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Archive for the Live Insurance News Category

Travel insurance company steps up to cover people affected by Trump’s ban

AXA Insurance UK has promised to compensate customers for costs resulting from the “unprecedented” decision. A British travel insurance company called AXA Insurance UK has announced that it will cover costs resulting from President Trump’s “unprecedented and unforeseen” executive order. Trump placed a travel ban on Muslim […]

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Event insurance policy for Lady Gaga’s Super Bowl gig may cost over $100k

Her rooftop stunt may be flashy and exciting but it can also bring massive profits to insurers. On February 5, Lady Gaga will headline the Super Bowl halftime show and will require a substantial event insurance policy for the performance. She intends to perform on top of […]

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$300k renters insurance settlement proves you shouldn’t blowtorch a squirrel

A woman tried to clean the fur off a dead squirrel with a propane torch and burned down the building. A recent renters insurance settlement case serves as an important caution to anyone who would be inclined to use a blowtorch on a squirrel. A Michigan woman […]

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Marijuana insurance industry is taking off like wildfire

This emerging market is rapidly growing strength throughout the United States with legalized cannabis. The marijuana insurance industry has exploded since certain forms and uses of medicinal cannabis received approval. That said, there have yet to be many participants in this particular part of the market. Still, […]

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Insurance company merger between Aetna and Humana will not go forward

A federal judge has now ruled in favor of prohibiting the two health insurers from merging. The Justice Department’s decision to stop the insurance company merger between Aetna and Humana has been upheld by a federal judge. These two health insurance giants were appealing the decision with […]

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Neil S. Lerner, Partner, Cox Wootton Lerner Griffin & Hansen LLP to Speak at the Knowledge Group’s Event

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Allstate Insurance Company launching new underwriting platform

The insurer announced the implementation of the platform featuring automated data integration. Allstate Insurance Company has announced its intentions to implement the UnderwritingCenter platform. The platform was created by Myriad Development. The goal is to improve automated data integration while enhancing the quality of risk evaluation. UnderwritingCenter […]

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State Farm Insurance rate reductions are inadequate, billions in fines may follow

The California Department of Insurance has issued a notice of noncompliance to the insurer. California Insurance Commissioner Dave Jones ordered a State Farm insurance rate reduction in December 2016. The Department of Insurance has now issued a noncompliance notice to the insurer for failing to reduce premiums […]

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Will life insurance agents soon need to redefine their jobs?

If Trump repeals the federal estate tax, higher-end agents may find themselves in wealth management. High-end life insurance agents may have a career shift headed their way if President Elect Donald Trump follows through on the elimination of the federal estate tax. It is still unknown as […]

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California earthquake insurance in spotlight due to Northridge anniversary

January 17 was the 23rd anniversary of the 6.7 magnitude quake that shook LA’s San Fernando Valley. California earthquake insurance is receiving attention once again as the anniversary of the Northridge quake took place on Tuesday. The California Earthquake Authority (CEA) released a notice to remind state […]

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