Live Insurance News

Liability insurance news from exploded Texas fertilizer plant reveals tiny coverage

May 8, 2013May 6, 2013 G. Turner

The company has a $1 million policy, which is an amount that would cover only a fraction of the damage. It has just been revealed that the fertilizer plant from West, Texas, which exploded in April, holds a liability insurance policy of only $1 million, which would provide coverage for only a tiny fragment of the estimated cost that was generated by the blast. Lawyers have guessed that the amount of the policy is small enough to be considered nearly negligible. One of the attorneys, John McCoy, who represents the…

Liability insurance against cyberattacks becoming more popular in the US

March 20, 2013March 19, 2013 Logan B.

More companies are purchasing liability insurance to protect against cyberattacks A growing number of companies throughout the U.S. are purchasing liability insurance to cover the potential threats they face from cyberattacks. Insurer Marsh Inc. notes that data breaches and other cyberattacks have caused a spike in its business over the past year, with sales of liability insurance coverage for these attacks rising by a third. Marsh claims that companies that already had liability insurance coverage for cyberattacks are purchasing even more protection in order to guard themselves against hackers and…

Liability insurance requirements for guns up for consideration in Washington DC

March 12, 2013March 11, 2013 Logan B.

Mandatory liability insurance for gun owners proposed in DC Washington D.C. may become the first in the U.S. to make liability insurance for gun owners mandatory. The D.C. Council is currently considering a proposal that would require those that own firearms to purchase and maintain liability insurance coverage. This issue has been gaining more attention in recent months, following a spate of school shootings. Gun control has become a divisive topic throughout the country, with supporters and opponents adopting fairly extreme stances on the issue. The D.C. Council believes that…

Liability insurance for guns proposed by federal lawmakers in the US

February 13, 2013February 12, 2013 S.Vagus

Lawmakers consider liability insurance a solution to the gun control issue Gun control has been a very hot topic in the U.S. The country has seen a spate of violent crimes associated with guns in recent months, some of which have sparked public outcry for stricter measures to control the availability of various types of firearms throughout the country. The issue has become controversial due to the second amendment of the U.S. constitution. Federal lawmakers have been struggling with the issue since public outcry for gun control has begun, and…