Live Insurance News

Insurance companies are seeing rising claims following a rough winter

May 8, 2015May 7, 2015 Julie Campbell

Winter Home Care insurance companies external battery charger

Insurers throughout the northeast are stating that they have a greater loss-report volume. From start to finish, this past winter was a treacherous and highly damaging one in the northeastern United States, and now that it has finally come to a close, insurance companies are starting to see another increase in claims from homeowners who are experiencing a new wave of discovered damages. As the snow and ice melt away, they are revealing the true extent of the destruction that they’ve left behind. So far, claims to insurance companies have…

Insurance companies don’t cover all forms of birth control

April 20, 2015April 18, 2015 Julie Campbell

The Kaiser Family Foundation has determined that the Affordable Care Act’s coverage doesn’t necessarily extend to all methods. According to the results of a new study that was published by the Kaiser Family Foundation, not all forms of birth controls are being covered by insurance companies without some forms of costs or copayments. These apparently include certain forms such as emergency contraceptives as well as IUDs. The majority of insurance companies have been required by the Affordable Care Act to provide full coverage for birth control so that policyholders will…

Ontario auto insurance customers may have overpaid by billions

April 14, 2015April 11, 2015 H. Cutner

The results of a new study have shown that drivers in the Canadian province may have been charged far too much. A new study conducted by the Schulich School of Business on behalf of the Ontario Trial Lawyers Association has revealed that drivers in Ontario, Canada, may have been paying billions of dollars too much for their auto insurance coverage. The research showed that from 2001 to 2013, drivers across the province paid between $3 and $4 billion too much. The study has pointed to the profit benchmark that was…

Great American insurance company headed for Singapore launch

March 13, 2015March 12, 2015 Julie Campbell

This insurer has now received its preliminary approval from the Monetary Authority of Singapore. The Great American Insurance Company, the lead insurer of the Great American Insurance Group, has now received its preliminary approval to be able to do business in Singapore, by that country’s Monetary Authority. This gives the company the opportunity to be able to establish a branch of operation in that Asian country. Great American now intends to bring its insurance company to Singapore, where it will start underwriting risks as soon as the licensing pre-conditions have…

Insurance news for drone pilots shows coverage to get them flying

March 11, 2015March 9, 2015 Julie Campbell

commercial drones crop insurance industry news

Many insurers are now writing their own rules to cover pilots who are finished waiting for federal regulations. Every day, thousands of drones fly low and high in the sky without receiving government approval, so the latest insurance news has shown that insurers have come up with their own safety regulations to help to fill the gap that has been left in place by official regulators. These drones are being used by movie studios, real estate companies, and other businesses and industries. The devices provide, among other things, an inexpensive…