Tag: insurance companies

Why Insurance Companies Can’t Stand Old Lead Water Pipes

Guest Author
potential significant health risk from the water, old lead pipes also come with an increased risk of cracks #homeowners #insurance

Insurance companies regularly remind homeowners and business owners of the downsides of old lead water pipes.  There are two main cautions homeowners insurance companies such as Allstate and State Farm, among others, address on their official blogs and social media accounts: The health risk of lead in the water The increased risk of broken or bursting water pipes leading to mold and flooding. Can You Get Lead Poisoning from Water? Lead is poisonous. It can enter your body through the water you drink or through your lungs when you breathe…

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Insurance companies urge policyholders to use these holiday disaster prevention tips

H. Cutner
Holiday disaster prevention - gas stove

This year may be different than others for many families, but the same care needs to be taken. Many gatherings this year will be much smaller than usual, but insurance companies want policyholders to remember that holiday disaster prevention is as important as ever. 2020 has been tough enough, this makes it all the more important to take action to keep everyone safe. Among the most important holiday disaster prevention strategies you can take are those that focus on keeping your home and family safe from fire. A Christmas tree…

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Insurance Companies Piling on the Losses During COVID-19. What are the Tax Implications for Them?

Guest Author
Industry leader fights fraudulent claims with new technology based tools

The novel coronavirus, COVID-19, was first discovered towards the end of December 2019. It is a zoonose. In other words, it jumped from an animal host, more than likely a bat, to a human host. Once in its human host, it evolved to the form that we now know and started spreading rapidly via person-person transmission. At least, this is how scientists presume COVID-19 originated. Unfortunately, very little is known about this virus, excepting the following three points: COVID-19 causes a respiratory illness that can either be mild or so…

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US lawmakers aim to stop DNA test results from access by insurance companies

Nordstrom
DNA test results - DNA - Gene - Cell

Millions of Americans are using services to examine their genetic backgrounds. Over 26 million people across the United States have used voluntary services to obtain DNA test results. Now, lawmakers are moving to protect those same consumers against a federal legal loophole. The legal loophole would permit certain insurance companies to connect customer genetic data. Florida lawmakers have already launched the first step to shut that loophole. The goal is to protect consumers from being required to provide their DNA test results if they do not want to. Using genetic…

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Nationwide small commercial insurance satisfaction highest in US, says JD Power

H. Cutner
Commercial Insurance - Customer Satisfaction

The insurer earned the highest ranking for overall customer satisfaction in a recent study. A new J.D. Power study has found that Nationwide provides the best customer satisfaction in small commercial insurance. This, according to the findings from the firm’s 2019 U.S. Small Commercial Insurance Satisfaction Study. This isn’t Nationwide’s first time receiving the title. In fact, the insurer has been the top small commercial insurance company for customer satisfaction two years in a row. The company also took the top spot for the claims and policy offerings categories. “Small…

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