Author: G. Turner

Gloria has several articles published on industry trends based on an array of different subjects but specializes within the insurance industry. She has accomplished her top goals of becoming an accredited news journalist that addresses top issues in a way that entertains as well as educates.

Green Vault discovers it is uninsured after $1 Billion museum theft

G. Turner
museum theft - jewels, vintage jewelry, silver, gold

The priceless, irreplaceable jewels stolen from the German museum were not covered by insurance. The day following a priceless jewelry and artifact museum theft in Germany, an unfortunate discovery was made. The items estimated to be worth over $1 billion are not covered by an insurance policy. This has added to the pressure on police to identify and locate the culprits in order to return the items. Last week’s museum theft made international headlines. The missing items include a pearl necklace, a diamond-encrusted dagger as well as dozens of other…

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Michigan auto insurance reform cuts injured driver fee by 55 percent

G. Turner
Michigan auto insurance reform - car accident

The MCCA intends to reduce its assessment for certain drivers with no-fault reform law implementation. New Michigan auto insurance reform will reduce injured driver fee as of July of next year with the implementation of new law. The Michigan Catastrophic Claims Association will be cutting down assessments for some motorists. The Michigan Catastrophic Claims Association (M.C.C.A.) intends to cut back its assessment for motorists who keep up unlimited medical coverage for injuries in car crashes. This reduction will take the assessment down from $220 to $100 per vehicle and it…

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Allstate insurance analytics prepare for anticipated transportation industry changes

G. Turner
Insurance analytics - Cars in Rush Hour

The insurer has gone all-in to work the data ahead of widespread expected automotive changes. Allstate has gone for it with the development of an insurance analytics company. The goal is to use it to be prepared for a massive overhaul of the transportation that it anticipates in the not-too-distant future. Roadways have become very dangerous as they are increasingly used and congested at all times. A recent Forbes report focused on an interview with Gary Hallgren, the president of Arity, a company Allstate created in 2016 in order to…

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State of California takes over control of former Berkshire insurance unit

G. Turner
Berkshire Insurance Unit - Warren Buffett of Berkshire Hathaway

The Department of Insurance said that it never gave its approval to the sale of the company. The California Department of Insurance have seized a former Berkshire insurance unit. The regulators claim that the sale of California Insurance Co. was in violation of state regulations. This is the latest step in the ongoing controversy regarding the sale of the unit. Earlier this week, the California Department of Insurance said that it had not given its approval to the sale of the Berkshire insurance unit with Applied Underwriters, a workers’ compensation…

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Allstate Q3 2019 earnings and revenue beat out predictions

G. Turner
Allstate Q3 2019 - revenue, profit

The insurance giant has announced its figures for the quarter and they are notably higher than estimates. The Allstate Q3 2019 numbers are in and the figures are far more favorable than had been widely anticipated for the insurer. The earnings and revenues were significantly better than predicted. Analysts had been predicting favorable third quarter results, but the insurer managed to do better. According to the insurer’s reports, the Allstate Q3 2019 earnings were $2.84 per share. This topped virtually all estimates, including the Zacks Consensus Estimate, which had been…

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