Flood Insurance Program Nearly Underwater and Drowning In Red Ink

Flood Insurance Program Nearly Underwater and Drowning In Red Ink

Flood insurance in America is under scrutiny, and most of the effort is aimed at dealing with what the federal government calls the “severe repetitive loss property.” Those are homes which have cost taxpayers cumulative payouts which exceeding what those structures are actually worth – and often by many thousands of dollars. It’s thought that across the nation there are more than 11,000 properties – mostly in coastal or low-lying areas – which are under…

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The Reasons You Were Declined After Your Life Insurance Application

The Reasons You Were Declined After Your Life Insurance Application

Not all insurance companies think the same way when it comes to risks in insuring you for the future. Guaranteed life is available today without a medical exam for those who have health concerns. However, if you are in the process of purchasing a policy and are preparing for an exam, the following can result in a declined or postponed life insurance application, meaning they will look at your application again if the problem is…

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When Chatbots Turn Ugly – the Story of Tay and How Insurtech Could Go So Very Wrong

When Chatbots Turn Ugly – the Story of Tay and How Insurtech Could Go So Very Wrong

Would you buy your life insurance from a profane, insane, hateful conspiracy-spouting teenaged chatbot? Probably not, unless you’re into that sort of stuff. With more and more insurers embracing insurtech solutions and implementing ‘chatbots’ to market their policies to customers, the potential for things to take a horrific turn into the Twilight Zone ramps up as well. As a particularly bizarre example, consider the experience of software giant Microsoft. Late last year the company introduced…

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How Non U.S. Residents Can Buy Life Insurance From US Companies

How Non U.S. Residents Can Buy Life Insurance From US Companies

People all over the world have been seeking life insurance coverage from U.S. based life insurance companies due to the strong reputation these companies possess – along with very competitive prices. So is it possible for you to get covered even though you’re a foreign national or a non-U.S. resident? The answer is yes, but the process generally takes longer to complete. Before discussing how a non-U.S. resident can get life insurance, it is important…

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Adapting to Digital Services in the Life Insurance Industry

Adapting to Digital Services in the Life Insurance Industry

According to Market Insight Adaptability consumers are expecting the insurance industry to provide real-time service using technologies such as click to chat or click to call features while using smartphones and tablets. The days of customers having only the options of meeting face to face with producers or using the telephone, fax or email to interact are quickly fading. The first phase of business began with insurance owners using the phone book, newspapers and participation…

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