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The Most Comprehensive Insurance Telematics Conference & Exhibition

August 16, 2013April 19, 2014 Guest Author

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.…

Homeowners insurance providers fleeing New York markets

June 28, 2013June 26, 2013 S.Vagus

New York power outage from Hurricane Sandy- Homeowners Insurance fraud Coverage

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…

Homeowners insurance companies are already responding to Hurricane Sandy claims

November 4, 2012November 4, 2012 H. Cutner

Insurers are deciding whether or not to dispatch mobile claims units. Following the superstorm, homeowners insurance companies are already working to respond to the claims that have already started pouring in, including the decision as to whether or not mobile claims units will be justified and required. They want to process as much as possible before others return to their homes to see the damage. There are still some customers who live in regions where they are not yet able to go back to their homes in order to see…

Liberty Mutual highlights underpricing as a serious problem

July 28, 2012April 30, 2013

Insurer takes aim at the problem of underpricing in the commercial market Liberty Mutual, the third largest property and casualty insurer in the U.S., expects the price of the country’s commercial insurance lines to continue to grow, but not at an adequate pace to resolve some of the problems running rampant in the insurance industry. Liberty Mutual CEO David Long notes that underpricing has been a significant problem in commercial lines for some time. Underpricing has had a particular impact on the worker’s compensation sector. There may be a solution,…

Liberty International Underwriters launches three new cyber liability insurance products to protect consumers and companies from attack

February 14, 2012May 5, 2013

Liberty International Underwriters, a specialty lines division of Liberty Mutual Insurance, has announced that it will be providing three new cyber liability products. Insurers are beginning to take the risk of cybercrime seriously, especially as more hackers become more brazen in their attacks on companies and government institutions. While companies face the potential for major losses as the result of cybercrime, consumers are the ones that are affected most by attacks. Identity theft is rampant in the world of technology, and many have found their sensitive financial information compromised due…

Key Lime Interactive performs study on leading mobile presences by American car insurance companies

December 13, 2011May 6, 2013

Key Lime Interactive (KLI) – a firm that is widely known in the industry as a top tester of the mobile commerce experience – has announced the results of the second level of their renowned review of competing top American car insurance companies. The study was performed in November 2011, and gave the top place for Best Mobile Website to State Farm Insurance, while USAA received the top position for the Best Mobile App. Many different elements of the mobile experience were examined by KLI, particularly those parts of the…

Allstate acquires Esurance and Answer Financial for $1 billion

October 10, 2011May 8, 2013

In another of Allstate Corp’s efforts to become a larger part of the online insurance marketplace for consumers who prefer to use the internet for their insurance transactions, the company has acquired Answer Financial and Esurance from White Mountains Insurance Group Ltd. for $1 billion. Allstate, a leading national home and auto insurance company based in Northbrook, has stated that it will be maintaining the Esurance headquarters in San Francisco, and that Answer Financial will remain in Los Angeles. As a result of this deal for the online auto insurance…