Live Insurance News

Insurance industry has trouble engaging millennials

March 10, 2015March 7, 2015 Logan B.

Health Insurance industry young millennial

Insurers find it difficult to connect with a new generation of consumers The insurance industry has been providing coverage across a wide variety of sectors for countless years, but never before in history have insurers had to deal with a generation of consumers that are obsessed with technology and their invincibility. Gallup conducted a survey recently highlighting the difficulty insurers are having with connecting with millennial consumers, those born in 1980 through 1996. These consumers have proven difficult to engage, which has left the insurance industry somewhat disconnected from this…

Insurance companies may require Harrison Ford to stay on the ground

March 9, 2015March 7, 2015 Julie Campbell

This could be the result of last week’s crash when the actor fell from the sky in his vintage airplane. The entertainment industry insurance companies may require Harrison Ford to remain grounded following the crash that the actor experienced when he experienced engine trouble in his vintage airplane, last week, and sent it into a crash landing on a golf course in Venice, California. Ford is still recovering from moderately serious injuries that he experienced from the crash landing. He was immediately hospitalized after the crash. At the time that…

Google insurance shopping site to launch in California

March 9, 2015March 7, 2015 G. Turner

The internet giant has now finally announced the beginning of its long awaited and expected website. The industry in the U.S. has been antsy to see what the start of the Google insurance offerings would bring to the shopping experience, and the wait has finally come to an end, as the internet giant has revealed that it will be launching its website, to start, in California. A U.S. version of the company’s Google Compare auto insurance comparison and policy shopping site will soon arrive. That service launched in the U.K.…

New York may launch its own flood insurance program

March 9, 2015March 7, 2015 S.Vagus

Assemblyman proposes the establishment of a state-run insurance program New York may have a solution to the flood insurance problem: Abandoning the National Flood Insurance Program. Early last year, Assemblyman Phil Goldfeder proposed a plan to create the state’s own flood insurance program, free from the control of the federal government. The plan had received relatively little support in its early days, but now Goldfeder is pushing to make this initiative a reality. A state-run program could have serious implications for flood insurance coverage in New York. Federal program continues…

Insurance company to be paid $10 million by Lance Armstrong

March 6, 2015March 4, 2015 Julie Campbell

A recent ruling has now been made against the Tour de France cyclist after the insurer sued for fraud. A panel decision has now been made to order Lance Armstrong to pay his insurance company $10 million after that insurer sued him for fraud in 2013 following his highly publicized case of Fraud in 2012. The decision from the Texas arbitration panel was a vote of 2 to 1 with regards to the Tour de France winning bonuses. According to Bob Hamman, the president and founder of the sports insurance…