Live Insurance News

Insurance news made with a new confirmed Medicare and Medicaid chief

May 17, 2013May 25, 2013 H. Cutner

The acting chief has now been confirmed as the new confirmed head – the first in six and a half years. This week, the Senate has made insurance news with its approval of the nominee of President Obama for the chief of Medicare and Medicaid, Marilyn B. Tavenner, who has been acting chief until now. This is the first confirmed chief that has held this position in six and a half years. The vote in support of Tavenner in the Senate was 91 to 7, showing a widespread approval for…

Insurance news for Morrissey is that he will not finish his American tour

March 25, 2013March 23, 2013 G. Turner

A series of health problems has meant that he cannot find the coverage he needs. Morrissey, the former front man for The Smiths, has announced his new insurance news, which is that he will not be able to complete his American tour due to the enormous medical costs that have been accumulating as a result of a number of health issues he has faced, including a stomach ulcer and a case of double pneumonia. Beyond the singer’s health, it was the bills that were building up that stood in his…

Homeowners insurance woes for Sandy victims grow following blizzard

February 12, 2013April 30, 2013

Some victims of the superstorm are left with more coverage headaches after being hit with heavy snow. Residents of the Northeast braced themselves for another massive storm at the end of last week as the blizzard being called “Nemo” thrashed its way through the states, dumping massive amounts of snow everywhere from New York City to Maine, only worsening the struggle of homeowners insurance customers who have not yet fully recovered from the damage left behind by Sandy. Now, the claims are coming in again as the region digs out…

Insurance news from U.S. policyholders reveals they’re spending more

January 21, 2013April 30, 2013

37 percent of American survey respondents say they spent more over the last 12 months. The results of a survey of policyholders in the United States are making insurance news as they have revealed that Americans believe they have spent more for their coverage over the last year. The majority feel that the reason for this increase in spending is due to higher premiums. Among the participants in this Princeton Survey Research Associates International insurance news making study, 37 percent claimed that they had spent a larger amount last year…

Flood insurance approval for $9.7 billion in claims from U.S. Congress

January 7, 2013April 30, 2013

The final congressional nod was achieved when the Senate passed the bill on Friday. The new United States Senate has now passed a bill for $9.7 billion which has brought about the final approval of Congress to assist in the payment of flood insurance claims for businesses, homeowners, and renters whose properties were damaged by Superstorm Sandy when it hit at the end of October 2012. This has replenished the funds for NFIP, which were reaching urgently low levels. The National Flood Insurance Program (NFIP) was predicted to run dry…

Insurance news from Nationwide reveals a massive computer breach

December 8, 2012December 6, 2012 Julie Campbell

The insurer has announced a network attack that has compromised data from 1.1 million people. Nationwide Mutual Insurance Co. has just revealed that back in October, someone hacked into a part of their computer network, making insurance news when the data of over 1.1 million people was breached. The attack occurred on October 3 and involved the same network that is used by Allied. It has now discovered that this insurance news involves a breach that has compromised personal data from customers which can include names, birth dates, driver’s license…

Insurance news from Buffet’s firm shoes less reliance on the industry

September 10, 2012September 8, 2012 Julie Campbell

Insurance News - Warren Buffett, CEO of Bershire Hathaway

Berkshire Hathaway investors are looking toward a positive future. The insurance news that followed shortly after Warren Buffet’s birthday has indicated that while there is a positive future for investors in Berkshire Hathaway, there will need to be decisions made after the great man is no longer at the helm. Shareholders are wondering about the evolution of the company after Buffet’s contributions. Berkshire is currently made up of over 80 businesses that brought in over $3 billion in profit during the last quarter. It has a Class A stock that…