Live Insurance News

Research reveals gaps in coverage from health insurance

April 23, 2012April 30, 2013

A recent U.S. survey shows gaps in the health insurance coverage among American adults. A health insurance survey conducted by the Commonwealth Fund nonprofit has shown that among American adults between the ages of 19 and 64, more than one in four did not have coverage at some point in 2011. Almost 70 percent of those individuals had already been without coverage for over a year by that time. The Commonwealth Fund is considered to be a leading health policy authority. These areas of lacking in health coverage are one…

Insurance woes spark fires in New Zealand

April 23, 2012May 26, 2012 Nordstrom

Christchurch New Zealand Insurance earthquake court

Christchurch the home of rising insurance fraud New Zealand’s Christchurch continues to wrangle with ongoing insurance troubles amidst persistent aftershocks stemming from a major earthquake disaster in late 2010. The quake caused extensive damage throughout the Christchurch region and caused a large exodus of many of the country’s insurance providers. This flight of insurers left much of the region without insurance, which led to various government initiatives aimed at providing some amount of stability to those that still lived in the area. Now, however, a new trend has emerged within…

Louisiana Citizens Insurance awarded temporary court order concerning $105 million in assets

April 23, 2012May 26, 2012 S.Vagus

Citizens wins court order in long-standing legal battle with policyholders Louisiana’s Citizens Property Insurance, a state-run provider of insurance coverage for homeowners, has won a temporary court order that allows it to retain $105 million in assets that would have gone to policyholders. These policyholders are accusing the company of being late on adjusting claims relating to 2005’s Hurricanes Rita and Katrina. Citizens has long argued that adjustments were made appropriately, but this stance did not win the company favor with previous judgments that required the company to pay policyholders.…

Wedding insurance: the most common types of claims

April 22, 2012April 30, 2013

Wedding insurance: buy it or drive thru… It isn’t common to hear about wedding-related claims in headline insurance news, but the fact is that there are a growing number of claims being made by future brides and grooms as well as newlyweds. Couples have a great deal to worry about and there are a number of risks that apply to the day that is likely to be the most expensive celebration that they will throw in their lifetimes. Travelers is among the insurers that are now offering a Wedding Protector Plan,…

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…