Insurance News

Posts Tagged ‘Consumers

Chester, UK, February 24, 2011 (Insurance Headlines) February 25, 2011– Consumers with high interest-bearing debts can find relief by consolidating their balances to MBNA?s exclusive online credit card and enjoy a lower long-term rate.

The MBNA Rate for Life credit card offers a promotional rate of 5.9% and a low handling fee of 1.5% on all balance transfers and money transfers made within the first 60 days of opening an account, and Read the rest of this entry »

The role of government in the American insurance market increased in 2008, according to a 50-state study released by two conservative think tanks.

“For every free-market reform, a regulatory setback increased government intervention in many states,” concluded the report by the Washington-based Competitive Enterprise Institute and the Heartland Institute in Chicago.

Their study examined whether American consumers could buy the Read the rest of this entry »

Three-quarters of U.S. consumers prefer buying insurance products through agents and other trusted sources, but younger and higher-income consumers are more inclined to purchase products via the Web than through an agent and are more inclined to switch insurers, according to findings of a survey of more than 1,000 U.S. consumers conducted by Burmuda-based Accenture.

Accenture commissioned a survey of 1,005 citizens at least 18 years of Read the rest of this entry »

The April 13 “Final Say” by Gregory Squires (“Insurers Pile On To Consumer Hardships”)—about the use of education, employment status, credit and other insurance rating factors—is wrong on the facts and wrong on sound policy regarding risk classification. There are, however, a few areas of potential agreement that we would like to pursue.

Despite his statement that “the issue is NOT” about risk- and cost-based pricing, his Read the rest of this entry »

WASHINGTON ? The National Association of Mutual Insurance Companies (NAMIC) voiced its opposition to new legislation creating a federal Office of National Insurance introduced today by Reps. Melissa Bean, D-Ill., and Ed Royce, R-Calif.

The proposal would create within the U.S. Treasury Department an ONI with the authority to organize, incorporate, operate, regulate, and supervise national insurers, agencies, and producers. This new office Read the rest of this entry »