Live Insurance News

Homeowners insurance review and preparation keeps claims down at Super Bowl parties

January 31, 2018January 29, 2018 Logan B.

These gatherings can be a lot of fun, but some extra care can keep guests and property safe. Super Bowl Sunday is coming up and football fans planning to host a party have a homeowners insurance review and some preparations to make. These small efforts can help to make sure there will be a lower risk of injury, damage or the need for an insurance claim. Millions of Americans plan to take part in a Super Bowl party, either hosting or attending. Any time there is a gathering of people,…

Connecticut liability insurance makes coverage more expensive for drivers

January 24, 2018September 14, 2019 H. Cutner

Auto policy premiums rose by an average of 4.1 percent for drivers in the state last year. Connecticut liability insurance is making coverage more expensive for drivers throughout the state, according to data from the Insurance Department. In fact, it is also sending homeowners insurance rates higher, though not by as much. Last year, homeowners insurance rates increased by an average of 2.4 percent in Connecticut. Drivers saw a 4.1 percent rise in their premiums because of the Connecticut liability insurance regulations. The Connecticut Insurance Department is responsible for an…

Wells Fargo insurance license may be suspended or revoked in California

December 8, 2017December 6, 2017 G. Turner

The state Department of Insurance is seeking the action following alleged improper sales practices. The California Department of Insurance has revealed that it is planning to either suspend or revoke the Wells Fargo insurance license in the state. It is pursuing this intention as a result of the company’s online insurance referral program and its allegedly improper sales practices. The department conducted an investigation that revealed around 1,500 improper insurance sales. In those cases, the online Wells Fargo insurance company was allegedly found to have sold about 1,500 policies and…

Sexual harassment insurance becomes serious business concern following headlines

November 7, 2017November 4, 2017 Julie Campbell

As many of Hollywood’s most powerful players see a large and growing list of allegations, companies seek coverage. Following the massive headlines made by allegations against Harvey Weinstein, sexual harassment insurance has become a serious topic among businesses. A growing number businesses are seeking to cover their executives as the Hollywood producer and a large number of others in power are accused of sexual harassment and assault. This insurance coverage trend has been growing steadily in recent years but has seen a sudden spike due to headlines. A number of…

NRA gun insurance launches for owners shooting in self defense

April 27, 2017April 26, 2017 Logan B.

The new policies are designed to cover legal fees for acquitted cases and clean-up costs as well. The National Rifle Association has announced a new NRA gun insurance policy to cover Americans who want coverage in case they shoot in self defense. The policies will cover the clean-up of the scene. That said, legal fee reimbursement is issued only if the case finishes with an acquittal for a ruling. This NRA gun insurance policy is only the latest in the association’s efforts to ensure the rights of people who want…

SpaceX pre-launch liability insurance massively increased following FAA requirement

March 16, 2017March 15, 2017 Julie Campbell

spacex falcon 9 pre-launch liability insurance

A new mandate was put into place which increased the minimum coverage requirement by five times. SpaceX changed its launch schedule to today at 1:35am but was required to carry far more pre-launch liability insurance than it previously held. The launch had been postponed as a result of high winds at Cape Canveral. SpaceX will webcast the launch so it can be viewed live. The original launch had been scheduled for March 14, but the delay was considered necessary. This particular mission was created to add the Echo Star XXIII…

Halloween insurance costs are sending haunted houses to the graveyard

October 28, 2016October 24, 2016 Nordstrom

These attractions are rapidly disappearing due to the associated liability costs for organizers. Haunted houses have long been a tradition at this time of year, but the cost of Halloween insurance has been shutting them down. Many communities across the country have found that the attractions weren’t coming back this year. Over the last couple of decades, haunted houses had been rapidly rising in popularity. It reached the point that people who truly enjoy a good fright would be able to go from one haunted house to the next. They…