This new partnership will double the current user base of the online marketplace’s in-car device user base. In September, Nationwide Insurance announced its intentions to give Amazon Auto Echo devices to one million customers. These devices were to be issued to new and existing qualifying car insurance policyholders. At the same time, the insurer announced three additional Nationwide Insurance Alexa Skill features. Nationwide Insurance Alexa Skill first launched back in 2016. The Echo Auto giveaway is meant to help promote this program. It also places the spotlight on the new…
Read MoreAuthor: G. Turner
Hobby farm insurance offers solutions for operations of all size
It’s important to make sure a policy provides the right amount of coverage for each component. Hobby farm insurance is a unique type of coverage because many types of growers policy are designed for much larger operations. That said, the right coverage does exist, and it’s important to make sure your policy is a solid fit. Hobby farming is far from the large industrial operation that are commonplace across the country. The type of hobby farm insurance you require depends on what you’re doing, how you’re doing it and where…
Read MoreLloyd’s of London insurance market will write online for the first time in 2020
The industry’s largest market will finally begin writing electronic business next year. Lloyd’s of London, the largest insurance market in the world, has finally announced that it will be taking its first steps into writing online. It will write its first business electronically beginning in 2020. The first online-only policy writing will begin operations as of January 1, 2020. The largest reinsurer in the world, Munich Re, will start writing policies by way of an online-only syndicate at the beginning of next year. This, according to statements issued by both…
Read MoreSmall insurance companies facing scrutiny receive IRS deal offer
The goal of the deal is to ensure tax payment plus interest in exchange for dropping the case. The I.R.S. has offered small insurance companies under tax avoidance scrutiny a way to avoid penalties through a new offer. This offer would give the insurers the opportunity to pay all outstanding back taxes – in addition to interest – in order to close their cases and face no further penalties. The Internal Revenue Service is working to help to correct the tax avoidance and prevent it in the future. The small…
Read MoreHome sharing participants need short term rental insurance coverage
Airbnb, VBRO and HomeAway members need special coverage for brief or seasonal rentals. Home sharing has become a popular way to earn extra income from a property, but all too many of those owners fail to obtain short term rental insurance. Regardless of whether a condo, seasonal property or home is rented in its entirety or just a portion, these guests are not typically covered by standard homeowners insurance. That said, this doesn’t mean that there isn’t any coverage at all for these helpful income sources. There are many home…
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