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Archive for the Live Insurance News Category

Allstate uses insurance drones to assess storm damage

The insurer is using the technology to get a better idea of the property damage situation from spring storms. Allstate is using insurance drones to conduct an assessment of the property damage left behind by spring storms in four states. The company already owns the technology in […]

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Flood insurance premiums rise and will likely continue rising

Homeowners seeking to purchase coverage against overland flooding will be paying more as of this month. Changes that took effect on April 1 are sending flood insurance premiums skyward. This applies to homeowners who already have coverage against flooding as well as those who are buying it […]

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Aetna health insurance backs out of Iowan individual exchange

A second large insurer has announced its intention to step out of the state, leaving residents in a lurch. Aetna health insurance has revealed its intentions to withdraw from the Iowa individual marketplace. This raises concerns that residents will not have any coverage options available for 2018. […]

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Mental health insurance bill gets Texas House thumbs up

Tentative approval was given to a bill that would ensure equal insurance coverage for mental and physical care. The Texas House granted tentative approval for legislation to provide equal physical and mental health insurance coverage for care. This would make sure that Texans can obtain care regardless […]

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Are car insurance rates higher in urban minority neighborhoods

A recent study suggests that they are, but the research report has been accused of producing flawed findings. A new car insurance rates study has been published by ProPublica and Consumer Reports. It suggests urban neighborhoods populated primarily by minorities pay higher auto insurance premiums than comparable […]

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Insurance company jobs lost at Northwestern Mutual during business’s “transformation”

The insurer released a statement confirming that hundreds of employees will be laid off this year. Despite the fact that the current market is very positive for insurance company jobs, hundreds of employees at Northwest Mutual will be laid off before the end of 2017. These layoffs […]

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Strange insurance claims rise as a result of fur, feathers and creepy-crawlies

Everything from peacocks to bedbugs are leading to a rise in filings with insurers in the United States. Strange insurance claims resulting from animal-related incidents are on the rise in the United States. Everything from aggressive peacocks to hotel room bedbugs are sending people to their insurers […]

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Australian insurance companies may face massive payouts from Cyclone Debbie

The country’s Insurance Council has cautioned that damage could cost billions of dollars. The Insurance Council of Australia (ICA) has cautioned Australian insurance companies, businesses and residents that the damage from Cyclone Debbie is extensive and will be costly. In fact, the ICA declared it a catastrophe. […]

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Moran Insurance Acquires Ameriway Insurance in Jacksonville, Florida

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Lloyd’s of London EU subsidiary will be in Brussels

As Great Britain triggered Article 50 in order to formally begin Brexit, the massive insurance marketplace plans ahead. The largest specialty insurance market in the world, Lloyd’s of London, has selected Brussels as its intended European Union subsidiary. The decision was made on the eve of the […]

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