Live Insurance News

California auto insurance investigating premiums discrimination

May 23, 2017May 19, 2017 Marc

The state Department of Insurance launched an investigation into the factors used to calculate rates. The California auto insurance industry may soon be changing the way its rates are calculated in order to reduce discrimination against drivers from minority neighborhoods. The California Department of Insurance launched an investigation into the practices of eight auto policy providers in the state. The investigation is meant to decide whether the insurers are discriminating against people in minority neighborhoods. The California auto insurance rate investigation was launched in response to an article published on…

New Hampshire insurance exchange won’t lose any insurers in 2018

May 18, 2017May 17, 2017 Marc

Regardless of the uncertainty in the industry, all companies have indicated their intent to return. The New Hampshire insurance exchange won’t be following the trend of states losing insurers next year. Instead, the marketplace has managed to hang on to the companies currently selling health plans there. The uncertainty regarding the future of the Affordable Care Act caused doubts in some states. There are four insurers selling on the New Hampshire insurance exchange and each have now submitted their applications to do so next year. The New Hampshire Insurance Department…

Tornado insurance tips to help victims of damage

May 5, 2017May 3, 2017 Marc

Adjusters released a number of recommendations to homeowners affected by last week’s storms. Last weekend hundreds of homes were hit by an EF1 tornado and throughout this week, tornado insurance adjusters have been dispatched. They’ve been visiting the affected areas of South Carolina and Louisiana. As insurance companies do their best to assist the victims of the storms, they have also issued advice. The tornado insurance adjusters have made a number of recommendations to homeowners still waiting for their damage to be assessed. As many of the homeowners don’t know…

American Family Insurance in hot water with possible $1 billion in legal liability

April 26, 2017April 24, 2017 Marc

The insurer may be faced with the massive penalty if a federal judge accepts a jury ruling. American Family Insurance could have to pay legal liability as high as $1 billion depending on a federal judge’s decision. Last week, a jury decided that thousands of the insurer’s independent agents are entitled to full employee retirement package benefits. If the judge adopts that ruling, the company, also known as AmFam would be required to comply. The jury’s ruling was made after a two week trial held at an Ohio U.S. District…

Has Progressive Insurance fallen out of love with Flo?

April 18, 2017April 14, 2017 Marc

The nationwide insurer has launched a new marketing campaign in which the beloved mascot was notably absent. Progressive Insurance recently launched a whole new marketing campaign from which Flo, the company’s fictional salesperson/mascot, was left out. That character has been included in nearly every campaign since 2008. This has left some people to wonder whether or not the insurance company is testing the waters without her. The new Progressive Insurance campaign has adopted a new style and angle. It was humorously designed to reflect a trend exceptionally familiar to millions…