Lemonade pet insurance products are in the making

Lemonade Pet Insurance - Dog and Cat

The homeowners and contents policy provider will be expanding into an all new market. Lemonade pet insurance is about to become the next offering from the industry disrupting homeowners and contents insurer. The company has managed to raise $480 million and is now set to cover cats and dogs. It is not yet clear when the Lemonade pet insurance policies will start selling. So far, the insurer has announced its intentions to step into that category. It is also making its way through the regulatory process of selling coverage for…

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Allstate agent commissions and insurance advertising comprise top growth plan focus

Allstate agent commissions - Allstate Insurance Businessv

The insurer first disclosed its Transformative Growth Plan at the end of 2019. Two primary components of the Transformative Growth Plan unveiled in December 2019 include Allstate agent commissions as well as the company’s insurance advertising. The plan is meant to completely overhaul the insurer’s strategy toward business, efficiency and expenses. The insurance company’s plan includes details regarding the changes it is making to how it does business, how it is increasing its efficiency and cutting its expenses. Thomas Wilson, the insurer’s chairperson, president and C.E.O. discussed the plan during…

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Arizona State career development program gets a boost from State Farm donation

State Farm Donation - Arizona State University (ASU)

ASU received $30 million from the insurer for its “Pathways for the Future” program. Arizona State University (A.S.U.) has received a substantial $30 million State Farm donation directed right into the new “Pathways for the Future” career development program. The university’s new program offers students with financial aid when they enroll in online courses. Students from A.S.U. and Maricopa County Community College can use the program to receive financial aid when they register for online courses at the university. Other students who can benefit from the State Farm donation to…

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Alabama auto insurance fines hit hard, even when renewing one day late

Alabama auto insurance - Fines - Money

The state has skyrocketed its fines for motorists who allow their vehicle coverage to lapse. Alabama auto insurance fines are heading skyward and drivers who allow their policies to lost – even for a single day – are about to suffer an unpleasant shock. The penalty for allowing a policy to lapse, even for one day, is $200 under the new rules. Probate judge and Cleburne County Commission chairperson Ryan Robertson spoke during one of the commission’s work sessions last week. There, he explained to the attendees that Alabama auto…

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Allstate takes insurance company legal motion to the next level

Insurance company legal - broken windshield

The insurer has filed a response to a battle involving a motion to compel originally filed by Auto Glass America. Allstate has filed a response in an insurance company legal battle which includes a motion to compel which was filed by Auto Glass America (A.G.A.). The windshield repair business alleges that the insurer must offer more information relating a specific case. The A.G.A. alleges that Allstate needs to offer additional information regarding a forced windshield repair case. This is the second time Allstate has responded to the insurance company legal…

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Allstate uses wellness programs for effective talent retention

Wellness Programs - People Working out at gym

The insurance company’s efforts are working in the United States and Canada. Allstate has come across an effective way to promote improved talent retention through the use of wellness programs for its team members. Companies are coming to discover that employees like working for businesses that take care of them. According to an RBC Insurance survey conducted last year in Canada, 80 percent of workers felt their overall wellbeing would be better than it currently was if their employer would offer certain benefits. More specifically, they felt that personalized wellness…

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Nationwide announces new bird and exotic pet insurance product

Exotic pet insurance - Macaw Parrot

Americans keep many animals other than dogs and cats in their homes and want coverage for them. Nationwide recently announced the launch of a new type of bird and exotic pet insurance plan. It acknowledges that there are many other types of animal friends in American homes than dogs and cats. The coverage is designed to protect legal pets that may require veterinary care in their lifetimes. Current estimates show that about 15 percent of American pet owners have an exotic animal or a bird. These can include anything from…

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