This auto insurance company was rated the top option by Consumer Reports

Auto insurance - Top Rated Company

The most recent survey identified a spectrum of new trends including the top four insurers. Consumer Reports has conducted two recent auto insurance surveys, one of which had a more limited sample, while the second had a notably more substantial number of participants. Each of the surveys looked into the way consumers feel and interact with their insurers. The first Consumer Reports survey was limited to its own subscribers, thought that is still a respectable figure higher than 40,000 people. The participants offered almost 50,000 responses on factors associated with…

Consumers shopping around for better auto insurance prices

Auto insurance - Blue car

A new JD Power report shows increasing interest in usage-based policies and telematics. A rising number of consumers have been shopping around to find better prices for their auto insurance as inflation and gas prices send the cost of living skyward, says a new JD Power report. Increased costs have led many drivers to find new way to save money on their coverage. The JD Power research showed that higher gas prices and cost issues related to inflation have been sending drivers to compare rates from different auto insurance companies…

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

Insurance companies - Fire in Colorado

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…

Insurance companies face steep criticism in Louisiana in wake of Hurricane Ida

Insurance companies - Hurricane destruction

State officials didn’t mince words in expressing the frustrations of residents held back by major obstacles. Residents of Louisiana are sick and tired of insurance companies, following two years of severe storms that have led to slow claims progress, struggles to reach providers in the first place, and inadequate payouts. Hurricane Ida left devastation behind in major areas of southeastern Louisiana in August. By December, many people are still living in temporary housing or FEMA trailers, awaiting the payouts from their insurance companies. The Louisiana Legislature joint insurance committee held…

Allstate Corporation ALNY life insurance and annuity business sales close

Life insurance - Deal - money

The insurer has announced the receipt of all necessary regulatory approval for the sale closures. The Allstate Corporation (NYSE stock symbol ALL) has announced that it has closed the sale of its Allstate Life Insurance Company of New York (ALNY) to Wilton Re. The sale of ALNY was announced as having closed for about $400 million. The insurer announced the closure of the sale of the life insurance and annuity business when it obtained all the regulatory approvals it needed to move forward. “Closing on the sale of ALNY is…