Live Insurance News

ADM to use drones to investigate crop insurance claims

April 24, 2015April 23, 2015 Marc

commercial drones crop insurance industry news

ADM wins approval to use drones to collect crop insurance data Archer Daniels Midland Co. (ADM), a food processing and commodities provider that offers insurance coverage through captives, may soon begin using drones to investigate crop insurance claims. The ADM Crop Risk Services branch has won approval to use drones for such a purpose from the Federal Aviation Administration. This approval makes ADM one of the very few companies in the insurance industry that has managed to receive approval from the Federal Aviation Administration to use drones for a commercial…

Insurance industry calls for action on climate change

April 24, 2015April 23, 2015 S.Vagus

Report from coalition calls for better disaster preparedness A coalition of large insurer, consumer advocacy groups, and environmental organizations called SmarterSafer has release a report that is urging the U.S. to overhaul its disaster policies in light of increasingly disastrous weather related to climate change. The insurance industry has expressed concern over climate change for years, urging companies to prepare for violent weather and petitioning governments to take more action against this phenomenon or risk potential financial disaster. Report highlights the fault of the disaster framework in the United States…

Georgia governor likely to sign autism insurance bill

April 23, 2015April 22, 2015 Julie Campbell

Before April is through, it is expected that Nathan Deal will be adding his signature to the legislation. Senate Bill 1, an autism insurance bill, is among the hundreds of bills that are currently sitting on the desk of Georgia Governor Nathan Deal, and is among those that are expected to be signed before the end of the month. In this case, the insurance legislation will be called Ava’s Law, should it be passed, named after Ava Bullard. If it does become a part of the autism insurance law in…

Auto insurance fraud could lead to a spike in premiums in the UK

April 23, 2015April 22, 2015 Logan B.

Insurance premiums may rise due to insurance fraud Auto insurance prices in the United Kingdom may be in danger of spiraling out of control, according to AA Insurance. Over the past few years, insurance premiums have been falling for drivers throughout the country, but this may soon change if action is not taken against the growing problem of insurance fraud. AA Insurance suggests that fraud is becoming a very problematic issue in the auto insurance sector, with insurers facing significant financial losses from fraudulent claims. Fraudulent claims are having an…

Health insurance exchange in Idaho boasts of high enrollment numbers

April 23, 2015April 22, 2015 Nordstrom

Idaho is ranked fourth in terms of enrollment in insurance exchange Idaho’s health insurance exchange has proven to be successful. The exchange is ranked fourth in the nation in the number of people enrolled per capita. Many people living in the state have managed to find the health insurance coverage they need through the exchange. A significant portion of these people are receiving subsidies from the federal government, which help them afford the coverage that they have purchased through the state’s exchange, called Your Health Idaho. Exchange manages to find…