Live Insurance News

Tesla auto insurance rolls out in Texas

October 20, 2021October 19, 2021 G. Turner

The electric vehicle company has announced that its customers can now purchase coverage from them. Tesla auto insurance products are now available for the company’s electric vehicle customers in Texas. CEO Elon Musk recently announced that the company will be moving from California to Texas. The new Tesla auto insurance product is being added exclusively to Texas, though the company plans to expand into other states as well. The policy uses “real-time driving behavior” to help better understand a driver’s real risk level and therefore more accurate insurance rates. This…

California agricultural insurance to see raise in policy limits

October 19, 2021October 18, 2021 H. Cutner

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…

Ways to Reduce Your Car Insurance

October 18, 2021 Guest Author

When it comes to owning a car, one of the biggest expenses that people inevitably find themselves dealing with is insurance. However, rather than simply paying the first price that you see, it is a much better idea if you look into ways of reducing the overall car insurance. Here we have compiled a few of the top ways of doing just this. Shop Around for Different Quotes The internet has provided an invaluable tool for shopping around for different car insurance quotes, so it certainly makes sense that you…

California auto insurance claims 40 percent higher than pre-pandemic

October 18, 2021October 15, 2021 Marc

California Auto insurance - California sign

Mercury Insurance has reported the spike in its comprehensive car claims compared to pre-COVID-19. Comprehensive California auto insurance claims have taken off after a lull during the worst of the pandemic and have reached a point considerably higher than pre-COVID-19 levels. Vandals and thieves have been particularly active in recent months, driving claim numbers skywards. Mercury Insurance has observed this massive growth in California auto insurance claims when compared to pre-pandemic levels. Though the increase in vandalism and theft started with the lockdowns, they have grown even higher following the…

International Monetary Fund warns of rising life insurance rates

October 15, 2021October 13, 2021 Logan B.

The IMF cautioned that if a sharp bond yield rise occurs, then insurers may be forced to liquidate investments. Life insurance rates are on the cusp of a huge spike if there is a sudden rise in bond yields, leading to an extreme circumstance that could lead insurers to liquidate as much as $1 trillion in investments in the United States and Europe, according to a warning from the International Monetary Fund (IMF). The IMF released this caution in its Global Financial Stability Report. According to the IMF in the…

Forbes releases its list of the Best Insurance Companies in America for 2022

October 14, 2021October 13, 2021 Nordstrom

Best Insurance Companies - American flag

Mercury proudly announced that it is among the insurers to be recognized on the list. Forbes has released its list of the Best Insurance Companies in America for 2022, which examined over 4,200 insurers but named only 90 on its list. The list was created based on a partnership between Forbes and Statista. Mercury issued a news release announcing that it had been recognized as one of the Best Insurance Companies for 2022 as named by Forbes. The partnership with Statista examined customer survey results for over 4,200 American insurers…

Allstate remote working culture places for sale sign on insurance company headquarters

October 13, 2021October 12, 2021 G. Turner

The insurer announced that it will be selling the building housing its HQ in Northbrook, Illinois. Allstate Corporation has announced that it will be selling its headquarters located in suburban Chicago, Northbrook, Illinois, as the insurance company shifts toward a longer-term work-from home strategy. Allstate found that its office needs have changed since its employees have started working from home. The COVID-19 pandemic forced the insurance company – like much of the businesses across the country – to set up as many of its employees as possible home to work.…

Category: Insurance News Articles