Live Insurance News

The insurance industry remembers Hurricane Katrina and the changes it brought

August 31, 2015August 30, 2015 Julie Campbell

Following that tremendous natural disaster, policies have looked different in a number of ways. The last few days have marked the tenth anniversary of the time when New Orleans was devastated by Hurricane Katrina, in the biggest disaster that the insurance industry had ever seen in the history of the United States. A decade ago, the levees were breached and the city’s protective flood walls caved, flooding 80 percent of the city. A year following the disaster, the population of New Orleans was half what it had been before the…

Insurance news from Boston Olympics Bid Committee suggests coverage will reduce expense

July 27, 2015July 24, 2015 Julie Campbell

The leaders behind the bidding for the 2024 Summer Olympics say that the right policies would save taxpayers money. The members of the Boston Olympics Bid Committee that are responsible for putting together the bidding for the city for the 2024 Summer Olympics have now released insurance news details in saying that they would be able to purchase coverage at unprecedented levels in order to reduce the expense to Massachusetts taxpayers. A document was released by the bid committee that described a minimum of 8 types of necessary coverage. This…

Travel insurance offers people surprising benefits for a staycation

July 24, 2015July 23, 2015 Julie Campbell

Many people wouldn’t even think to buy coverage for a vacation whey they’re staying home, but there are advantages. Staycations have become quite popular over the last few years – particularly since the economic crisis – but while travel insurance may be a common purchase when you’re heading out of state or out of the country, many people don’t realize that it can offer them benefits when they’re vacationing at home, too. Despite the fact that added medical coverage isn’t required, there are more benefits to travel policies. Throughout the…

Insurance coverage battle for breast-feeding benefits still an issue

July 7, 2015July 4, 2015 H. Cutner

Breast Pumps Obamacare insurance coverage

Nursing moms are struggling to obtain the payments that are promised to them through the Affordable Care Act. A group of women in Illinois are currently battling with their insurers over the issue of insurance coverage for breast feeding and related health services, as is required by the health care reform of 2010. The moms are saying that their insurers are denying claims that request full payment for lactation consultants. Many women find that certified lactation consultants provide invaluable advice and relief when they are first learning how to breast-feed…

Life insurance industry experienced worldwide growth last year

July 3, 2015July 1, 2015 Julie Campbell

A new Swiss Re report has shown that there was a global gain in this sector, despite only slight economic improvement. Swiss Re, the global reinsurance company, has recently released a report that has shown that the global life insurance industry had managed to gain momentum in 2014, even though the economic situation saw only the slightest growth. The total number of direct premiums that were written increased by 4.3 percent. This is particularly notable following the trend in 2013, in which the total number of direct premiums written had…