Man attempts auto insurance fraud an hour after crashing his car

auto insurance fraud - Car Crash

An uninsured California man attempted to purchase a policy an hour after having an accident. A man from California is on his way to prison after having committed auto insurance fraud an hour after a crash. The man has been convicted and will spend 11 years in jail, according to an Insurance Business Magazine report. The man was uninsured at the time of the crash but attempted to buy a policy an hour later. According to prosecutors on the case, the man had an accident in his car, then bought…

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1 in 5 Consumers accept Amazon and Google as homeowners insurance companies

Homeowners insurance companies - Home in bubble over hand

A J.D. Power survey showed that shoppers see these tech giants as acceptable home insurers. One in five consumers said in a recent J.D. Power survey that they would be willing to use Amazon or Google as homeowners insurance companies. Among those who participated in the survey, 80 percent were already insured by a large national carrier. Amazon and Google have both dabbled in the insurance industry and are expected to become increasing participants in the marketplace. Earlier in August, media reports showed that Amazon was testing the waters in…

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Allstate releases its catastrophe loss estimate for July 2018

Catastrophe loss estimate - Destruction - American Flag

The American insurance giant released the announcement of loss as well as its future predictions. The Allstate Corporation recently released its catastrophe loss estimate for July 2018. Throughout that month, it estimates having experienced loss from catastrophes reaching a pre-tax $262 million. This figure converts to $207 million after taxes are taken into consideration. The Allstate Insurance catastrophe losses were the result of 15 individual events in July. The July 2018 catastrophe loss estimate were the outcome of 15 separate catastrophic events. They brought with them losses of $220 million…

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Russell Higginbotham announced as new Swiss Re CEO

Swiss Re CEO - New CEO Announced - Business

The incoming chief executive officer will replace Jean-Jacques Henchoz, who is leaving the insurer. Group Executive Committee member, Reinsurance EMEA and Regional President EMEA, Russell Higginbotham will become the Swiss Re CEO on September 1, 2018. The previous chief executive officer made the decision to seek an opportunity outside Swiss Re. Russell Higginbotham isn’t at all new to the insurer. Before being named as the new Swiss Re CEO, Higginbotham has been working for the firm for 24 years throughout a spectrum of different geographies and business areas. His most…

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Dog insurance premiums are more affordable in some cities than others

Dog insurance premiums - Dog - cute dog -sad dog

These locations are providing agents, brokers and animal owners a substantial opportunity. A recent study has revealed the parts of the country where dog insurance premiums are the lowest. There, pet owners can purchase coverage for their furry family members in an affordable way. Pet insurance can come with a hefty cost, depending on where the policyholder resides. When a beloved pet is injured or falls ill, vet bills can be in the hundreds or thousands of dollars. This can require animal owners to have to choose between their financial…

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