The first quarter of 2017 proved particularly rough on homeowners and property and casualty insurers. They were all hit with some seriously expensive losses thanks to hail, tornadoes and ice to the tune of more than a third of a billion dollars. First-quarter underwriting results for Travelers Cos. worsened year-over-year as catastrophe costs jumped 9 percent to $347 million, while Allstate Corp. and others also reported the effects of storm-related claims ahead of their earnings…
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The Best Life Insurance Quotes and How to Get Them Anonymously
With various insurtech startups entering an increasingly sophisticated and competitive market, consumers may find themselves lured into buying “hype” over substance, and that’s where research comes into the equation when it comes to finding the correct life insurance policy – at the best price. So what questions do you need to ask yourself when you begin your search? We’re here for you… How much should I pay for a life insurance quote? Nothing. You shouldn’t pay for…
Read MoreInside Insurance Slang – Why You Don’t Need A Choke and Croak Credit Policy
As with all professions, practitioners develop a sort of shorthand or slang to describe the various elements of their day-to-day business. Sometimes the slang has a dark edge – and a nefarious intent. Take, for example, the phrase “robbing the coffin.” That little ditty refers to someone who has a relationship with a person considerably older than themselves – often in an effort to gain from life insurance policies of the soon-to-be deceased. Yet another…
Read MoreLatest News for Stroke Victims About Their Life Insurance
According to the American Stroke Association, a stroke occurs every 40 seconds on average. Stroke kills more than 150,000 people a year making it the third cause of death in the US.
Read MoreWill Self-driving Cars Be Self-insuring?
You’re not far from sharing the city streets and highways with “self-driving” cars, and aside the from the ethical and technological concerns, you’ll also have to worry about what will happen if one plows into you during your commute. Make no mistake, self-driving, autonomous cars are the future. While developers say self-driving cars will prove to be safer through their melding of sensors and analytical software, there’s one rule that applies to everything in this…
Read MoreStraight Answers to Every Single Question You Can Think of About Buying Life Insurance
When it comes time to take the first step toward purchasing life insurance to protect your family and your business, you’ll need some guidance. We’re committed to providing you rock-solid tips and in-depth information to make your insuring buying experience smooth like butter. Knowledge is power. Feel the power… Fundamentals of life insurance What’s covered and not covered on the modern life insurance policy? What is the difference between term and whole life insurance? What…
Read MoreYour Renter’s Insurance Just Got Cheaper in California
A consumer protection group recently helped review and enforce legislation in California which will impact renters and result in a drop in their renter’s insurance premiums by an average of 40.6% for an annual overall rate savings to consumers of $11 million. The drop in rates came as a result of action taken under Proposition 103, California’s insurance reform law which requires that insurers open their books and justify their home, auto and business insurance rates before…
Read MoreIf You’re Packing Heat Your Insurance Might Not Cover Your Guns
Did you know that many auto, homeowners and renters insurance policies have one little-known limitation? They don’t protect your guns from theft. Data from the U.S. Department of Justice Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) indicates that more than 170,000 guns were reported lost or stolen by persons other than federally licensed dealers in 2012, and according to survey research, at least 500,000 firearms are stolen annually from residences. The experts say the…
Read MoreInsurtech Company Fabric Aimed at Niche Marketing Life Insurance to Busy Young Parents
They call them ‘insurtechs,’ and the focus is on using the latest in data and AI technology to sharpen the competitive edge for life insurance companies. One of the hottest players in the game, Fabric, has targeted new and expecting parents. “Life insurance isn’t something you think about – or buy every day – and the existing system is built to take advantage of your confusion,” says Adam Erlebacher, a co-founder of Fabric. “You should…
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