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Archive for the Live Insurance News Category

Storm insurance losses from Hurricane Florence may reach $5 billion

North and South Carolina are still in only the earliest stages of gauging the wind and water damage. Analysts are beginning to attempt to determine what the storm insurance losses from Hurricane Florence will be, even at this early stage. Regions of both North and South Carolina […]

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Canadian tornado insurance industry issues recommendations to victims

Residential areas in Canada’s capital region were struck by a massive twister this weekend. The Canadian tornado insurance industry has issued advice to the region of Ottawa, Ontario and Gatineau, Quebec, which was struck by severe weather over the weekend. The insurance industry is telling affected residents […]

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Fitness incentives now included in all John Hancock life insurance policies

The insurer is eliminating the sale of its traditional policies in favor of more interactive options. John Hancock life insurance policyholders will now receive discounts on their premiums for tracking fitness on wearable devices and regularly hitting their exercise targets. Fitbit, Apple Watch and other device wearers […]

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Man attempts auto insurance fraud an hour after crashing his car

An uninsured California man attempted to purchase a policy an hour after having an accident. A man from California is on his way to prison after having committed auto insurance fraud an hour after a crash. The man has been convicted and will spend 11 years in […]

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Nestle is selling its Gerber Life Insurance for $1.55 billion

The transnational firm has announced its plans to sell the unit to Western and Southern Financial Group. Nestle announced this week that it intends to sell off its Gerber Life Insurance unit. Western and Southern Financial Group has agreed to purchase the life insurance unit for $1.55 […]

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Homeowners insurance customers are more satisfied than ever, says J.D. Power

A new survey showed policyholders are happier than ever before with their home insurers. Satisfaction among homeowners insurance customers is higher than it has ever been before, according to a new J.D. Power survey. The “U.S. Home Insurance Study” results show the highest scores in the survey’s […]

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Amazon insurance policies to begin selling in India

The most successful online retailer in the world is to start sales in the largest market on the globe. Amazon insurance policies, including life, health and general coverage, will soon be heading to India. The massive online marketplace plans to begin selling policies in this largest country […]

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Hurricane Florence insurance losses will be within insurers’ ability to manage

Standard & Poor’s has predicted that the industry losses left by the storm will not have a significant financial impact. The Standard & Poor’s rating agency announced it doesn’t feel the Hurricane Florence insurance losses will be anything the industry cannot manage. Moreover, it forecasted that the […]

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Mayo Clinic insurance partnership forms with Medica to create new company

The two industry giants have joined forces to offer health plans on a national scale. A new Mayo Clinic insurance venture has been announced alongside a partnership with Medica. Medica, the health insurance company based in Minnetonka, Minnesota, will come together with the health care giant to […]

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Regulators decline Wells Fargo’s strategy to repay insurance customers

American regulators have rejected the bank’s repayment plan to borrowers who were unfairly sold coverage. The Office of the Comptroller of the Currency (O.C.C.) has rejected Wells Fargo’s plan to repay its insurance customers. Those borrowers were overcharged by the bank when they were sold unnecessary auto […]

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