Homeowners insurance self-service apps are changing the game

Nordstrom
Homeowners insurance - Home - digital - app

Consumers enjoy the shopping experience and the chance to reduce costs, but not all features are replaced. Self-serve homeowners insurance apps can help consumers and insurers alike to cut costs, and can create a shopping experience people enjoy, but while they are shaking up the industry, they haven’t yet reached the point that they can do everything. The manual claims process continues to exist even as applications increase available features. According to a recent LexisNexis Risk Solutions study, 93 percent – the vast majority – of homeowners insurance companies feel…

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Early data shows ending unemployment insurance didn’t boost employment

Logan B.
Unemployment insurance form

Many states seeking to fill vacant jobs with this strategy have not seen the results they sought. Early US Census Bureau data shows that the push made by several states to end unemployment insurance in order to fill vacant jobs has not panned out as they wanted. The elimination of the additional pandemic financial support didn’t increase employment numbers. University of Massachusetts Amherst economics professor Arindrajit Dube used Household Pulse Survey data recently collected by the US Census Bureau to determine that bringing the pandemic-related unemployment insurance to an end…

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When do businesses need workers compensation insurance?

G. Turner
Workers compensation insurance - Work injury claim form

In many cases, this coverage is state mandated, so companies need to know when it applies to them. Workers compensation insurance is a type of policy that covers claims related to injuries employees sustain while on the job, including lost wages, medical expenses, rehabilitation, death benefits and more. As such, this type of coverage is typically meant for any company that has employees. It can be quickly and easily obtained from a reputable company such as Embroker. These types of claims are exceptionally common, and coverage is often required by…

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Insurance industry recovery will be faster and more powerful than 2008, says Swiss Re

H. Cutner
Insurance industry recovery - economist research - predictions

Insurers worldwide will see improvements in a far stronger way than after the last financial crisis. According to new projections from insurer Swiss Re AG’s chief Americas economist, the worldwide insurance industry recovery will happen faster and stronger than was the case following the 2008 financial crisis. This, despite the barriers currently faced such as inflation risk and low interest rates. Unlike following the financial crisis, this insurance industry recovery doesn’t include harm to the overall capitalization of insurers, or to their financial strength overall. This will make it possible…

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Personal Injury, Statutes of Limitations and Compensation

Guest Author
Personal Injury, Statutes of Limitations and Compensation

When another person’s carelessness or recklessness results in you becoming the victim of an injury, you quickly understand that the ramifications can extend far beyond the physical harm caused.  Depending on the severity of the injury you have sustained, life as you once knew it can be turned upside down. As a result of treating your injuries, medical bills can pile up and overwhelm you – despite insurance – particularly if you have been unable to continue working or earning any income. When you take into account the mental toll…

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Sandy Hook families offered millions to settle by insurance companies

Marc
Insurance companies - lawsuit money

Remington Arms’ insurer is seeking an out of court settlement from nine of the affected families. Two insurance companies for the Remington Arms firearm company currently undergoing bankruptcy have offered nine families affected by the Sandy Hook Elementary School shootings millions of dollars to settle their lawsuit. The families have reached a critical time in the suit in which they will need to make important decisions. “The plaintiffs, the Sandy Hook families, have to make a decision now and that is whether to accept the offer and drop the case…

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Five Natural Disasters You Need to Be Insured Against

Guest Author
Five Natural Disasters You Need to Be Insured Against

In the past few years, natural disasters have gone from being freak occurrences to a regular part of life. One of the classic examples in recent years is the wildfires that tear through California every year now with scary regularity. As climate change worsens, it is important that your business is fully insured against natural disasters, no matter whether you live in a disaster zone or not. In order to help you get insured as best as possible, then it is necessary to read this guide about disasters to be…

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