Scammers are taking aim at consumers shopping at this time of year, as well as at student loan borrowers. At this time of year, identity protection products can be particularly helpful to consumers, said a recent news release from Allstate, cautioning consumers about criminals targeting holiday shoppers and federal student loan borrowers. About a tenth of Americans have been victims of scams having to do with federal student debt forgiveness. About two in five of the student loan scam victims are contacted a minimum of once per week, according to…
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Agents and professionals are advised to keep up with technology – this will be sure to help with running an agency or brokerage. Learn what company is coming out with the latest claims program or risk mitigation software.
How Do I Report My GSA Schedule Sales?
Reporting GSA sales is an obligatory part of your GSA Schedule contract. Under the terms of your contract, to remain compliant with GSA regulations, you need to report GSA sales regularly, otherwise you put your contract at risk. So, how do you report sales? Let’s bring this into focus. Meet FAS Sales Reporting Portal As a GSA Multiple Award Schedule (MAS) contract holder you are obliged to report every GSA sale you make. From 2018, the Federal Acquisition Service has introduced a new way to do this: the FAS Sales…
Read MoreState Farm will power Illinois corporate facilities with renewable energy
The insurer has signed an agreement with Constellation to purchase the green electricity. Insurance company State Farm recently announced that they have signed a new agreement with one of the leading power and natural gas suppliers in the United States, Constellation, to power the Illinois corporate facilities with renewable energy. The energy strategy is a component of the insurance company’s broader decarbonization effort. State Farm has been making a number of environmental impact commitments lately, and this renewable energy agreement is among the latest steps it has taken. The agreement…
Read MoreSpott launches new pay-as-you-sell ecommerce insurance model
The insurer has rolled out a novel premium calculating for online businesses to pay based on what they sell. Ecommerce insurance company Spott has announced the launch of a new Pay-As-You-Sell liability insurance model. The coverage lets digital businesses pay premiums based specifically on how much they sell. The design of this ecommerce insurance is such that an online company will pay liability coverage premiums based on how much they sell and will never have to pay higher than their original premium amount. As a result of this pricing model…
Read More2023 Global Insurance Symposium to Focus on ‘Thriving in a Changing World’
April 18-20 event to feature new tech, industry leaders & networking Des Moines, Iowa, November 14, 2022: The Global Insurance Symposium (GIS) announced its 2023 conference will be held on April 18-20 at the Community Choice Credit Union Convention Center in Downtown Des Moines. This event draws insurance leaders from around the world for three days of keynotes and panel discussions led by preeminent executives and dignitaries on pressing issues facing the industry, interactive demonstrations of new technologies and opportunities for attendees to help shape the future of insurance. Presented…
Read MoreSwiss Re seeks creation of cyber insurance linked securities marketplace
The global reinsurance giant has stated that the industry needs a new approach to underwriting cyber risk. Swiss Re has issued a call to the industry saying that a new approach is required to underwrite cyber risk while repeating is recommendation for the development for a cyber insurance linked securities (ILS) marketplace. The reinsurance company released a new Institute report including its insights and suggestions. The reinsurer stated in a new Institute report that the cyber risk model is still in its early days and that it has become evident…
Read MoreState Farm insurance company sues Amazon over patent infringement
According to the insurer, the online marketplace willfully infringed on patented tech. The State Farm insurance company has filed a lawsuit against Amazon, accusing the ecommerce giant of having “willfully infringed” on State Farm patented technology at the core of Elder Care Technology in order to offer a competing product. The insurer filed the lawsuit against Amazon and affiliated companies for patent infringement. The insurance company’s lawsuit has to do with the tech innovations incorporated into the Sundial product. This represents the first time the insurer has ever filed a…
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