Another Allstate auto insurance rebate is likely to be issued to policyholders

The insurer is moving to provide drivers with further relief as the pandemic continues to slash miles. The Allstate Corp insurer will likely issue another auto insurance rebate to its policyholders as a result of decreased driving habits throughout the pandemic, said the company’s CEO Tom Wilson. This additional reduction will be meant as a reflection of the ongoing driving reduction in certain areas. Allstate announced its first auto insurance rebate wave on April 6. At that time, it was returning over $600 million in premiums to its policyholders. The…

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Zurich Insurance predicts its pandemic claims payouts will break $750 million this year

Pandemic claims - Man sittig at window looking out - virus

The estimates involve the overall property and casualty (P&C) payments specific to the coronavirus. Zurich insurance has released its most recent forecast regarding payments of pandemic claims. The insurer giant predicts that its own payouts will be in the ballpark of $750 million for 2020. The insurer’s CFO said that the claim level can be compared to all 2017’s hurricanes combined. George Quinn, CFO at Zurich said that the size of the pandemic claims is similar to what they experienced in 2017 from Hurricanes Harvey, Irma and Maria, combined. That…

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Millions of Americans are losing employer sponsored health insurance plans

Employer sponsored health insurance - stethoscope - heartbeat monitor - glasses - pills

As workers across the country have been laid off, they’ve also been losing their medical coverage. Employees across the country who had been enjoying employer sponsored health insurance are suddenly finding themselves without a plan as the coronavirus causes millions of layoffs. In many states, the rates of uninsured residents are jumping from single to double digits. As though losing a job wasn’t enough as pandemic prevention efforts continue to hold in place, many Americans who had been covered through employer sponsored health insurance are losing their coverage, too. This…

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Missouri homeowners insurance rates have increased 76 percent in ten years

home improvement loan

Consumers in the state are experiencing some of the fastest increases in the US due to severe weather events. A new analysis of Missouri homeowners insurance rates has shown that consumers in the state are paying an average of 76 percent more this year than they did a decade ago. The severe weather that is striking the state on a more regular basis is to blame for the rate hikes. The Missouri homeowners insurance rate hike is the seventh largest percentage increase in the country. As severe weather events become…

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Consumer groups call for higher auto insurance rebates in the US

Auto insurance rebates - Driving

The Consumer Federation of America and Center for Economic Justice say insurers aren’t doing enough. The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) have recalculated their figures for insurers and say auto insurance rebates are not large enough. Some insurers have issued discounts and credits to policyholders in the face of COVID-19. However, the CFA and CEJ have concluded that some of the largest insurers have fallen short of fairness in the auto insurance rebates they’ve issued in the United States. Both consumer groups calculated…

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Amazon has been hinting at a new seller health care offering

Seller Health Care - Amazon logo on phone

The online marketplace hasn’t confirmed anything official but has teased at the concept. In a new survey, Amazon hinted at the prospect of offering seller health care by asking those selling on its platform regarding their satisfaction with their current coverage plans. In the heart of the COVID-19 pandemic, the marketplace seems to be thinking of supporting its sellers. Seller health care could help those offering products on Amazon’s platform with coverage. This would involve stepping into an entirely new space and industry. Amazon’s third-party sellers represent almost sixty percent…

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Homeowners insurer to cover gift card insurance at no extra cost

Gift Card Insurance - Woman holding gift cards

Consumers want to support local businesses by buying these certificates but are afraid the businesses won’t reopen. Erie Insurance has announced that its homeowners policyholders will receive gift card insurance coverage at no additional cost. These certificates allow consumers to pay now for purchases they will make at a later date. This additional protection has arrived at a time in which people are looking to buy the certificates from their favorite restaurants and businesses that have had to shut their doors due to the coronavirus pandemic. However, consumers are hesitant…

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