Live Insurance News

Why Allstate Is Dodging Florida and California in Its Expansion Plans

November 4, 2024November 3, 2024 Nordstrom

Allstate’s New Focus Does Not Include California and Florida In a significant strategic move, Allstate is positioning itself to capitalize on growth opportunities in the homeowners insurance market by focusing on lower-risk areas, consciously steering clear of Florida and California. This decision aligns with the company’s commitment to maintaining profitability while navigating the increasing challenges posed by severe weather events and inflation. Navigating the Risk Landscape Allstate’s decision to avoid expanding its homeowners insurance market share in Florida and California stems from the heightened risk of weather-related losses in these…

Google insurance shopping site to launch in California

March 9, 2015March 7, 2015 G. Turner

The internet giant has now finally announced the beginning of its long awaited and expected website. The industry in the U.S. has been antsy to see what the start of the Google insurance offerings would bring to the shopping experience, and the wait has finally come to an end, as the internet giant has revealed that it will be launching its website, to start, in California. A U.S. version of the company’s Google Compare auto insurance comparison and policy shopping site will soon arrive. That service launched in the U.K.…

Google insurance sales online may be tougher than expected

February 24, 2015February 21, 2015 Julie Campbell

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Overstock CEO Patrick Byrne predicts greater challenges for the internet giant than had possibly been predicted. The Google insurance news was enormous when the internet giant announced that it would be stepping into sales in that market, earlier this year, but it could be that it will be facing larger challenges than had been predicted. It could be that the massive search engine company may find itself facing similar struggles to other comparison sites. Comparison sites have been nervous as they wonder if all of their hard work would be…

Insurance agents could see greater struggles from online selling

January 23, 2015January 20, 2015 Julie Campbell

The internet is starting to show the areas in which these industry pros could be threatened. The internet has had a history of turning jobs that used to be completed by people into tasks that could be finished in a few seconds by an algorithm or two, and now insurance agents are wondering whether that same fate could be headed in their direction. The insurance industry is seeing a massive shift toward informing consumers and selling online. Companies are introducing massive websites that promote various products, provide additional information about…

Auto insurance available through Walmart in Ohio

September 19, 2014September 19, 2014 G. Turner

The massive retailer has now expanded its online car coverage into the state for the first time. As of this week, the largest retailer in the world has expanded its service for selling auto insurance online into the Ohio, to bring its total number of states where it offers the coverage to eleven. Walmart first launched the service for the first time back in May, and it has been expanding it steadily. The auto insurance program is being run through AutoInsurance.com and it gives consumers the opportunity to conduct a…