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Archive for the Live Insurance News Category

Cyber insurance market growth is fast and healthy, says Swiss Re

As worries over the impact of a hack, data breach or other similar risks, firms are insuring themselves. Swiss Re released a statement describing considerable growth trends in the cyber insurance market. The reinsurance firm pointed out that businesses are starting to see the importance of coverage […]

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Travel insurance policies may become necessary under new US government policies

People planning to take a vacation or business trip in the United States may need additional coverage. With the changing restrictions for travelers, travel insurance policies that allow policyholders to “cancel for any reason” may become much more important. While these more expensive forms of standard travel […]

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Four health insurance companies violated mental health coverage law

The state of Oregon has accused four insurers in failing to cover certain treatments including one for autism. The state of Oregon is currently calculating potential fines for four health insurance companies that failed to comply with the law for covering certain mental health treatments, including one […]

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State Farm auto insurance losses are higher than ever before

The insurer lost more money on car policies throughout 2016 than it has in its almost century-long existence. State Farm auto insurance lost more money providing drivers with coverage in 2016 than they have in any other year since its creation 95 years ago. All told, the […]

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Warren Buffet says the auto insurance industry will suffer from self-driving cars

The Berkshire Hathaway CEO’s predictions are in direct opposition to previous thoughts on the subject. While most of the auto insurance industry predictions about self-driving cars have had to do with reduced rates, Warren Buffett has taken a different perspective. Instead, the Berkshire Hathaway CEO believes it […]

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Auto insurance premiums head skywards due to smartphone use

The Washington Insurance Commissioner’s Office has blamed mobile device use for a 5.9 percent rate increase. Consumers wondering why they’re paying higher auto insurance premiums may not have to look any further than their smartphones. The Insurance Commissioner’s Office in Washington State said the top 20 insurance […]

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Tesla lifetime insurance underscores company’s belief in self driving car

This could mean that customers buying these vehicles may never need to pay insurance premiums. When customers start shopping for Tesla self-driving cars, they may soon have the option to purchase lifetime insurance. They will also have the opportunity to buy a maintenance package. This could mean […]

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Life insurance scam when husband sends hitman’s instructions to ex-boss

A man allegedly texted “kill my wife” in a text to the wrong person when he wanted the woman murdered. A Washington man attempted to run a life insurance scam by hiring a hitman to kill his wife but ended up texting the information to the wrong […]

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Allstate Insurance technology is now Amazon Alexa compatible

The insurer has added this new feature to make it easier for customers to find info and agents. Allstate Insurance technology is continually evolving and improving as the insurer works to keep itself on the cutting edge of innovation. This being the case, its latest lineup release […]

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California health care bill calls for state-run system

Looking forward to Congress’s likely repeal of the Affordable Care Act, the state is considering alternatives. The California health care system may be turned on its head if the Affordable Care Act is repealed. A state senator is looking to establish a state-run single-payer system through newly […]

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