National General to be acquired by Allstate for $4 billion

Logan B.
National General - Business Deal

The insurance giant is making the purchase to expand its auto reach and independent agent business. Insurance giant Allstate Corp announced this week that it will purchase National General Holdings Corp for about $4 billion. This will be a cash purchase, boosting the insurer’s auto insurance business just as the pandemic crisis has made that sector highly profitable. Auto insurance claims are way down due to the smaller amount of traffic on the roads. National General shareholders will be compensated with $32 per share in cash. They will also receive…

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What to consider when applying for a loan

Guest Author
applying for a loan

Whether you are looking for money to set up your own business, or you just need a bit of extra cash to pay for an emergency boiler repair, there comes a point in most people’s lives when you need some outside financing. There are a variety of loans available for you to consider suitable for a variety of situations. To help you, here is what you should consider when applying for a loan. What do you need the loan for? Are you planning on getting a loan to help you…

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Will Homeowner’s Insurance Cover Hail Damage?

Guest Author
Insurance Cover Hail Damage

Since you’re living in “hail alley” in Denver, damage to your property due to this meteorological phenomenon kind of just comes with the territory. That being said, it doesn’t make the damage any less frustrating when you have to deal with it. Repairing places around your home, like your roof, can be a financial burden if you’re not appropriately prepared to handle the responsibility. There is a real need for hail preparedness, considering that parts of Colorado receive the “highest frequency of large hail in North America and most of the world.”…

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Unemployment insurance fraud spikes as identity theft rises in pandemic crisis

Nordstrom
Unemployment insurance fraud - woman's face - binary code

North Dakota is a clear example of this troubling trend throughout the first half of 2020. Identity theft has become much more prevalent during the pandemic crisis, leading to a tremendous surge in unemployment insurance fraud filings. Claims of identity theft have taken off during the first six months of 2020. The Consumer Protection Division of the North Dakota Attorney General’s Office has processed more claims relating to identity theft in the first half of this year than in any other complete year on record, said attorney Parrell Grossman, speaking…

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State Farm Life Insurance must pay $34M class-action plaintiffs, federal appeals court

H. Cutner
State Farm Life Insurance - Law - Justice

The 8th US Court of Appeals has upheld the ruling that policyholders in Missouri must be repaid. State Farm Life Insurance must repay Missouri policyholders more than $34 million for having charged them undisclosed fees, ruled the 8th US Court of Appeals. The class action lawsuit was filed on behalf of 25,000 policyholders back in 2016. The plaintiffs in the class action lawsuit were people who had purchased policies from State Farm Life Insurance between 1994 and 2004. The lawsuit alleged that the insurer’s policy premiums were said to be…

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5 Reasons Why An RV Surge Protector Is Worth Every Penny

Live Insurance News
best RV surge protectors.

Whether you are recently retired, want a change of pace, or just like to travel, living in an RV is the right choice for many Americans. Living in an RV permanently or just for a little while, it only makes sense to make sure that it is as safe as possible. But too often than not people skip some vital equipment that ensures their RV is safe and protected all the time. One of those pieces of equipment you should never skip is a surge protector. What is a Surge…

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Lemonade IPO takes off by 132 percent in first day of trading

G. Turner
Lemonade IPO - Stocks

The tech-driven insurance company’s initial public offering proved to be a great success. Investors proved highly enthusiastic over the Lemonade IPO that took place on Thursday, sending the company’s share up by more than 130 percent on its debut trading day. The newly public firm is a tech-driven insurance company focused on digitizing the customer experience. The Lemonade IPO placed the spotlight on this insurer that has provided consumers with a fully digitized experience for purchasing and managing various forms of coverage. The company has Softbank’s backing and had originally…

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