Hurricane Preparedness Week encourages homeowners to check their insurance

Hurricane Preparedness Week - big waves from hurricane

The industry is reminding property owners to review their coverage and update if necessary. The insurance industry used this week, Hurricane Preparedness Week, to remind homeowners that storm season is on its way. This makes the week the perfect opportunity to go over insurance policies and make changes to prepare properties for what could potentially be an active year. The insurance industry has released lists of helpful instructions to keep customers properly covered. Hurricane Preparedness Week arrives just before the official season begins. That way, homeowners have time to look…

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SAN Annual Business Meeting Was All About the Insurance Agency of the Future

Hampton, NH, May 10, 2019 –(PR.com)– 450 insurance industry professionals attended the Satellite Agency Network (SAN) Group, Inc.’s Annual Business Meeting on Wednesday, May 1, 2019 at the DCU Center in Worcester, MA. Meeting content supported the needs of digital agencies and those that still need to transition. The one-day event featured workshops, panel discussions, a trade show, luncheon, and a keynote address from Connie Podesta, a Hall of Fame speaker, award-winning author, and human relations expert. SAN member agency owners and staff benefited from idea exchanges and networking with…

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Mercury Insurance ordered to pay $27.5 million in fines

Mercury Insurance - Lawsuit - Gaval

A California appeals court has ruled in favor of reinstating the penalties against the insurer. In California, a state appeals court has reinstated a fine of $27.5 million in penalties against Mercury Insurance Co. The ruling from earlier this week was the outcome of a case accusing the insurer of charging illegal broker fees. The auto insurance company charged illegal broker fees in 180,000 transactions with its customers. The fees were charged to customers from 1999 through 2004. The fines against Mercury Insurance were originally imposed by the California Department…

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Financial Independence Group Partners with Thrivent Independent to Launch Life Insurance & Annuity Products

Cornelius, NC, May 09, 2019 –(PR.com)– Today Financial Independence Group, LLC (FIG) and Thrivent Independent, a division of Thrivent Financial, announced a strategic partnership to connect one of the leading field or insurance marketing organizations with a mission-driven, membership-owned financial services organization to offer Thrivent’s term life insurance and multi-year guarantee annuity. Both companies are committed to helping families prepare for the future, and this is an important step continuing in that direction. Thrivent’s exceptional annuity and life insurance products provide FIG advisors with the ability to serve their clients…

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The Plexus Groupe Hires David Kenyon as Vice President, Client Executive

Deer Park, IL, May 09, 2019 –(PR.com)– The Plexus Groupe, an innovative, client-focused insurance brokerage and risk management consulting firm, recently hired David Kenyon as Vice President, Client Executive in the company’s Property & Casualty Practice, serving risk management clientele. Kenyon brings a wealth of knowledge and experience to the company, said Mike Mann, Executive Vice President of the Property & Casualty Practice at The Plexus Groupe. “David's extensive industry experience and unique skill set expands The Plexus Groupe’s scope of offerings our clients find beneficial in achieving their stated…

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Tesla insurance is “not an easy business”, warns Warren Buffett

Tesla insurance - Warren Buffet at 2015 SelectUSA Investment Summit

The Berkshire CEO has pointed to past failures of the industry to try to get into selling coverage. Warren Buffett, CEO of Berkshire Hathaway and investing guru to millions has knocked Elon Musk’s idea to launch Tesla insurance. Buffett is seen as an expert in the insurance industry as Berkshire Hathaway thrives within it. Musk recently announced that his electric vehicle company will launch its own Tesla insurance coverage, as reported by Live Insurance News at the end of April. This was, to a large extent, a response to what…

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US places of worship are buying active assailant insurance amid rise in shootings

Active Assailant Insurance - Play of religious worship

Religious centers across the country are purchasing added coverage against this terrifying trend. Places of worship such as churches, mosques, synagogues and other types of temple and religious center are buying active assailant insurance and other special forms of coverage. This move is meant to help the centers to protect themselves financially in case of an armed intruder opening fire on their premises. Many religious congregations have found themselves reassessing their current insurance policies. Following a rise in the number of shootings occurring in houses of worship, these religious centers…

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