Live Insurance News

Earthquake insurance reminders come in many forms

March 31, 2014March 29, 2014 Julie Campbell

From the 50th anniversary of the Great Alaskan Earthquake to the tremor in Southern California, risks remain present. Another tremor has rocked Southern California, this one on Friday, just in time for the fiftieth anniversary of the quake that occurred in Alaska and to remind business owners and homeowners of the importance of earthquake insurance. This is the second quake to strike California in as many weeks and it sends a message to property owners. Earthquake insurance is not included in the standard homeowners or business policy and should be…

Mudslide insurance likely won’t cover Washington victims’ homes

March 27, 2014March 25, 2014 Julie Campbell

The majority of homeowners policies do not include protection for this type of disaster. The already devastating recent news for homeowners who have suffered tremendous losses – or even who have lost everything – in the deadly Washington disaster, could become much worse as most likely do not have mudslide insurance coverage to protect them. The Snohomish County community will likely discover that this bad news is only going to get worse. Unfortunately, mudslide insurance is not included in standard homeowners and business policies. Additional coverage above and beyond the…

Insurance industry losses are massive due to disastrous winter weather

February 26, 2014February 24, 2014 G. Turner

Over $1.4 billion in losses have been seen due to the extreme conditions that have been experienced. With continual snow and temperatures that are continually below the averages, the insurance industry is starting to feel the same winter blues that are being experienced by the cabin feverish residents of the icy and snowy regions of the country. As much as snowplows and two truck drivers are frustrated, the losses seen by insurers is even greater. According to the data that was issued by Impact Forecasting, the extra wave of severe…

Cyber liability insurance interest spikes following major data breaches

February 20, 2014February 25, 2014 Julie Campbell

Recent news headlines from large trusted companies such as Target and Kickstarter have caused serious worry. With a steady stream of data breaches at major corporations continually making recent news, the need for cyber liability insurance has become much clearer and companies are starting to take action by buying at a higher rate than they have done in the recent past. Businesses are starting to realize that nobody is really safe against a determined online criminal. Target recently revealed that hackers had broken into their files and had stolen the…

Cyber liability insurance gains popularity outside of corporations

February 18, 2014February 15, 2014 Julie Campbell

Other types of organizations, including school boards, are now investing in the coverage. Following the latest tremendous data breach – the one that struck Target and that gave hackers access to the consumer debit and credit card account information from about 40 million people – a growing range of types of organizations are looking into cyber liability insurance and the type of coverage that it can provide them. Ann Arbor Public Schools is the latest to join this flood of non-retail groups that are covering themselves. While Target fights to…