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Archive for the Live Insurance News Category

Bill Cosby’s insurance company is “despicable”, says the fallen celebrity

AIG has allegedly settled a second lawsuit without the imprisoned comedian’s knowledge. Bill Cosby’s insurance company has, for the second time in a month, allegedly settled a lawsuit without the celebrity’s knowledge. Cosby is raging against the insurer, A.I.G., for continuing this practice without his being aware […]

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British pet insurance payouts reach record £785 million level

Policyholders have shattered previous records in the amount they received from their claims in 2018. Pet insurance payouts in the United Kingdom struck record levels in 2018 when they broke the £785 million mark. The figure rose to this level despite the fact that the number of […]

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Insurance adjuster credits solid evacuation plan for saving the treasures in Notre Dame

Experts estimate that 90 percent of the priceless artworks and relics from the cathedral were saved. A leading insurance adjuster Michel Honore has issued high praise to the Notre Dame cathedral evacuation plan and those who carried it out. He stated that it was because of this […]

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Machine learning flips understanding of travel industry insurance upside down

Companies are using new technologies to obtain an entirely new comprehension of this sector. The travel insurance industry, like other coverage sectors, is turning to many new forms of cutting edge technology. This tech is helping the industry to obtain a more refined understanding of itself. The […]

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Fossil fuel underwriting disclosure petition rejected by commissioner on Earth Day

California Insurance Commissioner Ricardo Lara has turned down the recent move by activists. Activists may have thought that they had Earth Day on their side when California Insurance Commissioner Ricardo Lara considered the fossil fuel underwriting disclosure petition. However, Lara rejected the petition urging him to implement […]

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Philip Morris launches Reviti life insurance company with discounts for smokers who quit

The tobacco giant has started its own insurer with special discounts for smokers working on cessation. Philip Morris International, the tobacco giant behind Marlboro cigarettes, has just opened its own insurer called Reviti life insurance. Reviti is a wholly owned subsidiary of Philip Morris that will begin […]

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Long term care insurance rate reform takes a top spot for NAIC

State insurance commissioners across the country are taking on the rapidly growing pricing problem. State insurance commissioners throughout the U.S. have taken on the growing issue of long term care insurance rate growth. The industry has seen skyrocketing prices as a result of a slew of challenges […]

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Japan’s insurance industry takes steps to stop genetic discrimination

The Japanese industry is preparing guidelines to make sure insurers can’t collect customer DNA. The insurance industry in Japan is getting ready to create guidelines that would stop genetic discrimination by insurers in the country. They are seeking to ban health and life insurance companies from the […]

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General insurance companies receive warning from UK financial watchdog

The Financial Conduct Authority has accused insurers of failing to focus on value for customers. Britain’s financial watchdog has accused general insurance companies of failing to consider customers’ value for money within their products and services. Insurance CEOs have been warned that the watchdog is prepared to […]

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Japanese earthquake insurance has become a popular gift item

An insurance company in Japan has designed a mobile service letting people gift coverage to each other. Japanese earthquake insurance has become the latest type of digital gift people are giving people with their mobile devices. Messaging apps have been a great way for people to give […]

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