Tag: California

3 Zip Codes Get The Worst of State Farm Non-renew Campaign in California

G. Turner
State Farm - Fire Risk Assessment - Bel Air

In an announcement that may reshuffle the deck for homeowners’ insurance across California, industry giant State Farm revealed a strategic shift in their coverage plans, affecting thousands of property and commercial apartment policies in the state. With implications extending to the very nature of wildfire and earthquake risk management, this move by State Farm is poised to remove billions in risk from the company’s books. Earthquake Aftermath Concerns Amplify Fire Risks in California While earthquake policies in California are indeed underwritten through the state-run California Earthquake Authority, State Farm’s heightened…

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GEICO Offers New Discounts Amid Rising Auto Insurance Rates

Angela Linders
Geico auto insurance new discount

In a bold move to capitalize on increasing auto insurance rates across states such as California, GEICO Corp., part of Warren Buffet’s empire, is offering an attractive discount initiative, the “Welcome Factor,” aimed at expanding its auto insurance business. GEICO’s Fresh Approach to Auto Insurance With the surge in insurance rates, many insurers are taking a step back from writing new policies. However, GEICO is actively inviting new clients by marketing a special discount for those who apply for personal auto insurance. The discount is designed to taper off gradually…

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Allstate to Scale Back in New York and New Jersey Following Lower Rate Increases

Loreen
Allstate Auto Insurance rate increase

Allstate’s Partial Auto Rate Increase Approval and Its Impact Allstate Insurance, a titan in the auto insurance industry, has recently been thrown into a strategic conundrum. After receiving approval for lower-than-requested rate hikes in both New York and New Jersey, the company is now reconsidering its presence in these states. Despite lobbying for a 29% rate increase in New Jersey and an 18.3% hike in New York, regulatory authorities only concurred to rate increases of just under 17% and 14.6%, respectively. This partial approval has led Allstate to question its…

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California considers private health insurance for immigrants

Nordstrom
Health insurance - Immigration - United States

The state has yet to determine if such a strategy can be achieved affordably for the demographic. Though many Californians whose income is too high to be eligible for Medi-Cal can receive subsidized health insurance through Covered California, an estimated 460,000 residents without legal status can’t purchase coverage through the Affordable Care Act’s state-run plans. Some lawmakers are seeking to create a bill to help close that gap for those uninsured Californians. “We’re going to need to figure out how to provide universal coverage for all who call this state…

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Really Common Car Insurance Misconceptions

Guest Author
car insurance claims

Most people out there do not know much about their car insurance and the different factors that influence it. In reality, there are countless things that can have an impact on how much you can pay. At the same time, different misconceptions appeared in regards to car insurance. The really common misconceptions are presented below based on research done by auto repair Lakewood Colorado. Red Cars Are More Expensive To Insure This is a rumor that has been floating around for way too long but it is a completely false…

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UCLA Health Report offers data to compare for future healthcare use

Ben Jones
healthcare statistics

The 2016 Presidential Election brought a large shift in policy opinion and direction. Reports on the current progress due to actions of the Obama administration are likely to be used as a base of comparison in the coming years. Most notably, the progress due to affordable health insurance. Unlike car insurance or homeowners insurance, health insurance is something Americans struggle with getting for both their family and themselves. America struggles in policy creation by deciding whether to make plans affordable for mass consumption or left for those who can afford…

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California auto insurance investigating premiums discrimination

Marc
san francisco california auto insurance

The state Department of Insurance launched an investigation into the factors used to calculate rates. The California auto insurance industry may soon be changing the way its rates are calculated in order to reduce discrimination against drivers from minority neighborhoods. The California Department of Insurance launched an investigation into the practices of eight auto policy providers in the state. The investigation is meant to decide whether the insurers are discriminating against people in minority neighborhoods. The California auto insurance rate investigation was launched in response to an article published on…

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