Tag: insurance policy

New FEMA maps may lead to more flood insurance policy sales

G. Turner
Flood Insurance Policy Water

A higher number of homeowners may soon find themselves being required to purchase coverage. In Tennessee, many homeowners who have never had to purchase a flood insurance policy before might find that situation changing. The Federal Emergency Management Agency (FEMA) has updated its flood maps and in certain counties, this has meant considerable change. For instance, in Davidson county, Tennessee, over 4,400 properties are newly considered to be in high risk zones. This means that thousands of property owners are also finding themselves in need of a flood insurance policy…

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John Hancock long term care insurance is shutting down

Logan B.

The insurer recently announced its intentions to step out of that market and will cease selling next month. As of December 2016, John Hancock long term care insurance policies will no longer be sold by the insurer. This announcement arrived as the company announced that it would be exiting that coverage market. The insurance company is owned by one of the largest long term care policy providers in the United States. John Hancock long term care insurance is owned by Canadian firm Manulife Financial Corp. That company is among the…

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Verifly drone insurance launches a US pay as you fly coverage

H. Cutner
Farmers insurance drone

A startup has created an on demand and per flight form of insurance policy for drone users. The Verifly drone insurance policy launched after having been in the making since the end of 2014. This policy makes it possible for drone users to pay for coverage per flight and on demand. The drone insurance policy uses a mobile app and service that have been in development since 2014. The Verifly drone insurance coverage is available in the United States. The policy covers unmanned aerial vehicle (UAV) use within the commercial…

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Free Pokemon Go insurance available from Sberbank

G. Turner
pokemon go insurance

The largest bank in Russia is now offering free coverage for people who experience an injury from playing. Sberbank, Russia’s biggest bank, is now offering free Pokemon Go insurance to its customers. The insurance policy will protect policyholders for claims up to 50,000 rubles (approximately $800) in the event of injury during play. Pokemon Go injuries are becoming increasingly common as people move about while distracted. As silly as this offering may sound, the large number of reported injuries shows it could have a purpose. The Pokemon Go insurance provides…

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Life insurance policies carried by San Bernardino shooter may be seized by US

Julie Campbell

This week, federal prosecutors filed a suit to be able to take control of Syed Rizwan Farook’s payouts. The life insurance policies taken out by Syed Rizwan Farook, one of the San Bernardino shooters from the attacks in December 2015, may soon be seized by the U.S. government if federal prosecutors are successful in winning the lawsuit they have now filed. This would allow the government to seize the payouts from the two insurance policies carried by the shooter. The U.S. attorney’s office in Los Angeles made the filing for…

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Chubb hopes their cyberbullying insurance policy will make a much-needed difference

Marc
computer keyboard cyber insurance market

The insurer has now started offering this additional optional coverage to its homeowners customers. Chubb has now started to offer an additional cyberbullying insurance policy option to customers who already have homeowners coverage through the insurer, with the hopes of providing added protection against many forms of digital cruelty and humiliation. The purpose of the coverage is to cover the cost of repairing an online reputation and of counseling. While it can be very embarrassing for people who have discovered that someone else has posted embarrassing photos on social media…

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LARP insurance policy designed for safer adventuring

Julie Campbell
Knight armor LARP insurance policy

It can be dangerous being a wizard or warrior on a quest, so LARPers have found coverage in the real world. Live action role playing (LARP) has become a tremendously popular pastime for players across the country and, to an increasing extent, around the world and now these players and their events are able to find an insurance policy to protect them throughout their adventures. Although the costume-clad players are taking part in fictional battles, it is not impossible for real-world injuries to occur. The characters they are playing may…

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