California agricultural insurance to see raise in policy limits

Agricultural insurance - Farm

Commissioner Ricardo Lara has ordered what will be the first coverage limit increase in 25 years. California Insurance Commissioner Ricardo Lara has ordered the first agricultural insurance limit increase in fire-prone areas in a quarter of a century. Lara determined that the order was necessary in order to meet the current wildfire risk and rising cost of repairs. The increase in the agricultural insurance limits is approximately 90 percent higher than the limits in the California Fair Access to Insurance Requirements (FAIR) plan, which is the last-resort program for property…

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Amazon to sell business insurance in the United Kingdom

Business insurance - Amazon

The marketplace has announced its intentions to begin selling to small- and medium-sized companies. Amazon.com Inc. has announced that it will begin selling business insurance to small- and medium-sized companies in the United Kingdom. This represents the first step the tech giant has taken into that market in the UK. The business insurance coverage will become available to members of Amazon’s Business Prime program. Those members will be able to purchase policies from Superscript that will include coverage such as contents, professional indemnity, and cyber. According to a spokesperson from…

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What Does Landlord Insurance Include?

What Does Landlord Insurance Include?

A landlord shield or insurance is designed to cover unique risks associated with renting your property for a long period. It includes things like property damage, liability cost, along with the loss of rental income, for landlords renting out their property. Whether you are renting out a vocational home or an investment property, in the form of landlord insurance holds extreme importance. It is essential to protect your property against the financial risks associated with the renters living there. Landlord shield policies generally cover the dwellings or structures of your…

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CAA files lawsuit against insurance company for failure to cover pandemic losses

Insurance company - Lawsuit filed

This has become the most recent instance of a media and entertainment firm suing an insurer for this reason. CAA has filed a lawsuit against an insurance company in what has become the latest instance of a media and entertainment organization suing an insurer for denying payment on loss claims regarding pandemic shutdowns. The Creative Artists Agency filed a civil suit with the Los Angeles Superior Court. The Hollywood-based agency filed a civil lawsuit against an insurance company. The suit was filed in the Los Angeles Superior Court against Affiliated…

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5 Easy Ways You Can Reduce Your Home and Business Insurance Rates

5 Easy Ways You Can Reduce Your Home and Business Insurance Rates

It’s not difficult to both love and hate insurance. Few of us enjoy paying for it every month, but we are relieved to have it if something bad happens. That is definitely the case for both home and business insurance.  Buying either can be a costly endeavor, but the good news is that you don’t have to be stuck with high monthly premiums. Instead, by shopping around, working with the insurance company, and living in places with fewer risks, you can make the payments much more manageable. Let’s look at…

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Should unvaccinated health insurance rates be higher?

Health Insurance Rates - Money

An Ipsos poll shows over 40 percent of employees feel that this would be a fair move. According to the results of a recent survey conducted by Ipsos for Eagle Hill Consulting, more than 40 percent of American employees support higher health insurance rates for people who choose not to be vaccinated. This suggests that vaccinated American workers are seeking more punitive strategies for unvaccinated counterparts. Note: This article is a report on the findings of the survey and does not necessarily reflect the views of Live Insurance News, its…

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How to protect your business investments

How to protect your business investments

It can be a risk to start a business as it is a costly affair. Investing your time and hard-earned money can be both thrilling and scary. So, you need to make sure that your business investments are properly protected. Here are some tips on how to do so.  It can be risky business investing. And it is even more so if you invest in your own business and need to get started from the bottom. It can be a tough world to enter but it also has potential for…

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