Safety tips for throwing New Year’s Eve parties

New Year’s Eve is one of the biggest nights for partying, whether it’s at a large public gathering, or a smaller family event. Though this can be a lot of fun, the insurance industry in the state is reminding people to make sure that they take certain precautions to protect themselves against the risks that can come along with this type of celebration. Use the following tips to make sure that you’ll minimize your chances of having to make a claim on your homeowners’ insurance next year: • Carefully place…

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Are you covered by homeowners insurance for mishaps when entertaining at Thanksgiving?

Thanksgiving and the entire holiday season means that there will be many visits from friends and family, and you can be prepared against certain problems that could occur by making sure that you understand your homeowners’ insurance policy and what it covers. According to the Centers for Disease Control and Prevention, in the United States there are 128,000 hospitalizations and approximately 3,000 deaths due to food-borne illnesses every year. Most of these are the result of contamination that occurs during the handling and preparation of meals. This should be a…

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Chubb launches interactive Risk Conversation social resource

The Chubb Group of Insurance Companies has announced the launch of its Risk Conversation resource, which provides consumers with an interactive community that addresses struggles to risk management for individuals and businesses. The Risk Conversation resource is available at riskconversation.com, and provides information for prevention, risk assessment tools, and blogs that can help its users to pinpoint, understand, and manage a number of different risks to which they can be exposed in their professional and personal lives. Chubb’s public relations manager, Mark Schussel, said that risk is something that affects everyone…

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Hogan’s malpractice suit gets thrown out

Wells Fargo Insurance Services Inc. in Florida has been sued for business malpractice by celebrity Hulk Hogan. Mr. Hogan (real name Terry Bollea) sued Wells Fargo for failing to protect his assets properly, by providing him with an umbrella policy. Mr. Hogan was sued over an auto accident his son had in 2007, which left a passenger in his car with permanent brain damage. Even though both vehicles involved in the accident were his own; his vehicles’ insurance maximum payment was 250 thousand, per vehicle. With inadequate coverage, he was…

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Animal liability takes a bite out of the insurance industry

Almost one thousand Americans are treated in emergency rooms every day as a result of dog bites. Estimates show that in 2009 insurance companies paid out a total of 412 million dollars in claims for dog bites. In a survey recently conducted by State Farm, they reveal the states with the highest amount of claims for dog bites. Topping the list was California. According to the State Farm survey, California rated the highest in dog bite claims filed. Last year, California had 369 claims filed on insurance because of dog…

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Animal liability coverage going away on some homeowner’s policies

If you’re thinking about buying a home, or changing insurance providers, make sure you read the fine print. There are several insurance companies that are excluding coverage for your canine companions. They will no longer cover property damage caused by your dog, and they won’t pay for any medical costs should someone get bit.  Insurers and underwriters are watching the numbers, and the numbers are telling them they are paying out well over 400 million dollars a year on dog bite incidents. Hospital emergency rooms see over 365 thousand people…

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