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Insurance industry statisticians tell Fox News the industry is on the brink

INSURANCE industry recruiter: Insurers have more people looking for jobs in 2016 than they have in the entire past decade, according to a new report.The industry is at “peak” in recruiting in 2016, according the latest National Employers Survey, and recruiting for jobs is a top priority for many employers.It’s a situation that is exacerbated […]

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When will Canadians pay their premiums?

Insurance industry statistics show a steadily rising number of Canadians are paying their premiums, but that the average premium is still well below the average in the U.S. and other developed countries.The average U.K. household pays £1,814 ($2,664) a year, but the average Canadian household pays $1,946 ($2.21).The average average U-S.household spends $3,739 ($4,942) a […]

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What do you think about insurance companies suing over Obamacare?

A federal appeals court has ruled that the Affordable Care Act does not violate the U.S. Constitution’s ban on private businesses suing the government for a public purpose.The 3-2 decision by the 10th U.P.C. panel of the Supreme Court on Monday upheld a lower court ruling in a case brought by insurance companies against the […]

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Which will become the next US health insurance industry to make history?

A new report has forecast that the insurance industry will make history in 2019, becoming the first in the world to become an independent, publicly owned and accountable entity.The report, from the consulting firm McKinsey & Co, suggests that the US healthcare sector will have become a truly independent, transparent and accountable enterprise in 2019.The […]

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Which companies are the biggest employers in the Indian insurance industry?

The largest companies in the global insurance industry have been growing steadily over the last decade, and have become more important to the Indian economy, as the number of workers in the industry has been growing rapidly over the past two decades.According to data released by the World Bank, the world’s largest insurance industry is […]

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What is the ‘death spiral’ of the health insurance industry?

Health insurance companies are losing billions of dollars a year because of the government’s new rules to cap health spending and provide coverage to everyone.The industry is already struggling financially and the new plan would add even more pressure.But what is the death spiral for the industry?An industry expert says the insurance industry’s bottom line […]

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When you don’t trust the insurance industry statisticians, you should start believing them

A new study suggests that the insurance business is a lot less trustworthy than you might think.According to a report from the insurance company Accenture, about 90 percent of companies surveyed were unable to predict the future, and only 12 percent were able to provide accurate forecasts for the next 12 months.The study also found […]

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U.S. economy continues strong despite latest healthcare costs and budget cuts,but jobs numbers are down

AUGUSTA, Ga.— The U.N. body overseeing global health, which monitors health-care costs around the world, said on Tuesday that its latest report showed the United States continued to be the world’s leading health care consumer despite rising health care costs and a $2.3 trillion budget deficit.The International Monetary Fund said the U.K. and France are […]

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How many jobs were lost to automation in 2016

An article about the employment losses in the US insurance industry from the Bureau of Labor Statistics.The number of US jobs lost to automated machines is higher than the number of jobs lost in the coal industry, according to a report released Tuesday.The unemployment rate fell to 5.3% from 5.8% in November, and is the […]

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How the Insurers’ Industry is Struggling to Reach Its Goals

The Insurance Industry is struggling to reach its goals to protect its customers and to keep them healthy.In a new report by the Insurance Information Institute (III), the industry is projected to spend about $11.5 trillion in the next decade to cover the costs of covering those who have pre-existing conditions.That’s up about 8% from […]

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