Live Insurance News

Climate change challenges getting the best of most insurance companies

August 5, 2016August 3, 2016 Julie Campbell

A recent report showed that the majority of insurers are not keeping up with the trends when making investment decisions. When it comes to the climate change challenges faced by insurance companies, many are not being met. In fact, a recent study said 90 percent of insurers are failing in this important area. Insurance companies aren’t considering climate change when they decide on investments, said the report. This information was presented by the Asset Owners Disclosure Project in a report they published. The Asset Owners Disclosure Project conducted the research.…

Insurance news story develops from Sony’s “The Interview”

December 22, 2014December 20, 2014 Julie Campbell

The entertainment giant could find itself struggling to cover the cost of the massive losses from its film. Although large corporations like Sony need to purchase coverage in order to be able to protect themselves against a tremendous range of different types of risks, an insurance news story is one of the many developing issues resulting from the cancellation of the release of the film called “The Interview.” It has been reported that Sony stands to lose about $100 million as a result of the movie’s cancellation. Sony decided not…

Insurance news zooms in on wearable technology

June 23, 2014June 20, 2014 Julie Campbell

fitbit fitness tracker health care life insurance technology

Everything from trackers to wristbands and smartwatches are offering considerable opportunities to health insurers. Health insurance news is abuzz with the some of the latest mobile devices that are rapidly becoming mainstream, in the form of wearable technology gadgets that are sensor rich, providing considerable feedback about a person’s fitness levels and his or her body’s response to various activities throughout the days, weeks, and months. Although this would have sounded like something out of a movie, this tech is already readily available. With everything from the FitBit to the…

Louisiana homeowners insurance rates at Citizens are headed up

January 24, 2014January 21, 2014 G. Turner

Citizens Insurance Louisiana homeowners insurance property

The insurer of last resort is now increasing the amount that policyholders must pay for coverage. Throughout the state, Louisiana homeowners insurance customers who have their coverage through Citizens are discovering that their rates are headed up yet again, regardless of whether they are covered for their homes or for wind-only policies. Other forms of coverage affected by the change include mobile home, renters, and condo policies. The average increase across all of these forms of Louisiana homeowners insurance and other affected forms of coverage is 5.2 percent. Following a…

Insurance news from California shows ruling on Obama healthcare fix

November 25, 2013November 25, 2013 G. Turner

The president met with the state commissioner and the state has since refused the suggested patch. At the end of last week, California made insurance news by adding itself to the states that are refusing the fix recommended by President Obama that would allow Americans to be able to maintain their present health plans that have benefits that are too low to comply with the healthcare reforms. These plans would be permitted for another year, if their policyholders wish to maintain them. This insurance news from California means that two…

Insurance news from European Union includes plan for nuclear disaster

November 8, 2013November 6, 2013 Julie Campbell

The EU Commission’s energy head is looking for a design for coverage in case of plant problems. Guenther Oettinger, the energy chief for the European Commission, has said that the executive arm of the bloc will soon be presenting a proposal that will make insurance news, as it will involve mandatory disaster coverage for nuclear power plants. This proposal is expected to be presented within the next few weeks for the EU’s consideration. Oettinger made further insurance news when he announced that this proposal should be among the leading items…

Insurance news focus is back on Tom Hanks as his broker receives 27 months

November 7, 2013November 5, 2013 Julie Campbell

Insurance news Tom Hanks and Rita Wilson

After having scammed the Oscar winning actor and others, Jerry Goldman has now been sentenced. The insurance news spotlight is on Southern California, at the moment, as a broker from that region who scammed Tom Hanks and his wife, Rita Wilson, by hundreds of thousands of dollars is now facing a jail sentence of 27 months within a federal prison. This sentence was first issued to Goldman on Monday, when he found that he will be in jail for more than two years. Beyond the 27 month jail sentence making…