Live Insurance News

Cyber insurance could be lacking for banks when it comes to protection

September 9, 2014September 6, 2014 S.Vagus

Banks may not benefit from cyber liability insurance as much as they may believe Recent cyber attacks have highlighted the dangers that exist in the digital world. These dangers are still not fully understood, due to the fact that many businesses have only very recently begun the process of “digitizing” themselves. Banks are among those that have only recently begun to grow more digital, and this means that cyber insurance is beginning to attract more attention from these financial service organizations. The problem is, however, that insurance may not be…

Federal insurance exchange website hacked

September 8, 2014September 6, 2014 Julie Campbell

hacked phone federal health insurance exchange

The hacker was able to break in and upload malicious software, but reports say that personal data remained safe. According to federal officials, a hacker was able to make its way into the HealthCare.gov federal insurance exchange website back in July and even managed to upload malicious software into the site. That said, investigators have stated that there is no evidence that consumer personal data was accessed. They said that personal data of consumers was neither viewed nor taken during the breach of the federal insurance exchange site. At the…

Auto insurance no-fault program in Michigan faces appeal

September 8, 2014September 6, 2014 G. Turner

The system is going to be headed to the state Supreme Court due to the high rates it has caused. A group called the Coalition Protecting Auto No Fault (CPAN) has filed a lawsuit against a private fund that provides people with reimbursements when they have been seriously injured in vehicle accidents, as they claim that this is driving auto insurance rates higher. The group is seeking to determine how insurance rates are being affected by this practice. The issue that the CPAN is hoping to resolve primarily concerns information.…

Health insurance policies sold through South Carolina exchange may become more expensive

September 8, 2014September 6, 2014 Logan B.

Department of Insurance believes that insurance policies will increase in cost next year The South Carolina Department of Insurance has predicted that the four health insurance companies that are selling policies through the state’s insurance exchange will again sell these policies during the exchange’s next open enrollment period. These plans will go active next year, but the agency believes that they will be more expensive than they were during the last open enrollment period. The agency will not know for sure if these policies will be more expensive until later…

New regulations target auto insurance laws in North Carolina

September 8, 2014September 6, 2014 S.Vagus

Regulations could benefit drivers in North Carolina New regulations may have a major impact on drivers throughout North Carolina, if they are approved by the state’s lawmakers. These regulations would change the state’s auto insurance laws, which were created in 1957 and have seen little reform over the years. The regulations have managed to win strong support from the state’s insurance companies, many of whom are eager to see changes to insurance laws in order to better manage modern trends and risks in the state’s market. Insurers show support for…