Marc ~ Live Insurance News

Natural disaster damage sends homeowners insurance rates skyward

November 13, 2019November 12, 2019 Marc

Natural Disaster Damage - Tornado destruction

Insured losses resulting from claims relating to Mother Nature have been climbing sharply. Natural disaster damage has been sending homeowners insurance claims upward and, as a result, it has meant that rates for policies have been rising, too. A new analysis showed that severe storms and other catastrophes are becoming more common. Over the last ten years, natural disaster damage has become more commonplace and more expensive for homeowners and insurers. According to a new analysis, this is causing home insurance rates to head sky high. The analysis was done…

Life coach insurance protects experts and the advice they give

November 4, 2019November 3, 2019 Marc

This coverage is vital to protect against malpractice lawsuits that could come from dissatisfied clients. When checking all the boxes for a well run business, life coach insurance can be easy to overlook, but is one of the most vital steps to remember. This coverage can mean the difference between a highly successful small business or a complete financial catastrophe. When you have a great relationship with your clients, it can be difficult to imagine they might sue you. A lawsuit can seem to come out of nowhere, and it…

Washington gun insurance company fined $100,000 illegal policy sales

October 25, 2019October 24, 2019 Marc

The state insurance commissioner fined the insurer and barred it from policy sales in the state. Washington state insurance commissioner Mike Kreidler’s office has fined a gun insurance company more than $100,000 for selling illegal policies. The insurer has also been stripped of its license to sell any coverage in the state. The insurer had been selling policies to gun owners in order to cover them for them for criminal activity. The United States Concealed Carry Association, Inc. is a gun insurance company. It was selling policies that would provide…

Auto insurance claims involving animals skyrocket in the fall, says Farmers Insurance

October 15, 2019October 14, 2019 Marc

The insurer is reminding drivers to be mindful of this seasonal increase in driving risks. As the fall begins, so does the migration season for many kinds of animals, which unfortunately leads to a rise in auto insurance claims in crashes involving animals on the road. New data by Farmers Insurance showed an increase in 36 percent in claims for those reasons. Farmers Insurance data showed that there is a rise of about 36 percent in comprehensive auto insurance claims involving crashes with animals on the roads during the fall.…

Aging holocaust survivors file lawsuit over Nazi-era life insurance payouts

October 11, 2019October 11, 2019 Marc

Holocaust Survivors - Image of Auschwitz

Surviving beneficiaries have faced a decades-long battle for payments for their murdered relatives. Holocaust survivors have been battling with life insurance companies for years – and sometimes decades – to receive life insurance payouts from policies for which they were beneficiaries. Family members of people murdered by Nazis are seeking payment from the coverage they had on the victims. Holocaust survivors are running out of time in their efforts to recover insurance policies that Nazi-era companies refused to honor. According to the Holocaust Survivors’ Foundation USA, the sum total of…

Is bookkeepers insurance for professional liability necessary?

September 30, 2019September 29, 2019 Marc

Bookkeepers Insurance - accounting - computer - calculator

Many small business owners in this area don’t realize how important this coverage is. Bookkeepers insurance is an often overlooked by freelance professionals who don’t realize how vital it is to protect themselves against risks their general commercial liability policies don’t cover. This coverage is in the form of professional liability insurance. Keeping books involves a number of risks that are unique to this task and not covered by general policies. Professional liability bookkeepers insurance helps to protect your business or consultancy from risks general commercial liability policies don’t cover.…

Allstate insurance agents push back against insurer call center plans

September 18, 2019September 17, 2019 Marc

The insurer’s sales force views this move as an expensive burden despite promised benefits. Allstate insurance agents have been expressing their discontent with the insurer’s decision to create customer call centers. The agents say it is an expensive burden but the insurer calls it an improvement in efficiency. Tom Wilson, Allstate CEO, explained that the insurance company is currently shifting service tasks from its agents into a centralized system. This is “because we can do it cheaper, better, faster.” This level of discontent among Allstate insurance agents is a rare…

Author: Marc