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Archive for the Live Insurance News Category

Insurance workforce required to maintain on-call status throughout extreme weather

Teams of employees in the industry find themselves in on-demand positions with hurricanes, storms, and wildfires. Throughout this active season of hurricanes, heavy storms, wildfires and earthquakes, the insurance workforce has been maintaining a steady on-call status. Historic flooding, rainfall, winds and tremors have left billions upon […]

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Medicare expansion through single payer health care gets support of 15 senators

While Democrats lean toward Sanders’s single payer system, Republicans oppose the measure. Fifteen Democratic senators have shown their interest in a single payer health-care system through widespread Medicare expansion. This represents a considerable shift among Democrats, who have previously seen this type of strategy as politically perilous. […]

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Are Michigan auto insurance companies illegally charging widows and widowers more?

A group defending the state’s coverage system says it has found instances of insurers breaking the law. A group defending the Michigan auto insurance system said it has found cases in which insurers have illegally targeted women and widows for higher premiums. If this is true, those […]

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Hurricane Irma insurance losses may be far lower than first predicted

Initial forecasts plotted a far more destructive path for the storm than was actually the case. Following predictions of apocalyptic Hurricane Irma insurance losses, it appears as though the storm may be costly, but nowhere near the worst case scenario. It’s still far too early for specific […]

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Mar-A-Lago carries NFIP flood insurance protection

At the same time that the federal program faces an uncertain future, the president’s Florida estate is covered by it. Mar-A-Lago, Donald Trump’s Palm Beach, Florida estate and club, has a flood insurance policy through NFIP. The National Flood Insurance Program is the controversial program selling coverage […]

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Some insurers no longer sell wildfire insurance policies in Montana’s high risk zones

As fires blast their ways across western portions of the states, many providers have refused to continue selling. Wildfire insurance policies are becoming harder to obtain in certain parts of Montana. Some insurance companies have decided to stop offering this protection in some of the zones where […]

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Hurricane Irma may force Florida’s private flood insurance market to prove its mettle

Residents of the state are preparing to protect their properties and loved ones against the approaching storm. As Hurricane Irma makes its way through the Caribbean and ever closer to Florida, the insurance industry is bracing itself. This is particularly true of the private flood insurance market […]

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Rising extreme weather risk places property insurance in uncomfortable position

An increase in severe storms, flooding, wind, wildfires and other disasters are driving claims skyward. Flooding and wildfires are making massive headlines this summer and this extreme weather risk is placing considerable pressure on the property insurance industry. These types of disaster are spiking the number and […]

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Texas auto insurance claims filed by the thousands, and they’re just getting started

Insurers covering vehicles in areas affected by Hurricane Harvey expect hundreds of thousands of claims. Auto insurance claims have already started filing in as a result of Hurricane Harvey, but despite the high numbers, they’re just getting started. Insurance companies throughout the affected regions are bracing for […]

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Insurance drones will be broadly deployed by Hurricane Harvey claims adjusters

The use of these unmanned aerial vehicles has been adopted by Allstate, State Farm and other major property insurers. Property insurance companies in Texas and Louisiana, such as Allstate and State Farm, are preparing to use their insurance drones to survey the aftermath of Hurricane Harvey. This […]

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