Live Insurance News

Insurance technology over mobile is helping agents and brokers

June 1, 2015May 31, 2015 Julie Campbell

From smartphones and tablets to mobile apps and web portals, tech is easing the strain on these industry pros. When it comes to agents and brokers working at smaller firms, insurance technology is helping to be able to keep up with the various processes that are an absolute necessity but that can be very time consuming. Some of these processes include policy details, confirmation of coverage, proof of coverage, and payments reviews. The reason is that brokers and agents receive many calls every day that are based on transactions. This…

Gun insurance may soon be required by all firearm owning Americans

June 1, 2015May 30, 2015 G. Turner

A new House bill has been introduced that would mean that owners would need to carry liability coverage. House Democrat Rep. Carolyn Maloney (NY) introduced a bill, last week, that would mean that Americans who own firearms would also need to purchase a gun insurance policy to ensure that they have a minimum level of liability coverage. The Firearm Risk Protection Act was opened up to Congress on Friday and would require insurance policies. This gun insurance coverage would need to be in place before a consumer would be able…

Disasters in Texas and Oklahoma highlight importance of flood insurance

June 1, 2015May 30, 2015 S.Vagus

Floods in two states cause significant damage and loss of life Both Texas and Oklahoma have been inundated with rain this month, which is somewhat unseasonable for both of these states. Severe rainstorms have caused a massive amount of flooding in both states, leading to damage to thousands of homes and vehicles and even the loss of life. Insurance adjusters have been deployed to these states in order to assess the damage caused by floods. For many homeowners, damage caused by floods will not be covered by their insurance policies,…

Travel insurance tips offered to Pennsylvania vacationers

May 29, 2015May 25, 2015 Julie Campbell

The Insurance Department in the state has released advice for residents of the state before they head away. The warming weather means one thing to many people across Pennsylvania, and that is the preparations for the summer vacation season, about which they are now being provided with a range of travel insurance tips. The Pennsylvania Insurance Department is reminding vacationers to look into the right insurance coverage. The Insurance Department has released a checklist for people across the state, before they head away on vacation. Being away will impact many…

Ohio insurance industry hit by severe weather

May 29, 2015May 27, 2015 Marc

climate change weather storm insurance industry

Recent storms put some financial pressure on insurance companies operating in Ohio Recent storms have had a major impact on the insurance industry in Ohio. Recently, a tornado struck Green County, causing several thousands of dollars in damages. Though insurers do not expect losses to be to the degree of severe storms in the past, the recent storm is yet another blow to the insurance industry, which has begun to show concern for the increase in frequency of natural disasters. Some of these concerns are related to the potential effects…