Live Insurance News

Insurance news made in Texas with trial set for fraudulent crash of $1M car

October 4, 2012October 4, 2012 Nordstrom

The driver has been accused of deliberately crashing the Bugatti to collect payments. A Texas man is making insurance news in a fraud case in which he has been accused of deliberately driving his rare, $1 million Bugatti car directly into a lagoon in order to be able to collect on his policy. The lawsuit was filed against the man by the insurer that was covering the vehicle. The driver of the car, Andy House, crashed the car three years ago, but the court case has only just come back…

Report from Marsh shows that the U.S. insurance market is surprisingly stable

July 21, 2011July 21, 2011 Nordstrom

There have been doubts regarding the stability of the U.S. insurance industry of late. In the wake of catastrophes ravaging many states in the east, as well as worldwide disasters, the industry has been toiling with costly losses. Yet, the industry has been able to bounce back from these disastrous happenings thanks to a surplus in capacity. This has led to stability in the market that many thought was beyond reach. Marsh USA has released a new report detailing the quick recovery of the industry. Marsh is a company that…