International Monetary Fund warns of rising life insurance rates

Life insurance rates - Breaking News

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…

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

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…

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

Insurance company - For Sale sign

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.…

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GEICO campaigns to fill insurance company jobs in competitive market

Insurance company jobs - competition

The insurer has been taking steps to become more appealing to jobseekers in many US regions. GEICO has been making a concerted effort to attract applicants to fill hundreds of insurance company jobs it is opening and that need workers before the end of the year. Some regions have seen starting salaries rise across the board while others offer additional advantages. Earlier this month, GEICO announced that insurance company positions would be paying more in the hopes of drawing applicants to fill over 300 new positions in Tucson and Renton.…

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Mercury adds MercuryGO to Arizona auto insurance products

Arizona auto insurance - Arizona pinpointed on a map

The insurer has been expanding its usage-based coverage app to let good driving habits lead to savings. Mercury has announced that it is taking its next steps into new states with its MercuryGO app, bringing it into the Arizona auto insurance market. The idea behind the app is to let a driver’s safe behaviors behind the wheel generate discounts. That said, beyond rewarding good drivers with lower Arizona auto insurance premiums, it also provides additional features. Those features are meant to help boost driver awareness of safer habits to help…

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How to handle unpaid insurance claims

Unpaid Insurance Claims

It is often overlooked how important it is to have insurance. It protects them from financial loss in case an unexpected event occurs. When someone has an accident or a crisis that insurance should handle, they need to file a claim for their damages with their insurance company to be paid out. Unfortunately, there are some cases where a claim is not handled properly. When this happens, the client may have to take legal action against their insurance company to be compensated for losses. Though it’s stressful and sometimes difficult…

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State Farm reminds drivers that auto insurance claims for hitting animals are spiking

Auto insurance claims - Watch for Animals Sign

Though these crashes reach their high point in November, numbers are already rapidly rising. As auto insurance claims relating to crashes with animals rise this month and are expected to continue to do so into November, State Farm is recommending that drivers be especially cautious behind the wheel. Deer are traditionally the most commonly reported type of crash involving hitting wildlife. According to a recent news release from State Farm, statistics suggest that there is an average increase in crashes involving wildlife of 7.2 percent. Most commonly, these crashes involve…

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