The Importance of Event Insurance: What the Pandemic Has Taught Us

event insurance and why its so important

The pandemic has completely disrupted the lives of people across the planet. It has destroyed lives and businesses and forced the rest of us to adapt to a new way of life. The situation we are in has been a wake-up call for many of us on a wide variety of issues and have changed the way most people view event insurance. Many have been fundamentally changed by their experiences during this period. Among the many lessons have been things like appreciating the small freedoms that have temporarily been lost…

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California RV insurance policies soar after another year of top sales and rentals

California RV insurance - RVs

Motorhome travel is up by 143 percent, and this year’s season is only getting started. California RV insurance is experiencing a boon as recreational vehicles begin another popular season due to the pandemic’s impact on travel. Campers and road trippers are buying and renting these vehicles like never before. California RV insurance is among the states that have enjoyed some of the highest growth rates, as the state is already known for its outstanding views and spectacular camping and road tripping opportunities. The outdoor experience in the state simply lends…

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California bill would create new dependent parent health plan regulations

Dependent parent health plan - grandparents

As adult children care for aging family members, insurance law may adapt health care coverage. A new dependent parent health plan bill has been making California insurance news. The idea behind Assembly Bill 570 is to allow caregiver children to add their parents to their policies. Twelve percent of US parents with a child under 18 years are also caring for another adult. As the population ages, a growing number of families are taking care of older family members. The new dependent parent health plan bill would make it possible…

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Allstate sells off the last of its life insurance business

Life insurance business - sale - business deal

The insurer from Northbrook, Illinois is taking steps for a final exit from that industry sector. Allstate has decided to make a complete departure from the life insurance business, selling off the rest of what remained of its shrunken coverage unit. The giant announced that it had come to a deal with Wilton Re to sell the rest of the life unit. To close this deal, Allstate chose to book a $4 billion loss in the first quarter. In it, the company has sold the last of its life insurance…

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Allstate Corporation P/C IFS Rating A+ from Fitch

Allstate Corporation - Allstate Business

As positive as the insurance news is for property and casualty, life entities are still watch rated. Fitch Ratings has affirmed the Insurer Financial Strength (IFS) A+ (strong) status of the core property and casualty insurance subsidiaries at Allstate Corporation. This is positive insurance news for the company that has faced massive natural disaster losses. Overall, the Rating Outlooks issued for the company are Stable. That said, at the same time that the insurance news was positive for Allstate Corporation P/C, Fitch maintained the Negative Watch on Allstate Life Insurance…

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Top 10 Mothers Day gift ideas for working moms

mothers day gift ideas for the working mom

All these great presents can conveniently be ordered online on sites like Amazon. When you’re shopping for Mothers Day gift ideas for working moms, the best presents are the ones that help to save time and money, that are indulgent, or that get the job done without any effort. Shopping early helps you to know you’ll have time to find the best gift ideas for working moms. The good news is that you’ve found this list of the top 10 gift ideas for working moms.  This will let you find…

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Trapped Suez Canal ship Ever Given insurance providers face millions in claims

Ever Given Insurance - Image of Cargo Ship

The owner of one of the largest container ships in the world is making massive insurance industry news. The Ever Given insurance claims following the container ship’s disastrous blockage of the Suez Canal are expected to total millions of dollars. In fact, insurance industry news sources were already predicting that total even if the massive ship had been rapidly refloated. The 247,000-ton, 1310-foot ship ran aground last Tuesday morning after it lost its steering. A dust storm and high winds contributed to the container ship’s loss of control, according to…

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