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Every four years Insurance Companies underwrite all the risks associated with holding and attending the World’s largest sporting event – The FIFA World Cup Finals. Insurance Blog reports on the risks and covers available and the large premiums paid to ensure that this years Tournament currently going on in South Africa, went without a hitch… The prior concerns and fears that had been raised over the insurance cover for the 2010 World Cup failed to materialise as the tournament passed off without a major incident or claim. FIFA had been forced to build a R6.3 billion contingency fund (around a billion US dollars) to cater for the possible collapse of the 2010 event -  a lot of money when you consider that the winners Spain only receive £40 million pounds ($60 million) in prize money.  FIFA have taken out cover  for any kind of interruption, delay or abandonment of the World Cup and the consequent loss of revenues

When Insurance Blogger was a nipper….. Back in the 1960′s if you were lucky you had a black and white televison – the box! with an aerial that looked like a sea mine or something out of Doctor Who sitting on top of it. There were 2 UK TV Channels: The BBC – Mother of the Nation and voice of the world……

Yesterday, an article in the Los Angeles Times reported that a public health insurance option has almost no chance of coming out of the U.S. Senate Finance Committee, headed by Chairman and Senator Max Baucus from Montana. So then we’re left with health insurance co-operatives

In a continued budding national trend, New Jersey becomes the latest state to mandate autism health insurance coverage for diagnosis and treatment.

A survey released by America’s Health Insurance Plans reveals exorbitant out-of-network fees — and charges that these are playing a significant role in rising health care costs. Some of the figures in the study are definitely striking. For example, a cataract surgery that Medicare pays $675 for cost one patient in Illinois $12,712.