Live Insurance News

Teachers in Florida offered free life insurance

May 8, 2014May 6, 2014 Logan B.

Unusual offer could give teachers in Florida insurance protection Thousands of teachers in Pasco County, Florida, recently received an offer that may be too good to be true. The teachers were offered a chance to receive life insurance for free with policies being paid for by the Pollock Financial Group. The group has offered to match teachers with wealthy investors that are looking for lucrative ways to invest their funds. For many teachers, the offer seems to be too altruistic, and this has raised concerns among Florida’s insurance regulators as…

Zombie insurance regulators attack the “walking dead”

April 2, 2014April 12, 2014 Julie Campbell

Just as the popular AMC television series closes its fourth season, its coverage equivalent is now under attack. Zombie insurance has been making headlines, not because it has any relation to the popular post-apocalyptic horror drama from AMC, or the “walking dead” that has given the show its name. Instead, it is central to insurance news as consumers and regulators combat pricing discrepancies. The Financial Conduct Authority (FCA) in the United Kingdom has indicated that while new customers are being offered better deals, loyal policyholders who have been paying premiums…

Life insurance mystery develops with record breaking policy

March 17, 2014March 15, 2014 Julie Campbell

An unknown billionaire has now purchased the most expensive coverage on record. A billionaire from Silicon Valley whose name has not been released has now set a new level in the Guinness Book of World Records, for the most valuable life insurance policy that has ever been purchased. The coverage is for $201 million and it is being provided by 19 different insurers for massive premiums. This life insurance policy will require the mystery billionaire to have to pay millions of dollars in premiums every year. The policy itself was…

Life insurance payout behind woman’s intention to kill her husband

November 21, 2013November 19, 2013 Julie Campbell

A mother of two in England hired a hit man to murder her husband so that she could claim on his policy. In East Yorkshire, England, a 36 year old woman named Lisa Fairpo has been accused of hiring a man to kill her husband so that she would be able to collect on his massive life insurance policy. The intention was to murder her husband so that she would be able to use the payout to avoid bankruptcy. The case is now before the court and has revealed that…

Life insurance claim behind a murder in New York

November 11, 2013November 9, 2013 Julie Campbell

A man in the state has admitted to killing his son in order to collect on the $700,000 policy. A man in upstate New York has now admitted that he deliberately killed his son in a scheme to be able to allow him to collect on a life insurance policy that would pay him $700,000. The man quite suddenly admitted that he crushed his son under a truck in order to receive the payout. The guilty plea came from Karl Karlsen in a second degree murder case. It was put…