Liberty Mutual Insurance has unveiled its new Benefits Select product line in an effort to better serve mid-sized businesses and the employee benefits consultants and brokers who work with them. The Benefits Select group disability product suite is designed to be a cost-effective way for these employers to be able to offer more attractive passengers to current and potential employees so that they will experience better retention while still keeping an eye on the bottom line. According to the chief operating officer at the group benefits unit of Liberty Mutual…
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Movie insurer makes a difference to the safety of film sets
These days, when movies are made, most will take out coverage policies to make sure that they will be insured against various types of disasters that can strike the production, such as the destruction of the set or an injury to the star. Often, the risk consultants for the insurance companies will help to make decisions regarding the way that the film will be made, in order to ensure a lower chance that a claim will need to be made. In the case of “The Girl with the Dragon Tattoo”,…
Read MorePaychex Inc. announces new services for business insurance payments
Leading human resource, payroll, and employee benefit solutions provider, Paychex Inc., has unveiled its new Business Insurance Payment Service, which is now being introduced for Paychex Insurance Agency commercial auto, business owner (BOP), and umbrella products that are sold through Guard Insurance Group, The Hartford, and Travelers Insurance companies. This new service will allow policyholders to choose to have their premiums paid for by Paychex using a monthly pay-as-you-go method that will help to decrease the premium deposit that is generally made up-front. The policyholders will also be able to…
Read MoreLexington Insurance releases new college product to protect from losses from tuitions from international students
Chartis-owned company, Lexington Insurance Co., has released a new form of coverage geared toward colleges and universities, to help them to protect themselves against the tuition losses that they face from international students who are enrolled, but who withdraw as a result of a catastrophic event at home. Lexington’s senior vice president and executive from their property division, Erik Nikodem, explained that data from the Institute of International Education says that there were over 700,000 international students enrolled in universities and colleges in the United States during the academic year…
Read MoreLawmakers clash with Obama administration over the matter of crop insurance
Federal legislators representing various agriculture committees in Congress have rejected the cuts to crop insurance President Obama unveiled in his budget plan this week. The plan looks to cut $8 billion in funding for crop insurance throughout the country. Legislators claim that this would be a major blow to many farmers, especially those in areas that are prone to seeing natural disasters. The Obama administration is keen to make cuts to crop insurance because it claims that some farmers are abusing the system, as they will be paid for their…
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