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http://www.liveinsurancenews.com/ - For today's top insurance news headlines March 20 - European insurance industry sees major promise in the east, Cyber insurance became increasingly popular last year, Largest auto insurance scam in the U.K. uncovered, Health insurance exchange plans up for review in Washington DC, Health insurance survey shows struggles among New Hampshire residents.
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this is Steven Vegas with live insurance
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news.com bringing you the major
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headlines from this weekend insurance
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news the European insurance industry C's
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major promise in the east prudential the
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largest insurer in Europe claims that
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the best investments that the insurance
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industry can make are in Asia Prudential
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notes that the Chinese insurance market
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is expected to grow by five to ten
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percent over the coming year aviva
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another large insurer in Europe suggests
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that some parts of Europe show the same
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potential for the insurance industry as
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Asian markets do countries like Poland
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and Turkey are showing strong valuations
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and certain insurance sectors because of
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a growing middle class cyber insurance
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became increasingly popular last year a
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report issued by marsh incorporated
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shows that the demand for cyber
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liability insurance increased as a
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growing number of businesses purchased
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this protection over the past year the
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number of clients that took out cyber
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insurance last year increased by thirty
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three percent over the levels they had
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been in 2011 among the reasons that
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companies are purchasing cyber insurance
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at such a high rate has to do with the
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number of highly visible and publicize
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data breaches that have occurred among
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very large organizations the largest
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auto insurance scam in the UK has been
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uncovered UK police have linked 60
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people with a massive fraudulent claim
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program which is among the largest in
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the country's history fraud uncovered by
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a massive investigation codenamed
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Operation nacho involved the
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participation of several agencies
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including the insurance fraud Bureau
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during the investigation 1800 accidents
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that had been handled by two specific
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insurance firms were examined among them
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there were immediately 261 claims that
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were flagged as suspicious health
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insurance exchange plans are up for
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review in Washington DC this week the DC
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Health Benefit Exchange Authority
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reiterated it was committed to
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establishing a working health insurance
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exchange in Washington DC under current
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law all small businesses in
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to DC must purchase coverage through the
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region's health insurance exchange when
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open enrollment begins in October of
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this year small business owners have
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raised concerns regarding this law
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suggesting that the financial
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implications of such a requirement are
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too serious to ignore DC lawmakers are
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considering delaying the mandatory
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purchase of health insurance for some
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small businesses until 2016 a health
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insurance survey shows struggles among
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New Hampshire residents a recent survey
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has shown that the vast majority of
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residents in New Hampshire either don't
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understand the changes of the Affordable
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Care Act or are completely unaware that
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they are going to occur the survey
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discovered that many of these residents
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are completely unaware of the fact that
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a health insurance exchange is going to
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be created in the state voices of health
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policy director Lisa Kaplan how notes
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that those that live in the bubble of
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hearing about the insurance exchange all
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the time forget that the vast majority
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of people in the state know very little
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about it that's it for this week's news
3:14
roundup be sure to visit live insurance
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news com or active coverage of the
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issues that matter to you
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