Allstate survey shows motorists shut off nuisance driver assistance technology

Driver assistance technology - Car with GPS tech

As vacation season begins in Canada, the insurer is encouraging motorists to use the tech properly. Vacation season is heading into full swing in Canada, where a recent Allstate survey has found that motorists are annoyed by driver assistance technology and have been shutting it off. The insurance company is hoping to emphasize the importance and benefit of using the tech as recommended. To an increasing degree, vehicles are being equipped with driver assistance technology as a standard feature. These include vehicle proximity alerts, rear-view cameras and others. Some of…

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Strategic Wealth Management is an Insurance Policy for Old Age

Strategic Wealth Management is an Insurance Policy for Old Age

With more people living longer and healthier than ever before, it is highly recommended that you have a clear financial plan for your retirement years. Worldwide there are 901 million people over the age of 60, and most of these people will live healthy lives. The odds, and the natural cycle of life, mean that you too will join this age group at some point and thus should be prepared. It is the underlying premise of all insurance and perhaps the most pressing pre-planning that many will need to do.…

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Everything You Need to Know About Water Damage in the Home

Everything You Need to Know About Water Damage in the Home

If you are a homeowner, then the signs of water damage will likely make you very worried. Unfortunately for homeowners, water damage is not always easy to spot. Often, signs only become noticeable when the effects of water damage are already irreversible. Knowing more about common signs and categories of water damage enables you to better spot and treat potential causes. Why is Water Damage such a Big Deal? Water damage can have a number of different effects depending upon the scale and form of damage you are dealing with.…

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Governor DeSantis signs overhaul of Florida homeowners insurance law

Florida homeowners insurance - Homes in Florida

Insurers are hopeful that this could help to ease losses but say more changes are still needed. Governor Ron DeSantis recently signed a Florida homeowners insurance overhaul into law. This will change many of the regulations regarding property coverage. Starting in July, the state will launch efforts to halt contractors pushing policyholders to add repairs. The legislation is meant to help stop contractors from pressuring policyholders from approving unnecessary repairs that will then be charged to Florida homeowners insurance companies. Moreover, it will also limit the capacity of adjustors to…

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Luma Appoints Annuity Industry Leader Keith Burger as Director of National Sales

insurance news industry

Cincinnati, OH, June 15 2021 – Luma Financial Technologies (“Luma”), an independent, market leading multi-issuer structured products and annuities platform, announced today that annuity industry veteran, Keith Burger, has joined the company as National Sales Director for Annuities. Mr. Burger will lead Luma’s rapid expansion across all distribution channels as the annuity technology platform of choice. He will oversee the firm’s strategic initiatives to provide Luma’s scalable platform to financial professionals looking to increase the efficiency and effectiveness of transacting in the annuity marketplace. Firms who implement the Luma platform…

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When does a business need commercial crime insurance?

Commercial Crime Insurance - digital - security

This type of policy is designed to protect companies against losses relating to employees or third parties. Commercial crime insurance policies provide businesses with protection against substantial losses resulting from employees or third parties. It covers lost money and other assets in the case of forgery, fraud, theft, burglary and other risks. First-party commercial crime insurance protects a business against its own losses, resulting from a criminal activity of some kind. Third-party coverage, on the other hand, protects the business in case another business or entity claims to have suffered…

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Mercury homeowners insurance encourages Californians to prepare for fires

Mercury homeowners insurance - house on fire

The 2021 wildfire season is already outpacing that of 2020, which broke historic records. California is suffering a severe drought this year, and Mercury homeowners insurance customers are being urged to take action to ensure their properties and their families are prepared for a rough wildfire season. The California Department of Forestry and Fire Protection shows that wildfires are worse than last year. According to recent California Department of Forestry and Fire Protection (CAL FIRE) data, the drought is contributing to wildfire numbers and acres burned to the point that…

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