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Archive for the Live Insurance News Category

Homeowners insurance industry officials recommend that consumers review coverage

In light of the current hurricane season predictions, it may be wise for property owners to review their policies. The homeowners insurance industry has recently released a number of statements recommending that consumers take a moment to review the coverage they have so that they understand the […]

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Commissioner deems Oklahoma earthquake insurance market noncompetitive

John Doak has completed the investigation into the way rate increases are conducted in the state. State Insurance Commissioner John Doak has now determined that the Oklahoma earthquake insurance market is not currently functioning in a way that can be considered to be competitive. The commissioner has […]

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If SpaceX rockets are to be reused, they’ll need insurance first

The company is looking to use their technology more than once and is preparing to recover them for re-launch. Now that it has been shown that SpaceX rockets are able to make landings on a consistent basis, they are now looking to insurance underwriters to make it […]

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Flood insurance companies in France could face over $2 billion in losses

The rising Seine River has caused water to rush overland and this flooding is expected to be very costly. The government of France has declared the flooding of the Seine to be a national disaster today, which has laid the path for flood insurance companies to begin […]

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Hurricane insurance rates increase in Florida regardless of the lack of storms

Many residents of the state are wondering why they’re paying more when it has been many years since the last catastrophe. Florida hurricane insurance rates have been on the rise and while that may not have drawn much attention at one time, many residents of the state […]

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Two-tier insurance company capital standards proposed by Fed

The concept is to treat exceptionally large firms differently from others within the industry. The Federal Reserve proposed new insurance company capital standards as a part of a two tiered system that had already been expected for the industry and that is expected to provide significant protection […]

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Life insurance policies carried by San Bernardino shooter may be seized by US

This week, federal prosecutors filed a suit to be able to take control of Syed Rizwan Farook’s payouts. The life insurance policies taken out by Syed Rizwan Farook, one of the San Bernardino shooters from the attacks in December 2015, may soon be seized by the U.S. […]

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Texas health insurance covering more than ever, except the poor

The state has been very successful in decreasing the size of the uninsured population but not among the lowest income groups. The number of people without Texas health insurance has been steadily falling since the implementation of the Affordable Care Act. However, this is not the case […]

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Atlantic hurricane season starts today and may be an active one

North America could be in for a more active storm season in 2016 than has been the case for the last few years. The North American east coast may be getting itself ready for activity this Atlantic hurricane season, which means that residents, businesses and insurance companies […]

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Michigan health insurance premiums are getting cheaper

While rates have been on the rise across the country, residents of this state are staying affordable. According to the results of a recent study, Michigan health insurance rates are actually going to experience a small decrease in 2017, despite the fact that many other states across […]

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