Live Insurance News

Life insurance had been sought by AEG to cover Michael Jackson

May 23, 2013May 25, 2013 Julie Campbell

Executives from the company had been attempting to purchase a policy only days before the singer died. Testimony and emails that were presented in court, this week, revealed that within a span of only days before the death of Michael Jackson, executives from AEG had still been working to try to obtain a life insurance policy to cover the celebrity who seemed increasingly erratic at his comeback tour rehearsals. The company became concerned that Jackson’s behaviors could cause him to get hurt. One of the emails shown to the court…

Insurance fraud charges faced by Big Brother Africa celebrity

May 21, 2013May 25, 2013 Julie Campbell

Wendall Parson from Zimbabwe was one of the show’s winners and has now been arrested. One of the two winners of Big Brother Africa Amplified, in 2011, Wendall Parson from Zimbabwe, has just been arrested by police on allegations of auto insurance fraud. The celebrity is said to have been involved in a fraudulent policy scam worth $25,000. Police arrested Parson on the insurance fraud allegations on Friday, according to Superintendent Andrew Phiri, a police spokesperson who made the announcement of the arrest on Sunday. The accusation against Parson is…

Healthcare reforms will ensure rehab services of celebrity quality

May 2, 2013April 30, 2013 H. Cutner

The new federal coverage laws will ensure that citizens will have the same services Cory Monteith is using. The importance of rehab services has been in the spotlight this week as Cory Monteith, of Glee fame, completed his own stint to recover from drug abuse, and at the same time, it has brought the healthcare reforms and their addiction coverage into the spotlight. The changes to the law, which will go into effect next year, will make sure these services are available to everyone. The lead actor may be an…

Life insurance policy on Jessica Simpson to be split between divorcing parents

April 29, 2013April 27, 2013 Julie Campbell

The massive policy first made headlines when it was discovered that it was taken out in secret. Jessica Simpson’s father, Joe Simpson, first made life insurance headlines when it was discovered that he had taken out a major life insurance policy on his daughter. Now, that coverage will be split in the divorce between Joe and Tina Simpson. If he had intended to be able to keep the life insurance to himself, he lost that opportunity as assets are being divided in his divorce proceedings. Now that the couple has…

Insurance news being made by Amy Grant and her father

April 12, 2013April 10, 2013 G. Turner

The Grammy award winning singer has announced her support for the NAIC in light of her dad’s health. The National Association of Insurance Commissioners has placed itself in the insurance news spotlight, as it makes headlines through the support that it has received through Amy Grant. The musician has been speaking about the importance of coverage to protect consumers against the unexpected. Grant has been making insurance news headlines as she highlights the benefits of purchasing policies to guard against damaging events. She explained that “Planning ahead and getting smart…

Insurance fraud accusation issued against Timbaland

April 2, 2013April 1, 2013 Julie Campbell

A missing watch insurance claim is leading the insurer of the musician to call it an attempted scam. Timbaland’s insurer is currently working to shut down a claim that the rapper and record producer has made regarding a missing watch, stating that the filing is nothing more than a case of insurance fraud. The musician is seeking a payout for a watch which was covered under his policy with the insurer. However, that insurer said that the payout of $1.8 million that is being sought is being labeled as insurance…

Nebraska insurance firm files lawsuit against Lance Armstrong

March 4, 2013March 2, 2013 Julie Campbell

Nebraska insurance company sues Lance Armstrong

The insurer has now sued the cyclist for collecting performance bonuses worth $3 million by cheating. Lance Armstrong isn’t finished seeing the backlash from the discovery that he cheated during his major cycling competitions – such as the Tour de France – as a Nebraska insurance company has now filed a lawsuit against him for wrongful collection of payments. The company alleges that he cheated in order to take in a $3 million performance bonus. This performance bonus was offered by the Nebraska insurance company when Armstrong’s team purchased a…