Live Insurance News

Insurance jobs at risk from Equity overhaul

May 22, 2013May 25, 2013 G. Turner

Changes in the company have placed over one hundred positions in a shaky state. A number of massive changes are coming to Equity in the United Kingdom, and this is placing dozens, if not over a hundred insurance jobs at risk as the company works to become profitable again. The company will be undergoing a tremendous overhaul that will split it up and break it down. The son of AIG’s former head, Hang Greenberg had established a private equity house, but only four weeks after having purchased a UK auto…

Massive EF-5 Tornado Causes Destruction in Moore, Oklahoma

May 21, 2013May 25, 2013 Guest Author

BOSTON, May 21, 2013 – According to catastrophe modeling firm AIR Worldwide, at 3:01 p.m. on Monday, May 20, 2013, a massive tornado struck Moore, Oklahoma, a suburb of Oklahoma City, destroying many homes, businesses, and public buildings, including two elementary schools and a hospital. According to reports and aerial images, property damage in the affected region is extensive, with whole neighborhoods heavily damaged or destroyed. “A slow-moving upper level low pressure system triggered a series of severe thunderstorm outbreaks across the Central Plains starting on May 19,” said Dr.…

Health insurance awareness becomes top priority in New Hampshire

May 21, 2013May 25, 2013 Logan B.

New Hampshire officials set sights on raising awareness concerning health insurance In the U.S., the Affordable Care Act is inching closure to becoming fully enacted. The federal law has faced down staunch opposition since it was passed in 2010. Though many states still oppose the federal law, especially when it comes to the law’s health insurance provisions, those states are now feeling the pressure to comply with the provisions of the Affordable Care Act. In New Hampshire, spreading awareness of how the law will impact the state and its health…

Massive tornado bodes ill for homeowners insurance in Oklahoma and Kansas

May 21, 2013May 25, 2013 S.Vagus

Oklahoma tornado damage - homeowners insurance industry

Homeowners insurance claims teams deployed to states affected by disaster What is being called the worst tornado disaster in world history has caused havoc in Oklahoma and Kansas this week. A powerful tornado has touched down in Oklahoma, causing significant damage in Oklahoma City. Initial reports suggest that the tornado demolished an elementary school in one part of the city before moving on an causing more damage to surrounding properties. Farmers Insurance is one among several companies that have deployed claims teams to help manage the impact of the disaster…

Insurance fraud charges faced by Big Brother Africa celebrity

May 21, 2013May 25, 2013 Julie Campbell

Wendall Parson from Zimbabwe was one of the show’s winners and has now been arrested. One of the two winners of Big Brother Africa Amplified, in 2011, Wendall Parson from Zimbabwe, has just been arrested by police on allegations of auto insurance fraud. The celebrity is said to have been involved in a fraudulent policy scam worth $25,000. Police arrested Parson on the insurance fraud allegations on Friday, according to Superintendent Andrew Phiri, a police spokesperson who made the announcement of the arrest on Sunday. The accusation against Parson is…