Personal Lines

The entire nation has seen a whirlwind of changes over the past four months and the insurance industry is no different. ITC shares insights into the impact of the coronavirus on personal lines carrier volumes.

Allianz Benefit Control Annuity is designed for people looking to catch up on their retirement savings goals but also want the flexibility to make changes to their contract if needed.

COVID-19 is a major health concern that is causing quite the economic downfall. In life insurance, major changes are expected in the coming months.

When it comes to homeowners insurance changes, “you will see coverage being reduced and added back in for a price,” says independent agent Brian Stauffenberg. “Premiums are increasing hand-in-hand with wind and hail claims.”

Here are three takeaways on how the coronavirus pandemic is impacting the home insurance industry.

As coronavirus forced homeowners to stay indoors and at home, it added yet another layer of complications to homeowners coverage among already complex home-usage patterns.

One lesson learned from the global coronavirus pandemic is that our homes are a place of refuge. And now more than ever, keeping homes safe and maintained is critical to our security and comfort.

In the past few years, the homeowners market has been dealing with the effect of some of the costliest hail events ever, multiple hurricanes, unexpected tornadoes, wildfires and a global pandemic.