Author: H. Cutner

Petline and NFP collaborate on new US pet insurance

H. Cutner
Pet insurance - Person with dog looking at computer
News Bulletin: US asks insurers to ...
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The companies have come together to offer a new line of coverage products for animal owners to buy. The Petline pet insurance company has teamed up with leading property and casualty broker NFP to offer a new line of products to cover cats and dogs and give US animal owners peace of mind. The insurer has been active in the market since 1989 and describes itself as a leader in that category. The Petline flagship pet insurance brand, Petsecure, offers owners a spectrum of different solutions to fit the individual…

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Spott launches new pay-as-you-sell ecommerce insurance model

H. Cutner
Ecommerce insurance - Online shopping

The insurer has rolled out a novel premium calculating for online businesses to pay based on what they sell. Ecommerce insurance company Spott has announced the launch of a new Pay-As-You-Sell liability insurance model. The coverage lets digital businesses pay premiums based specifically on how much they sell. The design of this ecommerce insurance is such that an online company will pay liability coverage premiums based on how much they sell and will never have to pay higher than their original premium amount. As a result of this pricing model…

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California health insurance is available to many for only $10 per month

H. Cutner
California health insurance - 10 dollars

One million uninsured state residents are eligible for the lowest-cost plans from the marketplace. The open enrollment period for 2023 has now begun and California health insurance is available to millions of state residents for as little as $10 per month. Some individuals and families shopping on the state’s marketplace can find coverage at no cost. Among the 1.7 million state residents who can shop on the Covered California marketplace, two out of every three are eligible for plans that are as cheap as $10 per month. Moreover, many of…

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Health insurance rates will be higher for Colorado residents next year

H. Cutner
Health insurance rates - medical insurance plan

State residents buying their coverage through the state exchange will see higher prices for 2023. Residents of Colorado are seeing higher health insurance rates for 2023 when they shop for their coverage on the state exchange instead of receiving their plans through their employers. The average increase is 10.4 percent across all plans, while employers are also seeing increases. Health insurance rates are rising by 7.4 percent for small employers who have up to 100 workers. The state took longer than usual to announce their final figures for 2023 but…

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Insurance costs associated with war in Ukraine higher than Iraq war

H. Cutner
Insurance costs - War in Ukraine

Industry sources are saying that coverage is now more expensive and more challenging to organize. Insurance costs associated with journalists, humanitarian workers, engineers and other people traveling to Ukraine are now more expensive and tougher to organize than was the case during the Iraq war. A growing number of insurers have started working their way into providing coverage for this destination. Though insurers had initially been hesitant to provide coverage immediately after Russia invaded Ukraine in February, several have started easing back, according to industry sources. That said, insurance costs…

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State Farm sees a drop in auto insurance claims for animal collisions

H. Cutner
Auto insurance - Deer by side of road

Compared to last year, there has been a 5.5 percent decrease in accidents with wildlife. State Farm has released its statistics this year for auto insurance claims made as a result of animal collisions, and the news is good as the instances have decreased by a substantial 5.5 percent. It should still be noted that November is considered to be the most dangerous month. From July 2021 through June 2022, there were an estimated 1.9 million collisions with animals on roads across the United States. Still, that is a decrease…

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Digital flood insurance marketplace launches between Flow and INSTANDA

H. Cutner
Flood insurance marketplace - Digital Insurance

The new digital platform provides agents with a chance to compare quotes and NFIP rates. Flow Insurance has announced the launch of their new flood insurance marketplace, which it has created with the help of the INSTANDA complete digital platform. Consumers can now use the service to obtain quotes from several insurers along with NFIP. The flood insurance marketplace was developed and launched in five months as a joint effort between Flow and INSTANDA. The result is a digital platform that allows agents to obtain quotes from as many as…

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