Live Insurance News

Allstate sells off the last of its life insurance business

March 31, 2021March 30, 2021 G. Turner

Life insurance business - sale - business deal

The insurer from Northbrook, Illinois is taking steps for a final exit from that industry sector. Allstate has decided to make a complete departure from the life insurance business, selling off the rest of what remained of its shrunken coverage unit. The giant announced that it had come to a deal with Wilton Re to sell the rest of the life unit. To close this deal, Allstate chose to book a $4 billion loss in the first quarter. In it, the company has sold the last of its life insurance…

Insurance industry values effective business processes over technology

November 19, 2014November 17, 2014 Julie Campbell

A recent study has shown that 77 percent of people believe that best practices are critical to business success. The results of an insurance industry survey conducted over the first half of November by Live Insurance News have now been released, and have shown that participants believed that effective practices were the most important part of running a successful business. At the same time, having the best technology surprisingly scored the lowest in this research. The researchers behind the study indicated that they had not expected technology to rate as…

Retroactive health insurance in Maryland attracted only 9 people so far

March 6, 2014March 3, 2014 H. Cutner

So far only nine people from the state have signed up for the emergency legislation option. Despite the fact that an emergency temporary retroactive health insurance legislation has been put into place to allow people in Maryland to be able to make sure that they meet the requirements of the health care reform, despite the fact that their online exchange has been faulty, at the last tally, there were only nine people who have signed up to participate in this opportunity. Near the start of the year, the expectation was…

Insurance news study shows artists twice as unlikely to have health coverage

October 23, 2013October 21, 2013 Julie Campbell

The research determined that the primary cause of the uninsured status is the cost of a plan. According to the results of a study that are making insurance news headlines after having been released by the Future of Music Coalition and the Artists’ Health Insurance Resource Center, twice as many artists such as actors, musicians, dancers, and others are likely to be uninsured as the general population. These creative individuals are among the demographics least likely to have health plans. The research making this insurance news involved a survey of…

Insurance news from Allstate could include 50% rise

September 16, 2013September 14, 2013 Julie Campbell

The “Good Hands” teams may soon be seeing good news, too, as the insurer continues to generate positive figures. Allstate has been making insurance news on a steady basis over recent days as its efforts to break away from its staid image in favor of one that is more modern, through expanded online support, is now beginning to come to fruition. The transformation of this second largest personal insurer in the United States is a highly positive one. Having started approximately six years ago, this made small insurance news headlines…

Insurance news made by 325th birthday of Lloyd’s

August 20, 2013August 17, 2013 Julie Campbell

Lloyd's of London insurance news 325 birthday

As a part of its celebrations of this milestone year, it has been publishing a number of online materials. The world renowned marketplace, Lloyd’s of London is making insurance news as it celebrates its 325th birthday this year and, as a part of its recognition of that milestone, it is making a large amount of different materials available online to understand its history and legacy. The company found its beginnings as a simple coffee shop owned by one man, and rapidly expanded. According to the Lloyd’s website, which is receiving…

Insurance news from India shows ongoing consideration of Iranian oil coverage

August 14, 2013August 12, 2013 Julie Campbell

Insurers from Iran have offered to provide cover for tankers transporting that country’s crude. The latest in the insurance news saga regarding Iranian oil tanker coverage, particularly when it is headed to India, is that Iran is offering to provide the coverage for the ships so that Indian companies will be able to accept it. However, the Indian companies still hold some reluctance as they do not want to expose themselves to sanctions. India has been considering adding an additional state guarantee of $327 million to this insurance news, to…