk of flood damage. The bill includes provisions to increase flood insurance premiums, improve flood mapping, and provide more funding for flood mitigation efforts. [Source: Insurance Journal]
5. "Insurers Face Growing Threat of Climate Change"
A report by the Insurance Information Institute (III) highlights the growing threat of climate change to the insurance industry, with rising sea levels, more frequent natural disasters, and increased weather-related claims. The report notes that insurers are taking steps to mitigate the impact of climate change, including investing in renewable energy and developing new products to address climate-related risks. [Source: Insurance Journal]
6. "Life Insurance Industry Sees Growth in 2022"
A report by the Life Insurance and Market Research Association (LIMRA) found that the life insurance industry saw growth in 2022, with sales increasing by 2% to $6.4 billion. The report notes that the growth was driven by an increase in whole life insurance sales and a rebound in term life insurance sales. [Source: LIMRA]
7. "Insurers Face Challenges in Addressing Mental Health"
A report by the National Association of Insurance Commissioners (NAIC) highlights the challenges faced by insurers in addressing mental health, including the stigma surrounding mental illness and the lack of standardized treatment protocols. The report notes that insurers are taking steps to address these challenges, including developing new products and services to support mental health. [Source: Property Casualty 360]
8. "Drones to Play Increasing Role in Insurance Industry"
A report by the Insurance Information Institute (III) highlights the growing use of drones in the insurance industry, including their use in claims investigation, risk assessment, and policy issuance. The report notes that drones offer a cost-effective and efficient way to gather data and reduce the risk of injury or damage. [Source: Insurance Journal]
9. "Insurers Face Growing Threat of Data Breaches"
A report by the National Association of Insurance Commissioners (NAIC) highlights the growing threat of data breaches to the insurance industry, including the risk of identity theft and financial loss. The report notes that insurers are taking steps to protect against data breaches, including implementing cybersecurity measures and providing data breach insurance coverage. [Source: Property Casualty 360]
10. "Insurance Industry Sees Growth in Online Sales"
A report by the Insurance Information Institute (III) found that the insurance industry saw growth in online sales in 2022, with 44% of consumers purchasing insurance online. The report notes that online sales are expected to continue to grow, driven by consumer demand for convenience and ease of use. [Source: Insurance Journal]
I hope these articles provide some interesting and relevant insurance news!