Author: Nordstrom

Ben Affleck movie insurance battle takes off following production delay

Nordstrom
Ben Affleck movie insurance - Ben Affleck

The film’s producers are in a coverage fight with their insurer, Chubb, over pandemic postponements. Hollywood producers have launched a battle with insurer Chubb over a Ben Affleck movie insurance policy’s coverage of pandemic delays. The producers sued the insurer last week over its refusal to extend the policy’s coverage for the delay. The Ben Affleck movie insurance policy is set to expire in October, but the film’s production has been delayed due to the COVID-19 pandemic. As a result, the producers sough to extend their insurance coverage for the…

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Metromile partners with Ford for pay per mile insurance

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Pay per mile insurance - Speedometer

The automaker is offering the coverage along with the sale of all its new connected cars. Ford is offering new car buyers an opportunity to use pay per mile insurance to safe money on their auto coverage. As millions of Americans have changed their driving habits and are working from home, there may be an opportunity to save on lower annual mileage. The automaker is offering the coverage through Metromile start-up auto insurance company. The partnership between Ford and Metromile may make it easier for drivers to access the pay…

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86 percent of homeowners think they have their hurricane preparedness under control

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Hurricane Preparedness - Hurricane Laura as a category 4

Many property owners aren’t taking into consideration the additional challenges from COVID-19. Even after the devastation left behind by the major storms last week, most homeowners feel they have made adequate hurricane preparedness efforts, according to a recent survey. When Hurricane Laura reached the US Gulf Coast, it struck as a highly powerful category 4. According to the research conducted by ValuePenguin, most homeowners – 86 percent – feel that the hurricane preparedness steps they have taken are enough. However, thousands of people who were in the path of last…

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Delaware Governor Carney signs storm damage fund executive order

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Storm damage fund - Damaged house and car

Gov John Carney’s signature created the Delaware Resilience Fund Program. Governor John Carney signed an executive order at the end of last week, which effectively created a storm damage fund to help residents to recover from the recent destructive weather. The new program is meat to help residents to overcome the costs associated with recovery. The governor’s storm damage fund is meant to help people in Delaware who are struggling to cover the cost of recovery after having faced damage from the severe storms that happened earlier in August. The…

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RMS pegs Hurricane Isaias loss estimates as high as $5 billion

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Hurricane Isaias - American dollars

The insured total loss estimates in the United States include those from NFIP claims. The Risk Management Solutions (RMS) catastrophe risk modeling firm has predicted that the total insured losses associated with Hurricane Isaias in the United States will be between $3 billion and $4.5 billion. The Atlantic storm caused less than $500 million in insured damage in the Caribbean, said RMS. The US estimate includes the losses the National Flood Insurance Program (NFIP) covered from Hurricane Isaias. Those were estimated to have fallen between $400 million and $700 million,…

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Insurance agent value not always recognized by consumers, says Nationwide study

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Insurance agent value - Man observing charts on iPad

The insurer’s research shows that customers’ and agents’ perspectives don’t always align. A new Nationwide Insurance report has indicated that when it comes to the insurance agent value provided, these pros don’t necessarily see things the same way as their customers. The research points to a number of critical gaps between the thoughts of the two sides. The insurance agent value has always been built on a foundation of providing customers with everything they want; from the information and resources they need to the support and assistance they require. However,…

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Reproductive health care coverage is shrinking due to widespread job losses

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Reproductive health care - pregnant woman

The pandemic crisis job losses are especially hard on younger women and women of color. The immediate economic harm from the COVID-19 pandemic crisis is clearer to see than issues such as shrinking access to reproductive health care coverage. Young women and women of color are being hit hardest by job losses and therefore coverage loss. Health plans are linked to employment for approximately half of Americans. This means that any of those 160 million people who lose their jobs also risk losing their health plans and, therefore, their reproductive health…

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