Online options have become highly important to consumers interacting with their insurers. While the importance of digital insurance features was already on the rise by 2019 and earlier, the pandemic has accelerated this trend. Customers have come to view online features as a necessity instead of a convenience. According to recent data, agencies that have adapted to this requirement and that have offered the best digital insurance options have experienced a substantially higher growth rate than their non-digital competition. In a recent survey of 600 independent agents in the United…
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Allstate and Liberty Mutual provide Lyft driver insurance in several states
The insurers are offering coverage to the rideshare company’s drivers in states including California. Lyft driver insurance is now available in a handful of different states through Allstate and Liberty mutual, including in California and Texas. Effective as of the start of this month, Allstate has started selling this commercial auto coverage. October 1 brought Allstate’s Lyft driver insurance to California Iowa, Indiana, Kansas, Kentucky, Missouri, Ohio and West Virginia. The policies are issued by an Allstate subsidiary called North Light Specialty Insurance Co and are managed by Allstate Business…
Read MoreBest Companies for Different types of Auto Insurance
You HAVE to own auto insurance coverage. It’s the law. But, it’s not in the law books you have to pay a ton for your plan. Just because you have to have a policy doesn’t mean you have to pay a ton for your coverage. Every carrier and policyholder is different. Some carriers are better prepared for some situations than others. You need a carry which partners up with Motorcycle Coverage – Progressive Motorcycles are a whole different beast when it comes to auto insurance. They have different requirements and…
Read MoreForrest T. Jones Launches New Insurance Plan for Accountants
Forrest T. Jones & Company Launches National Professional Liability Insurance Program Kansas City, MO – Forrest T. Jones & Company (FTJ) announced today that it has completed an agreement with Liberty International Underwriters (LIU) to serve as the Program Administrator for LIU’s national accountants’ professional liability insurance program for accounts with annual revenues up to $5 million. FTJ will market, underwrite and administer the program under its ProDefenderTM product line, issued by Liberty Insurance Underwriters Inc. The program will be offered to eligible accounts on an admitted basis in all…
Read MoreHome Depot serves as a reminder of the importance of cyber insurance
Retailer falls victim to a major data breach that could have compromised consumer financial information Home Depot recently announced that it had fallen victim to a data breach that may have compromised the financial information of customers visiting 2,200 of its stores located in the U.S. and Canada. The company suggests that there has not yet been any evidence that this financial information has been compromised. The attack on Home Depot again highlights the growing importance of cyber insurance. This form of insurance coverage may not be able to stop…
Read MoreThe Most Comprehensive Insurance Telematics Conference & Exhibition
Telematics Update: 60+ Insurers including Progressive, Allstate, USAA and Liberty Mutual Already Confirmed to Attend Insurance Telematics USA 2013 Telematics Update has announced that with a month until the Insurance Telematics USA 2013 Conference (4-5 Sept, Chicago), 67 underwriters, pricing, marketing and product directors from leading insurance companies such as American Family, Farmers, State Farm and USAA have already signed-up to attend. Over the past 13 years, Telematics Update has built an in-depth knowledge on all things telematics, focusing on how these technologies can be utilized by the insurance space.…
Read MoreHomeowners insurance providers fleeing New York markets
Hurricane Sandy continues to have an impact on homeowners insurance Homeowners insurance in the U.S. has been in a tumultuous state since the impact of 2012’s Hurricane Sandy. More than six months after the storm struck the East Coast, the homeowners insurance sector continues to reel from the damage that had been caused by the catastrophe. In recent months, the states affected by the storm have garnered relatively little attention, but New York officials are beginning to voice their concerns regarding the recent actions of some insurance providers. New York…
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