Live Insurance News

Insurance fraud news made when two men in Spain cut off their hands to collect

April 29, 2013May 1, 2013 Julie Campbell

The scammers were nearly successful except that they did the damage too neatly and cleanly. Two men in Spain who were hoping to collect up to $3.1 million in insurance fraud, cut off their own hands in order to be able to make an dismemberment claim, but were caught because their amputations were performed too well. The men acted in two completely separate and unrelated incidents but each had a similar plan. Unfortunately, this type of instance of insurance fraud is growing in the country, as Spain continues to be…

Insurance news from the NHLPA shows strict efforts to restore coverage

September 21, 2012April 30, 2013

The policies may have been cancelled, but the Players’ Association is working to bring it back. This week, the NHL Players’ Association made insurance news by informing its members that it would be paying for the restoration costs of all of the coverage that the league has cut off from the players and their families following the week before last. Players’ Association members, including Sidney Crosby, were cut off by the league on Monday. A memo from the NHLPA explained that “NHL has instructed the insurers to cancel all insurance…

Accident insurance offered for free to disabled people in Beijing

August 16, 2012 Julie Campbell

Over four hundred thousand to benefit from this new group coverage. The Beijing Disabled Persons Federation has announced that the 410,000 people in the capital city of China who have a disability will be receiving free group accident insurance to help them to improve their quality of life. This program is a part of a greater improvement effort to the social security network in China. By offering accident insurance to the disabled individuals in the city, it is hoped that they will be better able to integrate with the rest…

Travel Guard North America unveils new travel insurance product for outdoor adventures

April 28, 2012May 28, 2021 Julie Campbell

New Travel insurance product covers sports enthusiasts who love everything from rock climbing to camping. A leading travel insurance policy provider, Travel Guard North America, has announced its latest offering in the form of a “Great Outdoors” plan, which is designed to better meet the needs of individuals who are active and enjoy exciting outdoor activities. This new form of protection provides travelers with a streamlined, comprehensive product that covers the individuals, and their equipment and gear, while they’re away on their adventures. It has solutions for everyone from campers…

The increasing cost of care for cancer patients

March 11, 2012May 18, 2012 Julie Campbell

The National Cancer Act’s “war on cancer” went into effect forty years ago, and throughout that time, the battle has yet to be won for finding a cure. Though better treatments are becoming available, there is another problem growing for cancer patients, and that is that these treatments are not becoming any more affordable. The newest drugs can easily cost $100,000 or more for a year’s worth of treatment. Patients are being prescribed these drugs earlier on in their illness, and they are required to use them for longer periods…