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Archive for the Live Insurance News Category

Open source insurance policy becomes Lemonade’s new way to stand out

This unique new form of coverage allows anyone to be able to edit the wording and design. AI-powered insurer, Lemonade, has launched a new open source insurance policy. This represents a first in the world. Lemonade is known for its innovative strategies and is often associated with […]

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Hawaii lava damage will be covered, says Insurance Commissioner

Destroyed homes will be covered by standard homeowners policies, according to Gordon Ito. The Hawaii lava damage caused by Kilauea’s eruption will be covered by homeowners insurance policies, said Hawaiian Insurance Commissioner, Gordon Ito. Ito made it clear that homes damaged or destroyed by the lava flow […]

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National Rifle Association sue state of New York over insurance crackdown

The pro-gun group accuses New York of conducting an unconstitutional “political blacklisting campaign.” The National Rifle Association (NRA) has filed a lawsuit over the New York insurance crackdown reported by Live Insurance News last week. The NRA sued state Governor Andrew Cuomo as well as New York’s […]

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Insurance industry hiring to hit record levels in 2018, survey

A new outlook survey predicts this year will see insurers working to fill more jobs than ever before. Insurance industry hiring is taking off at a powerful rate, causing insurers to face a number of challenges. They are working to fill positions such as actuaries, underwriters and […]

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This weekend, review your homeowners insurance for Hurricane Preparedness Week

Saturday and Sunday are wrapping up the awareness week to remind us to be ready for weather. Hurricane Preparedness Week is coming to a close, but it’s time to take what we’ve learned and put it into action. The only way this awareness week will have been […]

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Pedestrian deaths are becoming explosively more commonplace

An Insurance Institute for Highway Safety report shows a spike of 46 percent in pedestrians killed. Pedestrian deaths have now risen to their highest point in 28 years, according to a new Insurance Institute for Highway Safety (IIHS) report. The IIHS report showed that the more the […]

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Hawaii volcano insurance coverage becomes serious concern

Residents of the side of the Big Island closest to Kilauea have been forced to evacuate. Hawaii volcano insurance has become a central topic in the state following earthquakes and Kilauea’s eruption. Several more quakes have been followed by new fissures opening. As residents have complied with […]

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Wildfire insurance problems persist 2 years after Canadian Fort McMurray Disaster

After flames ripped their way through entire neighborhoods of the Alberta town, rebuilding is been slow. Two years after the devastating Fort McMurray fire in Canada, wildfire insurance problems continue to plague homeowners. In fact, only 20 percent of the destroyed homes are rebuilt. The northern Alberta […]

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Richard F. (Rick) Jones Jr. Becomes Third FTJ Officer to Lead AIPAGIA

KANSAS CITY, Missouri (May 7, 2018) – Richard F. (Rick) Jones Jr., longtime executive at Forrest T. Jones & Company, Inc. (FTJ), was recently appointed president of the American Institute of Professional Association Group Insurance Administrators (AIPAGIA). Jones became the third generation of the family-owned company to […]

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New York regulators call NRA branded insurance program unlawful

The Department of Financial Services fined Lockton Cos. $7 million for its liability coverage sales. New York state regulators have deemed an NRA branded insurance program to be unlawful. Lockton Cos. said back in February that it would shut down its National Rifle Association brokerage services. The […]

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