Live Insurance News

Bitcoin insurance arrives at Mitsui Sumitomo

November 29, 2016November 25, 2016 Marc

The Japanese insurer has announced a new product line providing coverage for domestic cryptocurrency. Mitsui Sumitomo, an insurer from Japan, has announced the launch of a line of Bitcoin insurance products. The goal is to provide coverage for the domestic cryptocurrency market. These types of digital currency are providing new opportunities for markets and conventional businesses in the country. The insurance industry has been seeing a considerable boost in demand as a result of Bitcoin-like currencies. Mitsui Sumitomo clearly intends to ensure it will not miss opportunities in these areas.…

Kanye West insurance payout could reach $30 million

November 28, 2016November 25, 2016 H. Cutner

The performer cancelled the rest of his tour as a result of reported mental health problems. Media reports suggest that the Kanye West insurance payout could be as high as $30 million following his tour cancellation. The hip hop celebrity announced the cancellation of the remainder of his tour as a result of health struggles. He was hospitalized last week following an incident while he was at his trainer’s house. Reports indicated that the police had been initially called for a domestic disturbance, later deemed a medical emergency. The star…

Black Friday auto insurance claims expected to spike

November 25, 2016November 23, 2016 G. Turner

Vehicle Theft black friday auto insurance claims

Consumers are being warned to take extra care not to draw attention to their vehicles from thieves. Black Friday auto insurance claims are always higher than the typical end of the workweek. As shoppers rush around trying to find the best possible deals, thieves attempt to grab those discounted items right out of the vehicles. NICB data showed that there were more than 2,000 reports of stolen vehicles on three days last holiday season. Christmas Eve, New Year’s Eve and Black Friday auto insurance claims for stolen vehicles broke the…

Health insurance companies are making Americans happier

November 23, 2016November 21, 2016 Julie Campbell

affordable care act health insurance coverage

Recent data shows that consumers are more satisfied with their insurers than they were 2 years ago. New research is showing that people like their health insurance companies more now than they did a couple of years ago. At the same time that they seem more satisfied with their insurers, they have not warmed up to the Affordable Care Act. As insurance company satisfaction rises, people are liking the Affordable Care Act less than they previously did. Despite the fact that coverage is weakening and premiums are rising, health insurance…

Motorcycle season lasts longer with warmer fall weather

November 22, 2016November 18, 2016 G. Turner

motorcycle season helmet insurance policies

In many areas where rides would typically already be stored, riders are still out and enjoying them. The warmer fall weather this year has provided riders with a pleasant extension to the motorcycle season. At this time, many parts of the country would typically see motorcycles being readied for storage. However, in 2016 we’re still seeing riders heading down the roads. Riders have been delaying putting their motorcycles away, taking the chance for one more ride day-by-day. This mild trend has crossed over several states. There have been record high…