Live Insurance News

Insurance company provides communities with catastrophe preparedness education

June 25, 2014June 23, 2014 Julie Campbell

The Allstate Foundation and Points of Light are taking a multi-city tour to help families to be ready. No matter how much we don’t like to think about them, disasters do happen, and the Allstate insurance company has taken part in a tour of several cities, as its foundation works along with Points of Light to provide communities with education about catastrophes and how they can prepare themselves in the event that they actually occur. As many disasters occur without any warning, it’s important for preparation to happen in advance.…

Pet insurance company, Trupanion, is gearing up for an IPO

June 20, 2014June 18, 2014 Julie Campbell

The provider has now filed with the U.S. Securities and Exchange Commission for an offering of up to $75 million. Trupanion Inc., the large American pet insurance company, has recently announced that it is planning an initial public offering (IPO) on the New York Stock Exchange, and has now made its filing. This insurance company will be listed on the exchange under the “TRUP” symbol. The intention of the pet insurance provider is to raise up to $75 million for its IPO. That said, that figure is not set in…

Insurance company signs Peyton Manning for national ads

June 4, 2014June 2, 2014 Julie Campbell

The quarterback from the Broncos is now stepping into yet another industry to back one insurer. While Peyton Manning is already a quarterback for the Denver Broncos, is well known as a motivational speaker, and is even considered to be a skilled pizza maker as a Papa John’s pizza representative, he has now signed on with an insurance company to be featured in their U.S. ads over the next season. Nationwide Insurance has managed to sign him in order to feature Manning in next season’s advertising. This insurance company endorsement…

Insurance fraud reaches record heights

June 3, 2014May 31, 2014 Julie Campbell

According to the ABI, in the United Kingdom, fake claims last year topped £1.3 billion. The Association of British Insurers (ABI) has now revealed its latest figures regarding insurance fraud, which have shown that last year bogus claims exceeded £1.3 billion, breaking records from previous years. The vast majority of that total amount came from false or exaggerated claims made on auto policies. The ABI also pointed out that insurance fraud throughout the industry – not just in the auto sector – has been on the rise at a startling…

Auto insurance fraud used a deer to fake a $5 million claim

June 2, 2014June 2, 2014 Julie Campbell

A 63 year old body shop owner from Philadelphia has been accused of hundreds of scam charges. A man from Philadelphia is now facing hundreds of charges relating to his auto insurance fraud activities, in which he used deer carcasses, fur, and blood to make it appear as though the vehicles had struck the animals on the road. The participants in the scam would then file inflated claims so that insurers would pay for the “repairs”. According to investigators, the accused, Ronald Galati Sr. had a rather clear motto, which…