Crop insurance could cost American taxpayers record amounts

private Crop Insurance

Droughts and floods could require $15 billion in U.S. taxes to subsidize this year’s program. Taxpayers in the United States may be facing a record breaking $15 billion in order to be able to continue subsidizing the privately operated crop insurance program, following the devastation from massive droughts throughout the Farm Belt, and flooding in other agricultural regions. Congress is currently seeking a way to help to control the skyrocketing costs. It has been a topic of a great deal of debate and discussion as Congress tries to reduce the…

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Renters insurance now available from Esurance in Illinois

renters insurance esurance

Coverage premiums in the state will be starting as low as $16 per month. Although Esurance is best known for being an auto policy company that sells directly to the consumer, in Illinois, it is now also offering renters insurance to residents of that state. The policies are available to both existing and new customers of the insurer. This added renters insurance is being sold as an add-on to the auto coverage, which is the main product offered by the insurer. It is not, however, being sold as a standalone…

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Usage based insurance launched by Allstate in NY

New York auto insurance

Safe drivers in New York will be able to take advantage of potential savings on their premiums. Progressive may have taken the first steps into New York with usage based insurance, but Allstate isn’t far behind, and is now offering drivers in the state the opportunity to save money on their monthly premiums based on their safe driving habits. Motorists that demonstrate a lower risk of making a claim may save money every month. The Allstate usage based insurance program is known as “Drive Wise”. Though it is only just…

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Celebrity insurance video spoof with Kylie Minogue

Kylie Minogue

The singer bares her bottom in a fake advertisement from UK artist Katerina Jebb. Kylie Minogue made celebrity insurance news when she exposed her rear end in the spoof video ad by U.K. artist Katerina Jebb, which is now going viral across the web. The singer took part in the fake ad for body coverage. Minogue took part in the joke body coverage policy ad that has her stepping up a long flight of stairs in slow motion while wearing a sleek, white, long evening gown which is so low…

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Insurance news from California insurer involves massive policy payments

Funeral insurance makes insurance news headlines

A Texas funeral policy company must pay out $25 million to its customers. A recent settlement in California has made insurance news as it has caused an insurer based in Texas to have to issue payments of $25 million in funeral policies to its customers. Officials in California have just reached this agreement with Forethought Group Inc. Forethought Group is a financial planning company and insurer that has been selling end-of-life and retirement planning. It underwent an audit in 2008, which identified an issue with the processes of the company,…

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