Category: Insurance News Articles

Posting the most up to date insurance news for both consumers and industry professionals. Learn more about what is going on in your world just by checking out our featured headlines section.

Insurance news story develops from Sony’s “The Interview”

Julie Campbell
The Interview - Sony - Insurance News

The entertainment giant could find itself struggling to cover the cost of the massive losses from its film. Although large corporations like Sony need to purchase coverage in order to be able to protect themselves against a tremendous range of different types of risks, an insurance news story is one of the many developing issues resulting from the cancellation of the release of the film called “The Interview.” It has been reported that Sony stands to lose about $100 million as a result of the movie’s cancellation. Sony decided not…

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Crop insurance unit at Deere to be sold to Farmers Mutual Hail

G. Turner
crop insurance claims

The largest agricultural machinery company on the planet has agreed to the sale of its coverage business. After having experienced several years of losses, Deer & Co. has now agreed to sell its crop insurance unit to the Iowa based company called Farmers Mutual Hail Insurance Co. This allows the agricultural equipment manufacturer to shed a component of its business that has been quite costly. The sale of the crop insurance involves two of the company’s coverage units. These are: John Deere Risk Protection, and John Deere Insurance Co. The…

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Governors seek extension of Children’s Health Insurance Program

S.Vagus
CHIP Health Insurance for Children

Governors come together to support the renewal of funding for CHIP A coalition of governors from 39 states have come together to support the extension of the Children’s Health Insurance Program (CHIP). The program currently provides an estimated 8 million children and their families with insurance coverage. CHIP is a federal program, whose funding will expire at the end of October 2015 if Congress does not take action on the issue. The group of governors is pressuring federal lawmakers to renew funding for the program so that children and their…

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Is homeowners insurance enough to protect residents against fracking

Julie Campbell
Texas homeowners insurance fracking wastewater earthquakes

Property owners in areas where hydrofracking are discovering that they may not be as safe as they thought. Hydraulic fracturing, also known as fracking, is spreading to a growing number of regions across the United States, and while the method of extracting natural gas from the Earth is a controversial one, homeowners insurance policyholders are starting to wonder how much protection they truly have against some of the potential damaging events that could occur as a result of the technique. In a number of parts of the U.S., many are…

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Idaho health insurance exchange is off to a good start

Marc
Idaho health insurance

State officials make note of the exchange’s strong performance Idaho officials claim that the state’s health insurance exchange is off to a good start. Your Health Idaho, the state’s exchange, has reported that it has received 74,689 enrollments since the begin of the open enrollment period through December 14. Enrollments are a combination of new applicants and those renewing the coverage they found last year through the exchange. The state’s efforts to promote the exchange seem to have been successful thus far. Idaho exchange manages to recover from the technical…

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