0:07
this is Steven Vegas with live insurance
0:09
news com bringing you the major
0:11
headlines from this weekend insurance
0:13
news auto insurance customer
0:15
satisfaction falls in the US according
0:18
to a study from JD Power and Associates
0:19
customer satisfaction with auto
0:21
insurance in the US has fallen over the
0:23
past year the study shows the customer
0:26
satisfaction is down in policy offerings
0:28
price interaction claims and billing the
0:32
largest II clients and customer
0:33
satisfaction have to do with the policy
0:35
options that consumers have when it
0:37
comes to auto insurance coverage
0:39
homeowners insurance providers fleeing
0:41
New York markets New York officials are
0:44
beginning to voice concerns regarding
0:45
homeowners insurance companies leaving
0:48
certain parts of the state some
0:50
insurance companies including all state
0:52
and State Farm have been limiting their
0:54
presence in certain markets such as Long
0:56
Island this trend is being attributed to
0:59
the impact of Hurricane sandy which
1:01
caused significant problems for the
1:02
state's insurance companies many of whom
1:04
have yet to fully recover from the
1:06
catastrophe life insurance companies in
1:09
Asia are being snatched up by Japan
1:11
several wealthy Japanese financial firms
1:14
have been showing strong interest in the
1:16
life insurance sector of Southeast Asia
1:19
while total mergers and acquisitions
1:21
coming from Japanese companies in the
1:23
sector have fallen since 2012 these
1:26
firms have been showing aggressive
1:27
interest in a very specific market the
1:30
life insurance sector of Southeast Asia
1:32
has been inundated with Japanese
1:34
companies that have expressed interest
1:36
in merging with insurers or acquiring
1:38
them outright health insurance exchange
1:41
campaign launched by the HHS the US
1:45
Department of Health and Human Services
1:47
has launched an aggressive new campaign
1:49
to help raise awareness about health
1:50
insurance exchanges throughout the
1:52
country the campaign is meant to inform
1:54
consumers throughout the country about
1:56
these exchanges and the types of
1:57
coverage that they offer from
1:59
october2013 to March 2014 the HHS plans
2:03
to enroll more than seven million people
2:06
into health insurance exchanges
2:07
throughout the country homeowners
2:09
insurance and Florida become more
2:11
expensive for the citizens property
2:13
insurance has been making moves during
2:15
Reese the cost of homeowners insurance
2:17
throughout the state the state-run
2:19
insurer plans to raise rates in order to
2:21
encourage consumers to find coverage
2:23
elsewhere while also addressing its own
2:26
financial issues by your rates could be
2:28
an increase of as much as four hundred
2:30
dollars annually for some homeowners in
2:32
the state that's it for this week's news
2:34
roundup be sure to visit live insurance
2:36
news com for active coverage of the
2:38
issues that matter to you