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State Farm uses digital tools to deliver faster insurance payouts on claims

May 14, 2021May 13, 2021 Logan B.

Insurance payouts - computer and dollar bills

The insurer has used a solution enabled by Fiserv to make the process possible. State Farm has rolled out a new digital solution for making insurance payouts on claims for its fire and auto customers. The digital payments solution uses technology from Fiserv, Inc. a leading global payments and financial services technology solutions provider. Using the Digital Pay option, customers are provided with improved flexibility after a claim. The Digital Pay service lets consumers choose a faster way to receive their insurance payouts on auto and fire claims. Many consumers…

How Climate Change Affects the Housing Market

May 13, 2021May 13, 2021 Guest Author

One look at the housing market these days will tell you almost all you need to know about it. Prices are on the rise, interest rates are low, and although hundreds of thousands of people are looking for homes to buy, it’s a seller’s market and pickings are slim. There are plenty of factors that can contribute to this trend from natural economic swings to the COVID-19 pandemic rush to get out of the cities. Something that many people don’t necessarily consider as a factor that impacts the housing market…

5 Ways Young Drivers Can Lower Car Insurance

May 10, 2021 Guest Author

It’s exciting to finally get that driver’s license and have the freedom to get in the car and go. But one thing that stops a lot of new drivers in their tracks is the high cost of car insurance. Parents and young drivers may get quite a shock when they see the next insurance bill. Going without insurance as a young driver just isn’t an option — it could result in fines, a suspended license, or even a terrible, costly accident. Young drivers shouldn’t despair, though. There are a few…

Beginner’s Ultimate Guide to Make Your Profession in Computer Science

May 10, 2021May 11, 2021 Guest Author

The field of computer science is an extremely happening one, with massive changes and shifts over a short period of time. In order to turn your subject field into your profession, there are a number of steps that ought to be considered by every aspiring student of computer science. These steps can guide and shape the careers of the students providing them with innumerable lucrative opportunities that will not only help them grow from the perspective of the careers but also make them financially empowered. The steps range from choosing…

Allstate Q1 revenue driven skyward by National General acquisition

May 10, 2021May 7, 2021 Marc

The insurer’s revenues rose 26 percent during the quarter, though saw an overall $1.4 billion loss. In an Allstate Q1 revenue statement, the insurer reported that it saw a substantial 26 percent rise from its National General acquisition and premium gains. This at the same time that the insurer dropped its life and annuity businesses leading to losses. The insurance company experienced an overall $1.4 billion net loss as the Allstate Q1 revenue simultaneously took off. Comparatively, in the same quarter of 2020, it saw an overall $513 million net…

Chubb insurance company withdraws takeover pursuit of The Hartford

May 4, 2021April 30, 2021 Logan B.

Insurance company - Hartford Connecticut Skyline

The insurer has announced that it will no longer seek to acquire the financial services group. Insurance company giant Chubb Ltd. recently announced that it has dropped its pursuit of acquiring The Hartford Financial Services Group. This decision has concluded two turbulent months of offers and rejections between the firms. Over the last couple of months, the Chubb insurance company made three takeover offers to The Hartford Financial Services Group, each of which was turned down. The end of the insurer’s acquisition attempts also means that the city of Hartford…

Oregon wildfire insurance may continue through Lloyd’s of London

April 30, 2021April 29, 2021 Logan B.

Oregon Wildfire Insurance - Forest Fire in Portland, Oregon

As the risk of another fire season approaches, the state will rely on its unique policy again in 2021. As the state’s traditional fire season approaches, Oregon wildfire insurance will be provided by the unique $25 million policy through Lloyd’s of London. The oldest insurance marketplace in the world has been providing this coverage since 1973. The state Department of Forestry has purchased the Oregon wildfire insurance against losses for nearly fifty years. This is a unique coverage as no other state has coverage against wildfires. “It’s a catastrophic firefighting…

Category: Financial News