Live Insurance News

Insurance news being made by Amy Grant and her father

April 12, 2013April 10, 2013 G. Turner

The Grammy award winning singer has announced her support for the NAIC in light of her dad’s health. The National Association of Insurance Commissioners has placed itself in the insurance news spotlight, as it makes headlines through the support that it has received through Amy Grant. The musician has been speaking about the importance of coverage to protect consumers against the unexpected. Grant has been making insurance news headlines as she highlights the benefits of purchasing policies to guard against damaging events. She explained that “Planning ahead and getting smart…

Insurance fraud accusation issued against Timbaland

April 2, 2013April 1, 2013 Julie Campbell

A missing watch insurance claim is leading the insurer of the musician to call it an attempted scam. Timbaland’s insurer is currently working to shut down a claim that the rapper and record producer has made regarding a missing watch, stating that the filing is nothing more than a case of insurance fraud. The musician is seeking a payout for a watch which was covered under his policy with the insurer. However, that insurer said that the payout of $1.8 million that is being sought is being labeled as insurance…

Nebraska insurance firm files lawsuit against Lance Armstrong

March 4, 2013March 2, 2013 Julie Campbell

Nebraska insurance company sues Lance Armstrong

The insurer has now sued the cyclist for collecting performance bonuses worth $3 million by cheating. Lance Armstrong isn’t finished seeing the backlash from the discovery that he cheated during his major cycling competitions – such as the Tour de France – as a Nebraska insurance company has now filed a lawsuit against him for wrongful collection of payments. The company alleges that he cheated in order to take in a $3 million performance bonus. This performance bonus was offered by the Nebraska insurance company when Armstrong’s team purchased a…

Auto insurance payout of nearly £1 million for Rowan Atkinson crash

February 9, 2013February 9, 2013 Julie Campbell

The accident involved a McLaren F1, the beloved luxury vehicle of the well known British actor. Rowan Atkinson, the actor best known for his portrayal of the Mr. Bean character, has received an auto insurance payment of £910,000 in order to have his beloved luxury vehicle repaired following a massive accident. The crash initially took place in 2011, at which time the actor suffered a shoulder injury. The auto insurance payout currently represents the largest repair bill that has ever been tallied in the United Kingdom. The accident, itself, was…

Auto insurance no more popular following celebrity ads

February 2, 2013January 31, 2013 Julie Campbell

The industry has spent billions on actors and athletes, but it has made little difference for boosting sales. A recent report by McKinsey & Co. has revealed that while American auto insurance companies spent billions to include professional athletes and famous actors in their ads, but when all was said and done, they had little to show for it. There appears to have been a virtual race to generate the best marketing over the last ten years. The auto insurance companies in the country have increased their marketing spending by…