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Archive for the Live Insurance News Category

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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Chubb insurance strategy braces for Brexit through corporate structure conversion

Chubb European Group S.E and Ace Europe Life S.E have both converted to Societas Europaea. As of July 19, 2018, both Chubb European Group S.E and Ace Europe Life S.E have been converted to Societas Europaea as a part of the insurance strategy for coping with Brexit. […]

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New York single payer health care gets Cynthia Nixon’s Nod

The state governor candidate has endorsed it as a component of her challenge against Gov. Cuomo. Candidate for New York Governor, Cynthia Nixon, has added her endorsement to a state-wide single payer health care system. This strategy is meant to build her challenge against Governor Andrew Cuomo […]

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California providers start dropping their high risk insurance customers

Insurers have started withdrawing coverage from the most wildfire vulnerable areas. As wildfire season heats up, insurers across California have started to drop their high risk insurance customers. Homes that are the most vulnerable to wildfire may not be able to find coverage within the state as […]

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Banks are selling customized cryptocurrency insurance packages to businesses

According to a recent Bloomberg Report, several insurers are offering these custom products. A number of large insurers are now quietly selling cryptocurrency insurance packages to businesses. Despite the association with thefts and hacks, Allianz, AIG and others are offering customized deals to cover the digital currencies […]

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Wells Fargo pet insurance refunds on their way to many policyholders

A new report shows the scandal-plagued bank is reviewing a whole new batch of possible add-on problems. Wells Fargo pet insurance is among the latest add-ons linked with the bank’s rash of scandals. Thousands of the bank’s customers have been paying for insurance coverage they didn’t need […]

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National Flood Insurance Program Expires in Under 2 Weeks

The last day for the program will be July 31st unless Congress changes or renews it. The National Flood Insurance Program (NFIP), which covers five million homes against the risk of flooding, is about to expire. In fact, in under two weeks, on July 31, the program […]

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