Live Insurance News

Worldwide aerospace insurance renewals season could bring change

January 18, 2023January 17, 2023 Marc

The industry is facing an opportunity to look again at pricing, policy conditions and retention levels. This year’s aerospace insurance and reinsurance renewal season is arriving and is providing the opportunity to make changes for more favorable retention and pricing levels as well as policy conditions, said reinsurance broker Gallagher analysts. The global market is facing several a number of changes and renewal season is an opportunity to adapt. The aerospace insurance and reinsurance renewal season can open the door to adapt is a way that will allow insurers and…

Allstate insurance company pledges net zero carbon by 2030

January 17, 2023January 17, 2023 Logan B.

Insurance company - Net Zero Emissions by 2030

The insurer also committed to an investment portfolio that is greenhouse gas emission-free. The Allstate Corporation, one of the largest insurance companies in the United States, has announced its new commitment to achieve a string of zero emission targets. The insurer plans zero greenhouse gas emissions from direct, indirect and value-chain sources by 2030. As a closer target, the insurance company has also committed to set a target year for having a net zero portfolio by 2025. The goal is to contribute to the overall effort being made to manage…

Commissioner Lara reminds state to review California insurance coverage

January 13, 2023January 12, 2023 Logan B.

California insurance - Flag for California

The recommendation is to know exactly what is covered from floods and mudslides caused by wildfires. Insurance Commissioner Ricardo Lara has issued a formal notice to insurers to inform them that it is their legal duty to provide California insurance coverage for any future disaster such as mudslides caused by the recent wildfires. Those wildfires have left hillsides weakened, increasing risks such as mudslides and flooding. Residents in wildfire burn areas who are at an even higher vulnerability are being advised to check their California insurance coverage to be familiar…

Disability insurance challenges face many long COVID patients

January 4, 2023January 3, 2023 Marc

Employees are experiencing claims denials when applying for short- or long-term benefits in these cases. Workers who are battling with long COVID have found that they are also struggling with their disability insurance, as many claims for short- and long-term benefits have been denied when they involve that condition. Even short-term claims that are approved are often later denied for long-term benefits. According to a recent CNBC report, experts have found that disability insurance policyholders who are approved for short-term benefits can still find it difficult to receive long-term benefits.…

93 Percent of employees content with their health insurance plans

January 3, 2023December 21, 2022 Logan B.

The vast majority of workers are happy with the employer sponsored coverage they’re receiving. Most Americans are content with the employer-sponsor health insurance coverage they have and identified it as the most important benefit that they can receive from an employer, according to a Seven Letter Insight poll conducted on behalf of the Protecting Americans’ Coverage Together (PACT) campaign. The survey included the participation of 2,334 respondents covered by employer-sponsored plans. The health insurance poll took place between November 14 and November 19, 2022. The coverage was identified as the…

Some consumers are adding pet insurance to winter preparations

December 20, 2022December 18, 2022 Logan B.

US animal owners are increasingly purchasing health coverage for their cats and dogs this season. Though pet insurance can provide financial protection to dog and cat owners at any time of year in case of an illness or injury, this year, purchasing coverage has become a bit of a winter prep trend. This time of year is among the most hazardous to cats and dogs due to weather and celebrations. For years, pet insurance companies have issued animal safety recommendations to cat and dog owners in the hopes of helping…

Insurance industry crash tests were too much for most small SUVs

December 19, 2022December 18, 2022 H. Cutner

The majority of these popular vehicles aren’t any less safe, but testing is focusing on additional factors. While it’s easy to think that SUVs are getting less safe, since most of them recently failed insurance industry testing, the thing is that they’re essentially as safe as they’ve always been. It’s the tests that have changed. Newer tests include components that emphasize the safety of back-seat passengers as well. The Insurance Institute for Highway Safety (IIHS) has updated their auto insurance industry testing to place a greater emphasis on making sure…