Published by: Zachary Thompson on June 14th, 2013
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Liberty International Underwriters (LIU) will provide CloudInsure clients with an insurance platform designed to address the risks associated with cloud computing technologies. CloudInsure is a cloud insurance platform for emerging privacy and security risks within the cloud environment.
CloudInsure says its underwriting models and proprietary analytics allow the new LIU cloud insurance platform to distinguish the company as the first primary insurance carrier to offer both insurance capacity and coverage tailored to users of cloud computing network environments.
CloudInsure adds that, through LIU, its clients will have access to insurance protection for the data being stored in the cloud.
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Published by: Elizabeth Rodriguez on June 13th, 2013
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One good way to get health insurance you can afford is by getting it through your employer. If this is not an option, however, you can get affordable insurance by purchasing just basic coverage or by paying more out of pocket. Because of rising medical costs, it is difficult to find affordable health insurance without sacrificing certain medical coverage.
Use the FREE search tool by entering in your ZIP code seeing what health insurance plans you can choose from now!
Health insurance can be very confusing because of the different terms and varying options. When you are looking for an affordable plan you need to pay extra attention to the policy so that you understand exactly what you are signing up for.
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Published by: Barry Grilz on June 13th, 2013
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A recent survey by LIMRA which questioned 70 life insurance industry leaders on how they view sales of insurance products over the coming year showed that the majority felt overall life insurance sales will remain unchanged. 68% of executives believed that sales of group life insurance will not rise during 2011.
According to Robert Baranoff, the Senior Vice President of LIMRA, “Generally speaking, significant growth in life insurance sales is driven by new products in the market” and that “While overall sales may not substantially grow in 2011, LIMRA predicts that certain products will stand out in this low-interest environment.”
Around a third of the life insurers said they believed that the insurance products with the best potential for growth were those which are indexed, with low interest rates making them a better investment for producers. The next best life insurance products were predicted to be whole life policies – 27% of execs felt these would show some growth in 2011.
One area which life insurance companies are currently attempting to target is the so-called middle market. The amount
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Published by: Ashley White on June 13th, 2013
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Australian IT experts are developing a disaster management platform that will help companies and agencies improve mitigation and responses.
The University of Melbourne, IBM and technology researcher National ICT have joined forces on the Australia Disaster Management Platform (ADMP), which will allow real-time, easily accessible information on catastrophes.
ADMP Organisation Director and Academic Leader Abbas Rajabifard told insuranceNEWS.com.au the aim is to come up with a platform “with improved technical processes to connect entities and thus better manage disasters”.
The open-standards platform is expected to address management problems that arise from emergency services and other stakeholders using incompatible systems.
Professor Rajabifard says it will focus on all phases of disaster management – preparedness, mitigation, response and recovery.
However, an emphasis on preparation will benefit both insurers and policyholders, he says.
“Our aim is to better facilitate preparedness, with the result that people and communities are more protected and fewer claims will arise.
“It means we’re doing more than just waiting to react – we’re being proactive.”
The platform will be accessible from channels including mobile phones and tablets. Users will be abl
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Published by: Erin Miller on June 12th, 2013
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Monday’s Superstorm Sandy Seminar for Public Insurance Adjusters had some very interesting discussions involving the fine details of adjustment. One of those had to do with the costs of supervision and whether those should be part of general contractor overhead and profit.
The insurance industry, through its estimating program Xactimate agrees that job related direct supervision is not included in General Contractor overhead and profit. It should be a line item cost:
General Overhead are expenses incurred by a General Contractor, that cannot be attributed to individual projects, and include any and all expenses necessary for the General Contractor to operate their business.
Job-Related Overhead are expenses that can be attributed to a project, but cannot be attributed to a specific task and include any and all necessary expenses to complete the project other than direct materials and labor.
Keep this in mind next time when making estimates of building construction costs.
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Published by: Christine Brown on June 11th, 2013
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Here is one more sign that the motorcycle helmet law repeal last year was a senseless piece of legislation. Last year, Michigan Gov. Rick Snyder capitulated to a small but vocal special interest group, and he was willing to overlook the dramatic increase in people being killed, people being injured, and the cost for taxpayers increasing as a result of the helmet law repeal.
Now, motorcycle accident insurance claims have dramatically spiked after Gov. Rick Snyders helmet law repeal in April 2012, according to a study of Michigan motorcycle accidents by the Highway Loss Data Institute, which is part of the Insurance Institute of Highway Safety.
The study pointed to a 36 percent increase in the severity of injury claims. A
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Published by: Barry Grilz on June 10th, 2013
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Folks undergoing heart treatments who also suffer from low blood pressure may be at risk for further complications, according to a new study conducted at the VU University Medical Center in Amsterdam.
Researchers involved with the process say that the results, if clarified by later examination, could indicate the need for more advanced care for heart patients at risk of cognitive decay. Diseases such as Alzheimers and other forms of dementia have been connected to lower blood pressure in the past, but this is one of the first times that a clinical study has established a relationship between the two.
“Our data might suggest that patients with cardiovascular disease represent a subgroup within the general population in whom low diastolic blood pressure might be harmful,” Dr.
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