Live Insurance News

High-profile attack highlights importance of cyber insurance

August 25, 2014August 23, 2014 S.Vagus

Community Health Systems files comment with federal government concerning recent data breach Tennessee’s Community Health Systems, an operator of acute care hospitals, has filed a statement with the federal Securities and Exchange Commission concerning a recent data breach that compromised patient medical files. The organization’s hospitals store patient information digitally in order to ensure that this information can be accessed more easily. Digitizing these records can be a risky practice because of the complex and unpredictable nature of cyber attacks. 4.5 million people may have been affected by the cyber…

Software is making the insurance industry more efficient

May 27, 2014May 26, 2014 Marc

Technology is becoming a powerful tool for insurance companies IBISWorld, a global business intelligent organization, has released a new report concerning the effect that new technology is having on claims processing in the U.S. Claims are nothing new for the industry, but how insurers deal with the claims they receive has been evolving rapidly over the years. As new technology becomes available, insurance companies are finding better ways to manage claims and process these claims at a more rapid pace. Insurers are also become more adept at weeding out fraudulent…

Marriage insurance takes off following a rash of cheating among celebrities

April 17, 2014April 15, 2014 Julie Campbell

This trend has been heaviest in China, where social media has reported infidelities among some top stars. As news of major celebrity divorces, infidelities, and other relationship-ending occurrences started making its rounds throughout social media sites in China, recently, the number of people who have been looking into marriage insurance has suddenly started to rise. It looks as though many people are starting to take this relationship news personally and want to protect themselves. Among the largest reports that have caused marriage insurance to increase in popularity was that Wen…

Earthquake insurance shakes up homeowner confidence

March 11, 2014March 10, 2014 Julie Campbell

After the 6.9 magnitude quake shook Northern California, standard policyholders wonder about coverage. Recent tremors over the last few days have spiked the number of calls that homeowners and earthquake insurance companies have been receiving in order to find out what type of coverage they have and to make sure that they do have protection if the “big one” should strike. The California quake has received the most attention, but there were two in South Carolina, as well. Those two rumbles were notably lower than their Californian cousin, at a…

Wedding insurance can protect Valentine’s Day marriages

February 12, 2014February 10, 2014 Julie Campbell

These policies are beginning to become big sellers, particularly around this time of year. Although wedding insurance has never been one of the top selling policies – particularly compared to the standards such as home, health, life and auto – this business is picking up quite dramatically, and experiences certain popular seasons such as around Valentine’s Day and during the summer months when the most marriages take place. These marriage insurance policies help to protect the investment of the day itself against many perils. The importance of this coverage is…