Category: Latest Insurance News Articles

The latest headlines, on all lines of insurance, will be updated and listed here.

The Five Best Selling Driving Albums of All Time

Guest Author
Best Albums for Driving

They say that music is the soundtrack to our lives and certain songs have a special meaning when we hear them. There is always a song or even an artist that produces just the right type of song for your mood and driving in your car is a great place to discover and play your favourite sounds to help your journey time fly by. Here are five of the best selling driving albums of all time and some of them might already be in your music collection. Blondie – Autoamerican …

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Insurance industry professionals must cope with regulation risks

Julie Campbell
Insurance industry risks - Banana Peel Survey

A new study has revealed the largest risks faced by pros, the results of which have now been published in a report. New local and international level regulations are now being seen as the greatest risk faced by the insurance industry, according to a PricewaterhouseCoopers and Centre for the Study of Financial Innovation report. The new rules could considerably increase problems with compliance as well as costs for insurers. According to the 2013 Insurance Banana Skins Survey, new regulations regarding market conduct and solvency could “swamp” the insurance industry with…

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Cyber insurance is Zurich’s new focus

G. Turner
cyber insurance

The massive insurer is hoping to increase the coverage it provides against data breaches and climate change. Zurich Insurance Group is now broadening its focus to be able to meet the growing corporate demand for coverage such as cyber insurance against data breaches as well as against the risks that are posed by climate change. This announcement was made by the general insurance chief at Zurich, this week. A growing number of businesses are seeking cyber insurance to cover themselves against the economic challenges – or catastrophe – that can…

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Life insurance recovery reaches $1.1 billion

H. Cutner
Life Insurance Payment

New York regulators have said that by July 10, the nationwide investigation has already been very successful. According to regulators in New York, the investigations that have been going on nationwide have already resulted in the recovery of over $1.1 billion in unclaimed life insurance benefits. Previously, insurers had not been using available lists in order to discover recent deaths that had occurred. The Department of Financial Services in New York explained that many life insurance companies were failing to consult with the Social Security Administration lists of recent deaths…

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Crop insurance in Kansas farm bill pleases farmers

G. Turner
Crop Insurance

Though growers are pleased that the program continues to exist, they are wary of cuts to direct subsidies. Farmers in Kansas are thrilled that their crop insurance program has been maintained as a part of a scaled down farm bill that has been passed by the U.S. House, but they are still leery as it doesn’t look as though the opportunity that it will provide will be quite as lucrative as what it used to be. They are still watching to see which elements of it will make it into…

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