Live Insurance News

Why Bundling Home and Car Insurance is a Smart Move

August 8, 2013February 12, 2014 Guest Author

Not only is it harder work shopping around for separate quotes for your auto insurance and then your home insurance but it could also be costing you more money by buying individual policies . Many insurance companies offer discounts for loyal customers who choose to give their business to them on several fronts so it is worth checking out to see whether you can save money by bundling. Why bundling makes sense When you think it about it, if you went into a store and offered to buy three of…

Insurance news made when high school football player inspires law

August 8, 2013August 7, 2013 H. Cutner

The Governor of Illinois has just signed a new bill that was inspired by an injured student. Pat Quinn, the Governor of Illinois, has just signed a new bill into law, making insurance news when he added his signature while visiting Eisenhower High School, located in Blue Island Illinois. The reason that the signing occurred at that high school was that the law was inspired by one of its students. The insurance news started back in the year 2000, when a student at Eisenhower, who was on the football team,…

Aetna backs out of Georgia health insurance exchange

August 8, 2013August 7, 2013 Marc

Aetna and Coventry pull out of state health insurance exchange Aetna, one of the largest health insurance providers in the U.S., has dropped out of Georgia’s health insurance exchange. The insurer is also taking its recently acquired subsidiary, Coventry, out of the state’s insurance exchange as well. With the two companies leaving the exchange, five insurers remain to offer coverage through the state’s exchange program. While the insurers will not be participating in the exchange, they will still be offering coverage beyond the confines of the program. Federal law seeds…

Insurance industry in Canada hurting from extreme weather

August 8, 2013August 5, 2013 Julie Campbell

The large number of severe storms have been taking their toll on insurers across the country. A growing number of signs of uncertainty have been popping up in the insurance industry in Canada following the storms that have been striking various areas causing flooding, hail, winds, and other damaging weather events. This was topped off when one of the major banks in the country came out with one of its own early warning signs. Only weeks after the province of Alberta was struck with historic flooding, during which time the…

Munich Re Licenses AIR’s Updated Crop Insurance Models for the United States and China

August 7, 2013 Guest Author

BOSTON, Aug. 7, 2013 — AIR Worldwide (AIR) today announced that it has updated its Multiple Peril Crop Insurance (MPCI) Models for the United States and China. These are weather-based models that estimate underwriting gains and losses based on crop yield probabilities in the context of current conditions. Munich Re, a leading global reinsurer, has licensed the updated models to enhance its risk management capabilities for its catastrophe-exposed agricultural treaties. “The risk associated with agricultural insurance portfolios is extremely complex, which makes them challenging for insurance and reinsurance carriers participating…