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Archive for the Live Insurance News Category

DNA testing kit results may lead to future insurance customer risks

While these tests are becoming highly popular, consumers should understand how the data is used. Purchasing a DNA testing kit to find out more about what genes say about an individual is becoming very popular. However, concerns are growing with regards to how the data will be […]

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US workers compensation industry will continue to be profitable this year

Fitch data showed that the market remained strong throughout 2017 with positive 2018 performance. New Fitch Ratings data shows that the US workers compensation industry did well last year and may continue to see underwriting profits this year. The data from last year until now shows a […]

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State health care study ranks insurance coverage across the country

A new data analysis has revealed the best and worst performing states for U.S. health insurance. Vermont currently boasts the best state health care system, whereas Louisiana’s is the very worst, according to a new study conducted by WalletHub.com. CDC data shows that 88.1 percent of Americans […]

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California Insurance Commissioner Seeks to Stop CVS Merger with Aetna

The state’s stop insurance official has asked the Department of Justice to block the merger. California Insurance Commissioner Dave Jones is urging the U.S. Justice Department to stop CVS Health from merging with Aetna. Such a merger would “have significant anti-competitive impacts on American consumers and health […]

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California insurance industry will face more wildfire losses in 2018

A new Moody’s report shows that insurance companies will endure more wildfire losses this year. The California insurance industry isn’t getting a year off from wildfire losses after facing a costly year in 2017. A new Moody’s Investors Service Inc. report showed that despite current losses, there […]

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International travel insurance more common than domestic among Americans

More people in the U.S. purchase coverage if they’re traveling outside the country, says AAA Travel. Americans are more likely to purchase international travel insurance than coverage when they are traveling domestically, says a new AAA Travel study. Travelers are more likely to think they need coverage […]

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Stolen Swedish crown jewels were insured but are irreplaceable

Despite the coverage from a policy for the royal regalia, the items are essentially priceless in nature. Thieves stole the Swedish crown jewels on Tuesday, July 31, 2018. They made their escape in a speedboat and have yet to be apprehended. Though there was insurance coverage for […]

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Canadian man legally changes gender for cheaper auto insurance premiums

A motorist fed up with paying more because he was male has found a loophole in a new law in Canada. A driver in Canada seeking cheaper auto insurance rates legally changed his gender from male to female in order to dupe the system. Gender-based car insurance […]

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Iran offers oil shipment insurance to India to keep tankers sailing

Tehran’s efforts to overcome the returning U.S. sanctions include providing their own insurance coverage. Iran has started offering India oil shipment insurance to cover tankers operated by Iranian companies. The goal is to overcome the barriers occurring as a result of Indian insurance companies backing out of […]

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Nine Californian Restaurants receive workers compensation fines

Restaurants in one state county received over $200,000 in admin fines for failing to cover employees. Nine restaurants in California are now facing substantial workers compensation fines for failing to adequately cover their employees. The fines were the result of a joint enforcement strike force investigation in […]

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