Author: Phil Gusman, Property Casualty 360 – Auto insurance consumers are bombarded with advertisements promising savings—and most who shop for coverage do indeed tend to choose the cheapest option—but more customers are beginning to feel they’re not getting quite the amount of savings they should, a study says. Customers Starting to Feel They’re Not Getting… Read More »
Thanks to our friends at Insurance Business America: “The freshly minted Federal Insurance Office (FIO) is making its first moves toward the auto insurance sector. In an April 10 notice posted to the Federal Register, the FIO announced it is undertaking a study to examine the affordability and availability of auto insurance to what it… Read More »
Today’s older drivers are not only less likely to be involved in crashes than prior generations, they are less likely to be killed or seriously injured if they do crash, a new Institute study shows. That’s likely because vehicles are safer and seniors are generally healthier. It’s a marked shift that began to take hold… Read More »
25 Risk-Conquering Ideas
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 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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