Live Insurance News

AIG requests more time before Bill Cosby legal fee payout

August 16, 2017August 14, 2017 Logan B.

The insurance company is seeking more time because its appeal about an April ruling is still pending. AIG has asked for more time before being required to pay the Bill Cosby legal fees associated with the controversial lawsuits launched back in 2015. At the moment, AIG is required to pay over $675,000 to the celebrity to cover his legal costs. AIG Property Casualty Company says it is entitled to more time before the Bill Cosby legal costs are settled as an appeal to a previous ruling on the subject is…

Kanye West insurance payout could reach $30 million

November 28, 2016November 25, 2016 H. Cutner

The performer cancelled the rest of his tour as a result of reported mental health problems. Media reports suggest that the Kanye West insurance payout could be as high as $30 million following his tour cancellation. The hip hop celebrity announced the cancellation of the remainder of his tour as a result of health struggles. He was hospitalized last week following an incident while he was at his trainer’s house. Reports indicated that the police had been initially called for a domestic disturbance, later deemed a medical emergency. The star…

Life insurance requirements are greatly underestimated by consumers

June 12, 2015June 11, 2015 Julie Campbell

According to recent research, the average policyholder should have $46,000 more coverage than they have. The majority of people who should be covered by a life insurance policy don’t even have one, but among those who do, the results of a recent study have suggested that they have typically underestimated the amount that they actually need. This means that if the worst should actually occur, the insurance payout may not be enough to cover beneficiary needs. SunLife recently conducted a study that has shown that the average payout from a…

Woman admits to murder to collect life insurance benefits

November 25, 2014November 22, 2014 H. Cutner

Crystal Williams has been accused of killing her husband, Shane A. Williams, to receive a policy payout. A South Carolina woman named Crystal Williams has been accused of murdering her husband, Shane Williams, in order to be able to collect on the benefits from his life insurance policy. Williams has now pleaded guilty to the charges of conspiracy and murder in her husband’s death. Initially, the woman claimed that she had been sleeping at the time when her husband had been shot and killed by an intruder. Deputies had been…

Insurance news shows the mis-selling complaints in the U.K. continue

October 25, 2013October 22, 2013 G. Turner

UK cyber Insurance industry News united kingdom

A recent report issued by the watchdog organization has revealed that banks will need to provide more in payouts. The Financial Ombudsman Service in the United Kingdom has now stated that the number of complaints that it has received with regards to the insurance news of the mis-selling scandal in the country have skyrocketed within the six months that ended in September. This has increased the odds that banks will be required to pay a higher amount for compensations. The Financial Ombudsman Service is the official watchdog that steps in…