Tesla auto insurance rolls out in Texas

Tesla auto insurance - Texas

The electric vehicle company has announced that its customers can now purchase coverage from them. Tesla auto insurance products are now available for the company’s electric vehicle customers in Texas. CEO Elon Musk recently announced that the company will be moving from California to Texas. The new Tesla auto insurance product is being added exclusively to Texas, though the company plans to expand into other states as well. The policy uses “real-time driving behavior” to help better understand a driver’s real risk level and therefore more accurate insurance rates. This…

Read More

Allstate remote working culture places for sale sign on insurance company headquarters

Insurance company - For Sale sign

The insurer announced that it will be selling the building housing its HQ in Northbrook, Illinois. Allstate Corporation has announced that it will be selling its headquarters located in suburban Chicago, Northbrook, Illinois, as the insurance company shifts toward a longer-term work-from home strategy. Allstate found that its office needs have changed since its employees have started working from home. The COVID-19 pandemic forced the insurance company – like much of the businesses across the country – to set up as many of its employees as possible home to work.…

Read More

Allstate Corporation ALNY life insurance and annuity business sales close

Life insurance - Deal - money

The insurer has announced the receipt of all necessary regulatory approval for the sale closures. The Allstate Corporation (NYSE stock symbol ALL) has announced that it has closed the sale of its Allstate Life Insurance Company of New York (ALNY) to Wilton Re. The sale of ALNY was announced as having closed for about $400 million. The insurer announced the closure of the sale of the life insurance and annuity business when it obtained all the regulatory approvals it needed to move forward. “Closing on the sale of ALNY is…

Read More

Transgender health insurance policies often exclude some therapies and operations

Transgender health insurance - hand with transgender flag

The plans in one fifth of US states exclude coverage for many types of gender procedures. Transgender health insurance coverage is proving to be a difficult road for many Americans who need gender affirming/confirming surgeries. The challenge is that many insurers and politicians view these procedures and therapies as cosmetic. That opinion is in contrast with major medical organizations which refer to gender affirming surgeries as medically necessary. As a result, transgender health insurance often fails to cover procedures and therapies for this purpose. Among the common treatments for gender…

Read More

Mercury General Corporation names Victor Joseph Executive Vice President and COO

Mercury General Corporation - Job Promotion

The company has called this a positive step forward “for a strong and vibrant future”. Mercury General Corporation (NYSE stock symbol MCY) recently announced that it has named Victor Joseph as its Executive Vice President and Chief Operating Officer (EVP & COO). The position was newly created, and Joseph will become the first to hold the title. Joseph will take this new position at Mercury General Corporation as of the start of next year. He was chosen to start with this newly created title on January 1, 2022, as an…

Read More

One in 6 employees stay at their jobs for the health plan

Health plan - Helath Insurance Plan

A West Health and Gallup study showed that people are sticking with employers that cover them. West Health and Gallup recently released the results of a study in which they found that 16 percent of workers are staying at their jobs in order to keep their health plan. The fear of losing their insurance benefits is locking people into positions they’d like to leave. “Approximately 158 million people, or more than half of the U.S. adult population, receive health insurance via their own employer or the employer of a household…

Read More

Allstate and USAA to provide insurance coverage for additional Ida expenses in Louisiana

Insurance coverage - Hurricane Evacuation Route

The two large insurers have responded to a call made by President Joe Biden for living costs. Allstate and USAA have responded to President Joe Biden’s call to insurers to provide additional insurance coverage in Louisiana for policyholders in the state affected by Hurricane Ida. The additional assistance is meant to help customers evacuated from their homes without specific orders. The insurance coverage is being extended to Louisiana residents who were evacuated from their homes ahead of the storm without being under specific mandatory evacuation orders. President Biden called for…

Read More