Allstate auto insurance rates are jumping sharply in these 3 states

auto insurance - three state flags

New York, New Jersey, and California regulators have all given the green light to double-digit hikes. Allstate recently announced that it had received the go-ahead for double-digit auto insurance rate increases in New York, New Jersey and California. The approvals follow President and CEO Tom Wilson’s comments regarding dropping customers. Wilson had previously stated that if the auto insurance rate increases were not approved, the company would be dropping customers in those states. The approvals did come through, and they were for very large increases in all three states. New…

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Allstate to Scale Back in New York and New Jersey Following Lower Rate Increases

Allstate Auto Insurance rate increase

Allstate’s Partial Auto Rate Increase Approval and Its Impact Allstate Insurance, a titan in the auto insurance industry, has recently been thrown into a strategic conundrum. After receiving approval for lower-than-requested rate hikes in both New York and New Jersey, the company is now reconsidering its presence in these states. Despite lobbying for a 29% rate increase in New Jersey and an 18.3% hike in New York, regulatory authorities only concurred to rate increases of just under 17% and 14.6%, respectively. This partial approval has led Allstate to question its…

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Cost of health insurance premiums drives UD to seek more funding

Health insurance - University of Delaware Funding

Officials from the University of Delaware have requested additional money from the state legislature. University of Delaware officials recently issued a request to their state legislature for additional funding to help them to cover increases to health insurance premiums. At the same time, the university is also seeking more money for providing state residents with scholarships. The funding would also help to support a dual degree program between the University of Delaware and Delaware State University. The funding requests arrived at the University of Delaware’s annual Joint Finance Committee (JFC)…

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Is your travel insurance able to stand up to this common spring break activity?

Travel insurance for Spring Break

Many people are unpleasantly surprised at some of the common vacation behaviors that invalidate coverage. Spring break vacations can be lots of fun, but when something unexpected happens, you’ll want to make sure that the travel insurance you purchased will provide you with the coverage you think you have. Coverage is nearly always invalidated if you were found to be intoxicated when the claimed event occurred. Drinking is often a part of the spring break vacation experience. That said, it’s very important to remember that a travel insurance policy will…

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Igniting Your New Insurance Agency or Rekindling Your Existing One – The Ultimate Guide

business plan

Embarking on the journey of operating an insurance agency presents an intriguing challenge intertwining entrepreneurship with community service. A profitable insurance agency not only contributes to the economic fabric but also serves as a crucial pillar in protecting individuals and businesses from the unpredictable twists of fate. Central to steering this venture towards success is the crafting of a robust business plan, a compass to navigate the competitive landscape of the industry. This plan is your blueprint, laying out a clear path that encompasses your vision, identifies your target demographic,…

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