5 Ways Young Drivers Can Lower Car Insurance

5 Ways Young Drivers Can Lower Car Insurance

It’s exciting to finally get that driver’s license and have the freedom to get in the car and go. But one thing that stops a lot of new drivers in their tracks is the high cost of car insurance. Parents and young drivers may get quite a shock when they see the next insurance bill. Going without insurance as a young driver just isn’t an option — it could result in fines, a suspended license, or even a terrible, costly accident. Young drivers shouldn’t despair, though. There are a few…

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Allstate Q1 revenue driven skyward by National General acquisition

Allstate Q1 Revenue - Revenue increase

The insurer’s revenues rose 26 percent during the quarter, though saw an overall $1.4 billion loss. In an Allstate Q1 revenue statement, the insurer reported that it saw a substantial 26 percent rise from its National General acquisition and premium gains. This at the same time that the insurer dropped its life and annuity businesses leading to losses. The insurance company experienced an overall $1.4 billion net loss as the Allstate Q1 revenue simultaneously took off. Comparatively, in the same quarter of 2020, it saw an overall $513 million net…

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State Farm works with American Red Cross on home fire safety

Home fire safety - smoke detector

The two companies have partnered up to educate employees, neighbors, friends and family. A new home fire safety partnership between State Farm and American Red Cross has formed to help employees and friends alike to be better informed and prepared. The education program is meant to help agents, employees, neighbors, and friends. This home fire safety prevention and action education is meant to save lives and property. The American Red Cross responds to an annual average of 60,000 disasters. Most of those events are related to home fires. Last year,…

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Towards the renewal of the tourism industry – the changes that have taken place in the travel insurance post COVID-19

Towards the renewal of the tourism industry - the changes that have taken place in the travel insurance post COVID-19

The sky is slowly opening up, with more and more countries agreeing to accept vaccinated tourists and among the things that have changed their face since the COVID-19 came into our lives, is the field of travel insurance. Just as there is the world before September 11, 2001 and after September 11, so now there is the world before the corona and the world after the corona. If flying a year and a half ago required of us a, b and c, then today in order to fly it requires a, b,…

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Auto insurance comparison habits ignored brands during pandemic: study

Auto insurance comparison - Money - Car

A J.D. Power study showed that consumers weren’t interested in specific brands. Though auto insurance comparison shopping was a common activity during the COVID-19 pandemic, consumers were typically uninterested in specific brands, said the results of the J.D. Power 2021 U.S. Insurance Shopping Study. Over half of consumers didn’t do any price comparing at all throughout the majority of the pandemic. The survey revealed that 54 percent of consumers didn’t try auto insurance comparison shopping for the purpose of improving their premiums during the pandemic. Of the 46 percent who…

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Allianz highlights importance of managing complex hydrogen fuel storage risks

Hydrogen fuel storage - Allianz building

The insurance giant sees the importance H2 will play in decarbonization but also recommends risk management. Hydrogen fuel storage, production and transportation have made their way into spotlights worldwide as governments fund massive programs for greener fuels and energy sources. While Allianz understands that alternatives to fossil fuels such as coal and oil are necessary, it has also issued a reminder of the importance of recognizing and managing potential risks surrounding those processes. Allianz specifically points to fire and explosion risks, but also business interruption. According to the insurance company production,…

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Chubb insurance company withdraws takeover pursuit of The Hartford

Insurance company - Hartford Connecticut Skyline

The insurer has announced that it will no longer seek to acquire the financial services group. Insurance company giant Chubb Ltd. recently announced that it has dropped its pursuit of acquiring The Hartford Financial Services Group. This decision has concluded two turbulent months of offers and rejections between the firms. Over the last couple of months, the Chubb insurance company made three takeover offers to The Hartford Financial Services Group, each of which was turned down. The end of the insurer’s acquisition attempts also means that the city of Hartford…

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