More Americans are shopping for auto insurance than ever before, JD Power

Nordstrom
Auto insurance - Shopping for insurance on computer

An increase in car ownership and rising premiums are among the reasons people are shopping around. The number of households in the US with cars but that don’t have auto insurance increased during the first half of this year, and the percentage of drivers who say they’re shopping for coverage has hit record levels. JD Power released data based on their findings in a recent report based on American households. JD Power recently published an auto insurance intelligence report in which they revealed the trends they identified in this market.…

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Exploring Trailer Insurance Options: Protecting Your Hauling Investment

Guest Author
trailer insurance and the coverages

When it comes to trailers, whether you use them for work or play, having the right insurance coverage is essential. Trailer insurance provides protection for your investment against a range of potential risks, from accidents on the road to theft and vandalism. In this article, we will explore various insurance options available for trailers to help you make an informed decision about safeguarding your valuable hauling equipment. Trailer Liability Insurance Trailer liability insurance is a fundamental type of coverage that provides financial protection in case your trailer causes injury to…

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Self-insurance is becoming increasingly popular in Florida

Logan B.
Self-insurance - Home - Family

A new survey has shown that rising premiums are driving Floridians to look to alternative options. The Insurance Information Institute (III) has released the results of a recent survey showing that a growing number of homeowners in Florida are choosing self-insurance for their homes. This is a worrying trend, as there is a substantial amount of risk associated with this type of coverage. “It is very risky for homeowners to self-insure,” said Florida’s Insurance Consumer Advocate Tasha Carter when discussing the topic of the growing self-insurance trend in the state.…

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California legislators fail to repair home insurance market before end of session

Nordstrom
Home insurance - Failure and frustration

Though several deals arrived at the last moment, none of them included the sought-after proposal. Even as a slew of deals appeared at the last moment ahead of the close of California’s legislative session, none were the home insurance market fix many were waiting for to help keep insurers in the state despite the rapidly climbing wildfire risks. The key deadline came and went without a bill that would help to stave off a crisis in the state. As a new home insurance bill didn’t appear in the last session,…

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Long term care insurance is expensive, but more affordable than the costs it covers

G. Turner
Long term care insurance Piggy Bank Costs

Recent predictions show that over half of older Americans will need these costly services. According to the American Association for Long Term Care Insurance executive director Jesse Slome, around one in every six Americans is now older than 65 years, and the more the population ages, the shakier their financial position will be. While living longer lives is typically desirable, the cost of those years could lead to hardships. “Living a long life is something that many of us want and could get,” said Slome. “But when we live a…

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State Farm rolls out its new life insurance app for its customers

H. Cutner
Life Insurance Person using mobile phone

The Life Enhanced application was developed to help provide customers with personalized guidance. State Farm recently announced that it has rolled out a new life insurance app called Life Enhanced, which uses technology to provide customers with simple, personalized guidance and motivation. The application provides customers with a range of information, resources and tools. Life insurance customers at State Farm can use the app to set wellness goals, learn about a range of wellbeing topics, and discover ways to maintain a healthy and active lifestyle. It has become increasingly popular…

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Is your house and home insurance ready for a strong El Niño?

Marc
Home insurance - El Nino

The last time there was a similar El Niño event, the increased rainfall doubled claims at Mercury. As of this month, the National Oceanic and Atmospheric Administration (NOAA) issued a statement predicting a significant El Niño event, which has insurers bracing for increased home insurance claims. The conditions are already building, and strength is only expected to rise as winter gets nearer. El Niño is a type of abnormally warm Pacific Ocean temperature near the equator. When this happens, though the change in temperature may seem slight, the impact on…

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