News – Insurance Journal
|Reinsurance Price Increases Support Improving Outlook for Sector: Fitch
Reinsurers’ plans to continue raising premium rates during the January 2022 renewals are likely to contribute to stronger profitability and an improving sector outlook, according to Fitch Ratings. Fitch said it expects double-digit percentage premium rate rises for property catastrophe …
POSTED OCTOBER 26, 2021 10:22 AM
|Parametric Insurer CCRIF Strengthens Belize Warning Systems for Extreme Weather
Parametric catastrophe insurer CCRIF continues to strengthen Belize’s early warning systems for rainfall and climate forecasting with a new grant of US$43,140. This grant brings CCRIF’s Belize contributions to US$143,000, which began helping the country purchase and install automatic weather …
POSTED OCTOBER 26, 2021 9:11 AM
|Australian Publisher Urges Government to Compel Facebook to Negotiate Content Deal
SYDNEY – A small Australian publisher is calling for the government to enforce a new law to compel Facebook Inc to negotiate a content deal, prompting the architect of the rule to say he was “concerned” about the social media …
POSTED OCTOBER 26, 2021 8:53 AM
|Southern Ontario Storms in September Cause Insured Damages of C$105M
Storms that hit southern Ontario on Sept. 7 and Sept. 22 caused C$105 million (US$84.9 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). These storms …
POSTED OCTOBER 26, 2021 8:11 AM
|Indiana Farm Bureau Offers $10K Reward for Information Related to Series of Barn Arsons
A reward is being offered as investigators try to find whoever has set at least a dozen barn fires at northern Indiana farms this year. The Farm Bureau groups in Elkhart, Kosciusko, St. Joseph and Marshall counties created a $10,000 …
POSTED OCTOBER 26, 2021 7:00 AM
|Allegations of Bias Against Kansas Law Enforcement Rarely Yield Sanctions
Kansas law enforcement agencies have received hundreds of complaints of bias over the past 10 years, but records available to the public show only two alleging racial bias resulted in consequences for officers, an Associated Press examination of the data …
POSTED OCTOBER 26, 2021 6:15 AM
|Texas Furniture Manufacturing Company Faces $247K in Fines for Exposing Employees to Amputation Hazards
The U.S. Department of Labor’s Occupational Safety and Health Administration said it has given MooreCo Inc., a Temple, Texas furniture design and manufacturing company, several opportunities to stop exposing its workers to amputation hazards, but an investigation into a recent …
POSTED OCTOBER 26, 2021 6:00 AM
|More ‘Missing’ Rolexes Turn Up; Owner Charged with Fraud
North Carolina authorities announced Monday that a Raleigh man has been charged with falsely claiming that two Rolex watches had been stolen, an apparent ruse to gain insurance payments. James Henry Weeks III, 47, was charged with insurance fraud and …
POSTED OCTOBER 26, 2021 5:24 AM
|People Moves: Villages, AXA Add Names
Villages Names New People The Villages Insurance Partners has added two new people to its team of personal line risk consultants. Mary Ann Schabowski will work out of the agency’s Spanish Springs office, specializing in home, auto, golf car, motorcycle …
POSTED OCTOBER 26, 2021 5:11 AM
|IMA Acquires Parker, Smith & Feek in Washington
IMA Financial Group is acquiring Washington-based Parker, Smith & Feek to expand its brokerage services in the Pacific Northwest, Alaska and Hawaii. The deal is effective Nov. 1. Terms were not disclosed. IMA’s acquisition of PS&F grows the agency’s team …
POSTED OCTOBER 26, 2021 5:00 AM
Progressive Agent Articles - Insurance Basics
|Auto Insurance Made Easy
Understanding insurance can often be like trying to learn a foreign language. Many find it confusing and intimidating. Fortunately, there's help. Here is a quick reference designed to help you understand some of the most common kinds of coverages. The reference was put together by The Progressive Group of Insurance Companies.
POSTED JANUARY 14, 2009 1:00 PM
|Fact or Fiction: Uncovering Auto Insurance Myths
Like a teenager eager to try a new video game, playing before reading the rules, many drivers buy insurance without really understanding what they're buying. In the rush to feel “covered,” they can skip the details. That can lead to frustration. Following are five insurance myths heard by some of the more than 13,000 claims people at Progressive, one of the country’s largest auto insurance companies.
POSTED FEBRUARY 12, 2009 1:00 PM
|Putting Insurance Companies to Work for You
Car insurance may be one of the last things that comes to mind when you think about saving time, but the insurance company you choose can actually have a big impact on your time should trouble strike.
POSTED MAY 06, 2009 1:00 PM
|Car Insurance Myths Debunked
Do red cars really cost more to insure? Is Comprehensive coverage really comprehensive? Should you and your neighbor be paying the same amount for car insurance? Leading car insurer Progressive debunks a few of the more widely held myths.
POSTED AUGUST 27, 2009 1:00 PM
|Six Steps To Take If You're In An Accident
Car accidents can wreak havoc on an otherwise peaceful day. Even if they’re minor, they can often create confusion. You might ask yourself, how should I react? What should I do? Leading car insurer Progressive offers these simple steps to follow after an accident.
POSTED NOVEMBER 05, 2009 1:00 PM
|Used Car Buying Tips
Before you buy a used vehicle, here are a few tips from leading car insurer Progressive to make sure you're getting your money's worth.
POSTED JANUARY 04, 2010 1:00 PM
|Cutting New-Car Costs
To help consumers control car costs—from sticker price to insurance premiums—The Progressive Group of Insurance Companies offers these tips.
POSTED MARCH 15, 2010 1:00 PM
|Four Questions To Get The Right Auto Insurance
Having the right type of policy can help ensure that you, your employees and your business are all protected in the unfortunate event that one of your vehicles is involved in an accident.
POSTED MAY 17, 2010 1:00 PM
|Take Action to Avoid Driving Distractions
It may seem harmless to answer a quick call, grab a bite to eat or let your dog ride in your lap when you're behind the wheel. But in 2008, accidents caused by distracted drivers injured about 515,000 people. It takes two hands, a sharp eye, and your full attention to safely drive your car. Anything that keeps you from doing so means you're driving while distracted, or "DWD."
POSTED OCTOBER 10, 2010 1:00 PM
|Smart Tips for Insurance Shoppers
When buying a car, there's more to consider than the make and model. Price, size, gas mileage—even the way it feels behind the wheel—affect your decision. You also should weigh your options when buying auto insurance. With many brands and features and price ranges out there, it pays to do your homework.
POSTED JANUARY 31, 2011