CFCEF petitions California auto insurance companies to lower rates or issue refunds

California auto insurance companies - Truck on road in California

Non-profit consumer advocate, Consumer Federation of California Education Foundation launched the action. The Consumer Federation of California Education Foundation (CFCEF) has petition the state insurance commissioner to require California auto insurance companies to reduce their rates, issue credits, or issue refunds. The CFCEF says that insurers in the state have been making massive profits at the expense of drivers. The CFCEF’s petition accused California auto insurance companies of “making windfall profits” as a result of the stay-at-home requirements in the state. Those orders were made on March 19, keeping millions…

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Special Maryland health insurance enrollment period begins to boost coverage

Maryland health insurance - Doctor

As a state of emergency is declared Marylanders have a new opportunity to obtain a plan. A special Maryland health insurance enrollment window has opened to help uninsured residents of the state obtain coverage for added financial protection against coronavirus (COVID-19). Governor Larry Hogan declared a state of emergency and the Maryland Health Benefit Exchange reopened. The Maryland health insurance enrollment window opened back up again to make sure that residents in the state had an extra chance to purchase coverage during this outbreak. Uninsured Marylanders have the opportunity to…

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Chubb and Travelers insurance companies win Louisiana bank DOJ settlement

A Louisiana bank will not be able to recover the $11.7 million DOJ settlement under its professional liability policies with Travelers Cos. Inc

The financial institution will not be able to recover the $11.7 million from the federal government. A Louisiana bank will not be able to recover the $11.7 million DOJ settlement under its professional liability policies with Travelers Cos. Inc. and Chubb Ltd. units. The reason is that the government was not the bank’s client, according to a ruling by the federal court of appeals last week. This most recent ruling upheld an earlier decision on the case from a lower court. IberiaBank Corp, a bank based in Lafayette, Louisiana, came…

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Your resume writing business insurance protects you from catastrophe

Resume Writing Business Insurance - person writing

Your company takes on substantial risk by providing this service, but the right coverage keeps you safe. Resume writing business insurance is designed to protect your financial assets. It should be considered a powerful investment into your company’s present and future. Remember that you carry the same risks as any other writing service, but with the added specifics of a CV. The main component of resume writing business insurance has to do with liability protection. Naturally, there is more than that, but this is most certainly the jumping off point…

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Michigan auto insurance to undergo substantial changes throughout 2020

Michigan auto insurance - Michigan license plate

High rates have been a source of contention in the state where drivers pay more than the rest of the country. High Michigan auto insurance rates and how to overcome them has been a controversial topic in the state for decades. In the second half of the year, premiums are likely to fall due to a number of changes in the state. This year, when policies renew on and after July 1, vehicle owners will see a change in those rates they’ve been complaining about for many years. According to…

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5.7 magnitude Utah earthquake places spotlight on insurance coverage

Utah earthquake - cracked road

The quake struck the state on Wednesday morning, knocking out power and shaking residents. The 5.7 magnitude Utah earthquake that struck on Wednesday morning has reminded residents and business owners of the importance of coverage. Around 55,000 people were left in the dark from power outages in the Salt Lake City Area. The magnitude of the Utah earthquake was reported by the US Geological Survey, and the power outage figures were released by Rocky Mountain Power. Local news reports shared that many people in the region were startled by the…

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Lighthouse Property to acquire Prepared Insurance of Florida

Prepared Insurance of Florida - home insurance

The acquisition remains subject to official regulatory review as well as approval before it is finalized. Prepared Insurance of Florida, a domiciled P & C carrier in that state and Louisiana is to be acquired by Lighthouse Property Insurance Co. of Louisiana. This move doesn’t come as a surprise as efforts have been made for the acquisition since 2017. Lighthouse is authorized to write coverage in Louisiana as well as North Carolina, South Carolina and Texas. Prepared Insurance of Florida is authorized for writing in Florida as well Louisiana. The…

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