Live Insurance News

Umbrella Insurance Policies: A Vital Shield Against Unexpected Liabilities

December 26, 2024December 25, 2024 Live Insurance News

The world today presents individuals and businesses with increasingly complex risks. From auto accidents to home liabilities and even social situations, the potential for significant financial disruption looms large. That’s where umbrella insurance policies come in, offering vital supplemental coverage for situations that exceed the limits of standard insurance policies. The Rising Cost of Liability and Broadening Risks Over the past decade, demand for umbrella insurance has grown substantially, driven by escalating claims and payouts. According to Safeco Insurance, umbrella claims doubled from 2010 to 2020, with payouts surging by…

Japan’s Heat Stroke Insurance Boom Amid Record Temperatures Could Signal New Trends for US Market

August 6, 2024August 5, 2024 Marc

With record temperatures soaring above 40°C (104°F) in various locations, Japan has experienced a surge in heat-related illnesses this summer. This unprecedented heat wave has led the Japan Meteorological Agency to issue widespread alerts against heatstroke and heat exhaustion, urging residents to stay indoors during peak daylight hours. A Growing Demand for Heat Stroke Insurance The extreme weather has not only impacted daily life but has also driven a significant increase in the demand for heat-related illness insurance. Over 12,000 people were hospitalized across Japan in just one week due…

Does Insurance Coverage Cater To Cancer? All You Need To Know

August 2, 2022 Guest Author

The unfortunate thing about cancer is that it does not discriminate. It can affect anyone at any time, and often with little warning. And this makes it all the more necessary to have adequate health insurance coverage if you or a loved one should ever be diagnosed with the disease. Most health insurance plans will cover at least some of the cost of cancer treatment, but the coverage can vary significantly from one plan to another. It is necessary to know what your policy covers and doesn’t so you can…

Study reveals top credit card rental car insurance coverage for 2015

June 25, 2015June 24, 2015 G. Turner

A research analysis conducted by CardHub has provided considerable insight into this sector of the industry. The summer travel season has begun and many people are starting to ask themselves whether or not they need rental car insurance or whether their credit card coverage will provide them with the protection that they need while they are on vacation. The answer isn’t necessarily an obvious one, as not all credit cards provide the same auto coverage. CardHub recently conducted a study to help consumers to understand the level of rental car…

New supplemental insurance law passed in Massachusetts

January 7, 2015January 6, 2015 S.Vagus

Governor Patrick signs supplemental insurance legislation into law A new law that eliminates the cap on insurance payments for non-medical hospital expenses has gone into effect in Massachusetts. Governor Deval Patrick has signed a bill that would remove the payment cap, which had been placed on supplemental health insurance policies that are meant to provide aid for non-medical expenses. Massachusetts had been the only state in the country that had placed payment limits on such coverage. Law has removed the cap placed on insurance payments for non-medical hospital visitis The…