Live Insurance News

New York law helps ensure the longevity of life insurance benefits

December 3, 2014December 1, 2014 S.Vagus

Governor Cuomo signs legislation focused on life insurance coverage into law A new law in New York will ensure that consumers will get to keep their life insurance policies if their issuing insurer goes out of business. The legislation was signed into law by Governor Andrew Cuomo, who believes that the law is necessary to ensure that consumers retain the coverage that they rely on. Typically, if an insurance company goes out of business, the policies it was responsible for become void, unless they are purchased by another insurance provider.…

Casey Kasem Life insurance battle is now headed to court

November 4, 2014November 1, 2014 Julie Campbell

The war within the legendary radio personality’s family over his estate will now be settled in the courtroom. The fights between the children and the second wife and widow of radio legend Casey Kasum (who died in the summer of 2014) didn’t start with the raging disagreements over his estate and the massive life insurance check that comes with it, but those are the latest issues being faced, and they are now headed to court to allow the legal system to try to figure them out. The life policy carried…

Life insurance report reveals key trends to 2018

November 3, 2014November 1, 2014 G. Turner

Research and Markets has now released a new publication that provides insights into opportunities in the Philippines. Analytics firm, Research and Markets, has now added a new report to its offerings which they have entitled “Life Insurance in Philippines, Key Trends and Opportunities to 2018”, providing insight into that location and the opportunities that are opening up there over the next four years. The results of the study showed a number of important trends within this sector of the insurance industry. This life insurance news report showed that in the…

Life insurance companies could use iPhone apps to calculate rates

October 7, 2014October 4, 2014 Julie Campbell

Speculations are swirling about the use of data from health and fitness applications by insurers. As apps and gadgets focused on health and fitness tracking become increasingly popular, many are beginning to speculate that these tools could provide the life insurance industry with valuable data for determining the rates that they are charging individual consumers. In an idea that is similar to usage based auto insurance, iPhones could measure actual policyholder risk levels. Among the elements that have been introduced to the new mobile operating system from Apple is one…

Life insurance product from Barclays classed as “simple”

August 22, 2014August 20, 2014 Nordstrom

Life insurance policy is the first of its kind to be designated as a “simple” product A new life insurance policy being sold by Barclays and underwritten by Aviva has become the first product of its kind to be classified as “simple” by the British Standards Institution. Last year, the Bank of England issued a report regarding the need for simplistic products within the financial services sector. Typically, many insurance products are difficult to understand because of their complex nature. This can make it difficult for people to find the…

Man pleads guilty to murder in life insurance fraud case

July 31, 2014July 31, 2014 Julie Campbell

The individual has admitted to helping a friend kill his wife in order to claim the policy’s benefits. A DNA match in evidence from a murder case has led a man to plead guilty to having helped his friend to kill his wife so that benefits could be claimed on the life insurance policy that had been taken out for her. Initially, Dellendo Campbell had thought that he was not going to be caught for his involvement in the murder. The reason that Campbell believed that he wouldn’t be caught…

Life insurance premiums will be rising for older vets

May 27, 2014May 24, 2014 H. Cutner

Veterans who are over a certain age could soon find that their coverage is becoming more costly. According to a statement that has been released by Veterans Affairs Department officials, as of July 1, 2014, older vets will find themselves facing higher life insurance premiums for their Veterans Group Life Insurance policies. The increase will apply only to vets who are aged 70 years and older and it will be for 2.2 percent. This life insurance rate increase is the first one to have been put into place for veterans…