Live Insurance News

Insurance news is good for Lloyd’s of London

September 28, 2012September 28, 2012 Julie Campbell

The market will now be returning to profit once more. Lloyds of London has released their most recent insurance news, and it sounds very positive after experiencing no major natural disasters in the first half of the year, allowing the market to return to half-year profitability. The pre-tax profit that the insurance market has estimated for the first half of 2012 is £1.53 billion. When compared to the first half of 2011, in which the claims from the March tsunami in Japan were coming in, Lloyd’s of London had experienced…

Insurance news from Iran shows oil tankers are bypassing embargoes

September 19, 2012April 30, 2013

Iranian vessels are now easily skirting around the E.U. sanctions. Though the sanctions from the E.U. against Iranian oil tanker coverage had been making insurance news with their efficacy when they were first set into place in July, the Middle Eastern country has since shown that it is no longer struggling with those bans. The coverage embargoes are no longer in the way of Iran’s crude shipments. According to the Central Insurance of the Islamic Republic of Iran’s deputy head for planning and development, Rahim Mosaddeq, “Most of the sanctions…

Insurance news from Buffet’s firm shoes less reliance on the industry

September 10, 2012September 8, 2012 Julie Campbell

Insurance News - Warren Buffett, CEO of Bershire Hathaway

Berkshire Hathaway investors are looking toward a positive future. The insurance news that followed shortly after Warren Buffet’s birthday has indicated that while there is a positive future for investors in Berkshire Hathaway, there will need to be decisions made after the great man is no longer at the helm. Shareholders are wondering about the evolution of the company after Buffet’s contributions. Berkshire is currently made up of over 80 businesses that brought in over $3 billion in profit during the last quarter. It has a Class A stock that…

California lawmakers renovate workplace injury coverage

September 10, 2012September 8, 2012 H. Cutner

Insurance industry risks - Banana Peel Survey

A new bill has been approved to give the system in the state a complete overhaul. Lawmakers in California have announced their latest insurance news by sharing that they have approved a bill that has the support of both labor groups and businesses, in order to give an overhaul to the coverage system in the state for employees injured on the job. This bill received tremendous bipartisan support in the state’s Democrat dominated legislature. The bill received its approval just in time for the completion of this year’s session, boosting…

Insurance news spotlights U.S. Supreme Court major review of lawsuits

September 7, 2012September 6, 2012 Julie Campbell

lawsuit Usher’s insurance broker company

Class action cases are under the scrutiny of the top court in the country. The U.S. Supreme Court is making insurance news with its most recent agreement to take new class action lawsuit constraints into consideration, after having accepted the appeal from an Arkansas Travelers Cos. unit dispute regarding homeowners policy claims. The focus is on a plaintiff attorney tactic that the U.S. Chamber of Commerce is calling abusive. The court is taking a closer look at the technique often used by the lawyers of the plaintiffs in class action…

Insurance news brings back the 60 Seconds of Mayhem Sweepstakes

September 4, 2012September 3, 2012 Julie Campbell

The Allstate college football event is back for another year as two finalists compete in New Orleans. For another year, Allstate is holding the 60 Seconds of Mayhem Sweepstakes, which will continue to make insurance news from now through November 30, 2012. The insurer has announced the return which gives fans the compete in a field goal kick contest. Two lucky fans are given the opportunity to make headlines by competing against one another this football season in order to win a new motorcycle, truck, travel trailer, and VIP trip…

Insurance news from Consumer Reports identifies the top companies

August 7, 2012August 6, 2012 Julie Campbell

Leading homeowners insurers identified by the massive organization. According to the latest insurance news from Consumer Reports, which was released as the cost of homeowners coverage is notably on the rise, there are some insurers that stand out above the rest. It did note that costs increases are most commonly the result of higher deductibles. Consumer reports has noted that these higher initial payments are making it harder for homeowners to be able to rely on their insurers when disaster strikes. Moreover, this report also pointed out that many…