GEICO to pay millions in separate settlements | Insurance Business America Motor & Fleet GEICO to pay millions in separate settlements One case involves auto claims adjusters Motor & Fleet By Terry Gangcuangco GEICO is to shell out around $8 million to settle with auto claims adjusters and policyholders in two separate cases. In the … Read more
What are the hidden costs of extreme heat in California? | Insurance Business America Catastrophe & Flood What are the hidden costs of extreme heat in California? “Pioneering” report offers insights and wake-up call Catastrophe & Flood By Terry Gangcuangco California Insurance Commissioner Ricardo Lara (pictured) has released an in-depth report examining the uninsured and … Read more
National Western sale secures all approvals | Insurance Business America Life & Health National Western sale secures all approvals Deal expected to close no later than July 11 Life & Health By Terry Gangcuangco National Western Life Group has secured all necessary regulatory approvals for its sale to SUSA (S. USA Life Insurance Company), an … Read more
This post is part of a series sponsored by AgentSync. Salesforce is a powerhouse across complex industries, and insurance is no exception. Many carriers and agencies alike choose Salesforce as their client relationship management (CRM) system. For insurance carriers and agencies on Salesforce, the same qualities that make the platform a useful, versatile CRM and … Read more
This post is part of a series sponsored by IAT Insurance Group. This episode reveals three factors causing havoc on the trucking industry, particularly for independent truckers, and how they should balance cost-cutting measures while being adequately insured. This episode features IAT’s SVP of Independent Contractor Scott Miller and is hosted by SVP of Moving … Read more
This post is part of a series sponsored by TSIB. According to IBM’s 2023 Cost of a Data Breach Report, it’s estimated that data breaches cost businesses an average of $4.5M in 2023. Statista, shared that over 317M ransomware attempts occurred globally in 2023. Unfortunately, the rise of ransomware attacks in all industries is alarming … Read more
NORTHBROOK, Ill., June 26, 2024 – The Allstate Corporation (NYSE: ALL) will host a conference call and webcast at 9 a.m. Eastern on Thursday, Aug. 1, 2024, to discuss second quarter 2024 earnings. The company plans to file a current report on Form 8-K with the Securities and Exchange Commission announcing quarterly results at or … Read more
This post is part of a series sponsored by IAT Insurance Group. Cargo theft reached an all-time high last year — up 57% across North America alone.[1] Most commonly, these thefts are the result of an ongoing misdirection of attacks on shipments, called strategic cargo theft, where perpetrators use stolen identities from motor carriers and … Read more
This post is part of a series sponsored by AgentSync. One of the trickier aspects of compliance administration and producer management for carriers is maintaining producer appointments. Sure, if your carrier only works in one state, this can be a low lift – one set of rules to memorize and follow. But, for the carriers … Read more
Northbrook, Ill., June 25, 2024 – Every $1 spent on climate resilience and preparedness saves communities $13 in damages, cleanup costs and economic impact, according to a new economic study by Allstate, the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation. The study, “The Preparedness Payoff,” models 25 disaster scenarios ranging in damage and cleanup costs from … Read more