Boeing 737 Max bans underscore importance of travel insurance policies

Boeing 737 Max Bans - Boeing 737 Plane

Travelers around the world are experiencing cancellations and delays due to airspace bans for the jets. Countries around the world, including the United States, European Union’s 32 nations, Canada and others worldwide have implemented Boeing 737 Max bans. These apply both to flight suspensions and movements in and out of airspaces. Travelers insurance is proving helpful for many travelers experiencing associated delays and cancellations. Travelers affected by the Boeing 737 Max bans aren’t just those flying in and out of the countries that have suspended the Max 8 and Max…

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Insurance companies facing rising water damage claims

Water Damage Claims - Houses in flood waters

A new report shows that leaks are becoming increasingly problematic for homeowners and insurers. A new Verisk Analytics report from its ISO unit has found that insurance companies are taking an increasing number of water damage claims. At the same time, other forms of claim have been falling in frequency. The report determined that one in 50 homeowners insurance policyholders file a leak claim each year. Water damage claims affect one in every 50 homeowners insurance policyholders every year, according to the research. The study involved data from 2013 through…

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Daylight Saving Time comes with an hour less sleep and added risks, say insurers

Daylight Saving Time - woman sleeping on table

Insurance companies are reminding consumers to take certain precautions this year. Daylight Saving Time causes many of us to grumble about losing an hour of sleep, but this year, insurers used the date to remind consumers of other potential risks. They are hoping people will take certain precautions to keep themselves, their families and their properties safe. Moving clocks ahead can come with greater hazards on the roads from sleep deprived drivers. Just one hour’s difference from Daylight Saving Time causes traffic accidents to spike every year at this time.…

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Farmers Insurance celebrated Dr. Seuss’ 115th birthday with a clever story

Farmers Insurance Celebrates Dr. Seuss' brithday - students

The insurer released an ad based on real claims recreated into a Dr. Seuss-style storybook ad Farmers Insurance chose to celebrate Dr. Seuss Day – what would have been the author and illustrator’s 115th birthday) – with an animated ad written in his storytelling style. “The More That You See” was based on real claims filed with the insurer and was voiced by Professor Burk, the brand’s spokes character (voiced by Oscar winner J.K. Simmons). The amusing 60-second animated ad was amusing enough to enjoy viral status on social media.…

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Ethisphere Institute names Allstate as one of the 2019 World’s Most Ethical Companies

World’s Most Ethical Companies - Ethics - Business

This is the fifth time the insurer has been honored with this coveted title by the ethics standards firm. Ethisphere Institute has recognized Allstate as one of the 2019 World’s Most Ethical Companies for the fifth time. The firm is a global leader in the definition and advancement of ethical business practice standards. Allstate is one of seven companies to have received the title from Ethisphere for 2019. The insurer has been named as one of the World’s Most Ethical companies for five consecutive years. The designation underscores the insurance…

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Snowmobile theft rates are highest in Alaska, says National Insurance Crime Bureau

snowmobile theft - snowmobile rider

A national crime statistic analysis showed three parts of the state experienced the most reports in the country. The National Insurance Crime Bureau conducted an analysis of snowmobile theft reports across the United States. What they determined was that three regions in Alaska saw more thefts of these machines than anywhere else in the country. There were 128 snowmobiles stolen in Alaska from 2015 through 2018; 8 percent of the U.S. total. Anchorage, Alaska saw the highest rate of snowmobile theft in the United States. Throughout the span of time…

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Auto insurance will be unrecognizable as self-driving cars flood US roads

Self-driving cars - Vehicle in Tunnel

These automated vehicles will remove 90 percent of the risk associated with driving a car. Self-driving cars may still be at their very earliest uses in certain very specific locations, but the auto insurance industry is already bracing for them. After all, these vehicles will change the nature of the need for coverage. As it appears that a substantial amount of the risk from driving will shrink, insurers are bracing themselves. At the moment, the first wave of self-driving cars come with astronomical premiums. A recent Bloomberg report pointed to…

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