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Archive for the Live Insurance News Category

Pet insurance popularity takes off, covers over 2 million in North America

The industry has now reached the $1 billion point, according to a new NAPHIA report. As pet insurance popularity grows as it never has before, it has now become a $1 billion industry, says a North American Pet Insurance Association (NAPHIA) report. The report states that the […]

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California wildfire insurance stirs up heat between industry and state lawmakers

The state Senate Insurance Committee is taking on the insurance industry regarding this coverage. California wildfire insurance was a hot topic, so to speak, between insurers and the State Insurance Committee. The committee is chaired by Senator Steve Glazer (D), widely considered to be the most moderate […]

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California Commissioner encourages insurers to sell cannabis industry insurance

Dave Jones is once again urging insurance companies to sell products to the legalized cannabis ecosystem. California Insurance Commissioner Dave Jones has previously urged insurers to sell legalized cannabis industry insurance products. He is now renewing this call on the heels of recent reports that President Donald […]

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Unfair insurance practices earn Wells Fargo a $1 billion fine

The banking giant’s latest penalties are for having sold unnecessary auto insurance to customers. Wells Fargo has been slapped with a $1 billion fine for its unfair insurance practices. Thousands of the bank’s vehicle loan customers were sold additional unnecessary auto insurance policies. Those car owners ended […]

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Allianz token in testing for internal money transfers

The insurance giant is trying a new blockchain-based internal token to overcome funds transfer challenges. A new Allianz token is being tested by the insurance giant for moving money among its global affiliates. The concept used blockchain tech to allow the company’s worldwide locations to exchange money […]

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FEMA moves forward with its own flood insurance changes

The Federal Emergency Management Agency has decided to take NFIP tweaks into its own hands. The Federal Emergency Management Agency revealed its intentions to make a number of flood insurance changes. The National Flood Insurance Program (NFIP) is facing massive and rising debt levels. There are many […]

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How to Hire an SEO Expert

Most of the online journeys start from Google, Youtube, Bing or Amazon. The right optimization of your website will give your website a good visibility for your customers. We’ll tell you what SEO experts can do for you and how you can find the right candidate for […]

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California cannabis insurance claim payout reaches $1 million

A company in the state received a historic payment following crop damages from wildfires. A cannabis insurance payout has recently broken prior records in California. The Thomas Fire burned through a legal marijuana business at the close of last year (and the start of this one). The […]

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Walmart health insurance acquisition talks underway with Humana

The largest retail chain in the world is reportedly in early-stage negotiations with the insurer. A new Walmart health insurance company may one day form if its acquisition of Humana is successful. The Wall Street Journal reported that the retailer was in talks with the insurer for […]

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Insurance company technology not yet ready for IoT data use, study

LexisNexis released a report on some of its latest research showing the insurer struggle with new tech. A new LexisNexis insurance company technology study shoes that insurers aren’t sure what to do with the IoT. The report revealed that insurance companies know the Internet of Things is […]

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