Tag: consumer information

Allstate Insurance CEO Reveals Hidden Cause of Rising Auto Insurance Rates

Marc
Allstate Insurance - A woman looking surprised - auto rates increase

In a recent interview with CNBC, Tom Wilson, CEO of Allstate Insurance, shed light on the underlying reasons for the spike in auto insurance rates. He pointed to a crucial factor that has often flown under the radar—the dramatic increase in used car prices over the past few years. This revelation connects the dots between the surge in vehicle costs and the consequential rise in insurance premiums. The Surge in Used Car Prices “The price of used cars skyrocketed by 60% between 2020 and 2022,” noted Wilson. This substantial increase…

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Essential Information For Homeowners – Insurance Cover For Outdoor Paving And Patios

Guest Author
homeowners insurance cover patios

Research indicates that a home is more than likely the largest purchase that any individual will make during their lifetime. It represents not only a significant long-term commitment aimed at optimizing the value of that fixed asset.  However, investing in a home is not only a financial commitment. It is also a commitment to the future in the form of a shelter – and a place where family and friends can gather to share in those special moments. Of course, a home is also a refuge from the stresses of…

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Should More States Help Agents Find Insurance Leads?

Guest Author
Insurance agent

Last month, California made headlines when Covered California handed out thousands of consumer’s information to insurance agents without their expressed interest to be contacted. According to LA Times reporter Chad Terhune, the names given were of people who had signed up on the Covered California website, but had not finished the enrollment process. Was this an act of assistance on the part of the state or a complete breach of privacy? The larger question is “should other states follow suit?” Why Use an Insurance Lead Company? Generally, insurance agents find…

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New website allows Nevada consumers to review and respond to health insurance rate increases

The Division of Insurance in Nevada has announced the launch of the new Nevada Health Rate Review website that is available to consumers and small businesses in the state, to allow them to review health insurance rate hikes, as well as leave their own comments. The website was created in order to comply with a part of the Affordable Care Act (ACA) which began September 1, 2011. This federal law demands that the state offer a way for small businesses and consumers to leave their comments regarding rate hikes that…

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