Live Insurance News

Life insurance product for scuba divers now offered

October 16, 2013October 14, 2013 G. Turner

An insurer has just released a type of policy specifically for these underwater adventurers. As adventure sports start to become more popular, the several sectors of the industry, such as life insurance, have responded by coming up with products that are specifically designed for the needs of participants. Now, a new product has been released that targets individuals who enjoy scuba diving. The insurer behind this new product is Lifeline Direct Insurance Services, which often looks to develop products for specific lifestyles. They have observed that there is a need…

Terrorism insurance program overdependence not recommended by A.M. Best

October 15, 2013January 7, 2014 Julie Campbell

The rating agency has said that this tendency could lead to a considerable problem in the United States. A.M. Best, the large rating agency, has provided insurers with a bold recommendation, which is not to build an overreliance on whether or not there is a reauthorization of the terrorism insurance program in the United States. The future of that program remains up in the air and A.M. Best feels that it is wiser not to completely rely on it. The agency feels that insurers should not count on the Terrorism…

Oil insurance between India and Iran hits delay

October 10, 2013October 8, 2013 Julie Campbell

oil insurance news Iran imports stopped from india

This has led the container and crude trade between the countries to experience a considerable disruption. Uncertainty over oil insurance coverage has caused crude and container trade between India and Iran to grind to a halt in some areas and face massive disruptions in others, as certain ships now find themselves stranded outside the ports of both of those nations. These delays have happened as a result of the lack of approval from New Delhi regarding the Iranian coverage. The Indian approval had not yet been granted to Iranian underwriters…

Insurance news from Michael Jackson case could change industry

October 7, 2013October 5, 2013 Julie Campbell

Many feel that this case could alter the way that artists and concerts obtain their coverage. Though not seen as a part of the actual performance, coverage plays an enormous and vital role in making certain that a star will be able to be on stage, and the latest insurance news from Michael Jackson could play a sizeable role in the way that this process occurs from now on. These insurers are responsible for paying for times when the star can’t perform and when concerts are canceled. A jury in…

Auto insurance is using technology to focus on driver behavior awareness

October 3, 2013October 1, 2013 Julie Campbell

As usage based programs become more common, it is changing the future of this part of the industry. As both vehicle and telematics technology continue to evolve and usage based programs come closer to the mainstream, the auto insurance industry is placing a much greater focus on the actual behaviors of the consumer, while behind the wheel. Some industry experts feel that coverage is now becoming a tool to encourage motorists to become better drivers. At the same time, it also means that increasing automation in vehicles, to the degree…