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Archive for the Live Insurance News Category

Wells Fargo auto insurance scandal escalates with accusation of lying to Congress

Senator Sharrod Brown put forth the allegations against the bank during a recent Senate hearing. The Wells Fargo auto insurance scandal has just escalated to a new level after accusations of lying to Congress last year. At a Senate hearing this week, Senator Sherrod Brown alleged that […]

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Health and Human Services Secretary Tom Price resigns following spending criticism

Huge pressure regarding massive spending on chartered flights causes Price to step down. Tom Price, Health and Human Services Secretary, has now resigned under massive pressure due to his high travel bills. Price accumulated at least $400,000 in travel expenses – primarily from chartered flights – which […]

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Bullmastiff that ate a spatula wins weirdest pet insurance claim award

A dog from Lake Charles, Louisiana won the award by consuming the kitchen utensil. A Nationwide pet insurance claim involving a dog that ate a spatula might have been scary at the time, but ended up being an award-winning tale. The owners of the unfortunate pooch were […]

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Interest in California earthquake insurance rises following Mexican tremors

The devastation in Mexico City, among other parts of the country, was eye opening to many Californians. California earthquake insurance still isn’t all that popular, but the Mexican quakes have generated a marked increase in interest. Only the minority of people in the state carry earthquake insurance […]

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2017 catastrophes will send global insurance and reinsurance losses over $100 billion

Fitch forecasts showed that this could be a record year for losses and they could be as great as $190 billion. Catastrophe global insurance and reinsurance losses are likely to break previous records, says Fitch Ratings. Its current predictions suggest that losses could be greater than $100 […]

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Trump won’t admit defeat after yet another failed Senate GOP health care vote

Despite the fact that the president has been repeatedly unsuccessful repealing the ACA, he won’t give up. Senate Republicans kicked the latest health care vote to the curb, giving up on their most recent effort to repeal the Affordable Care Act. That said, President Donald Trump is […]

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Despite EU auto insurance rates regulations, male drivers still pay more

Men are still paying an average of 25 percent more than women, half a decade after the ruling’s implementation New EU auto insurance rates data revealed that men are consistently paying more for their policies than women. This, despite the fact that the European Union introduced a […]

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Travel insurance claims are pouring in following several hurricanes

This busy storm season has led to a large number of filings from people whose vacations were interrupted. The active 2017 hurricane season has led to a sudden influx of travel insurance claims as vacations and business trips see interruptions. This type of storm season has helped […]

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Graham-Cassidy health care bill may doom future GOP attempts to kill ACA

Insurance companies, hospitals, doctors, patient groups and even John McCain have vehemently opposed the bill. The Graham-Cassidy health care bill is facing widespread opposition from many directions, including from a key member of the Republican party. Should this most recent effort to repeal the Affordable Care Act […]

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National Preparedness Month underway amidst hurricanes, wildfires and earthquakes

Community leaders, scientists and the insurance industry are hoping people will inform themselves about being prepared. National Preparedness Month is more than halfway through and it feels as though Mother Nature is reminding us of its importance. Traditionally, the insurance industry, scientists and community leaders try to […]

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