Live Insurance News

Spending on cyber insurance skyrockets as high profile cases rise

February 18, 2015February 16, 2015 Julie Campbell

The size of the problem associated with cyber attacks is becoming clearer as data breaches make more frequent headlines. The number of large companies and corporations that have experienced highly publicized data breaches is rapidly rising, and other businesses have not failed to notice; having responded with the purchasing of cyber insurance policies to help to protect themselves from the extensive damages that this type of digital attack can bring. Insurers that offer this type of data breach liability coverage are seeing notable growth in that business. At the same…

Florida continues to fight insurance fraud

February 18, 2015February 16, 2015 Marc

Law enforcement is looking for fake auto insurance cards in order to catch those that are committing fraud Law enforcement in Florida are beginning to grow more aggressive when it comes to fighting insurance fraud. Officers in Hialeah, Hialeah Gardens, and Medley took to the streets recently in order to find those that are using fake auto insurance cards. Law enforcement has been tasked with fighting fraud in Florida, where it has become a significant problem for the auto insurance industry. Insurance fraud is a national problem, according to the…

New legislation brings more clarity to property insurance

February 18, 2015February 16, 2015 S.Vagus

Mississippi legislation aims to bring more clarity to the property insurance sector Mississippi lawmakers are attempting to bring more clarity to the property insurance space. A new legislation, which has won support from the House of Representatives, is set to appear before the state’s Senate. The legislation is designed to bring more transparency to homeowners insurance and provide clarity on the premiums that insurance companies collect. Called the Property Insurance Clarity Act, the legislation is gaining strong support. Last year, a previous version of the legislation was struck down by…

Insurance news from AIG could protect companies from celebrity antics

February 17, 2015February 14, 2015 Julie Campbell

AIG Insurance company CEO - Building in Manhattan

The insurer has now released a type of coverage meant to protect stars against liabilities from endorsement deals. AIG has announced some of its latest insurance news, which has come in the form of a policy that has been designed to help to protect companies from the losses from a harmed reputation as a result of a celebrity endorser that has taken a wrong turn and has done something that could bring embarrassment, shame, or other damage to the company’s standing. The policies have limits that will protect companies for…

Boston area snow-related insurance claims continue to rise

February 17, 2015February 14, 2015 H. Cutner

There have already been a large number of filings, but more are expected as a result of ice dams. This winter hasn’t been an easy on for people living in Boston and the surrounding area, and insurance claims have been piling up as a result of damage from snow and collisions on slippery and narrowed roads. Everything from leaky roofs to car accidents that resulted from the weather have been keeping insurers busy. The insurance claims are only expected to rise as the weather-related damages are predicted to worsen over…