Live Insurance News

Insurance news from AIG could protect companies from celebrity antics

February 17, 2015February 14, 2015 Julie Campbell

AIG Insurance company CEO - Building in Manhattan

The insurer has now released a type of coverage meant to protect stars against liabilities from endorsement deals. AIG has announced some of its latest insurance news, which has come in the form of a policy that has been designed to help to protect companies from the losses from a harmed reputation as a result of a celebrity endorser that has taken a wrong turn and has done something that could bring embarrassment, shame, or other damage to the company’s standing. The policies have limits that will protect companies for…

Boston area snow-related insurance claims continue to rise

February 17, 2015February 14, 2015 H. Cutner

There have already been a large number of filings, but more are expected as a result of ice dams. This winter hasn’t been an easy on for people living in Boston and the surrounding area, and insurance claims have been piling up as a result of damage from snow and collisions on slippery and narrowed roads. Everything from leaky roofs to car accidents that resulted from the weather have been keeping insurers busy. The insurance claims are only expected to rise as the weather-related damages are predicted to worsen over…

ICBC releases strangest insurance fraud cases of 2014

February 6, 2015February 2, 2015 Julie Campbell

The auto insurer had recommended that charges be laid against 100 people, last year, for a range of scams. The ICBC has now released a list of the oddest insurance fraud cases that its investigators were able to detect in 2014, which included everything from airbag evidence, failed impersonations, and even a conspiracy involving time travel. The Insurance Corporation of British Columbia has estimated that between 10 and 15 percent of its claims aren’t truthful. The data from the ICBC has stated that it feels that between 10 and 15…

Usage based insurance tracking soon available through OnStar

January 8, 2015January 7, 2015 Julie Campbell

As of the summer of 2015, a motorist’s driving behaviors can be assessed through its onboard system. Beginning this summer, the OnStar service found in many vehicles will also be capable of tracking a driver’s behaviors as a part of an opt-in usage based insurance program that will make it possible for safer motorists to save on their coverage. This program will provide an evaluation of a driver’s habits over a period of ninety days. Once that time has been completed, drivers will be given the opportunity to take advantage…

Will proper coverage bring good insurance news if a Grinch strikes?

December 23, 2014December 20, 2014 Julie Campbell

While many consumers feel that their homeowners policies will cover them against disasters, others aren’t sure. At this busy time of year, while we plan for parties, buy presents, don our ugly Christmas sweaters, and prepare to serve a tasty feast, becoming an insurance news statistic is typically not one of the issues at the front of most minds. That said, many Christmas gifts are often quite pricy, and it could be worth deciding if additional coverage is necessary. The more the area under the Christmas tree begins to fill…