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this is Stephen Vegas with live
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insurance news.com bringing you the
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major headlines from this weekend
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insurance news insurance news from the
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UK reveals investigation plans from
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regulating the financial conduct
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authority has begun an investigation
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into UK insurance groups concerning
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their competitive capabilities in the
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market the FCA aims to investigate areas
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including claims management coverage for
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mobile devices and the costs associated
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with automatic policy renewals the
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investigation is meant to help insurers
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become more competitive in the market as
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well as address some of the
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controversial issues that have been
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hovering around the insurance industry
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in the United Kingdom commercial
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insurance rates are on the rise in the
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US data from market scout shows the
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commercial insurance rates have risen
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for the fourth consecutive month this
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year natural disasters and business
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issues are being cited as the reasons
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behind the steady increase in rates
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despite increasing rates market scouts
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suggest that the commercial insurance
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market of country is quite stable flood
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insurance claims set to spike after mass
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flooding in Toronto Canada torrential
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rainfall has caused rampant flooding in
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Toronto Canada which is sparked a sharp
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increase and claims coming from
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homeowners and businesses the floods
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have displaced thousands of homeowners
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and have left more than 70,000 people
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without electricity for an extended
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period of time the Insurance Bureau of
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Canada expects that the majority of the
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claims coming from these floods will be
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associated with interruption of business
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homeowners insurance claims to be
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revisited in wake of Calgary floods
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floods have become a major issue for the
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City of Calgary in Alberta Canada where
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powerful storms have caused heavy
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rainfall recently heavy rainfall has
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caused local rivers to swell beyond
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their banks affecting thousands of
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homeowners and several businesses many
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insurance companies have denied claims
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associated with the floods but some have
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announced that they will revisit these
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claims due to the concerns coming
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consumers new health insurance
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regulations introduce changes to the
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Affordable Care Act the Obama
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administration has issued new
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regulations concerning the Affordable
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Care Act which will relax the federal
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laws provisions concerning health
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insurance exchanges the new regulations
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make the income requirements for
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subsidized coverage more lenient and in
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some cases postponed such requirements
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until 2015 new regulations are being
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marketed by the department of health and
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human services in order to ensure the
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consumers understand how the Affordable
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Care Act is changing that's it for this
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week's news roundup be sure to visit
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live insurance newscom for active
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coverage of the issues that matter to
