Live Insurance News

Verifly drone insurance launches a US pay as you fly coverage

August 10, 2016August 11, 2016 H. Cutner

A startup has created an on demand and per flight form of insurance policy for drone users. The Verifly drone insurance policy launched after having been in the making since the end of 2014. This policy makes it possible for drone users to pay for coverage per flight and on demand. The drone insurance policy uses a mobile app and service that have been in development since 2014. The Verifly drone insurance coverage is available in the United States. The policy covers unmanned aerial vehicle (UAV) use within the commercial…

Can red light cameras save on your life…and insurance premiums?

August 3, 2016August 1, 2016 G. Turner

A new study by the Insurance Institute for Highway Safety shows these devices reduce fatalities. There aren’t a lot of vocal fans in favor of red light cameras. However, according to a new study published by the Insurance Institute for Highway Safety (IIHS), these controversial gadgets may be more useful than we think. The study revealed that these stoplight cameras do, in fact, save lives when they are installed at intersections. Moreover, the IIHS research also pointed out that when cities remove red light cameras, accidents at those intersections rose…

Free Pokemon Go insurance available from Sberbank

July 22, 2016July 20, 2016 G. Turner

The largest bank in Russia is now offering free coverage for people who experience an injury from playing. Sberbank, Russia’s biggest bank, is now offering free Pokemon Go insurance to its customers. The insurance policy will protect policyholders for claims up to 50,000 rubles (approximately $800) in the event of injury during play. Pokemon Go injuries are becoming increasingly common as people move about while distracted. As silly as this offering may sound, the large number of reported injuries shows it could have a purpose. The Pokemon Go insurance provides…

Pokemon Go accidents are becoming commonplace on American roads

July 21, 2016July 20, 2016 Julie Campbell

The record breaking popularity of this mobile app is now linked to a growing number of car crashes. As if Pokemon Go accidents involving people walking out into traffic or off piers and into waterways weren’t enough, they now include crashed cars. Many people aren’t surprised at this new trend of traffic mayhem resulting from distracted drivers trying to catch digital monsters. Still, it is forcing police, other law enforcement and emergency medical personnel to have to scramble to assist the victims. The augmented reality phenomenon is now being used…

Cyber insurance confusion causes gaps in coverage

July 12, 2016July 9, 2016 Logan B.

This sector of the insurance industry is doing great business but policyholders may not know what they need. Businesses are very aware that they need protection against data breaches, but cyber insurance confusion is causing notable problems. Companies know they need coverage but don’t necessarily know precisely what that coverage should include. This is a very complex market, which makes it difficult to determine what coverage is needed. After all, the cyber insurance confusion doesn’t just start at buying a policy. Even assessing the damage following a major data breach…