Live Insurance News

Insurance news made by Lance Armstrong in fraud lawsuit

September 9, 2013September 7, 2013 Julie Campbell

The former Tour de France title holder is being ordered to answer doping questions by a Texas judge. A Texas judge is making insurance news as he has ordered Lance Armstrong to answer questions regarding his doping, particularly with respect to who knew about the behavior and when they became aware of it. These questions could possibly include the discovery of whether or not Armstrong’s ex-wife and attorneys knew. The insurance news making questions are being required as a part of an effort to obtain information in a lawsuit from…

Insurance news from India shows ongoing consideration of Iranian oil coverage

August 14, 2013August 12, 2013 Julie Campbell

Insurers from Iran have offered to provide cover for tankers transporting that country’s crude. The latest in the insurance news saga regarding Iranian oil tanker coverage, particularly when it is headed to India, is that Iran is offering to provide the coverage for the ships so that Indian companies will be able to accept it. However, the Indian companies still hold some reluctance as they do not want to expose themselves to sanctions. India has been considering adding an additional state guarantee of $327 million to this insurance news, to…

Insurance news made when a settlement was paid entirely in quarters

August 6, 2013August 3, 2013 Julie Campbell

A prominent businessman in Illinois disagreed with the payout from his son’s auto policy and retaliated in a unique way. In retaliation for what an Illinois businessman felt was not a fair outcome in an auto payout following the death of his son, he is making insurance news by paying a portion of the final settlement using thousands upon thousands of pounds of quarters. This, according to one of the attorneys who was involved in the auto payout case. The attorney, Douglas Dorris, provided confirmation that when Roger Herrin came…

Insurance news made in NY when judge blocks 9/11 claims against airlines

July 22, 2013July 20, 2013 Julie Campbell

terrorism insurance industry news 9/11 Memorial in 2004

The ruling in New York is that the World Trade Center’s owners cannot demand payouts from the attacks. A federal judge has just made insurance news headlines when he ruled that the owners of the World Trade Center are not permitted to make demands of billions of dollars of additional payments from insurers due to the attacks on September 11, 2001. The owners of the buildings will not be able to receive the money from the airlines and their insurers. The insurance news was made when Judge Alvin Hellerstein made…

Insurance news made as animal activists hack insurer and steal financial data

June 14, 2013June 12, 2013 Julie Campbell

In another effort to protest the badger culls in the U.K., a group has claimed to have accomplished a cyberattack. The latest insurance news is surrounding an unlikely event which came about when animal rights activists announced their claim that they have been able to hack into the systems of an insurer that is linked to the National Farmers Union (NFU) so that they could steal the financial data of supporters of the badger culls. The activists say that they were able to break into the NFU Mutual systems and…