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Archive for the Live Insurance News Category

Boeing 737 Max bans underscore importance of travel insurance policies

Travelers around the world are experiencing cancellations and delays due to airspace bans for the jets. Countries around the world, including the United States, European Union’s 32 nations, Canada and others worldwide have implemented Boeing 737 Max bans. These apply both to flight suspensions and movements in […]

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Insurance companies facing rising water damage claims

A new report shows that leaks are becoming increasingly problematic for homeowners and insurers. A new Verisk Analytics report from its ISO unit has found that insurance companies are taking an increasing number of water damage claims. At the same time, other forms of claim have been […]

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Berkshire Hathaway Insurance Group braces for Brexit with new Dublin unit

The insurer has received approval for the new unit to service clients in Ireland and across the E.U. Berkshire Hathaway Insurance Group Inc. announced that it has received the Central Bank of Ireland’s approval to establish a Dublin unit. The goal is to be prepared for any […]

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Daylight Saving Time comes with an hour less sleep and added risks, say insurers

Insurance companies are reminding consumers to take certain precautions this year. Daylight Saving Time causes many of us to grumble about losing an hour of sleep, but this year, insurers used the date to remind consumers of other potential risks. They are hoping people will take certain […]

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New crypto insurance products find area of need amid regulator uncertainty

Coverage against rising cryptocurrency theft is needed, but regulators aren’t certain how to manage it. A rising crypto insurance industry has insurers moving quickly to create models and products to offer. At the same time, regulators are left uncertain as to how to handle this very new […]

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Farmers Insurance celebrated Dr. Seuss’ 115th birthday with a clever story

The insurer released an ad based on real claims recreated into a Dr. Seuss-style storybook ad Farmers Insurance chose to celebrate Dr. Seuss Day – what would have been the author and illustrator’s 115th birthday) – with an animated ad written in his storytelling style. “The More […]

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Ethisphere Institute names Allstate as one of the 2019 World’s Most Ethical Companies

This is the fifth time the insurer has been honored with this coveted title by the ethics standards firm. Ethisphere Institute has recognized Allstate as one of the 2019 World’s Most Ethical Companies for the fifth time. The firm is a global leader in the definition and […]

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PG&E admits its equipment was the “probable” Camp Fire cause

The largest Californian wildfire in history was likely the result of the bankrupt utility’s equipment. Bankrupt Californian utility company, PG&E, said in its earnings statement that its equipment was the “probable” Camp Fire cause. That same statement reported the highest losses the company had ever recorded. PG&E’s […]

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California wine country flooding leaves thousands of homes and businesses damaged

The floodwaters have turned two communities in Northern California into temporary islands. California wine country flooding is the worst the region has seen since 1995 when the Napa river reached record peak levels. The rain in Northern California has turned two wine country communities into temporary islands. […]

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New Mexico regulators pursue improved short term health insurance oversight

Officials in the state want greater control over the minimum standards for these types of plan. New Mexico insurance regulators are seeking greater authority over the short term health insurance plans in the state. They are aiming to set the state’s minimum standards for these health plans, […]

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