Louisiana consumers who filed home insurance claims have differing satisfaction levels

Home insurance claims - Claim Form
Auto insurance data spat could lead...
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While some residents who filed with insurers in the last two years are satisfied, many are not. New research shows that Louisiana residents who filed home insurance claims within the last two years are split regarding their satisfaction with their experience. The research showed that there is a nearly even split between those who were satisfied and those who weren’t. The research was conducted by the Public Policy Research Lab at the LSU Manship School of Mass Communication’s Reilly Center for Media & Public Affairs. What they found was that…

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Berkshire Hathaway acquires Alleghany insurance company breaking investment fast

Insurance Company Acquisitions - Berkshire acquires Alleghany

The purchase agreement was struck shortly after Warren Buffett discussed the lack of investing opportunities. Berkshire Hathaway Inc. has arrived at a purchase agreement for the Alleghany Corp insurance company, only a handful of weeks after Warren Buffett had said that there weren’t any good investment opportunities. The purchase includes Alleghany insurer as well as the Transatlantic Holdings reinsurer. This acquisition of the reinsurance and insurance company will broaden Berkshire Hathaway’s portfolio in this category, which already includes the Geico auto insurer and the General Re reinsurer, in addition to…

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Lloyd’s reinsurance and insurance market supports sanctions against Russia

Insurance market - Lloyds of London Building

The massive London-based marketplace has stated that it official backs sanctioning the country. Lloyd’s reinsurance and insurance market has announced that it is placing its backing behind the sanctions that have been applied to Russia in response to that country’s invasion of Ukraine. Western nations have announced a growing spectrum of sanctions aimed at the Russian economy. Countries from around the globe have been applying the sanctions to separate the Russian economy from an in-flow of money and to separate the country from the rest of the world. The largest…

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State Farm teams up with Ford for usage-based insurance

Usage based insurance - Partnership

The Drive Safe & Save Connected Car program will use telematics tech to adjust premiums. State Farm and Ford have announced that they have jointly launched a usage based insurance (UBI) program for drivers called the Drive Safe & Save Connected Car. The UBI program is available to drivers of connected Ford or Lincoln vehicles. State Farm customers driving the eligible connected Ford vehicles can choose to opt in for usage based insurance. The UBI program uses telematics to adjust premiums to reflect that vehicle’s mileage and its drivers’ unique…

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GEICO Executive Chair Tony Nicely retiring at the end of 2021

Geico Executive - Retirement

The announcement was made that he would be stepping down at the end of the year after a 60-year career. GEICO Executive Chair Tony Nicely has announced his retirement and that he will be stepping down from his position at the end of the year following his 60-year career in the industry. Before taking his current position with the insurance company, Nicely had been chair and CEO for 25 years. Under Nicely as CEO, chair and GEICO executive chair, the insurance company experienced its most powerful growth period, becoming one…

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4 Important Insurance Plans and Their Benefits for You

insurance plans basics

Some insurance plans remain essential in life no matter how expensive they can get. For this reason, it’s best to understand the situation of your living condition and your needs in cases of emergency to reasonably choose plans for insuring yourself and your loved ones. However, there is something called too much insurance, which can put a strain on your savings or income and may hurt you more than protect you. Different types of insurances have various benefits; for example, they can increase your credit score and insurance portfolio, other…

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Traveling After COVID-19: Here Are Some Top Precautions You Should Take

travel tips after pandemic

Do you want to travel after the COVID-19 Pandemic? If yes, then you need to take care of some of the safety precautions that can keep you and your family members safe and sound in this time of the global pandemic. Remember that the Delta stain COVID-19 is knocking at the door, and you have to take safety precautions to overcome these problems quickly. You need to take care of several safety tips while you want to travel during this COVID-19 global pandemic from your house. You need to develop…

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