Walmart Insurance Services subsidiary launches for policy sales

Walmart Insurance Services - Front of Walmart Store

The retail giant will be selling health plans directly to consumers, said a company spokesperson. Walmart Insurance Services, a subsidiary of the retail giant, has now launched and will start selling its health plans to consumers, confirmed a spokesperson. Media reports suggest that the retailer’s subsidiary will sell Medicare Advantage plans. The Walmart Insurance Services name filing was made with the Arkansas Secretary of State on June 26. This filing was made by Walmart Apollo, the company’s intellectual property holding company. That said, the filing didn’t receive much media attention…

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Lack of TV and film insurance could bring Hollywood to a halt next year

Film insurance - clapperboard

Without the necessary coverage, movie and television series releases could be few and far between. TV and film insurance coverage availability has plummeted for independent movie and television productions for COVID-19 illness risk. This shift directly threatens the number of new video entertainment to be produced and released in 2021. Insurers and industry experts have joined Hollywood producers in stating that there could be a short supply of new productions for 2021. Thousands of television and movie productions came to a sharp stop around the world in March as the…

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Six tasks to complete before buying a home

buy a home

Getting the keys to your own property is an exciting experience for us all, whether it’s your first home or your fifth. However, before you start thinking about paint colors and long-term renovation projects, you need to get prepared for the whole property purchase experience. Whether or not you have bought home before, there are certain tasks you need to carry out. Make sure you know what you may need to do next and check that these items are on your to-do list. Find out your credit score This will…

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What happens if I don’t have motorcycle insurance?

motorcycle insurance

The day you pass your motorcycle test is probably going to be one of the best days of your life. You’ll suddenly have the freedom to pick your favorite KTM motorcycles from the local dealer and hit the road. Your license may limit the size of the bike you can ride but it won’t limit how far you can ride, or how much fun you can have! However, it’s not as simple as just hopping onto a bike and riding off into the sunset. You need to get the right…

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Another State Farm Louisiana auto insurance rate reduction ahead

Louisiana auto insurance rate - Cars on highway

The insurer has already slashed its rates earlier this year due to the reduced claims during the pandemic. More Louisiana auto insurance rate cuts are on their way from the largest car insurer in the state. The reason for the latest reduction in State Farm premiums is the same as the last. The pandemic lockdowns have taken many cars off the roads, shrinking claims rates. State Farm currently covers about one in every three private vehicles in the state. State Farm provides car insurance to almost one third of all…

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National General to be acquired by Allstate for $4 billion

National General - Business Deal

The insurance giant is making the purchase to expand its auto reach and independent agent business. Insurance giant Allstate Corp announced this week that it will purchase National General Holdings Corp for about $4 billion. This will be a cash purchase, boosting the insurer’s auto insurance business just as the pandemic crisis has made that sector highly profitable. Auto insurance claims are way down due to the smaller amount of traffic on the roads. National General shareholders will be compensated with $32 per share in cash. They will also receive…

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Unemployment insurance fraud spikes as identity theft rises in pandemic crisis

Unemployment insurance fraud - woman's face - binary code

North Dakota is a clear example of this troubling trend throughout the first half of 2020. Identity theft has become much more prevalent during the pandemic crisis, leading to a tremendous surge in unemployment insurance fraud filings. Claims of identity theft have taken off during the first six months of 2020. The Consumer Protection Division of the North Dakota Attorney General’s Office has processed more claims relating to identity theft in the first half of this year than in any other complete year on record, said attorney Parrell Grossman, speaking…

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