Live Insurance News

Insurance news is bright as the fireworks display returns for Mason

June 10, 2013June 8, 2013 Julie Campbell

For a short while, the Michigan city thought it would have to cancel the long running event. The city of Mason, Michigan, has held a fireworks display that entertains thousands of people every year for the July 4th celebrations, but for a span of four days, the insurance news looked bleak as it appeared that the coverage for the event was being withdrawn, cutting off its ability to continue this year. The organizers of the event moved quickly to find out what went wrong and to resolve the situation. From…

Forms of insurance coverage not always considered by consumers

January 15, 2012May 5, 2013

Though consumers are typically aware that they need homeowners’, renters’, and automobile insurance, there are other forms of coverage that can be offered by policies of which they may be entirely unaware unless they are highly knowledgeable about the various types of protection available. Some of them include: • Personal Electronic Equipment Insurance – this is a very practical insurance for consumers who have expensive electronic devices at home, such as televisions, audio equipment, or computers. It covers loss and damage and might even pay for repairs and replacement, depending…

CICI Lombard and Bajaj Allianz announce new wedding insurance products

January 1, 2012December 31, 2011 Julie Campbell

CICI Lombard and Bajaj Alliance insurance companies from India have announced that they are now offering a unique form of “wedding insurance” product. Though marriages are meant to be a dream come to reality, the truth of the matter is that they don’t all come to pass, and that there is a chance that they may need be stopped for any number of reasons. The insurers recognized this fact as an opportunity and developed a new product in which weddings could be insured against the possibility of postponement or cancellation…

Bikini Travel Insurance announces new product just for women

December 17, 2011May 6, 2013

Bikini Travel Insurance has announced that it has released a form of specialized travel insurance that was created by women, for female consumers. This new Bikini Travel Insurance policy is now available for purchase online. This product is particularly unique because insurance products are typically considered to be the creation of men. This product breaks away from that tradition and focuses specifically on consumers who are women, with their travel behaviors and needs in mind. The policies do still cover the conventional travel insurance elements such as repatriation cover and…

Organizers of American running of the bulls are heavy on thrill seekers but light on liability insurance

October 10, 2011October 10, 2011 Nordstrom

An American version of the running of the bulls, which was modeled after the famous Pamplona, Spain tradition, is expected to draw hundreds of participants, while also bringing about millions of dollars in insurance protection. Though each of the runners taking part in the quarter-mile run from dozens of rodeo bulls weighing approximately 1,500 pounds each, will be required to sign a solid and exceptionally comprehensive liability waiver, there have been several additional insurance policies taken out to protect the organizers from any form of liability that they can imagine.…

Hurricane Irene spurs growth in wedding and event insurance

September 13, 2011September 13, 2011 Julie Campbell

When Hurricane Irene made its way up the East Coast of the United States, it destroyed homes and businesses, ripped up trees, downed power lines, and disappointed many who had been preparing for important events such as weddings. The majority of couples who had intended to get married during the week of August 28, 2011, were forced to either cancel their weddings or at least postpone them until a later date. Hurricane Irene made the risk of this type of unforeseen event quite real to many other couples who have…

Don’t get left at the alter without wedding insurance

March 26, 2011March 26, 2011 H. Cutner

Inflation has taken its toll on everything; including the price of weddings. Research shows the average cost for a wedding is between $15,000 and $25,000. If you went out and bought a car that costs this much; you would insure it. People insure their homes, art collections, even their pets; it only makes sense to protect your wedding investment also. Wedding insurance sales are on the rise. With the average cost of a wedding being so much, many people are opting to have insurance coverage for their special event. Statistics…