Live Insurance News

Florida health insurance loses Stars Plus plan

December 29, 2016December 28, 2016 Marc

This takes away a coverage opportunity for children who have limited other options available. A special Florida health insurance plan called Stars Plus has been providing kids with few coverage options with financial support for their medical needs. Now, that health plan is being cancelled, reducing options for these families even further. The health plan will no longer be available as of the end of this year as it will not renew into 2017. At the moment, this special Florida health insurance plan provides coverage to 9,620 kids throughout the…

Residential flood insurance must be available and affordable, says IBAC

December 20, 2016December 16, 2016 Marc

The Canadian trade organization feels that the government should no longer be an “insurer of first resort.” The Insurance Brokers Association of Canada (IBAC) said in a recent document that residential flood insurance should become available and affordable in the country. It pointed out that the Canadian government doesn’t need to be an “insurer of first resort.” Instead, it should provide a reinforcement for an existing and realistic coverage. At the moment, overland flood insurance is not available to the vast majority of Canadian homeowners. The IBAC stated that residential…

Boxing event insurance will soon be available in New York

December 15, 2016December 14, 2016 Marc

The sport’s promoters have found themselves placing one date after the next on hold due to a lack of coverage. Boxing event insurance is finally on its way to New York to reduce the struggles faced by the sport’s promoters in the state. At least four dates have already been postponed or placed on hold with the New York State Athletic Commission between January and March. The reason is that it wasn’t clear whether or not it would be possible to obtain coverage for them. Without the right insurance coverage,…

Florida hurricane insurance preparation was effective, say officials

December 6, 2016December 6, 2016 Marc

The state has said that insurers were responsive to their customers because they were ready. State officials have said that Florida hurricane insurance companies have been responsive to customers. This responsiveness to the damage from two hurricanes this year was the result of preparation. Those hurricanes caused hundreds of millions of damage in that state alone. These were the conclusions shared by the Florida Division of Consumer Services. That division received only 375 calls regarding the way Florida hurricane insurance claims were handled. When taking into consideration that Hurricane Matthew…

Bitcoin insurance arrives at Mitsui Sumitomo

November 29, 2016November 25, 2016 Marc

The Japanese insurer has announced a new product line providing coverage for domestic cryptocurrency. Mitsui Sumitomo, an insurer from Japan, has announced the launch of a line of Bitcoin insurance products. The goal is to provide coverage for the domestic cryptocurrency market. These types of digital currency are providing new opportunities for markets and conventional businesses in the country. The insurance industry has been seeing a considerable boost in demand as a result of Bitcoin-like currencies. Mitsui Sumitomo clearly intends to ensure it will not miss opportunities in these areas.…