Hurricane insurance losses from Hermine won’t hurt the industry

G. Turner
hurricane season insurance losses storm

The storm that made landfall in Florida on Friday certainly left damage behind, but nowhere near the worst. When Hermine made landfall in Florida, it left the first hurricane insurance losses seen in the state since 2005. While there were concerns that it would strengthen significantly, but fortunately the worst case didn’t happen. Hurricane Hermine left hundreds of thousands without power while flooding certain areas. Industry analysts have taken a look at the initial damages and have predicted that hurricane insurance losses won’t be crippling to property insurers. While the…

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Amtrak insurance appeal leads to partial victory

Nordstrom
Amtrak insurance appeal train railway

The railroad service has now secured a part win in U.S. appellate court in a case dating back to Superstorm Sandy. The latest Amtrak insurance appeal has left the railroad with a partial victory. This is the result of the newest step from the company to obtain insurance coverage payments following Superstorm Sandy. The massive 2012 hurricane caused over $1 billion in damages to the railroad service. Since that time, Amtrak has been trying to recoup some of those losses through its insurance policies. The latest ruling was in the…

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Tesla auto insurance becomes the company’s next venture

Logan B.
Tesla Auto Insurance

The company best known for its electric cars is now stepping into the coverage side of the business. Tesla auto insurance is now underway. The electric car company has now opened the doors to a new revenue stream. This has meant to give consumers more options when trying to find coverage for their electric vehicles. Traditional insurance plans don’t always suit the needs for the complexities of all-electric cars. The InsureMyTesla policy is meant to be a solution to this problem. Tesla auto insurance will be offered exclusively for covering…

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Health insurance exchange enrollment is nowhere near predictions

H. Cutner
health insurance exchange

In fact, current statistics show that participation is less than half of what it was expected to be by now. Health insurance exchange enrollment is currently less than half of initial predictions. The lack of participation in the health care law as predicted has caused these marketplaces to undergo a considerable shift. Several major insurers have stopped selling their health plans due to the expense associated with them. Recent Kaiser Family Foundation forecasts indicate that consumers will have far less choice next year. Health reform analyst from the Kaiser Family…

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Insurance fraud plot led Vietnam woman to cut off her limbs

Julie Campbell
insurance fraud scam hit by train

The woman has admitted to paying for an amputation to be able to make a claim on a policy. A Vietnamese woman has now admitted to a gruesome form of insurance fraud. In order to obtain a payout on a policy she held, police say she claimed to have been hit by a train. In truth, she had paid to have her foot and part of her arm cut off. The woman was thirty years old at the time and pretended to have been struck by a passing train. Ly…

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