Insurance industry in the US continues drawing attention to cyber insurance

Nordstrom
Cyber Insurance industry popularity

Insurance industry well attuned to digital risks The Internet has become an all-encompassing resource for information and community for most of the world. Today, the Internet supports a multitude of businesses, many of which rely on the digital world to reach out to consumers and sell products around the world. While the Internet is often considered one of the greatest accomplishments in human history to date, it is not a utopia. Within the Internet are many threats that businesses, consumers, and governments have yet to become acclimated to. The cyber…

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Many homeowners insurance claims in New Jersey go unpaid

Logan B.
Homeowners flood Insurance hurricane sandy damage

  Homeowners insurance claims from Hurricane Sandy remain unpaid Over the past several months, new concerning Hurricane Sandy has been somewhat steady. The powerful storm struck the Eastern U.S. back in October 2012, but its effects are still being felt presently. The storm struck New Jersey particularly hard and has caused several problems in the realm of homeowners insurance, especially as many consumers expressed confusion over the coverage they had for their properties. Report sheds light on troubled financial landscape in wake of powerful storm The report comes from the…

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Usage based insurance coming to Canadian province of Alberta

Julie Campbell
Usage based insurance

Drivers may soon be able to prove to their insurers that they are safer and be rewarded with discounts. Motorists in the Canadian province of Alberta could soon have the option to have telematics devices installed in their vehicles so that they can take advantage of discounts from usage based insurance programs when they prove that they have cautious driving habits. The province is currently studying the technology which would reward safer drivers. The usage based insurance devices would be installed on a voluntary basis to allow motorists to show…

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Crop insurance in the farm bill is now up for debate in the Senate

H. Cutner
Crop insurance program 2014

The cuts to the federally subsidized program are facing consideration by Senators this week. This week, the Senate is now debating the proposed cuts to the federally subsidized crop insurance program, as an element of the enormous farm bill which is also being considered. On Monday, the Obama administration said that it wanted greater cuts to the subsidies and coverage. They stated that they wanted more crop insurance cuts in the legislation, and that the farm subsidies should also be reduced. The current proposal would cost nearly $100 billion per…

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Insurance jobs at risk from Equity overhaul

G. Turner
Insurance Jobs

Changes in the company have placed over one hundred positions in a shaky state. A number of massive changes are coming to Equity in the United Kingdom, and this is placing dozens, if not over a hundred insurance jobs at risk as the company works to become profitable again. The company will be undergoing a tremendous overhaul that will split it up and break it down. The son of AIG’s former head, Hang Greenberg had established a private equity house, but only four weeks after having purchased a UK auto…

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