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American Family Insurance To Return $200M To Auto Customers

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As the COVID-19 pandemic continues to dramatically alter driving habits and create financial uncertainty for individuals and families across the country, American Family Insurance will return approximately $200 million to its auto insurance customers. Telisa Yancy Chief Operating Officer American Family Insurance. The premium relief will come in the…

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As millions of Americans shelter in place, work from home, or face business closures and layoffs, the number of cars on the road has fallen precipitously and, as a result, the number of daily car accidents will diminish dramatically, consumer groups say.

Loss of income coverage can make the difference between your client’s business continuing in the aftermath of a disaster or shutting down.

The managing general agent channel is growing faster than the property/casualty industry as a whole, according to a study.

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“We anticipate that the 2020 Atlantic basin hurricane season will have above-normal activity,” the forecast said. Meteorologist Phil Klotzbach and other experts from Colorado State University– among the nation's top seasonal hurricane forecasters– predict 16 named tropical storms will form, eight of which will become hurricanes. The Atlantic hurricane…

Rogers County Emergency Management Director Scotty Stokes offered recommendations for how families can get prepared, stay informed, take shelter and stay safe as tornadoes roll through. “With the saturated soil that we have right now, the rivers and creeks are already full, the lake is already full, they are releasing water from Oologah Lake to try to maintain…

–Some travel insurance policies provide coverage that may pay for costs that consumers cannot recover when trips are cancelled. On March 25, 2020, the Canadian Transportation Agency updated its endorsement of the use of vouchers or credits as an appropriate approach for Canada’ s airlines as long as these vouchers or credits do not expire in an unreasonably…

New York, April 1, 2020 – Marsh, the world’s leading insurance broker and risk adviser, today announced that Marsh &…

The U.S. Department of Agriculture's Risk Management Agency has issued the following news release:. USDA's Risk Management Agency is authorizing additional flexibilities due to coronavirus while continuing to support producers, working through Approved Insurance Providers to deliver services, including processing policies, claims and agreements.

The U.S. Department of Commerce's National Institute of Standards and Technology issued the following news:. A new online tool from the National Institute of Standards and Technology could streamline this process and help decision makers invest in cost-effective measures to improve their community's ability to mitigate, adapt to and recover from…

Mar. 24– When Bryan Bush heard his five video poker truck stops were being shut down as part of an effort by the state to control the spread of the coronavirus, he reached out to his insurance agent to see about making a claim on his business interruption insurance policy. “My income just stopped,” said Bush, who owns truck stops in Port Allen, Donaldsonville, St….

–The Upton Group, LLC a leading national insurance agency specializing in food delivery insurance is calling upon the federal government to develop an insurance program to fill a void in coverage that the current worldwide pandemic has exposed in the insurance industry, which affects all businesses but is especially hard on restaurants and other small…

GUNTERSVILLE, Ala., March 24, 2020 /PRNewswire/ — The Upton Group, LLC a leading national insurance agency specializing in food delivery insurance…

Mar. 24– Realtor Stacey Middleton went out last week “masked and gloved” to look at a house in West Philadelphia with a client. “People who are home and would like to buy because of the low rates, we've actually seen an uptick,” said Middleton, a sales associate with Berkshire Hathaway HomeServices and Fox& Roach Realtors based in Newtown Square, Delaware County.

Consumer groups say drivers are staying home more with public pandemic concerns, and should pay lower insurance rates.
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As millions of Americans shelter in place, work from home, or face business closures and layoffs, the number of cars on the road has fallen precipitously and, as a result, the number of daily car accidents will diminish dramatically, consumer groups say.

Compare-autoinsurance.org has launched a new blog post that presents the most common car insurance claims. For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/the-most-common-auto-insurance-claims-in-the-united-states/. Many drivers can have questions regarding on what car insurance claims are more…

The National Association of Insurance Commissioners issued the following news release:. The National Association of Insurance Commissioners announced the release of its 2016/ 2017 Auto Insurance Database Report, which provides the average costs associated with personal automobile insurance nationwide. Developed by the Casualty Actuarial and…

The American Property Casualty Insurance Association issued the following news release:. Families and communities across the United States should prepare now in the event they are impacted by severe weather such as flooding, hail, tornadoes, and windstorms. “Everyone tends to get spring fever in March, but Mother Nature generally likes to pack a few more…

Insure.com, a provider of information on life insurance, home insurance, health insurance and auto insurance, issued the following news release:. Insure.com surveyed more than 1,200 millennial auto insurance customers on the top 20 car insurers to find out which auto insurance companies are best at meeting those drivers' needs. We asked their opinion about:.

–The coronavirus outbreak has been declared a global pandemic by the World Health Organization. Squaremouth launched the Coronavirus Pandemic Travel Insurance search feature to help travelers search and compare policies that may provide coverage for the coronavirus. Cancellation Coverage For Illness and Quarantine As of March 11th, 2020, three travel…

WILMINGTON— Plan to get your business, school or child-care provider to participate in a Statewide Tornado Drill on Wednesday, March 25 at 9:50 a.m.. Now is the time to prepare for severe spring weather, said Clinton County EMA Director Thomas Breckel and Wilmington Police Chief Ron Cravens. The most significant event was a tornado outbreak on May 27-28,…

Our review of the top twenty-five insurers in Tennessee writing each line of insurance leads Demotech to believe that meritorious claims associated with the damage and destruction to homes and buildings will be settled professional and promptly, “says Joseph L. Petrelli, President, Demotech. In 2018, companies wrote $2.1 billion of homeowners direct…

“It hit so fast, a lot of folks didn't have time to take shelter,” Putnam County Mayor Randy Porter said. One twister wrecked homes and businesses across a 10- mile stretch of downtown Nashville. Another tornado damaged more than 100 structures along a 2- mile path of destruction in Putnam County, wiping some homes from their foundations and depositing the wreckage…

President Trump will visit Tennessee on Friday to view damage from deadly tornadoes and meet with local officials. The president said Tuesday he will visit the Nashville area after storms killed at least 19 people. “We're working with the leaders in Tennessee, including their great Governor Bill Lee, to ensure everything is done properly,” Mr. Trump said while…

It features Peter Schifrin, president and chief executive officer of Schifrin, Gagnon& Dickey, Inc., a claims investigation, adjustment and administration company. Schifrin, Gagnon& Dickey, Inc. is a qualified member of Best's Insurance Professional Resources, a claims industry resource that has featured qualified legal counsel, independent insurance…

AM Best expects the financial performance of the U.S. property/casualty industry to show improvement for 2019, with results benefiting from a lower level of catastrophe losses and an improving rate environment in key lines, particularly short-tail property lines, according to AM Best’ s 2020 Review/Preview market segment report.. These lines are expected…

State Farm Mutual Automobile Insurance, Bloomington, Illinois, has been assigned a patent by two co-inventors for a “system for reducing vehicle collisions based on an automated segmented assessment of a collision risk.” The co-inventors are John A. Nepomuceno, Bloomington, Illinois, and Rajiv C. Shah, Bloomington, Illinois. The full-text of the patent can be found…

Several consumer groups had protested the settlement as too lenient in light of PG&E's destruction, and the California Public Utilities Commission agreed after further review. “We recognize our fundamental obligation is to operate our system safely and we share the same objectives as the Commission and other state leaders— namely in reducing the risk of…

–The coronavirus outbreak has reached almost every continent, leading to reports of an impending global pandemic. Travel insurance comparison site, Squaremouth, urges nervous travelers not to rush to buy a policy now, and explains the only type of coverage that can still help. Pandemic Declaration Doesn't Trigger Cancellation Coverage By the time an event…

Net written premium for the three months ended December 31, 2019 was $9.751 billion, an increase of $345 million or 3.7% over the same period in 2018. Pre-tax operating loss before partnerships, limited liability companies and other equity method income for the three months ended December 31, 2019 was $417 million versus pre-tax operating income before…

The Council of Insurance Agents and Brokers issued the following news release:. The market continued to harden in Q4 2019, according to The Council of Insurance Agents& Brokers' quarterly Commercial Property/Casualty Market Survey. “Q4 was a difficult quarter for insurers, brokers and clients alike,” said Ken A. Crerar, President/CEO of The Council.

Health chain Adventist Health is also seeking at least $1 billion for losses from its heavily damaged hospital in Paradise, and lawyers could try to take up to a third. Victims are also upset that half the settlement, or $6.75 billion, would be paid in stock from PG&E, the company responsible for ruining their lives. Gavin Newsom to follow through on threats of a…

Feb. 22– MANKATO– The National Weather Service is predicting an elevated threat for spring flooding in south-central Minnesota. With water-filled soil, a decent snowpack and already high rivers and lakes, the NWS is warning the flood risk will be high. John Mayberry, of State Farm Insurance in Mankato, said there has been more interest in flood insurance in recent…

When recent heavy rains swelled a private Mississippi lake and began eroding its earthen dam, Yazoo County Emergency Management Director Jack Willingham was scrambling for a plan. It's one of more than 1,000 dams in Mississippi that remain unclassified because of a backlog of work for state regulators. It found 259 such dams in Georgia, 111 in Mississippi and…

Feb. 20– RICHLANDS, Va.– Skies were sunny Wednesday as volunteers cleared debris away and started the repairs needed to help Tazewell County residents start recovering from the damaging flood of early February. Volunteers converged early that morning at the Richlands Police Department to learn what needed to be done and get their work assignments for the day.

Feb. 19– With an insurance crisis causing widespread disruption throughout the state, California regulators rolled out legislation that would force insurance companies to offer coverage in areas where communities and property owners have “hardened” their homes against wildfire risk. He said the shortage of affordable coverage is hurting economies in…

The Florida Office of Insurance Regulation issued the following news release:. -Policyholders will have guaranteed access to insurance coverage from Homeowners Choice Property and Casualty Insurance Company. On Thursday, February 13, 2020, Florida Insurance Commissioner David Altmaier signed a Consent Order approving a plan for Homeowners Choice…

Feb. 18– Louisiana Insurance Commissioner Jim Donelon said Monday auto insurers charge widows more not because their husbands died, but because they are single. It is not because you are widowed, “Donelon told a reporter, Sue Lincoln, whose husband recently died and asked about an increase in her personal insurance rates. Single women pay higher premiums for their…

Last week's flooding caused at least $2.3 million in damage to two Southwest Virginia counties, according to preliminary estimates from the Virginia Department of Emergency Management. Last week's flooding caused at least $2.3 million in damage to two Southwest Virginia counties, according to preliminary estimates from the Virginia Department of…

–Travel insurance comparison site, Squaremouth, explains why travelers concerned about the coronavirus should not purchase a new travel insurance policy for an existing trip. Don't Pay for a Policy That Won't Cover Concerns The biggest concern of travelers is being able to cancel a trip due to fear of contracting the coronavirus either during travel or at…

Minnesota is still in the grip of winter, but already experts are warning that the conditions are ripe for significant spring flooding. “I would err on the side of protecting yourself,” said Mark Seeley, former extension climatologist at the University of Minnesota. Minnesota ended 2019 as the wettest year on record, leaving the ground saturated and rivers high…

Nearly four years after the Federal Emergency Management Agency denied multiple requests from then Gov. “Both times we wrote to FEMA we didn’ t have enough complaints,” Debbie MacCoy, who owns a condo with a failing foundation, said.“ We didn’ t hit the criteria of magnitude, knowing the economic impact and we didn’ t know the cause. Ned Lamont last year urging him to pursue…

Newsom's lawyers told U.S. Bankruptcy Judge Dennis Montali they want to grill PG&E about the company's plans to borrow billions of dollars and sell more stock to help pay the $13.5 billion owed to more than 75,000 victims of catastrophic wildfires ignited by the utility's equipment and negligence. PG&E also is raising money to pay another $12 billion for…

Feb. 10– PG&E Corp. is asking for more rate hikes as it continues to wrestle with the fallout from California's devastating wildfires and the risks of new fires. “This really goes to us taking action to build a more climate-resilient network,” said PG&E spokeswoman Lynsey Paulo. If the PUC grants the requests in full, PG&E's electric rates would increase $9.10 a…

Last year, nearly 40 percent of GEICO associates in Macon received promotions for their efforts to provide quality service to GEICO’ s ever-growing policyholders. GEICO associates are offered the Total Rewards Program, with a wide range of benefits, including a health benefits package, retirement and finance options and continuing education opportunities.

I strongly support H.688, Vermont's Global Warming Solutions Act. Vermont cannot rely on the federal government to take climate action. Since taking office in 2017, I've made it a priority for Vermont to challenge these rollbacks.

The meeting at the Davison County Fairgrounds in Mitchell reviewed updated floodplain mapping and the draft mapping results, as well as the next steps in updating the FEMA floodplain maps. At center, Stephanie DiBetitto, a Floodplain Management and Insurance Manager for FEMA Region 8, talks about floodplains during a Davison County Flood Risk Review meeting…

“Many at Team Lemonade, myself included, are devoted pet parents, so we decided to build the dream pet health insurance product for our best friends,” said Shai Wininger, COO and co-founder of Lemonade.“ Many of us think of our pets as family members, yet so few of us take the important step of getting them health insurance. More than two-thirds of Americans are pet…

Feb. 3– The frequency of FEMA- reported natural disasters within the state of Washington has nearly tripled since 2000, according to a recent study. Between 2000 and 2017, Washington saw 61 natural disasters, according to an analysis by insurance comparison website QuoteWizard, which looked at FEMA natural disaster data for the report. That tied with New Mexico…

Anticipated reinsurance rate increases for Florida- specific property insurance companies in the upcoming June 2020 renewal period potentially could pressure the more thinly capitalized companies in the market, according to an AM Best commentary. The reported loss creep in part has been influenced by social inflation in the Florida market, resulting in…

COVENTRY, England, Jan. 30– The University of Warwick issued the following news release:. A' great' space weather super-storm large enough to cause significant disruption to our electronic and networked systems occurred on average once in every 25 years according to a new joint study by the University of Warwick and the British Antarctic Survey.

The contradictory scenarios unfolded during a PG&E court hearing in San Francisco and an event in Sacramento, where the Democratic governor reiterated his staunch opposition to PG&E's current plan for climbing out of a financial hole because of its liability for catastrophic wildfires in 2017 and 2018.. PG&E's bankruptcy plan requires support from the…

—The head of a company involved in a massive explosion in Houston that killed two workers and injured 20 others on Tuesday backtracked on a pledge he had made earlier in the day to fix the hundreds of structures damaged by the blast. John Watson, who is the CEO of Watson Grinding and Manufacturing, had told KTRK-TV on Tuesday,“ I will repair all the damaged homes…

–In response to the Coronavirus outbreak, The Center for Disease Control has issued a Level 3 Warning and the U.S. Department of State has issued a travel advisory for the affected destinations. Popular Attraction Closures Not Covered Reason to Cancel Travelers with visits planned to unaffected areas in China may still feel the effects of the outbreak, due to…

Superstorm Sandy wasn't even considered a hurricane when it drowned New York City in 2012, and 2005' s Katrina was a Category 3 despite a punch that cleaved homes from foundations along the Gulf Coast, but a new scale proposed by a leading researcher would have elevated the systems to a 4 and 5, respectively, ahead of landfall. Colorado State University scientist…

There are no structural issues with the levee along the Plymouth and Hanover Township/ Wilkes-Barre stretches, a spokesman for the Federal Emergency Management Agency stressed. “However, the purpose of these meetings was to start the conversation on options the Luzerne County Flood Protection Authority and the communities of Plymouth, Wilkes-Barre and…

Jan. 22– Folsom Dam sits at the edge of the foothills above the Sacramento Valley, offering California's floodable state capital region critical protection. But several scary winter storms in the 1980 s and 1990 s– as well as one two years ago that threatened to puncture nearby Oroville Dam– have shown Sacramento and California that its flood control network…

The rapid growth in the number of animal owners in the past decade across the globe, especially in the US, Canada, the UK, and Sweden, where dogs and cats are treated as a family members is expected to influence the market significantly. The increasing popularity of pet humanization concept is increasing the demand for pet grooming and care products.

–Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches its Weather, Climate& Catastrophe Insight: 2019 Annual Report. Of that total, private sector and government-sponsored insurance programs covered USD71 billion of the total– six percent above the century average but…

–The outbreak of a mysterious new Coronavirus in China and other Asian countries is causing hundreds to fall ill and has travelers questioning if it is safe to visit the affected areas. Travel insurance comparison site, Squaremouth, warns travelers that even though they can purchase a policy now, it might not provide all the coverage travelers are looking for.