Tag: insurance company

Crashed Virgin Galactic spaceship had $40 to $50 million in insurance coverage

Julie Campbell
Virgin Galactic Space Tourism insurance coverage

The primary underwriter that will be responsible for the payouts is going to be AIG. The disaster that occurred on Friday when the Virgin Galactic spaceship crashed has approximately $40 to $50 million in insurance coverage, and the main insurer that is going to be responsible for those payments is reported to be AIG. This, according to the broker on the deal, Jardine Lloyd Thompson, a British brokerage and insurance services provider. At the time that this article was written, AIG declined the opportunity to comment on this insurance coverage.…

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Casey Kasem Life insurance battle is now headed to court

Julie Campbell
Casey Kasem signature life insurance

The war within the legendary radio personality’s family over his estate will now be settled in the courtroom. The fights between the children and the second wife and widow of radio legend Casey Kasum (who died in the summer of 2014) didn’t start with the raging disagreements over his estate and the massive life insurance check that comes with it, but those are the latest issues being faced, and they are now headed to court to allow the legal system to try to figure them out. The life policy carried…

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Insurance company goes under and leaves Pennsylvania taxi business uninsured

H. Cutner
taxi cab auto insurance news company

Some cabs in Harrisburg have now had their service suspended when they suddenly lost coverage. Pennsylvania commuters and tourists might find it just a little bit harder to get a cab, over the next while, as the operations of sixty six taxi and limo services were suspended by the Pennsylvania Public Utility Commission (PUC) when their insurance company could no longer provide coverage. It turns out that their insurance provider is now destined to be liquidated and is no longer capable of paying future claims. The commission’s press secretary, Jennifer…

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Insurance company AIG to pay $35 million fine

Julie Campbell
AIG Insurance company CEO - Building in Manhattan

The American International Group will be paying the penalty to the New York industry regulator. The American International Group insurance company is now required to pay a $35 million penalty for the violations of its former subsidiaries that had been selling coverage without a license in New York. This, according to a statement issued by the New York State Department of Financial Services. According to the statement from the department, former units of AIG had not only been selling within the state without proper licensing, but they had also been…

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Insurance company releases support guide for all Americans with breast cancer

Julie Campbell

Allstate is working with Hollye Jacobs, who is a survivor as well as the author of “The Silver Lining”. The Allstate insurance company has announced that it will now be working with Hollye Jacobs, the bestselling author of “The Silver Lining” and a breast cancer survivor, in order to offer everyone in the United States who has been diagnosed with the disease a support guide. October is Breast Cancer Awareness Month and the insurer will be offering “The Silver Lining Companion Guide. Everyone in the country who has received a…

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