Live Insurance News

Bitcoin insurance arrives at Mitsui Sumitomo

November 29, 2016November 25, 2016 Marc

The Japanese insurer has announced a new product line providing coverage for domestic cryptocurrency. Mitsui Sumitomo, an insurer from Japan, has announced the launch of a line of Bitcoin insurance products. The goal is to provide coverage for the domestic cryptocurrency market. These types of digital currency are providing new opportunities for markets and conventional businesses in the country. The insurance industry has been seeing a considerable boost in demand as a result of Bitcoin-like currencies. Mitsui Sumitomo clearly intends to ensure it will not miss opportunities in these areas.…

Anthem health insurance policies with reduced coverage receive approval

November 17, 2016November 16, 2016 Marc

A judge has given the nod to allow the insurer to move forward with a plan offering no out of network care coverage. Anthem health insurance has been allowed to continue selling a California health plan that doesn’t offer out of network care coverage. A judge gave the ruling that stopped Anthem Blue Cross from being restrained from switching half a million Californians to the plan. A consumer group requested that the judge keep a restraining order in place to stop Anthem from making the switches. The restraint would have…

Auto insurance discounts from new safety features are few and far between

November 11, 2016November 9, 2016 Marc

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Automakers are continually adding safety features to their models but this isn’t making coverage cheaper. Every year, vehicles have a new list of safety features, but they don’t appear to be reflected in auto insurance discounts. A handful of years ago, the devices commonplace in the latest models didn’t even exist. In theory, these are making cars safer. Yet insurance companies are not reflecting that safety boost in the premiums charged for coverage. Many consumers are now asking why they’re not paying less when they own far safer vehicles. The…

Pet insurance policies are increasingly commonplace as employee benefits

November 4, 2016November 2, 2016 Marc

Employers are seeking to draw younger talent by offering them unique additional forms of coverage. Companies that are looking for the best talent find themselves facing a great deal of competition and pet insurance policies are often used to help them to shine above rivals. Today’s younger workers don’t necessarily want the same benefits as those ten years or a generation older. Health insurance isn’t covering as much but plans with more coverage are very expensive for businesses. Over the next month, many companies are adding other types of benefits…

Allstate Insurance gathers supplies for North Carolina flood victims

October 27, 2016October 24, 2016 Marc

The massive insurer has been working to provide help to uninsured people affected by rising water. Allstate Insurance has been working to assist its North Carolina policyholders who were victims of Hurricane Matthew. That said, they have also been making an effort to assist the members of several communities who are not insured. The insurance company has established its Greenville, NC office as their donation center. Since the storm, Allstate Insurance has been using that location to help to gather supplies for those who need them. They recognize that many…