Best Companies for Different types of Auto Insurance

Auto insurance companies

You HAVE to own auto insurance coverage. It’s the law. But, it’s not in the law books you have to pay a ton for your plan. Just because you have to have a policy doesn’t mean you have to pay a ton for your coverage. Every carrier and policyholder is different. Some carriers are better prepared for some situations than others. You need a carry which partners up with Motorcycle Coverage – Progressive Motorcycles are a whole different beast when it comes to auto insurance. They have different requirements and…

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Forrest T. Jones Launches New Insurance Plan for Accountants

Forrest T. Jones & Company Launches National Professional Liability Insurance Program Kansas City, MO – Forrest T. Jones & Company (FTJ) announced today that it has completed an agreement with Liberty International Underwriters (LIU) to serve as the Program Administrator for LIU’s national accountants’ professional liability insurance program for accounts with annual revenues up to $5 million. FTJ will market, underwrite and administer the program under its ProDefenderTM product line, issued by Liberty Insurance Underwriters Inc. The program will be offered to eligible accounts on an admitted basis in all…

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Home Depot serves as a reminder of the importance of cyber insurance

Home Depot Cyber Insurance

Retailer falls victim to a major data breach that could have compromised consumer financial information Home Depot recently announced that it had fallen victim to a data breach that may have compromised the financial information of customers visiting 2,200 of its stores located in the U.S. and Canada. The company suggests that there has not yet been any evidence that this financial information has been compromised. The attack on Home Depot again highlights the growing importance of cyber insurance. This form of insurance coverage may not be able to stop…

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The Most Comprehensive Insurance Telematics Conference & Exhibition

Telematics Update: 60+ Insurers including Progressive, Allstate, USAA and Liberty Mutual Already Confirmed to Attend Insurance Telematics USA 2013 Telematics Update has announced that with a month until the Insurance Telematics USA 2013 Conference (4-5 Sept, Chicago), 67 underwriters, pricing, marketing and product directors from leading insurance companies such as American Family, Farmers, State Farm and USAA have already signed-up to attend. Over the past 13 years, Telematics Update has built an in-depth knowledge on all things telematics, focusing on how these technologies can be utilized by the insurance space.…

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Homeowners insurance providers fleeing New York markets

New York power outage from Hurricane Sandy- Homeowners Insurance fraud Coverage

Hurricane Sandy continues to have an impact on homeowners insurance Homeowners insurance in the U.S. has been in a tumultuous state since the impact of 2012’s Hurricane Sandy. More than six months after the storm struck the East Coast, the homeowners insurance sector continues to reel from the damage that had been caused by the catastrophe. In recent months, the states affected by the storm have garnered relatively little attention, but New York officials are beginning to voice their concerns regarding the recent actions of some insurance providers. New York…

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Homeowners insurance companies are already responding to Hurricane Sandy claims

New York power outage from Hurricane Sandy- Homeowners Insurance fraud Coverage

Insurers are deciding whether or not to dispatch mobile claims units. Following the superstorm, homeowners insurance companies are already working to respond to the claims that have already started pouring in, including the decision as to whether or not mobile claims units will be justified and required. They want to process as much as possible before others return to their homes to see the damage. There are still some customers who live in regions where they are not yet able to go back to their homes in order to see…

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Liberty Mutual highlights underpricing as a serious problem

Liberty Mutual Insurance News

Insurer takes aim at the problem of underpricing in the commercial market Liberty Mutual, the third largest property and casualty insurer in the U.S., expects the price of the country’s commercial insurance lines to continue to grow, but not at an adequate pace to resolve some of the problems running rampant in the insurance industry. Liberty Mutual CEO David Long notes that underpricing has been a significant problem in commercial lines for some time. Underpricing has had a particular impact on the worker’s compensation sector. There may be a solution,…

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