Live Insurance News

AIG insurance drones receive FAA approval

April 13, 2015April 11, 2015 Julie Campbell

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These flying devices can be used for the replacement of human inspectors for a better vantage point. Inspectors regularly need to climb up ladders onto the rooftops of buildings to check the situation after a claim has been made following a storm, for example, but this job may soon be done by insurance drones now that the FAA has made a new exception to its regulations. AIG has received the approval from the FAA to begin using drones to complete jobs that would be risky for humans. This will mean…

The best portable battery charger could be the key to proof of insurance coverage

April 13, 2015April 11, 2015 G. Turner

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A growing number of states are allowing smartphones to be used to show auto policy cards. Recently, Ohio became the latest state to allow residents to display proof of auto insurance coverage through their smartphones, which means that owning the best portable battery charger available will become the next most important piece of technology in ensuring that this digital card will always be available. Among the most common forms of criticism of this program is that it is dependent on a battery. By making sure that the best portable battery charger is…

Arkansas hires ad firm to market its health insurance exchange

April 13, 2015April 11, 2015 S.Vagus

Governing board hired ad firm to draw more attention to its insurance exchange The governing board of the Arkansas health insurance exchange, called the Arkansas Health Insurance Marketplace, has hired an advertising firm to draw more awareness to the marketplace. The firm, Cranford Johnson Robinson Woods, was contracted for approximately $5.8 million over the next two years. The contract will task the firm with designing a new website for the state’s exchange, which will be used in place of HealthCare.gov and will provide consumers with access to the exchange’s insurance…

Homeowners insurance companies in Ohio look at ‘high-risk’ dog breeds

April 10, 2015April 9, 2015 Julie Campbell

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Owners of pit bulls, among others, say that they have experienced bias when they seek policies. Ohio has had a regulation in place for about three years that has stated that the owners of all breeds of dog must be treated equally, but this has created a certain degree of controversy when it comes to homeowners insurance policies. Some dog owners have said that the breed of their pets have placed a sizeable barrier in their way. Among those challenges, homeowners insurance has been at the top of the list.…

Cyber insurance market is showing signs of healthy growth

April 10, 2015April 9, 2015 Marc

Lloyd’s of London notes that more activity is being seen in the cyber insurance market Several high-profile cyber attacks on large companies have spurred more activity in the cyber insurance market, according to reports from Lloyd’s of London. The insurance company notes that claims in the cyber market have rose by 50% for the first three months of this year. More companies are becoming concerned with the digital risks that they face. These risks could result in serious financial damage, which insurance coverage may be able to mitigate, if policies…