Live Insurance News

Health insurance coverage is now protecting more Americans

September 19, 2014September 17, 2014 Julie Campbell

Health Insurance coverage - uninsured drops

A new survey has shown that the number of uninsured people in the United States has dropped. This week, federal researchers have reported that in the first quarter of 2014, there was a substantial decline in the number of people in the United States who do not have health insurance. This represents the very first official federal measure of the number of uninsured people, this year. This represents the first time the federal government has measured the number of Americans without health insurance coverage since the individual mandate of the…

Auto insurance available through Walmart in Ohio

September 19, 2014September 19, 2014 G. Turner

The massive retailer has now expanded its online car coverage into the state for the first time. As of this week, the largest retailer in the world has expanded its service for selling auto insurance online into the Ohio, to bring its total number of states where it offers the coverage to eleven. Walmart first launched the service for the first time back in May, and it has been expanding it steadily. The auto insurance program is being run through AutoInsurance.com and it gives consumers the opportunity to conduct a…

Auto insurance fraud is causing trouble in the UK

September 19, 2014September 19, 2014 Nordstrom

New report shows the prevalence of insurance fraud throughout the United Kingdom The Association of British Insurers has released a report concerning auto insurance fraud in the United Kingdom. According to the organization, some 500 people lie on their insurance applications forms every day. The report shows that in 2013, 3,500 fraudulent applications were filed with insurance companies every week. These applications contained information that was inaccurate, if not outright incorrect. Applicants often left out important information that would determine the cost of their insurance coverage. Fraudulent insurance applications are…

Auto insurance for self-driving vehicles is a hot topic in California

September 19, 2014September 19, 2014 S.Vagus

State regulators are beginning to show more attention to insurance issues involving automaked vehicles Self-driving cars could become more common in the future and this may have an impact on auto insurance. The California Department of Insurance is advising the state’s insurance companies to prepare for the eventual proliferation of automated vehicles. Insurance Commissioner Dave Jones has been gathering data about these vehicles and the technology behind them, hoping that insurers will use this data to adapt more quickly to a future where drivers are a thing of the past.…

Oil insurance payout of $750 million for Transocean sought by BP

September 18, 2014September 17, 2014 Julie Campbell

The company is attempting to use a technicality to convince a court to permit them access to policies. BP, which has paid over $28 billion in order to cover the costs of the oil spill disaster in the Gulf of Mexico, which occurred in 2010, is now attempting to receive $750 million of that amount back again by working to convince a court in Texas that it should be able to access oil insurance that covered Transocean Ltd. BP is hoping that a missing comma would show that it is…