Tag: personal liability insurance

Wells Fargo personal insurance business to shut down in Q1 2018

H. Cutner
wells fargo personal insurance business exit

The firm announced its intention to exit this sector and will start phasing out marketing immediately. Wells Fargo & Co announced it will be leaving the personal insurance business and will start reducing its marketing in that area. The exit from that market should be complete at some point during the first quarter of next year. Until it has fully exited the personal insurance space, it will continue selling and supporting those products. The company has stated that it intends to keep making personal insurance products available until it completely…

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New law in Arizona may allow insured dogs to walk off-leash

New legislation has been proposed in Arizona that would allow pet owners to walk their dogs off the leash assuming that those animals are adequately insured. Lawmakers in the state are debating whether or not to let people who have insured their pets forgo the current leash laws and homeowner association rules because the coverage will pay for any injuries that could occur as a result of the behavior. Senator Lori Klein (R-Anthem) created the proposed legislation that would negate the current county ordinances that say that dogs on public…

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Super Bowl party hosts should review their insurance ahead of the game

Julie Campbell

Though many hosts of Super Bowl parties think that the main thing they need to remember is to have enough to eat and drink, there is one thing that they may be forgetting, which is to review their insurance so that they know who is responsible should their guests drink and drive. According to the Insurance Information Institute (I.I.I.) as the host of a party, it is not only considered to be appropriate and thoughtful to guests to make sure that guests who will be drinking can either stay over…

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Forms of insurance coverage not always considered by consumers

Though consumers are typically aware that they need homeowners’, renters’, and automobile insurance, there are other forms of coverage that can be offered by policies of which they may be entirely unaware unless they are highly knowledgeable about the various types of protection available. Some of them include: • Personal Electronic Equipment Insurance – this is a very practical insurance for consumers who have expensive electronic devices at home, such as televisions, audio equipment, or computers. It covers loss and damage and might even pay for repairs and replacement, depending…

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CICI Lombard and Bajaj Allianz announce new wedding insurance products

Julie Campbell

CICI Lombard and Bajaj Alliance insurance companies from India have announced that they are now offering a unique form of “wedding insurance” product. Though marriages are meant to be a dream come to reality, the truth of the matter is that they don’t all come to pass, and that there is a chance that they may need be stopped for any number of reasons. The insurers recognized this fact as an opportunity and developed a new product in which weddings could be insured against the possibility of postponement or cancellation…

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Is your dog’s breed to aggressive to be covered by your homeowners’ insurance?

Marc

For many years, dog owners and insurance companies have been battling it out over claims because some insurers maintain a restricted list of breeds that will not be covered by homeowners’ insurance due to a perception of their tendencies toward aggression. Since it is technically possible for a dog of any breed to bite hard enough to lead to an injury, legislation in many states includes a specific definition of what constitutes a dangerous dog, and regulations for maintaining that animal. This has made it possible for a dog to…

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Hurricane Irene spurs growth in wedding and event insurance

Julie Campbell

When Hurricane Irene made its way up the East Coast of the United States, it destroyed homes and businesses, ripped up trees, downed power lines, and disappointed many who had been preparing for important events such as weddings. The majority of couples who had intended to get married during the week of August 28, 2011, were forced to either cancel their weddings or at least postpone them until a later date. Hurricane Irene made the risk of this type of unforeseen event quite real to many other couples who have…

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