Tag: insurance policies

A new Amazon health insurance comparison site is in the works

Marc
Amazon health insurance - Woman Holding Iphone 6 Space Gray With Service Amazon

The online retail giant is in discussions with European insurers for a U.K. price comparison website. Amazon.com Inc. has entered into discussions with E.U. insurers in the hopes of forming an Amazon health insurance price comparison site for the United Kingdom. This new site is in its earliest planning stages and official details have yet to be released. A Reuters and Fortune report pointed to an Amazon health insurance price comparison website for consumers in the U.K. That said, neither stated whether or not there are any intentions to actually…

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Cyber insurance providers may face greater risk than natural disasters

Marc
Cyber insurance providers - cyber attack - internet - online - Hacker

Data increasingly shows that the cost of a massive cyberattack can be more costly than a hurricane. It took a number of years for cyber insurance providers to be taken seriously. However, with the rising frequency and cost associated with high-profile and widespread attacks, that situation is changing. Insurance policies against hacking and data breaches are becoming the standard among large businesses. A recent PYMNTS report outlined the rising trend toward this type of coverage. Moreover, it pointed out that, moving forward, cyber insurance providers will face major risks. They…

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Royal wedding excitement reminds couples to review insurance and important documents

Julie Campbell
Royal Wedding Excitement - UK flag - wedding rings - hearts

This weekend’s marriage between Prince Harry and Meghan Markle was an important reminder to everyone. Couples around the world swept up in royal wedding excitement are encouraged to look at their own relationships. All the details surrounding the royal wedding were a great reminder to check our own important details such as insurance coverage and wills. We may not need billions in hired security, but we do need to keep our affairs in order. Prince Harry and Meghan Markle planned their wedding over months. Details included everything from the standard…

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Open source insurance policy becomes Lemonade’s new way to stand out

Julie Campbell
Open source insurance - Lemonade - Lemons

This unique new form of coverage allows anyone to be able to edit the wording and design. AI-powered insurer, Lemonade, has launched a new open source insurance policy. This represents a first in the world. Lemonade is known for its innovative strategies and is often associated with world’s firsts. The policy is meant to be open to the “wisdom of the crowd” in its writing and creation. The insurance company has launched what it calls Policy 2.0, according to a Lemonade press release. The idea behind this new open source…

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Active shooter insurance increasingly popular among schools

Logan B.
Active Shooter Insurance - Gun and Bullets

As the number of shootings in schools rises, interest in coverage is growing as well. Active shooter insurance has found itself in the spotlight as schools become increasingly interested in the coverage. For instance, since the February 14 Florida high school shooting, seven South Florida school districts have purchased these insurance policies. The active shooter coverage is a relatively recent product for many agencies. The primary market for active shooter insurance has traditionally been event halls, office buildings and other places where large numbers of people come together. This type…

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Cyber insurance policies will likely achieve a standard in the near future

Logan B.
Cyber Insurance policies commissioners industry

A CIFF speaker described the evolution of the market and the direction data breach coverage is taking. Despite the growing popularity of cyber insurance policies, there remains a lack of consistency from one company’s offerings to the next. That said, recent industry forecasts suggest this trend may soon change. The MSA Research Inc. CIFF panel discussion predicted a trend toward a more standard coverage. The Canadian Insurance Financial Forum (CIFF) from MSA Research Inc. panel discussion recently held in Toronto showed that cyber insurance policies are headed within a consistent…

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Search and rescue insurance launches in Utah for outdoors enthusiasts

H. Cutner
hiking utah search and rescue insurance

Recreationists residing in the state can pay a small fee to waive potential costs if a hike goes wrong. Utah officials announced the launch of a new search and rescue insurance product available to nature enthusiasts and campers. The fee is extremely affordable and would mean that policyholders wouldn’t need to pay expensive costs for search and rescue if a hike or camping adventure goes awry. The annual premium for this S and R insurance policy will be a highly affordable $25 for anyone who wants it. That said, entire…

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