Author: H. Cutner

GEICO auto insurance announces partnership with NCAA

H. Cutner
Auto insurance - Partnership between companies

The insurer said the agreement spotlights the company’s commitment to student athletes GEICO and the National Collegiate Athletics Association (NCAA) recently announced that the insurer would be the NCAA’s official home and auto insurance partner. The partnership involves all the NCAA’s men’s and women’s championships The broad partnership includes all 90 of the NCAA women’s and men’s championships, demonstrating the auto insurance company’s commitment to college sports and student athletes. “We are thrilled to welcome GEICO back to the NCAA Corporate Champion and Partner Program,” said NCAA senior vice president…

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Texas wildfire victims often didn’t have home insurance coverage

H. Cutner
Home insurance - fire destruction inside home- Texas flag

Many of the structures – including homes – that were taken by the fires lacked a policy. Many of the victims of the wildfires that blazed through parts of Texas were without home insurance coverage, leaving them without any financial support to help them to recover. As a result, man of those victims might never experience full financial recovery At a recent news conference, Texas Governor Greg Abbott said that many of the people who lost their homes to the wildfires “had no insurance.”  As a result, he pointed out…

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Wildfires are sending Oregon homeowners insurance rates skyward

H. Cutner
Homeowners Insurance rates rising in Oregon - Wildfires

State residents are seeing fewer options, reducing competition in that market Property owners in Oregon are increasingly discovering that they have very few homeowners insurance options, and this marketplace situation is causing premiums to head much higher every year. Many insurers have chosen not to write any new policies in the state Due to the situation in the state’s market, many property owners in the eastern, southern and central parts of Oregon have watched their homeowners insurance coverage become decreasingly affordable or have had their policies canceled at renewal time.…

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State Farm Registers $6.3 Billion Net Loss in Challenging 2023 Fiscal Year

H. Cutner
state farm insurance news

Despite attempts to improve results following a substantial $6.7 billion loss in 2022, State Farm, a leading insurance giant, ended 2023 with a $6.3 billion net loss. The company cites a surge in catastrophe claims as a significant factor contributing to their financial results. Elevated Claims and Unfavorable Results The Financial Climate State Farm’s financial report for the year reflects a tumultuous period, as total revenue reached $104.2 billion, yet it was not enough to prevent a net loss. The company’s combined ratio, a key measure of underwriting profitability, rose…

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Will RV insurance pay for a new roof?

H. Cutner
RV insurance - Roof of RV Costs

Replacing the rooftop can be costly, so many consumers want to know if it’s covered. Having to replace an RV roof can be very stressful for owners, as it can come with a cost and require a lot of time, making it easy to understand why many wonder if RV insurance will cover this expense. Consumers who know what to expect may be able to reduce the stress associated with this event. Owners are advised to look into the process for replacing the roof, to examine their RV insurance coverage,…

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