A driver crashes his vehicle into an insured’s home. The driver’s auto insurer informs the homeowner and their agent that they will pay the claim for the damage to the home on an actual cash value basis, then advises the homeowner to submit the claim to t
The more satisfied independent agents are with a carrier, the more business they will write with that carrier. But according to the J.D. Power 2019 U.S. Independent Insurance Agent Satisfaction Study℠, carriers are leaving a lot of money on the table.
As a result of the record storm surge, flooding extended well beyond FEMA’s designated Special Flood Hazard Areas into territories where purchasing flood insurance is not mandatory.
Recently, Travelers announced a new collaboration with Amazon to create the insurance industry’s first digital storefront, offering smart home kits and homeowners insurance at discounted prices.
Six of the 10 largest wildfires in California’s history occurred in the past decade, and nine of those 10 happened this century. The effect on the Golden State’s homeowners insurance market has been nothing short of cataclysmic.
Nationwide recently announced its intention to shift entirely to an independent agency distribution model. IA spoke with Amy Shore, president of P&C sales & distribution for Nationwide, about what the transition will look like at the agency and company le
Recently, American Family Insurance Group and The Main Street America Group announced they are pursuing a merger. IA talked with Tom Van Berkel, Main Street America’s chairman, president & CEO, about the merger and what it means for independent agents.
In catastrophe-exposed areas, some homes are experiencing rate increases as high as +15% heading into the New Year.
Lemonade, the world’s first self-described peer-to-peer insurance company, launched in New York state, offering renters and homeowners policies on its own paper. Here’s why it’s the “oldest new idea in insurance.”
Many homeowners lack adequate insurance coverage, do not fully understand their homeowners policies and do not have enough savings to support their households in the event of a disaster, according to a new survey.
