Live Insurance News

Suspicious insurance policy purchases may offer evidence in murder case

January 4, 2016January 3, 2016 Julie Campbell

A police chief accused of murdering his pregnant fiancée purchased massive amounts of coverage beforehand. In South Dakota, a former police chief has now been accused of the murder of his pregnant fiancée in what had previously appeared to be a hunting accident but that has since turned suspicious when it was discovered that more than one life insurance policy was purchased only a few months ahead of the death. Over $750,000 in life insurance coverage was taken out by the couple months before she died. The man in question,…

National Flood Insurance Program provides homeowners with helpful tips

January 4, 2016January 3, 2016 G. Turner

In response to the flooding in Illinois and Missouri, the NFIP has offered advice with regards to what can be done. The National Flood Insurance Program has recently responded to the damaging flooding in Illinois and Missouri and, as a part of this effort, it has issued a list of tips to people who have been affected by the rising waters in order to provide them with recommendations with regards to what they should be doing both during and after the floods. Officials from NFIP want to improve education about…

Homeowners insurance premiums may grow in Texas due to natural disasters

January 4, 2016January 3, 2016 S.Vagus

2015 has been filled with natural disasters, placing pressure on Texas insurers This has been a troublesome year for many homeowners in the United States when it comes to natural disasters. In Texas, powerful storms have left many homeowners with damaged properties and the storms may have a significant impact on homeowners insurance overall. Insurers are expected to experience financial losses due to the high number of claims that have received as a result of the storms in Texas and this may lead to higher insurance premiums in 2016. Hail…

Auto insurance laws in Minnesota change for 2016

December 31, 2015December 29, 2015 Julie Campbell

Drivers should be aware of the new requirements and make sure to have their proof of coverage handy. For anyone in Minnesota who is getting set to purchase a new car, is purchasing a new auto insurance policy or who is renewing a policy will need to be ready to comply with the new laws. Part of those new regulations involve having to provide proof of insurance information at certain times. For instance, for residents of the state who are looking to renew their license tabs on an existing vehicle,…

Auto insurance fraud suffers a blow in the United Kingdom

December 31, 2015December 29, 2015 Marc

UK Ministry of Justice puts an end to compensation for minor whiplash injuries The United Kingdom government is working to combat auto insurance fraud and the Ministry of Justice is putting an end to compensation for minor whiplash injuries caused by car accidents. Instead of receiving compensation from their auto insurance providers, their rehabilitation will be paid for, which the government expected will save consumers an estimated $1 billion a year in insurance costs. Moreover, cutting down of fraudulent claims may lead to a decrease in auto insurance premiums. Changes…