Live Insurance News

Mobile auto insurance honor handed to GEICO

December 13, 2013December 10, 2013 H. Cutner

An independent research firm has said that the insurer’s smartphone functionality tops the ranks. According to Forrester Research, when it comes to mobile auto insurance functionality, GEICO is leading the way in the industry and is providing the best overall customer experience. Considering the importance of smartphones and cell phones in our lives, this is an important statement. The November 2013 report has been released by Forrester Research to include their 2013 U.S. Mobile Insurance Functionality Rankings. They determined that when it came to the performance of mobile auto insurance…

Deposit insurance fund may soon be coming to China

December 12, 2013December 9, 2013 H. Cutner

The central bank in the country could be assembling this fund as soon as 2014. As a step toward the establishment of an independent deposit insurance company, the central bank in China will likely be assembling a fund of that nature within the next year so that it will be prepared to provide the necessary coverage when its new product arm is ready to launch Although this action has yet to be officially confirmed, the news has been leaked by several unnamed sources. These sources, close to the central bank,…

New York auto insurance rates vary widely throughout the state

December 9, 2013December 7, 2013 H. Cutner

A new report has been released to identify the five most expensive counties in which to purchase coverage. The release of a new report has now underscored the point for New York auto insurance customers that a driver’s zip code will make a considerable impact on the amount that will be paid in premiums. In fact, the county in which a motorist lives could nearly quadruple the cost of coverage. This state has the third greatest population in the U.S. Out of the total estimated population in the state, which…

Travel insurance isn’t always practical, says National Consumers League

December 5, 2013December 2, 2013 H. Cutner

The group has released a statement that the protection does not always make sense. According to the National Consumers League, a group that has been in existence for 114 years, the way that the industry functions has designed travel insurance in a way that it is typically not a good deal for travelers. They have pointed out that there are far too many exceptions to make the coverage worthwhile for most people. The consumer group has pointed out that travel insurance policies are filled with different kinds of exceptions that…

Flood insurance rates battle now includes another state

December 3, 2013November 30, 2013 H. Cutner

Mississippi has been trying to combat the federal plans to boost the price of coverage. The intentions to increase federal flood insurance rates is currently being challenged by Mississippi, and that state is far from being alone as Louisiana, its neighbor, has now joined the others in this legal action to try to keep the cost at an affordable level. The original lawsuit was filed by Mississippi in an attempt to stop increases at the start of October. The National Flood Insurance Program (NFIP) had announced that premiums for most…