The insurer also committed to an investment portfolio that is greenhouse gas emission-free. The Allstate Corporation, one of the largest insurance companies in the United States, has announced its new commitment to achieve a string of zero emission targets. The insurer plans zero greenhouse gas emissions from direct, indirect and value-chain sources by 2030. As a closer target, the insurance company has also committed to set a target year for having a net zero portfolio by 2025. The goal is to contribute to the overall effort being made to manage…
Read MoreAuthor: Logan B.
Commissioner Lara reminds state to review California insurance coverage
The recommendation is to know exactly what is covered from floods and mudslides caused by wildfires. Insurance Commissioner Ricardo Lara has issued a formal notice to insurers to inform them that it is their legal duty to provide California insurance coverage for any future disaster such as mudslides caused by the recent wildfires. Those wildfires have left hillsides weakened, increasing risks such as mudslides and flooding. Residents in wildfire burn areas who are at an even higher vulnerability are being advised to check their California insurance coverage to be familiar…
Read More93 Percent of employees content with their health insurance plans
The vast majority of workers are happy with the employer sponsored coverage they’re receiving. Most Americans are content with the employer-sponsor health insurance coverage they have and identified it as the most important benefit that they can receive from an employer, according to a Seven Letter Insight poll conducted on behalf of the Protecting Americans’ Coverage Together (PACT) campaign. The survey included the participation of 2,334 respondents covered by employer-sponsored plans. The health insurance poll took place between November 14 and November 19, 2022. The coverage was identified as the…
Read MoreSome consumers are adding pet insurance to winter preparations
US animal owners are increasingly purchasing health coverage for their cats and dogs this season. Though pet insurance can provide financial protection to dog and cat owners at any time of year in case of an illness or injury, this year, purchasing coverage has become a bit of a winter prep trend. This time of year is among the most hazardous to cats and dogs due to weather and celebrations. For years, pet insurance companies have issued animal safety recommendations to cat and dog owners in the hopes of helping…
Read MoreFlorida Senate gives the nod to homeowners insurance overhaul
The changes will involve new lawsuit limits, among others to ease the burden to property owners. This week, the Florida Senate gave its approval to overhauling homeowners insurance in the state, targeting the areas causing property owners – and therefore insurers – the largest amount of pain. The industry in the state will be undergoing a number of critical changes to help lift it out of crisis. Among the changes to the homeowners insurance industry that received approval include a new limit on lawsuits. There are also changes designed to…
Read MoreThe price of health insurance is rising…but not as fast as goods and services
Despite its growth rate of 20 percent, it is being outpaced by national average goods and services prices. Though higher health insurance prices hardly came as a surprise this year, given the rising price of essentially everything these days, what wasn’t quite expected was that the cost of a plan didn’t rise as fast as the average price of goods and services across the United States. What has yet to be seen is what the impact of rising goods and services prices will eventually have. Since health insurance doesn’t exist…
Read MoreSome times are better than others to buy pet insurance
The coverage offers a financial safety net for families with furry members, but there’s a learning curve. Millions of animal owners provide their furry family members with medical coverage by buying pet insurance, but knowing precisely when to make a purchase will determine just how much is paid for the coverage throughout the life of the animal. In the case of an unexpected need for veterinary care, this coverage can make a big difference. That said, it’s not uncommon for people to say that they would prefer to simply tuck…
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