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Archive for the Live Insurance News Category

1 in 5 Consumers accept Amazon and Google as homeowners insurance companies

One in five consumers said in a recent J.D. Power survey that they would be willing to use Amazon or Google as homeowners insurance companies. Among those who participated in the survey, 80 percent were already insured by a large national carrier. Amazon and Google have both […]

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Lloyds of London insurance giant takes its first steps into cryptocurrencies

The marketplace is making this move without doing much in terms of announcements. Lloyds of London insurance market has started taking steps into the cryptocurrency world. It has done so quite quietly, despite the weight of this move into the crypto sphere. This first digital currency insurance […]

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Batman movie insurance may not extend to Ben Affleck

The actor’s brief stint as the Dark Knight may be cut short due to a lack of adequate coverage. Ben Affleck may not be able to continue in his role as the Caped Crusader because of the Batman movie insurance costs it would take to cover him. […]

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Travel insurance benefits may not be worth it, says Senator

Senator Edward J. Markey from Massachusetts released a report casting doubt on the coverage. Democrat Senator Edward J. Markey of Massachusetts issued a new report focusing on travel insurance benefits and whether or not they hold value. In it, he examined the travel insurance industry as a […]

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Allstate releases its catastrophe loss estimate for July 2018

The American insurance giant released the announcement of loss as well as its future predictions. The Allstate Corporation recently released its catastrophe loss estimate for July 2018. Throughout that month, it estimates having experienced loss from catastrophes reaching a pre-tax $262 million. This figure converts to $207 […]

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Detroit Mayor Duggan files no-fault auto insurance rate lawsuit against Michigan

The popular local politician is looking to the courts in an attempt to lower skyrocketing premiums. Detroit Mayor Mike Duggan has sued the state of Michigan over no-fault auto insurance rates. The lawsuit is part of an ongoing strategy to try to reduce the premiums paid by […]

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70 Percent of US health care companies don’t have cybersecurity insurance coverage

Though the percentage of covered firms is rising, the vast majority are not protected from cyber attacks. A tremendous 70 percent of health care companies in the United States don’t have cybersecurity insurance. This was among the results reported by FICO in a recent study commissioned by […]

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Russell Higginbotham announced as new Swiss Re CEO

The incoming chief executive officer will replace Jean-Jacques Henchoz, who is leaving the insurer. Group Executive Committee member, Reinsurance EMEA and Regional President EMEA, Russell Higginbotham will become the Swiss Re CEO on September 1, 2018. The previous chief executive officer made the decision to seek an […]

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A new Amazon health insurance comparison site is in the works

The online retail giant is in discussions with European insurers for a U.K. price comparison website. Amazon.com Inc. has entered into discussions with E.U. insurers in the hopes of forming an Amazon health insurance price comparison site for the United Kingdom. This new site is in its […]

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Health plan premiums are stabilizing, regardless of Republican efforts to the contrary

Despite the best efforts by the GOP to kick the pins out from under the ACA, prices are evening out. Even as Republicans work to undermine the Affordable Care Act, better known as Obamacare, health plan premiums are stabilizing. Insurance premiums have been rising, but they will […]

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