Allstate spikes Illinois homeowners insurance rates for almost 200K policyholders

Illinois Homeowners Insurance Rates - neighborhood of houses

The second largest home insurer in the state is raising rates by 8 percent in early 2020. Allstate will be increasing its Illinois homeowners insurance rates by the largest amount the state has seen in several years. By early next year, policyholders will be paying an average of 8 percent more for their coverage than they are this year. The Illinois Department of Insurance announced the rate hike in a filing they issued on Halloween. Allstate is the second largest home insurance provider in the state. It has just about…

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Preparing for Halloween insurance claims with prevention and coverage

Halloween Insurance Claims - Jack-o-lantern

Home and vehicle owners should be prepared for accidental damage and mischief makers. Halloween insurance claims can be tricky for homeowners and car owners who didn’t prepare in advance. That said, there are certain things that consumers can do to make this evening more of a treat. Though most tricks are just a nuisance, things can sometimes go too far – on purpose or accidentally. When ghosts, goblins and vampires are out trick-or-treating on Halloween, they can get overly excited and what was meant to be a small prank –…

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Candy store insurance often involves coverage beyond general business policies

Candy Store Insurance - M&Ms Star Wars Candy

These small business owners need protection for issues relating to their many types of confections. If you’re a confections business owner, then you may be surprised to discover that there are specific candy store insurance policies that you can tailor to your unique needs. Your business provides a range of different types of foods which come with a variety of risks. A candy store insurance policy takes into consideration the specific risks that can concern your business. After all, at any given time, you likely have hard candies, chocolate, popcorn,…

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Nationwide announces the launch of a new digital insurance platform

Digital insurance platform - Woman using smartphone and laptop

The insurer has made the move in order to respond to a rising trend of consumer digital expectations. Nationwide has announced the launch of a new digital insurance platform. This has been a long awaited move by the company, which is responding to the growing need for digital options from a new generation of consumers. The new digital platform is called Spire, and it will officially launch before this year is complete. The Fortune 100 giant, based in Columbus, Ohio intends to make its digital insurance platform available to its…

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Brooke Shields places life insurance value into the spotlight

Life insurance value - Brooke Shields - Life Happens - YouTube

The actress has partnered with Life Happens to spread awareness about coverage accessibility. Last month, Brooke Shields used a partnership with Life Happens to draw attention to life insurance value and accessibility. Last month was life insurance awareness month and this partnership played a central role. Shields partnered with the non-profit to help push forward the message of life insurance value and accessibility. It was a very direct message: that every family can and should buy coverage to ensure their loved ones are protected if the worst should happen. Death,…

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Dog groomer insurance helps your pet salon avoid risks unique to your business

Dog groomer insurance - go getting bath

Whether you groom from home, have a dedicated salon or have a mobile unit, you need coverage. Many business owners don’t realize that there are specific policies available to provide dog groomer insurance coverage. All too often, they purchase a general commercial policy which doesn’t offer the type of specific coverage unique to this kind of business. The type of policy you’ll need depends on the nature of the services you provide your customers. It’s important to recognize that there isn’t a standard dog groomer insurance policy, so it’s up…

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Insured Hurricane Dorian damage could bring $25 billion in losses to the industry

Hurricane Dorian Damage - Damage from Hurricane

UBS research shows that insurers may face tens of billions in losses because of the intense storm. Hurricane Dorian damage may cost over $25 billion in claims payouts from insurance companies, according to international financial services firm U.B.S. Damage to the Bahamas, the US coast and Canada was widespread and substantial. The bank had initially predicted that there would be between $5 and $40 billion in damage caused by the storm. More recently, U.B.S. narrowed its forecast to $15 billion as more specific Hurricane Dorian damage data became available. Now,…

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