Motorcycle insurance companies recommend adequate protective clothing

Motorcycle insurance - first person motorcycle perspective

Insurers have underscored the importance of wearing the right gear for riders on the road. As riders head out onto the roads, motorcycle insurance companies are reminded of the importance of wearing the right protective clothing. Riders are vulnerable to severe injury while riding normally as well as in the case of a motorcycle crash. As the riding season gets underway, motorcycle insurance companies want their motorcycle policyholders to remember how to keep themselves safe as some of the most vulnerable road users. Riders face risks every day they’re on…

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These states generate the most hurricane insurance claims in the US

Hurricane insurance claims

State Farm released a list of the locations where the severe storms cause the most covered damage. State Farm received 119,000 hurricane insurance claims last year, and they all came from policyholders that had covered properties in 9 states. There was a total of approximately $1.2 billion in claims paid out to the affected policyholders. The hurricane insurance claims were paid for the repair and rebuilding of homes damaged by the storms. The State Farm data from last year include the storms called Henri, Nicholas, and Ida. They impacted 9…

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Property insurance expansion approved by Colorado legislature

Property insurance - Colorado - Home

The decision was made to provide immediate and practical assistance due to wildfire losses. Victims of Colorado’s wildfires could soon benefit from more assistance from their property insurance companies as the state’s legislature recently approved changes. The goal is to provide policyholders and victims of the wildfires with immediate and substantial help. Should House Bill 1111 be signed into law, it will mean that the number of lost property insurance companies will be required to provide upfront coverage and to lengthen the timeframe victims have in which to apply for…

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California Commissioner Lara places green investment onus on insurance companies

Insurance companies - Green Investment

A new report detailed how insurers have funded fossil fuel companies and the impact it has had. California Insurance Commissioner Ricardo Lara recently released a report and webpage in which he detailed the investments insurance companies have made into fossil fuel. The report and webpage are components of the commissioner’s broader efforts by the Commissioner. Commissioner Lara has used this report on investments into fossil fuels by insurance companies as a part of his broader strategy to protect Californian consumers from the impact of climate change. The state is making…

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Florida property insurance could get special legislative session

Florida property insurance - Florida on map

Lawmakers are calling for the opportunity to work on this critical state in the issue. Senator Jeff Brandes (R-St. Petersburg) has formally asked his colleagues to support the call he made to hold a special legislative session to focus on the Florida property insurance crisis. The state has been losing insurers as they withdraw or go into liquidation. “We can no longer wait on this issue,” said Brandes, who issued a “template letter” to his colleagues so those lawmakers could send it to the Department of State. The goal is…

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Insurance agents hit with slashed commissions as new ACA enrollments launch

Insurance agents - Commissions

Insurers offering Affordable Care Act coverage are sometimes reducing the cut for those selling it. Insurance agents working for insurers selling coverage through the Affordable Care Act have started to alter the relationship they have with those employees by slashing – or eliminating – commissions for sales. Bright Health is among those that have advised their brokers that their commission structure is changing. According to a recent report in Fortune, Bright Health issued a note to its insurance agents stating that they had seen “extraordinary growth” in the enrollment into…

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State Farm releases poison prevention tips to reduce pet insurance claims

Pet insurance - poison prevention tips

The insurer published a number of safety recommendations to assist cat and dog owners. State Farm and Trupanion recently released a list of advice for pet insurance customers to help them to prevent accidentally poisoning their cats and dogs. There are many things that animal owners can do to help ensure poisons are kept well out of reach. The insurers recommend that pet insurance customers begin by looking around their homes and other areas where their furry family members will be spending time. They should try to spot potential dangers…

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