Tag: Arkansas insurance

Esurance begins selling auto insurance in Arkansas

Marc
auto insurance

Esurance moves into Arkansas auto insurance market Acclaimed auto insurance company Esurance has announced that it has begun offering auto insurance policies in Arkansas. Arkansas residents will now be able to find insurance policies that are suited for their driving needs through Esurance. The company, backed by Allstate, is expected to bring more competition to the state’s auto insurance market. This may drive down prices through giving consumers a wider range of options in terms of insurance coverage. State residents will have access to the full gamut of Esurance features.…

Read More

Arkansas Insurance Commissioner seeks financial aid for insurance exchange while facing down opposition from lawmakers

Nordstrom

Arkansas’ Insurance Commissioner is attempting to rally support from state lawmakers to help establish a health insurance exchange. Commissioner Jay Bradford is urging legislators to back a grant application that, if approved, would bring $3.8 million in federal funding to the state. Arkansas lawmakers have been leery of the federally mandated insurance exchanges due to their association with the controversial Affordable Care Act, which the state opposes. Governor Mike Beebe has said that he will not seek out federal funding unless the state’s Legislature shows support for an exchange. The…

Read More

Arkansas farming industry calculate high millions in lost crops

Residents and farmers from the eastern part of Arkansas are getting their first looks at the destroyed homes and ruined farmland that have resulted from the massive flooding in that region.  Many parts of the state rely primarily on agriculture as their main industry.  According to the Arkansas Farm Bureau, an estimated $500 million has been lost in crops due to farm flooding, with an estimated millions more having been lost as a result of other damage such as to equipment.   The Farm Bureau also stated that agriculture typically brings…

Read More

Arkansas Insurance Commissioner issues moratorium due to storms

Marc

In light of the recent occurrences of severe and destructive weather, the Insurance Commissioner of Arkansas, Jay Bradford, has announced a moratorium for policyholders residing in the most affected areas of the disaster. The Arkansas Insurance Department issued a bulletin to the states insurers informing them of the 60-day moratorium. The initiative will target those who have not paid their latest round of premiums. The Department is urging residents to contact their insurance providers to see if they qualify for the moratorium. Bradford hopes that the move will help ease…

Read More

Could be just the beginning as deadly storms rip through the U.S.

Spring storms tore through the southern portion of the states last week leaving massive damage and loss of life in its aftermath. Virginia is no stranger to bad weather; over the last sixty years, they’ve had almost 600 tornados. But the previous storms were not like this one. Initial figures have eleven deaths total, and over 7.5 million in damages in one county. Virginia is used to getting thunderstorms and even tornados. However, most are EF1, or an EF2 and short lived. They don’t stay formed for very long and…

Read More

Earthquake insurance rates set to increase in certain areas

S.Vagus

Spurred by news of recent earthquakes that rocked New Zealand and Chile, as well as tumblers felt in the United States, State Farm has been raising their rates for earthquake coverage. The recent wave of tremors in Arkansas has provoked the insurer to make the first significant raise in its rates in the state in 15 years. The premiums were unchanged from 1997-2007. Adjustments were made in 2008 and again in 2010, but were relatively minor. Spokesman for State Farm, Gary Stephenson, says that insurance premiums change all the time.…

Read More