Tag: insurance policy

Citizens Property Insurance to shed more policyholders

H. Cutner
Florida homeowners insurance, Citizens Property

Five more insurers in Florida have now been approved to take on the homeowners policies of the state-backed giant. In recent property insurance news, state regulators have now given their approval to five homeowners insurers based in the state in order to give Citizens the opportunity to unload up to 132,441 more policies. Citizens will start to shift more of its homeowners policies outward to those insurers, beginning in February. This will help Citizens to be able to better pursue its goal of removing as many property insurance policies as…

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Technology is affecting the future of the insurance industry

S.Vagus
Auto Insurance Technology

Insurers are beginning to feel the need to embrace technology more aggressively Technology is beginning to shape the future of the insurance industry. Strategy Meets Action has released a new report that highlights the role that technology is playing in various insurance sectors. As various forms of technology begin to play a larger role in society, insurers are feeling the need to adapt, providing new services and products that account for this ongoing trend. Though investments in the tech field have dropped this year, the insurance industry may still see…

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Woman admits to murder to collect life insurance benefits

H. Cutner
life insurance scam criminal crime

Crystal Williams has been accused of killing her husband, Shane A. Williams, to receive a policy payout. A South Carolina woman named Crystal Williams has been accused of murdering her husband, Shane Williams, in order to be able to collect on the benefits from his life insurance policy. Williams has now pleaded guilty to the charges of conspiracy and murder in her husband’s death. Initially, the woman claimed that she had been sleeping at the time when her husband had been shot and killed by an intruder. Deputies had been…

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National Alzheimer’s Disease Awareness month draws attention to long term care insurance

Julie Campbell
long term care insurance

It also complements the fact that it November is National Caregiver Month, a celebration of over 15 million Americans. November is the time of the year which most effectively underscores the importance of long term care insurance as it is both National Alzheimer’s Disease Awareness month and National Caregiver month. This is a time in which to learn more about dementia and thank those who care for individuals affected by it. At the start of this month, President Barack Obama released a statement that recognized National Alzheimer’s Disease Awareness month,…

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Crashed Virgin Galactic spaceship had $40 to $50 million in insurance coverage

Julie Campbell
Virgin Galactic Space Tourism insurance coverage

The primary underwriter that will be responsible for the payouts is going to be AIG. The disaster that occurred on Friday when the Virgin Galactic spaceship crashed has approximately $40 to $50 million in insurance coverage, and the main insurer that is going to be responsible for those payments is reported to be AIG. This, according to the broker on the deal, Jardine Lloyd Thompson, a British brokerage and insurance services provider. At the time that this article was written, AIG declined the opportunity to comment on this insurance coverage.…

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