Tag: insurance organization

Customer retention is a top priority for the insurance industry

Note From The Editor
business agent mobile insurance industry

Economic crises has insurers shifting their priorities Though the peak of the global economic crisis may have passed, many people throughout the world are still reeling from the catastrophe. As such, many people have become much more leery of the insurance industry than they were in the past, and this is leading to problems concerning customer retention. Consumers are not the only victims of the economic crisis, of course, as businesses have also suffered to some degree. This is true for insurance companies as well, many of which have become…

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Connecticut Insurance Department teams with the German Federal Financial Supervisory Authority to protect consumers

Nordstrom

The Connecticut Insurance Department has entered into a new agreement with the German Federal Financial Supervisory Authority in order to better supervise an insurance organization that does business in both Germany and the U.S. The agreement is the second between the two entities in the past three months. Insurance Commissioner Thomas Leonardi believes that ensuring the financial stability of insurance companies is vastly important to the protection of consumers. Regulation, according to Leonardi, is the best way to keep insurers from making costly decisions that could compromise the economy. As…

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Study shows that millions of Americans drive drunk each year

S.Vagus

– Could spur new drunk driving and insurance laws in Florida. A new study from Online Auto Insurance, an insurance organization that conducts regular research on a variety of issues facing the insurance industry, shows that millions of U.S. motorists drive drunk every year. The study highlights the need for stricter laws regarding drunk driving and notes that the sheer number of people driving under the influence of alcohol may be driving up insurance prices. The study corroborates findings from a recent report from the Centers for Disease Control and…

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Do associations truly offer the best insurance rate discounts?

An investigation by Consumer Reports has shown that while some policies that are quoted through associations – AARP, for example – are often cheaper than rates quoted without a membership, many quotes received through associations are more expensive. Although many people automatically assume that they will be receiving a better price by receiving a quote through their membership with an organization, alumni association, or other group, this is not always the case. There may be perks to the membership, but this does not always include cheaper insurance. Consumer Reports gave…

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