One in 6 employees stay at their jobs for the health plan

Health plan - Helath Insurance Plan

A West Health and Gallup study showed that people are sticking with employers that cover them. West Health and Gallup recently released the results of a study in which they found that 16 percent of workers are staying at their jobs in order to keep their health plan. The fear of losing their insurance benefits is locking people into positions they’d like to leave. “Approximately 158 million people, or more than half of the U.S. adult population, receive health insurance via their own employer or the employer of a household…

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Allstate and USAA to provide insurance coverage for additional Ida expenses in Louisiana

Insurance coverage - Hurricane Evacuation Route

The two large insurers have responded to a call made by President Joe Biden for living costs. Allstate and USAA have responded to President Joe Biden’s call to insurers to provide additional insurance coverage in Louisiana for policyholders in the state affected by Hurricane Ida. The additional assistance is meant to help customers evacuated from their homes without specific orders. The insurance coverage is being extended to Louisiana residents who were evacuated from their homes ahead of the storm without being under specific mandatory evacuation orders. President Biden called for…

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Luxury vehicle insurance prices vary widely among makes and models

Luxury vehicle insurance - Audi autumn leaves

Mercury has released a list of the high-end sedans and SUVs that are the least expensive to insure. High end cars are known for their comfort and performance, but just because they come with a higher price tag doesn’t mean the owners want to pay more than they have to for luxury vehicle insurance. Mercury Insurance has assembled a list of the models in this category that have the most affordable coverage. Sales of cars and SUVs in more affordable categories fell substantially last year as a result of reduced…

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State Farm only insurance company invited to Federal drone rulemaking committee

Insurance Company - Drone flying over buildings

The insurer was the only one invited to take part in the Federal Aviation Administration’s committee. The Federal rulemaking committee for unmanned aircraft systems (UAS) and drones has invited State Farm as the only insurance company to take part. Federal Aviation Administration (FAA) invited the largest auto and home insurer in the United States. The FAA asked the insurance company to take part in the UAS Beyond Visual Line of Sight (BVLOS) Aviation Rulemaking Committee (ARC). State Farm was the only insurer to receive such an invitation and membership on…

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Insurance industry bracing for impact from UN climate change report

Insurance Industry - UN Climate Change Report

The most recent report indicated that the situation was worsening far faster than predicted. The recently published UN climate change report has increased concern in the insurance industry, which is watching the heightened risk predictions. Insurers and policyholders are now expecting natural disasters with more frequency and severity. The UN climate change report pointed to increased instances and severity of wildfires, storms, droughts and sea levels that threaten coastal cities. Following this year’s record-breaking wildfires and droughts – with the Atlantic storm season only halfway through – it is far…

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Does a small business need commercial auto insurance on a personal car?

Commercial Auto Insurance - hands surrounding car

Small business can use personal vehicles for work, but personal policies may not cover it. Commercial auto insurance also goes by a number of other names, such as business auto, commercial vehicle, commercial car, truck, or fleet insurance. The name depends on the type of vehicle being insured, but the concept is all the same. This type of policy protects you company from financial responsibility in the case of a collision. If an auto collision should happen, it’s the commercial auto insurance that protects the company from being financially responsible…

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When do businesses need workers compensation insurance?

Workers compensation insurance - Work injury claim form

In many cases, this coverage is state mandated, so companies need to know when it applies to them. Workers compensation insurance is a type of policy that covers claims related to injuries employees sustain while on the job, including lost wages, medical expenses, rehabilitation, death benefits and more. As such, this type of coverage is typically meant for any company that has employees. It can be quickly and easily obtained from a reputable company such as Embroker. These types of claims are exceptionally common, and coverage is often required by…

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