Live Insurance News

Iowa crop insurance discount applications must be submitted soon

January 7, 2022January 6, 2022 Logan B.

State Secretary of Agriculture Mike Naig is reminding farmers of the January 14th deadline. Iowa Secretary of Agriculture Mike Naig has released a reminder to farmers and growers across the state who intend to apply for the crop insurance discount in the state. The deadline of January 14 is rapidly approaching, and Naig is reminding those who plant cover crops to apply on time if they believe they are eligible. Eligible applicants will receive a discount of $5 per acre discount on their spring premiums. Applicants eligible for the discount…

InsurTech NY Opens Third Annual Early-Stage InsurTech Competition

January 6, 2022January 6, 2022 PR Article

Insurance News for InsurTech Early Stage Competition 2022

InsurTech NY has opened the application window for its third annual InsurTech Early-Stage Competition (www.insurtechny.com/competition). Three winning teams will split $200,000 in prizes. InsurTech startups will be selected as finalists based on their growth potential and market opportunity. The top teams will be invited to present at the InsurTech Spring Conference held on March 7th at the New York Marriott Marquis. Finalists from the previous years’ competitions gained broad industry recognition and were able to raise investment rounds shortly following the competition conclusion. Honeycomb Insurance (2020) and Delos Insurance (2021)…

Over 100 insurance companies sue ERCOT and 37 Texas power generators

January 6, 2022January 5, 2022 Nordstrom

The insurers filed their lawsuit over the winter storm losses they incurred in February 2021. Over one hundred insurance companies have filed a lawsuit against the Electric Reliability Council of Texas (ERCOT) and 37 other power generators over the property damage and other losses sustained during the February 2021 winter storm. The lawsuit was filed in Travis County District County, labeling the power entities as “at fault”. The insurance companies allege in the lawsuit that ERCOT and 37 other power generators were “at fault” for the grid failure and losses…

Insurance companies want Marshall fire victims in Colorado to contact them now

January 5, 2022January 4, 2022 G. Turner

The insurers recommend that evacuees call them right away for support with living expenses. Approximately 30,00 people have been evacuated due to the Marshall fire in Boulder County, Colorado, and insurance companies are recommending that they contact them as soon as they can to obtain available support. Around one thousand homes are believed to have been lost as a result of the massive blaze. Though the final tally of affected homes or even of evacuees has yet to be counted, the fast-moving Marshall fire has forced thousands out of their…

State Farm launches new ad campaign featuring NBA stars

December 29, 2021December 29, 2021 H. Cutner

The campaign included the commercials run during the popular Christmas Day games State Farm launched its new NBA ad campaign, which ran its first commercials during the popular Christmas Day games. It is the next step of the insurer’s Surprisingly Great Rates messaging that was first rolled out during last year’s season. This season, the insurance company is focusing on a new and very specific concept. The idea behind State Farm’s campaign this year is that people usually try to live their lives based on their own assumptions, but that…

Benefits an accountant can bring to your business

December 28, 2021December 28, 2021 Guest Author

Business accounting analyses, records, interprets, summarises, and communicates business transactions. The financial statements help maintain a business which includes various types of statements like income, Balance sheet, cash flow, and equity. Business accounting benefits include Analysis of economic performance: The economic reports present organisations’ performance and position, which helps the owners understand by keeping income statements and helps in comparing the financial arrangement between years. Helps in Raising Loan: A substantial amount of money must be available for the company company’s future growth. Sometimes a firm cannot thrive owing to…

GEICO Executive Chair Tony Nicely retiring at the end of 2021

December 24, 2021December 23, 2021 Live Insurance News

The announcement was made that he would be stepping down at the end of the year after a 60-year career. GEICO Executive Chair Tony Nicely has announced his retirement and that he will be stepping down from his position at the end of the year following his 60-year career in the industry. Before taking his current position with the insurance company, Nicely had been chair and CEO for 25 years. Under Nicely as CEO, chair and GEICO executive chair, the insurance company experienced its most powerful growth period, becoming one…

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