In the last 10 years, there has been a 100% increase in cyber threats. The insurance regulators are quite well aware of this and hence have recommended Cyber Risk Insurance as a comprehensive way to save the vulnerables. This year in June, Commissioner Luis Aguilar shared his concerns over cyber risks, noting both the ever-increasing [...]

The fraud started in New York with a small classified ad in a Chinese newspaper that offered cheap auto insurance. As per the prosecutors, 40 Chinese nationals succumbed to the sales pitch. All the 40 drivers travelled to Massachusetts and met a person named Lefen “Helen” Chen, who in turn, helped them fraudulently apply for [...]

One in eight woman is supposed to suffer from breast cancer during her lifetime. At the same time, fortunately, death rate due to breast cancer has been decreasing since 1989, according to Breastcancer.org. Previously, life insurance wasn’t available for breast cancer patients. However, nowadays, due to better treatment options and higher survival rates, many life [...]

During the upcoming holidays, millions of travelers will come down to the roads. The additional traffic on ThanksGiving and Christmas will bring along some additional pressure for the highway patrols and the traffic police. In addition to the general law such as over-speeding, texting during driving and drunk while driving, in this article we have [...]

If you are a first time home buyer or even having a home for long, you perhaps very well aware of the heat of maintaining a home. There is no doubt that maintaining a home is an expensive proposition since with a home a bunch of other costs come along too. However, there are ways [...]

What if you wake up one morning and find your car to be a lemon? Would you make a lemonade of it and start your day by drinking it? Sounds weird, right? Well, if unfortunately your car turns to be a lemon, your state’s lemon law could come to your rescue. Check out how. Few [...]

Life insurance, is just like any other necessary evil in our life. Like all other insurance products, here too, most of us seek it, but want to pay less in premiums. This could also be an ideal example of what we call ‘painless’ way to save money. If somehow you could lower your monthly insurance [...]

In the aftermath of the Superstorm Sandy, insurance carriers got busy recalculating the risks in case another Sandy strikes. However, after two years, State Farm agent Jen Dunn is trying to make her customers in New York understand the new insurance math. From now onwards, instead of the dollar value, deductibles for home insurance will [...]

People driving in Michigan pay on average $983.60 a year for insurance. If you think this overwhelming, just take a look at the figure that the driver of Detroit pay on average – a whooping $10,723.22 on average. As per the insurers, it’s due to the growing risk of crimes and uninsured drivers in the [...]

The 6.0 magnitude quake that hit the golden state in August, left the state with massive economic losses of more than $1 billion. When it comes to gain control of this situation and conquer it, a majority of the toll will come from the common man’s pockets. Despite estimates of the risk of earthquake has [...]