Live Insurance News

Life insurance carriers reach out through social media

January 8, 2013January 9, 2013 Nordstrom

Some topics do not carry over well into the social media and social networking websites that dominate the internet, which is why companies that sell life insurance are finding new ways to approach something that often reminds people of death and tragedy. A delicate subject There are some things people do not want to talk about with friends and acquaintances and do not want to think about on a daily basis. One of these things is death. Life insurance deals with that subject and those that sell it are looking…

Teen auto deaths spike during summer months

January 8, 2013January 10, 2014 Nordstrom

Distracted driving practices attributed to a spike in summer deaths of teenage drivers in 2010, a study by Fatality Analysis Reporting System reports. According to the study, approximately 45 people between the ages of 15 and 20 died each weekend from June through September in the year 2010. Such young deaths are “sobering” according to Sandy Spavone, the executive director with the National Organizations for Youth Safety. The main reason they hit so hard is because these deaths could so easily be avoided. Spavone feels these deaths are completely avoidable…

Obama signs relief bill for hurricane Sandy but that’s just the start

January 8, 2013January 8, 2013 Nordstrom

Hurricane Sandy Aid – congress to vote on more funds The $9.7 billion flood relief bill for insurance claims was signed into law by Pres. Obama while House waits to vote on a larger Sandy relief deal worth up to $51 billion. Pressure from FEMA The Federal Emergency Management Agency (FEMA) had pushed for Sandy relief, stating that without addition funding they money to help will quickly run out. The White House reports that over 100,000 claims could not be paid out without more funding from Congress. John Boehner, Speaker…

Progressive brings a new take on auto insurance and savings

January 1, 2013January 1, 2013 Nordstrom

Progressive continues to generate hype for its Snapshot device Progressive Insurance has been making waves in the world of insurance news with its in-car device that helps calculate the cost of auto insurance policies. In 2011, Progressive introduce an ambitious new auto insurance scheme that provided drivers with a way to save money on their coverage by providing the company with detailed data concerning their vehicles and driving habits. This is accomplished through a device called Snapshot, which can be installed in any vehicle manufactured after the year 1996. Device…

Hurricane Sandy spawns class-action lawsuit against insurers

December 24, 2012December 24, 2012 Nordstrom

New Jersey victims file suit against insurers in wake of Hurricane Sandy Hurricane Sandy continues to cause problems along the East Coast. Though the storm is long over, its effects can still be felt in numerous states. Insurers may soon feel another financial impact as a result of the storm, but it will be coming from consumers instead of the storm itself. Hurricane Sandy victims from New Jersey have filed a class-action lawsuit against nine insurance companies. The suit claims that these insurers denied claims through the misinterpretation of something…