Live Insurance News

Pope’s visit to Philadelphia made insurance news with special event coverage

September 28, 2015September 27, 2015 Julie Campbell

The two day visit from the pontiff over the weekend led to a strategic effort to ensure full coverage. This weekend, Pope Francis visited Philadelphia, ending the six day visit to the United States, and among the headlines that this made, it also worked its way into the insurance news spotlight. The reason is that there were special event policies that were required in order to cover the apostolic journey. In Philadelphia, this insurance news involved a special event policy through multiple insurers, led by W.R. Berkley Corp. and OneBeacon…

Insurance costs force the cancellation of Battle of Britain fly-past

September 11, 2015September 10, 2015 G. Turner

The Shoreham crash has caused the premiums for these performances to spike, making this one cost prohibitive. The prohibitive insurance costs associated with covering a fly-past of 20 spitfires for a commemorative ceremony of the Battle of Britain have cancelled this portion of the event. The reason is that the premiums have spiked dramatically following the crash at the Shoreham Airshow. That disaster occurred in August and killed 11 people. Now, it has led the insurance costs associated with air shows to increase to the point that they may no…

Insurance news from Boston Olympics Bid Committee suggests coverage will reduce expense

July 27, 2015July 24, 2015 Julie Campbell

The leaders behind the bidding for the 2024 Summer Olympics say that the right policies would save taxpayers money. The members of the Boston Olympics Bid Committee that are responsible for putting together the bidding for the city for the 2024 Summer Olympics have now released insurance news details in saying that they would be able to purchase coverage at unprecedented levels in order to reduce the expense to Massachusetts taxpayers. A document was released by the bid committee that described a minimum of 8 types of necessary coverage. This…

Wedding insurance becoming more common among Americans

January 24, 2014January 21, 2014 Julie Campbell

With the increasing cost of getting married and everything that it entails, more couples are purchasing coverage. The average cost for Americans to get married is now approximately $26,000 and, to an increasing degree, couples are purchasing wedding insurance to help to cover themselves against the sizeable financial losses that could occur as a result of illness, extreme weather, or even a sudden change of heart. The coverage isn’t offered by a large number of insurers in the U.S. but the number may soon grow. At the moment, wedding insurance…

Insurance news is bright as the fireworks display returns for Mason

June 10, 2013June 8, 2013 Julie Campbell

For a short while, the Michigan city thought it would have to cancel the long running event. The city of Mason, Michigan, has held a fireworks display that entertains thousands of people every year for the July 4th celebrations, but for a span of four days, the insurance news looked bleak as it appeared that the coverage for the event was being withdrawn, cutting off its ability to continue this year. The organizers of the event moved quickly to find out what went wrong and to resolve the situation. From…