Insurance company drones are a common part of the claims experience

insurance company drones aerial

These small pieces of equipment make it faster and safer for adjusters to create their estimates. To an increasing degree, adjusters are using insurance company drones to help them to assess the damage in routine claims processes. These gadgets let adjusters check out rooftops, and other difficult to reach areas without having to risk climbing up on a ladder or checking into parts of properties that have sustained damage from weather or other unexpected events. While this was once a rare practice, using drones for insurance claims assessments is becoming…

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Auto insurance rates getting more expensive, says J.D. Power

auto insurance rates companies customer satisfaction

The firm’s 2017 U.S. Auto Insurance Study revealed that more than 1 in 4 drivers is paying more. J.D. Power released its 2017 U.S. Auto Insurance Study showing that auto insurance rates are headed skyward for a quarter of Americans this year. This came with the not-too-surprising news that drivers are less satisfied with their car insurance companies than they were previously. The car insurance rates are having a direct impact on how satisfied Americans are with their insurers. The J.D. Power study this year found that 26 percent of…

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Best insurance workplace in Indianapolis title goes to GEICO

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A survey sponsored by The Indianapolis Star revealed that the insurer took the top spot for the third year in a row. GEICO has been recognized as the best insurance workplace in Indianapolis for the third year in a row, according to a news release. The title was given to the insurance company based on the results of an employee survey. The Indianapolis Star sponsored a survey issued to company employees throughout the city. The questions focused on a range of different workplace culture issues and how much employees felt…

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Insurance company Brexit takes Liberty Specialty Markets out of London

Insurance company brexit strategy

The specialty insurer announced the city that will become its new home after the U.K. splits from the E.U. The insurance company Brexit strategy announcements have begun, and among the latest is the new Liberty Specialty Markets headquarters. The specialty insurance company has been seeking a new home following the British exit from the European Union and recently made its decision. The company announced that it will be remaining in London for now but will leave as Brexit occurs. The insurance company Brexit move has launched an effort to move…

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Aetna insurance moving headquarters out of Hartford after 164 years there

New York City Aetna Insurance

The coverage giant has been in Connecticut for over a century and a half and is now moving to New York City. After 164 years in Connecticut, Aetna Insurance is now moving its headquarters out of Connecticut and into New York City. The company had announced its intentions to relocate to NYC earlier this year and has faced intense lobbying from Connecticut officials against its decision. This comes as a hard hit to Hartford, which has already been struggling with considerable financial issues. On the side of Aetna Insurance, it…

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Life insurance companies in Illinois owe $7.5 billion to unknowing beneficiaries

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Many insurers are keeping the money owed to beneficiaries who have no idea they’re entitled to a payout. Life insurance companies across the country are struggling with the issue of tracking down beneficiaries owed death benefits. While some states have very strict and specific laws about insurer practices in these situations, others make it possible for insurers to admittedly keep the owed money. In Illinois, this problem has risen to several billions of dollars owed to beneficiaries but kept by insurers. The practice has meant that life insurance companies aren’t…

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Lemonade insurance company heads into California with new license

lemonade insurance company

The tech-based insurer launched in New York and sells renters and homeowners insurance policies. The new Lemonade insurance company that made a splash in New York when it launched in the second half of 2016 is now stepping into California. This new tech-based insurance startup promises consumers an application process as short as 90 seconds. Moreover, the Lemonade insurance claims payment process can be as quick as 3 minutes, according to the company. The insurer received the necessary approval from the California Department of Insurance for the sale of homeowners…

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