Live Insurance News

Marine insurance sectors continues to struggle from 2012 losses

April 1, 2013March 31, 2013 Marc

Marine insurance takes a grievous blow from Hurricane Sandy It has been nearly six months since Hurricane Sandy struck the U.S. and losses from the powerful storm are still being reported and tallied. The storm, which hit the East Coast in October 2012, caused widespread flooding throughout several states, but the storm surges created by the storm also had a powerful impact on the marine market, and not just in the U.S., but around the world. The International Union of Marine Insurance has released a new report highlighting the global…

The latest summer insurance news issues for consumers

July 7, 2012July 7, 2012 Marc

Concerns and coverage needs change during the hotter months. Summer is now underway and all of the favorite activities for the hot weather are starting to be enjoyed. However, before you get your vacation fully underway, it’s important to make sure to check with the latest insurance news and know that you have all the coverage you need. Whether you’re buying a boat, renting a cottage, or installing a pool, consider summer coverage needs. All too many people don’t give insurance news statistics a second though, putting themselves at risk…

Boat insurance is now taking dogs and other animals into account

June 11, 2012April 14, 2014 Nordstrom

Some pet insurance coverage now includes injuries on the water. The largest recreational boat owners group in the United States, BoatUS, has just announced that it has launched a number of programs that are designed specifically for owners of dogs and other animals, such as the pet insurance coverage that is being offered through its boat insurance. The coverage is available to boaters through the BoatUS Marine Insurance Program. It first came effective on June 1, 2012, and is a form of pet insurance protection that will automatically include a…

Chubb announces availability of a new form of boat insurance

May 11, 2012May 25, 2012 H. Cutner

New and enhanced watercraft coverage now offered with several potential advantages. Chubb Insurance Company of Canada has now released its new and enhanced boat insurance policy which includes a number of different opportunities for watercraft owners, such as a special discount, broadened navigational coverage, improved options for deductibles, larger coverage against damage, and travel-sized policy certificates. The new policy now offers a discount of 5 percent if Chubb Canada is also the homeowners policy provider. Multiple policies with the company means a significant savings to watercraft owners, who will also…

Getting your watercraft ready for use and buying boat insurance

May 6, 2012April 30, 2013

Boating season is getting started, so it’s time to prepare your vehicle and review your boat insurance. Now that the warmer weather is well underway, many watercraft owners are keen to take their vehicles out of storage and begin their use; but it’s important to take the proper steps to prepare it, including reviewing your boat insurance and making sure it’s up to date. Though your boat may have been in perfect working order the last time you used it, a lot can happen to change that condition when it…

What should you ask your boat insurer to get the best coverage?

March 25, 2012March 24, 2012 Marc

As you get ready to launch your boat for the first time this year, it’s important to make sure that you start by purchasing your boat insurance and that you obtain the right level of coverage for the best price. To accomplish this goal, you’re going to want to make sure to ask the boat insurance company a few questions before you make your final purchase: • How much coverage is there for someone who borrows the boat? Different policies provide varying degrees of coverage for passengers, crew, and people…

Progressive Insurance adds to mobile commerce offerings with recreational and sports vehicle coverage quotes

March 9, 2012March 9, 2012 Nordstrom

Progressive Insurance has announced that it has expanded its mobile commerce offerings to consumers by adding the ability to use a smartphone or tablet in order to receive quotes for the coverage of motorcycles, RV’s boats, and other recreational and powersports vehicles. Progressive Insurance is already the leading motorcycle insurance company in the United States, and is also the top boat and RV insurer. Clearly, it saw the benefit in expanding its current mobile quote optimization to include this group of vehicles as well as more traditional cars, SUVs, pickups,…