Progressive offers Thanksgiving turkey insurance protection plan at Whole Foods

Thanksgiving Turkey Insurance - Turkey in oven

The grocery chain and insurer have teamed up to help customers protect their holiday meal this year. The Whole Foods grocery chain is working with Progressive to offer customers a Thanksgiving turkey insurance plan. The idea behind this coverage is to help protect against having the central part of the meal go wrong. The two companies are working together in this unique and somewhat odd combination. This Thanksgiving turkey insurance will be available exclusively for the one dish for this single celebration. Therefore, even if a family member brings a…

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Allstate joins the CDP Supply Chain to advance its sustainability commitments

CDP Supply Chain - Hand holding tree

The insurer joined a select few property and casualty providers in asking more of suppliers. The Allstate Corporation has announced that it has joined the CDP Supply Chain, which means it will be requesting that its key suppliers report their emissions data. This will be one of several steps the insurer is making to boost its supply chain transparency. The emissions data is reported to CDP Supply Chain, which is a global non-profit disclosure system that makes it possible for businesses to manage and measure the impact they have on…

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Insurers brace for a spike in Halloween insurance claims

Halloween insurance claims - Jack-O-Lantern

This holiday has become one of the traditions leading to a spectrum of filings on many policy types. Halloween insurance claims have been climbing with each passing year. Despite the impact of the pandemic, it is still expected to cause filings to rise. Insurers are getting ready to receive the calls for vandalism, theft, and crashes. On this holiday in 2016 through 2019, Statista data showed that 70 percent of Americans intended to take part in celebrations on this day. The COVID-19 pandemic is holding back the celebrations, but 58…

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Governor Newsom declares California state of emergency in three counties

California state of emergency - Wildfire in California

The alert is regarding the Glass and Zogg wildfires which threaten Napa, Sonoma and Shasta counties. Governor Gavin Newsom has declared a California state of emergency in three counties as a result of the Glass and Zogg fires. Those wildfires have already killed three people and have torched their way through thousands of acres since last Sunday. The governor included Napa, Sonoma and Shasta in his statement and sent a letter to President Trump. In Governor Newsom’s letter regarding the California state of emergency in the three counties, he addressed…

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Edison must pay insurers $1.16B for Thomas Fire and Montecito mudslides

Thomas Fire - Money burning

The power company announced the settlement of the lawsuit with insurance companies. Southern California Edison has announced that it has reached a settlement with insurance companies that sued it over the Thomas Fire and Montecito mudslide disasters. The utility will pay $1.16 billion to insurers over the disasters in Ventura and Santa Barbara counties. Edison announced this settlement in a news release in which it explained that the agreement was not an admission of any wrongdoing or liability. “We are making significant progress toward resolving wildfire-related litigation,” stated president and…

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Voltage Dip: What Is It And How Can You Fix it?

voltage dip homeowners insurance

Electricity is fundamental to life as we know it. Although, interestingly, there are still 940 million people in the world without access to electricity. The supply of electricity is carefully managed by the electricity companies that produce enough demand at any given time. But, the demand is not as smooth or consistent as you may think. Fluctuations in the supply are known as voltage dip when the available voltage drops but only for a brief moment. You’ve probably experienced it, a light bulb briefly dimming or flickering, the power appearing…

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California wildfire risk increases homeowners’ insurance challenge

California wildfire risk - homes near fire

Insurers are facing massive losses and have been withdrawing from areas prone to fires. The California wildfire risk has been causing problems for homeowners in the state that extend beyond the devastation left behind by the widespread uncontrolled blazes that are becoming increasingly problematic. As massive blazes become more commonplace, the cost associated with them is sending insurers away. Due to the California wildfire risk, insurers are falling out of love with the opportunity to insurer the properties there, particularly in areas most prone to the fires. “The marketplace has…

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