Live Insurance News

Farmers insurance drone program takes off

August 3, 2017August 2, 2017 Marc

The insurer has become the latest among the large companies to use unmanned aerial aircraft systems (UAS). The Farmers Insurance drone program had its official launch yesterday as the insurer rolled out a fleet of the devices. These unmanned aerial aircraft systems (UAS) will be used to improve the customer claims experience. Insurance companies are increasingly using drones to view damage to roofs and other difficult to reach places. The Farmers Insurance drone units will be deployed by adjusters who need to assess the damage left behind by severe weather.…

California wildfire insurance coverage remains important despite drought end

July 25, 2017July 22, 2017 Marc

California wildfire insurance fire season homeowners

Millions of residents of the state aren’t out of the risk of wildfires even though the rains returned. The end of the several year long drought in the state hasn’t eliminated the need for California wildfire insurance yet, says a new report. Last winter came with soaking storms that put an end to what looked as though it would be a never-ending drought. Despite the fact that the land is no longer parched as it has been over the last few years, this doesn’t mean that the threat of wildfires…

Michigan insurance industry is having a hard time filling job postings

July 19, 2017July 17, 2017 Marc

Michigan insurance industry jobs application form

Insurers in the state are continuing to open positions in their companies, but workers aren’t there to fill them. The Michigan insurance industry is all set to open up a range of new jobs over the next few years. However, it is already facing a considerable challenge in their effort to fill the positions as insurance companies compete to attract talent. This was among the primary findings in a study conducted by Ferris State University researchers. The university’s insurance, actuarial and risk management student team surveyed companies in the Michigan…

Colorado insurance commissioner points finger at Trump administration for massive rate hikes

July 18, 2017July 15, 2017 Marc

Marguerite Salazar says that uncertainty generated by the president led to the 27 percent rate hike requests. Colorado Insurance Commissioner Marguerite Salazar’s department received requests for 27 percent rate hikes in the individual market and 7.3 percent for small group. The commissioner is not happy and blames the Trump administration for the uncertainty they’ve created within the market. Salazar said the games played by the Trump administration have caused the health insurance market to become unstable. The result of these actions, said the Colorado insurance commissioner, was huge 2018 rate…

Auto insurance rates getting more expensive, says J.D. Power

July 11, 2017July 7, 2017 Marc

auto insurance rates companies customer satisfaction

The firm’s 2017 U.S. Auto Insurance Study revealed that more than 1 in 4 drivers is paying more. J.D. Power released its 2017 U.S. Auto Insurance Study showing that auto insurance rates are headed skyward for a quarter of Americans this year. This came with the not-too-surprising news that drivers are less satisfied with their car insurance companies than they were previously. The car insurance rates are having a direct impact on how satisfied Americans are with their insurers. The J.D. Power study this year found that 26 percent of…