Comparethemarket.com, one of the largest price comparison sites serving the insurance industry in the UK, has announced that Nationwide Insurance has joined its panel of insurers. The company, which boasts of being one of the largest property insurers in the U.S., also has an expansive line of auto insurance products. These products will be submitted to the comparethemarket.com website where they will be subject to comparisons of policies offered by other companies. Jeremy Moll, commercial director for comparethemarket.com, hopes that consumers will have a broader understanding of the differences in…
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The end of the year brings an increase in vehicle sales
The demand in the American automobile marketplace has risen at a higher rate than was forecasted, as automakers are now aimed at the best yearly performance that it has seen since 2008, having sold 12.8 million vehicles in 2011. At the start of December, consumers have finally started making their way back to vehicle shopping and are seeking models that range from luxury sedans and large pickup trucks to the trendy low fuel consumption hybrids. This has helped to boost the sales in November to the fastest monthly rate since…
Read MoreChubb Offers Medical Benefits to Transgendered Employees
The Chubb Group of Insurance Companies has extended its medical benefits to transgendered employees and dependents. “This is a natural evolution for Chubb, where our inclusive environment demonstrates our commitment to fair and equal treatment for all employees,” said Trevor Gandy, senior vice president and chief diversity officer for Chubb. Chubb’s announcement reinforces a growing trend among employers and insurers who are recognizing sex reassignment as a medically indicated, rather than optional, procedure. Thirty-nine percent of Fortune 500 companies offered transgender-inclusive health benefits this year, up from 1% in 2004,…
Read MoreAllstate net income tumbles for third quarter after payouts for natural disasters
Following the $1.08 billion payout by Allstate Corp. for natural disaster claims, the net income for the company’s third quarter fell by 55 percent. Equally, the insurer also said that its investment results were better, and that its auto insurance segment profits assisted in offsetting some of the losses resulting from this year’s storms. Overall, it saw a $165 million net income, which translates to 32 cents per share, when compared with the figures in 2010 which were 68 cents per share and a net income of $367 million. Allstate…
Read MoreAllstate acquires Esurance and Answer Financial for $1 billion
In another of Allstate Corp’s efforts to become a larger part of the online insurance marketplace for consumers who prefer to use the internet for their insurance transactions, the company has acquired Answer Financial and Esurance from White Mountains Insurance Group Ltd. for $1 billion. Allstate, a leading national home and auto insurance company based in Northbrook, has stated that it will be maintaining the Esurance headquarters in San Francisco, and that Answer Financial will remain in Los Angeles. As a result of this deal for the online auto insurance…
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