Live Insurance News

Insurance news made as animal activists hack insurer and steal financial data

June 14, 2013June 12, 2013 Julie Campbell

In another effort to protest the badger culls in the U.K., a group has claimed to have accomplished a cyberattack. The latest insurance news is surrounding an unlikely event which came about when animal rights activists announced their claim that they have been able to hack into the systems of an insurer that is linked to the National Farmers Union (NFU) so that they could steal the financial data of supporters of the badger culls. The activists say that they were able to break into the NFU Mutual systems and…

Insurance news from Texas includes commissioner leaving role

May 27, 2013May 25, 2013 G. Turner

Insurance news - Eleanor Kitzman Texas Insurance Commissioner

Eleanor Kitzman has announced that she will no longer be maintaining her role in the regulatory agency. Insurance news is being made at the head of the Texas regulatory agency as Eleanor Kitzman has announced to her staff that she will no longer be continuing in her role as the state’s commissioner. Today is the final day of her time as a commissioner as it is the closing date of the legislative session. Kitzman is not able to continue serving after today, as it is the last day of the…

Insurance news made by worker benefits study

April 30, 2013April 29, 2013 G. Turner

Research shows that 89 percent of employees select the same coverage options every year. According to the results of a recent survey which are making insurance news, 54 percent of workers in the United States would opt not to gain greater control over their health plan options because they feel overwhelmed by the requirement to make this type of decision. The survey was conducted online with the participation of thousands of decision makers and workers. This was the third annual Aflac WorkForces Report and it has been making insurance news…

Insurance news from fertilizer plant explosion includes high initial estimates

April 27, 2013April 25, 2013 G. Turner

The most recent figures say that the damages in West could be worth up to $100 million. According to the latest insurance news estimates from an industry group, the damage that resulted from the fertilizer plant explosion in West, Texas, could reach as high as $100 million. This estimate includes not only the damage to the plant, itself, but also to the nearby homes. According to the insurance news release from a spokesperson for the Insurance Council of Texas, Mark Hanna, there were approximately 140 homes that were destroyed in…

Insurance news being made by Amy Grant and her father

April 12, 2013April 10, 2013 G. Turner

The Grammy award winning singer has announced her support for the NAIC in light of her dad’s health. The National Association of Insurance Commissioners has placed itself in the insurance news spotlight, as it makes headlines through the support that it has received through Amy Grant. The musician has been speaking about the importance of coverage to protect consumers against the unexpected. Grant has been making insurance news headlines as she highlights the benefits of purchasing policies to guard against damaging events. She explained that “Planning ahead and getting smart…

Off road vehicle insurance sought by ATV Federation in Canada

April 5, 2013April 3, 2013 Julie Campbell

The organization is hoping to make coverage mandatory in all of the Maritime provinces. The ATV Federation is made a call to have required off road vehicle insurance for all drivers of these machines, throughout each of the Maritime provinces in Canada, by the end of the year. At the moment, only Prince Edward Island has failed to implement this type of regulation for ATV drivers. This would require the drivers of all terrain vehicles in every Maritime province – including P.E.I. – to have to begin shopping for coverage,…

Insurance news from HSBC reveals that its Singapore business sold

April 4, 2013April 30, 2013

The company intends to sell this business as a part of an overall cost cutting strategy. HSBC, the worldwide banking giant, has just announced its latest insurance news in its intentions to step out of the industry in Singapore, as the latest element of its strategy to reduce costs. The deal for the Singapore business of the company has been valued at approximately $19.3 million. HSBC has been working to offload many of its non-core assets, and this insurance news is only the most recent in that strategy. So far,…