Live Insurance News

Hurricane Sandy victims suffer long wait for insurance adjusters

November 8, 2012November 8, 2012 S.Vagus

Hurricane Sandy Damage flood Insurance surcharge

Hurricane Sandy brings significant delays to claims processing Hurricane Sandy may be gone, but its impact is expected to be felt well into the future. Homeowners affected by the powerful storm have been struggling with their insurance providers. Insurance adjusters were deployed ahead of the storm to help manage claims and make sure everything was processed in a quick and efficient manner. Unfortunately, Hurricane Sandy has proven to be more problematic than insurers had previously expected. Insurance adjusters are now telling victims that it could take more than two weeks…

Renters insurance customers can risk losing coverage

November 1, 2012October 29, 2012 Julie Campbell

Tenants who sublet their space may not be permitted in their policies. The growing number of people who are leasing apartments and are holding off buying homes has also increased the number of renters insurance policyholders that are risking their coverage by taking actions that are not allowed by the terms of their policies. Subletting is a common activity but is not one that is typically allowed in a policy. According to the statistics collected by a commercial real estate firm, Reis Inc., the average cost of rent in the…

Insurance news for auto and homeowners shows roommates impact coverage

October 20, 2012April 30, 2013

The I.I.I. has released data showing the repercussions of cohabitation. The Insurance Information Institute has released its most recent insurance news, which involves the impact of the growing number of people in the United States who are living together as roommates or unmarried partners. One in eight American households include two or more non-related people. According to the U.S. Census Bureau, the current statistics show that over the decade from the year 2000 to 2010, there has been an increase of 5 percent in this living situation. This suggests that…

HHS releases a wealth of insurance information to consumers

June 7, 2012June 7, 2012 S.Vagus

HHS provides access to vital insurance information For several years, it has been difficult for individuals and families to obtain information from the federal government concerning the cost of health insurance. For some companies, information pertaining to how they price insurance policies is a tightly held secret. With health care reform on the mind of many consumers, however, the demand for this information has become too big to ignore. The U.S. Department of Health and Human Services (HHS) has announced that it will be releasing a large amount of federal…

Negligent parking makes insurance news as innocent drivers pay the price

April 22, 2012April 22, 2012 Nordstrom

A recent study is making insurance news as it indicates that the cost of collisions has now added £1.3 million worth of damage to cars – A cost which must eventually be paid through the premiums of policyholders. Moreover, the study showed that only 1 in every 6 drivers said that they would leave their insurance information for the damaged car owner, and among them, 45 percent said that they would do so only if it looked like the damage was serious. Most of the careless parking incidents appeared to…