Property/casualty insurers are making sweeping changes in their loss prediction practices, increasing the use of computer modeling programs in every line of business. But less than half of the companies inform their agents of these changes in a timely manner. This, in a new survey from Towers Watson. “That could be a major problem for agents, said Klayton Southwood,… Read More »
The Oskaloosa Herald OSKALOOSA, IA — With rising gas prices, many motorists may look at alternative modes of transportation. The Oskaloosa Municipal Code does permit the use of golf carts on public streets, but as with motor vehicles, there are ordinances that govern their use on city streets. Golf carts must have: – See more at: … Read More »
On March 21, 2014, President Barack Obama signed the Homeowner Flood Insurance Affordability Act of 2014 into law. This law repeals and modifies certain provisions of the Biggert-Waters Flood Insurance Reform Act, which was enacted in 2012. To a large extent, this bill limits the large, but otherwise, actuarial sound premium increases mandated by Biggert-Waters and now… Read More »
The recent Rain and Hail L.L.C. April Newsletter discusses some items related to USDA governed cover crops. The NRCS has put together Cover Crop Termination guidelines which supersede what is in their newsletter and provide further clarification. Please refer to the attached information for more details. NRCS Cover Crop Termination Guidelines Non-Irrigated Cropland
Click -this link- to view FirstComp’s Spring Newsletter, for information relating to workers compensation insurance.
We sell all types of property and casualty insurance for vehicles, homes, farms, crops and businesses of all kinds. Close to sixty-five percent of our sales volume is commercial, thirty-five percent is personal and we currently do not market life or health insurance.
The short answer is: Choose the largest deductible with which you are comfortable that will significantly reduce your premium. Each of us has a different tolerance for risk which is reflected in our buying decisions, not just insurance deductibles. Due to inflation of the U.S. dollar, the ‘standard deductible’ has risen from $100 (or even… Read More »
Choose a “Trusted Choice” Independent Insurance Agency. They own and operate a business within your community. Their local interests more nearly represent your interests. Their personnel will know you personally and value you as a customer. They can offer you choices. They maintain independent contracts with insurance carriers and are not captive to any one company. You can save… Read More »
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You are probably referring to the size of that last round of storm-created property rate increases. As Albert Einstein once said: “Everything is relative.” The perceived size of your increase is relative to when in the storm cycle you were blessed with the increase. That is, whether you were first or last. It may be that… Read More »