Live Insurance News

Study shows insurance shopping saved Americans 76%

May 3, 2021May 5, 2021 Nordstrom

A ValuePenguin.com survey showed that people who put in a few minutes of research notably saved. Many consumers who practice good insurance shopping habits ahead of purchasing a policy or before renewing an existing one know that rates aren’t the only factor worth considering. However, at the same time, a recent survey showed that American consumers who put in 15-30 minutes of time to compare policies were able to save money on their monthly premiums. These study findings suggest that there is a lot to be said about comparing rates…

Five Things to Consider Before You Invest In Business Insurance

March 15, 2021March 15, 2021 Guest Author

The fine line between total loss and sustainability is a measure of the risk a business possesses. Entrepreneurs take up business risks in expectations for future gains and rewards. This means that all companies, regardless of their industry or operational nature, are continually exposed to financial risk. Unforeseen expenditures or unaccounted financial burdens are ordinary in every small and large business. While some industries may be less risky than others, unfortunate events are common occurrences and can have devastating consequences on one’s business. What should business owners do to protect…

4 Compelling Reasons to Get Insurance as a Manufacturer

February 16, 2021 Guest Author

Manufacturing should be just about the lowest risk activity going, right? Transforming materials into objects should be a very easy thing to carry out according to plan, in theory. In practice, there are lots of hiccups and disasters that can scupper a manufacturer’s best-laid plans. It is important to take out comprehensive insurance in the manufacturing industry. Here are just a few of the reasons why. Material Inconsistencies Can Cause Huge Disruption A manufacturing operation is reliant upon the materials you can get ahold of. No matter how well-trained your…

What does windshield insurance cover?

February 11, 2021February 11, 2021 Marc

Know what coverage you have – and need – in the case of cracked glass, hail, and similar damage. Many drivers don’t realize how important windshield insurance is, simply assuming that it’s on them to pay for it out-of-pocket if the glass breaks. Make sure you know where you have coverage and when to file a broken glass claim. Windshield insurance is an important part of an auto policy. It will decide how much you will need to shell out if your glass becomes broken, pitted or cracked. Repairing or…

NY Gov Cuomo announces insurance fraud action against opioid manufacturers

August 26, 2020August 25, 2020 G. Turner

The state department of financial services filed the charges against internationals Allergan and Teva. New York Governor Andrew Cuomo announced that the Department of Financial Services (DFS) has filed insurance fraud action against international opioid manufacturers Teva and Allergan. The DFS’ filing claims that the firms engaged in dubious marketing strategies for their drugs. The insurance fraud action alleges that Teva and Allergan had engaged in fraudulent marketing and promotional campaigns. Those campaigns, said the filing, misrepresented the effectiveness and safety of opioid drugs in order to broaden the opioid…

Is makeup artist insurance really necessary for your one-person business?

March 16, 2020March 13, 2020 Logan B.

Makeup artist insurance - professional makeup application

There are many factors to take into consideration, including local laws obliging you to buy coverage. When your small business consists of just yourself applying cosmetics for people heading to important events, you may wonder if makeup artist insurance is truly necessary. Before you decide that it’s not a necessity for you, it’s important to know your local regulations. Depending on where you live, you may not legally be required to purchase makeup artist insurance. In other areas business liability coverage require it by law. Be sure to check your…

Hotels may recoup some coronavirus cancellation losses with parametric insurance

March 6, 2020March 5, 2020 H. Cutner

Event organizers have been cancelling and delaying due to fears of COVID-19 spread. Hotels with a new type of parametric insurance launched by Lloyd’s of London last year may fare better than other players in the events industry as coronavirus concerns spread. Other players, such as event organizers, may not fare as well as this coverage won’t reach them. The parametric insurance coverage compensates hotels when there is a drop in revenue per available room below a certain established point due to circumstances that could neither be predicted nor controlled.…