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Berkshire Hathaway seeks to enter the insurance industry in Canada

February 2, 2015January 31, 2015 G. Turner

The company has recently announced its intentions for “expanding into the Canadian marketplace.” Berkshire Hathaway Specialty Insurance has now announced that it will be making its way into the “Canadian marketplace,” and that it already has the necessary licenses for conducting business in that insurance industry. Within that country, the company said it, “underwrites on the paper of National Liability & Fire Insurance Company.” National Liability is one of the members of the National Indemnity group of insurers which is owned by Berkshire Hathaway. This move will bring the insurer’s…

Insurance industry now equipped to deal with celebrities

February 2, 2015January 31, 2015 S.Vagus

AIG Insurance Industry Marketing

Celebrity behavior could cause endorsement deals to collapse, but the insurance industry is prepared Celebrities can be a costly investment. The behavior of celebrities is often headline-worthy news, as these people can often be very eccentric and unbridled. This can cause trouble for brands that endorse these celebrities, however, and the behavior of celebrities can cause unexpected damage to a company that supports them. Such was the case with Michael Phelps, the most decorated Olympian of all time, when his antics caused his endorsement deals with several companies to collapse.…

Ohio homeowners insurance premiums vary widely based on ZIP code

January 30, 2015January 28, 2015 Julie Campbell

Ohio homeowners Insurance

Consumers throughout the state are paying widely different rates depending on where they live. A new calculation of the homeowners insurance rates being paid across Ohio has revealed that the prices vary quite broadly from one part of the state to the next, depending on where the consumer actually lives. Xenia was found to be the place in which residents were paying the highest home insurance premiums. Overall, Ohio is considered to be a state in which the homeowners insurance rates are considered to be quite low. The reason is…

Rates for homeowners insurance and auto coverage are on the rise in Ohio

January 30, 2015January 29, 2015 Nordstrom

homeowners insurance

Homeowners insurance and vehicle coverage is becoming slightly more expensive this year Those living in Ohio can expect to be paying more for their homeowners insurance and auto coverage this year. Insurers in the state will be raising rates, but Ohio will still enjoy insurance rates below the national average for property and auto coverage. According to a report from the Ohio Insurance Institute, rates are on the rise for a number of reasons. Homeowners insurance providers note that many powerful storms have hit the state recently, which is leading…

Flood insurance controversy continues to brew in New York

January 30, 2015January 28, 2015 S.Vagus

flood insurance residential homeowners

Attorney General launches criminal probe into potential wrongdoings by flood insurance providers The New York Attorney General’s Office has launched an official criminal probe into accusations coming from victims of Hurricane Sandy concerning how their insurance claims were handles. Many homeowners in New York that were affected by Hurricane Sandy have had their insurance claims regarding flood damage denied by their insurance providers and have suggested that these claims were denied due to falsified engineering reports. As a result of rejected homeowners insurance claims, many consumers have suffered significant financial…