Following the latest insurance trend sweeping the nation, Sequoia Insurance Co., one of the largest insurers in California, will begin offering a pay-as-you-drive auto insurance policy. Sequoia joins State Farm and Progressive in offering this particular policy, increasing the options available to California drivers. Progressive was the first to incorporate this concept into their coverage options after finding that fewer people were taking to the road in light of rising gas prices and other costs. Drivers interested in the coverage must first have a small device installed in their vehicles.…
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Wonder why insurance premiums are going up instead of down during recession?
The rising price of oil and gas, the unemployment rates and the uncertainty of the economy; what do these things have in common? They can all affect the insurance industry and the rates you pay for your auto and homeowners coverage. Actuarial science is a field that uses math and statistics to assess risk in the financial and insurance industries. There is a professional group of people called actuaries that use actuarial science and apply it to property and casualty insurance risks. This group of experts has noticed a connection…
Read MoreFireman’s Fund announces green partnership
The demand for green products is growing every year and has now made its way into the insurance world. Major insurer, Fireman’s Fund Insurance Company, is the first to deliver new options like, “Green Insurance”. The property/casualty and commercial insurer are the innovators of green insurance by rewarding their clients with discounts and special “green” coverages. In recent days, the company announced a new referral partnership with Scientific Conservation Incorporation, also known as SCI. SCI specializes in commercial building energy efficiency through Predictive Diagnostics and Analytics systems. Their software solutions…
Read MoreGoing green can lower your insurance bill.
Fireman’s Fund Insurance Company was the first to offer commercial green insurance back in 2006 and has been at the forefront of the green insurance movement ever since. The company rolled out their 5% green home discount and optional coverage, which now allows a home to be rebuilt green after a loss. Adding to the growing number of states they offer the coverage is now Oregon -residents who qualify for the Earth Advantage certified green home will receive new lower rates. Fireman’s Fund’s green insurance endorsement will rebuild and replace…
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