Live Insurance News

West Virginia seeks to open flood insurance to the private market

February 24, 2014February 25, 2014 Logan B.

States begin taking matters into their own hands when it comes to flood protection As U.S. federal lawmakers continue to work to find a solution to the problems facing the National Flood Insurance Program, states are beginning to take steps to address these issues on their own. Typically, homeowners can only find the flood protection they need through the federal program. The program, however, is crippled by debt that has made it nearly impossible for the program to provide coverage adequately. Because federal lawmakers have been slow to resolve the…

Health insurance deadline looms

February 21, 2014February 25, 2014 S.Vagus

Consumers face March 31 deadline, when open enrollment for exchanges comes to an end The deadline for purchasing health insurance coverage through insurance exchanges in the U.S. is quickly approaching. The open enrollment period for exchanges and the coverage they offer ends on March 31 of this year. Those that do not have health insurance coverage after the deadline passes are more likely to be subjected to penalties coming from the federal government. The problem, however, is that many people are still reporting that they cannot purchase coverage through exchanges…

Cyber liability insurance interest spikes following major data breaches

February 20, 2014February 25, 2014 Julie Campbell

Recent news headlines from large trusted companies such as Target and Kickstarter have caused serious worry. With a steady stream of data breaches at major corporations continually making recent news, the need for cyber liability insurance has become much clearer and companies are starting to take action by buying at a higher rate than they have done in the recent past. Businesses are starting to realize that nobody is really safe against a determined online criminal. Target recently revealed that hackers had broken into their files and had stolen the…

Auto insurance rates are headed up due to claims and litigation

February 19, 2014February 26, 2014 G. Turner

The drivers in Louisiana are familiar with rising premiums, and now they are given another reason why. An auto insurance rates study has added some confirmation for residents in Louisiana who have been wondering why their premiums have been steadily rising and are now continuing to do so. The study didn’t necessarily discover anything new but it did prove what had previously been believed. What it found was that in a state where the auto insurance premiums are recognized as among the highest in the country – particularly in Baton…