Posted on July 16th, 2009 by Hot News Reporter
The year 2009 will be remembered by everybody because of the great turmoil in the global economy; it really has become one of the most difficult years with both companies and consumers suffering from heavy losses. Everyone wants to save money and starts to wonder what he could do to save. Some people quit smoking, while others no longer go out. I want to remind you that auto insurance is a way to save more money by lowering rates, something that many probably do not even think about when buying auto insurance.
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Filed under: Insurance Today
Posted on July 15th, 2009 by Hot News Reporter
MADISON, Wis. – Uninsured low-income adults in Wisconsin with no dependent children can now receive benefits under an expanded state health insurance program.
The BadgerCare Plus Core Plan covers primary and preventive care along with generic drugs for those qualifying adults. Wednesday marked the first day benefits could be received. Read more…
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Filed under: Insurance Today
Posted on July 15th, 2009 by Hot News Reporter
(News14) – North Carolina auto insurance rates will be rolled back to levels of about three years ago and frozen until 2011 under an agreement between the state insurance commissioner and the insurance industry.
State Insurance Commissioner Wayne Goodwin announced the rollback Wednesday and said the agreement includes $50 million in refunds for private passenger policies. Read more…
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Posted on July 10th, 2009 by Hot News Reporter
Progressive Corp.’s (PGR) second-quarter earnings rose 16% on investment gains and lower claims costs.
Shares rose 3.6% premarket to $14.95 as per-share profit topped analysts’ average expectation by 1 cent. Read more…
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Filed under: Insurance Today
Posted on July 9th, 2009 by Hot News Reporter
(BUSINESS WIRE) – The list of Ward’s 50 top performing insurance companies was released by Ward Group, an operational consulting firm and leading provider of benchmarking and best practices services to the insurance industry.
Annually, Ward Group analyzes the financial performance of over 3,100 property-casualty insurance companies and over 800 life-health insurance companies domiciled in the United States and identifies the top performers in each segment. This group is called the Ward’s 50 for the year. Each Ward’s 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed. The Ward’s 50 property-casualty group of insurance companies produced a 14.4% return on average equity from 2004 to 2008 compared to 9.9% for the property-casualty industry overall. The Ward’s 50 life-health group of insurance companies produced a 13.5% return on average equity from 2004 to 2008 compared to 6.4% for the life-health industry overall. Read more…
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Filed under: Insurance Today
Posted on July 4th, 2009 by Hot News Reporter
Allstate Insurance has recognized Dave Mlynarik, owner of the company’s Westfield office, with the Chairman’s Conference award for high standards in customer satisfaction, customer retention and profitable business growth.
The Dave Mlynarik Agency is among 6 percent of insurance agencies and personal financial representatives for Allstate nationwide to reach this level of achievement, based on sales for auto, property, commercial, power sports insurance and financial services. Read more…
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Filed under: Insurance Today
Posted on June 30th, 2009 by Hot News Reporter
Esurance, the direct-to-consumer personal auto insurance company, announced today that they have chosen HSG, the leading Property & Casualty insurance claims management company, based in Eau Claire, Wisconsin, as the sole provider to process all of their auto glass claim invoicing. HSG is one of the largest and most dynamic Third Party Administrators (TPAs) in the insurance industry – providing auto glass claim management solutions for insurance and fleet customers. Read more…
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Filed under: Insurance Today
Posted on June 29th, 2009 by Hot News Reporter
(Bloomberg) – U.S. property and casualty insurers, a group including American International Group Inc. and Allstate Corp., posted a record loss in the first three months of the year as investments slipped and claims exceeded premiums, an industry group said. Read more…
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Posted on June 22nd, 2009 by Hot News Reporter
Analyst downgrades Progressive amid expectations for rising losses, stock’s current valuation
Fearing a seasonal increase in losses and its current valuation, an analyst cut his rating Monday on property and casualty insurer Progressive Corp.
Friedman, Billings, Ramsey & Co. analyst Bijan Moazami cut his rating on Progressive to “Market Perform” from “Outperform” and lowered his price target to $17 from $19. Read more…
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Filed under: Insurance Today
Posted on June 17th, 2009 by Hot News Reporter
Buying car insurance is not an easy task to which all must face, of course unless you have been trained in this area. There are many mistakes that can lead to the loss of your money and time, and as a result you get car insurance that will not fit you or does not make a coverage that is suitable for you.
It should be very cautious and it is important to conduct a study of insurance market, carriers, before making any firm decisions purchasing policy. This article will help you take that essential first step to buy auto insurance. Read more…
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Filed under: Insurance Today