Progressive Auto Insurance Rates to Decrease in Louisiana

Original source: https://youtu.be/ir1DzC5BV0Q

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KATC (06/07/19)

In a meeting with KATC, Louisiana Insurance Commissioner Jim Donelon said Progressive Auto Insurance filed for a 2.2% rate reduction, the next company to lower car insurance rates in the country. “They just asked for 2.2 percent, but State Farm failed their 7.7percent in three snacks over a 15-month period of time,” said Donelon, adding history shows those rates might go much lower. “They’re still putting their foot from the water , and hopefully we’ll see additional reductions in the near future.” Related Story: Why Greater Baton Rouge Business Report… Read More

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Original source: https://youtu.be/ir1DzC5BV0Q

Our intent is to access the internet everyday to reach out to you to understand to the need of having a Property Damage Adjustment Consultant on your side. Take a minute to read this story we located.

KATC (06/07/19)

In a meeting with KATC, Louisiana Insurance Commissioner Jim Donelon said Progressive Auto Insurance filed for a 2.2% rate reduction, the next company to lower car insurance rates in the country. “They just asked for 2.2 percent, but State Farm failed their 7.7percent in three snacks over a 15-month period of time,” said Donelon, adding history shows those rates might go much lower. “They’re still putting their foot from the water , and hopefully we’ll see additional reductions in the near future.” Related Story: Why Greater Baton Rouge Business Report… Read More

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NC Mutual Was Once a Titan of Durham's Black Wall Street. Its Future Is Up in the Air

Original source: https://www.newsobserver.com/news/business/article231248498.html

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Raleigh News & Observer (06/06/19) Eanes, Zachery

North Carolina Mutual Life Insurance Co. is now under”rehabilitation” from the country’s Department of Insurance (DOI), that eliminated the corporation’s leading executives from daily operations and whose officials are now making decisions to the business. The rehabilitation process has been ongoing for several months. The DOI’s general counsel, John Hoomani, claims that the division is”looking for somebody who can infuse sufficient capital to deliver it from rehab such it can keep on operating. Apart from that, we’re unable to offer you any more details at this time.” But he notes that multiple parties have”expressed interest” from North Carolina Mutual and its own assets. The most pressing issue for the insurance company is a loss of a significant amount of assets during a deal with the investment manager, according to a letter DOI sent to policyholders…. Read More

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Original source: https://www.newsobserver.com/news/business/article231248498.html

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Raleigh News & Observer (06/06/19) Eanes, Zachery

North Carolina Mutual Life Insurance Co. is now under”rehabilitation” from the country’s Department of Insurance (DOI), that eliminated the corporation’s leading executives from daily operations and whose officials are now making decisions to the business. The rehabilitation process has been ongoing for several months. The DOI’s general counsel, John Hoomani, claims that the division is”looking for somebody who can infuse sufficient capital to deliver it from rehab such it can keep on operating. Apart from that, we’re unable to offer you any more details at this time.” But he notes that multiple parties have”expressed interest” from North Carolina Mutual and its own assets. The most pressing issue for the insurance company is a loss of a significant amount of assets during a deal with the investment manager, according to a letter DOI sent to policyholders…. Read More

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Florida Homeowners Are Getting a Break. One Insurance Company Is Cutting Its Rates.

Original source: https://www.miamiherald.com/news/business/article231254448.html

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Miami Herald (06/06/19) Moreno, Sarah

State Farm Florida is decreasing its rates to 270,000 Florida clients by an average of 14.4%. “We had several losses compared to previous years, therefore our savings may benefit our customers because we have additional funds,” explains Jose Soto in State Farm Florida. The rate decrease took effect May 15 for clients buying new policies, and existing policyholders will see the reduction start July 1. Entire savings to policyholders would be $95.9 million in premiums over 2018. Thus far, no additional Florida property insurance businesses have decreased rates, according to the Florida Office of Insurance Regulation. Homeowners can compare rates with the nation site’s comparison tool…. Read More

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Original source: https://www.miamiherald.com/news/business/article231254448.html

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Miami Herald (06/06/19) Moreno, Sarah

State Farm Florida is decreasing its rates to 270,000 Florida clients by an average of 14.4%. “We had several losses compared to previous years, therefore our savings may benefit our customers because we have additional funds,” explains Jose Soto in State Farm Florida. The rate decrease took effect May 15 for clients buying new policies, and existing policyholders will see the reduction start July 1. Entire savings to policyholders would be $95.9 million in premiums over 2018. Thus far, no additional Florida property insurance businesses have decreased rates, according to the Florida Office of Insurance Regulation. Homeowners can compare rates with the nation site’s comparison tool…. Read More

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Prepare for Fire Season

Original source: http://www.charkoosta.com/news/prepare-for-fire-season/article_ac03fce8-8888-11e9-be20-ab5700d3d269.html

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Read on the NAIC Consumer Alert … Read More

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Original source: http://www.charkoosta.com/news/prepare-for-fire-season/article_ac03fce8-8888-11e9-be20-ab5700d3d269.html

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Read on the NAIC Consumer Alert … Read More

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Calls for Residents to Join National Flood Insurance Program from Louisiana Commissioner on Insurance

Original source: https://www.kplctv.com/2019/06/06/calls-residents-join-national-flood-insurance-program-louisiana-commissioner-insurance/

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KPLC TV (06/06/19) Burdsall, Luke

Louisiana Insurance Commissioner Jim Donelon states using flood insurance is a necessity statewide. He asserts that the national government’s current back and forth on extending the national flood insurance program may finally conclude with a long-term alternative from Sept. 30, when the program’s present expansion ends. He states ,”That bipartisan coalition will, I believe, come together again in the autumn and simmer for 5 more years a continuation of this program. We need this national program so as to have the tools required for people who work in those coastal areas.” Related Stories: Wall Street Journal (subscription); Baton Rouge Advocate
Annotation:
Proceed to Insure U … Read More

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Original source: https://www.kplctv.com/2019/06/06/calls-residents-join-national-flood-insurance-program-louisiana-commissioner-insurance/

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KPLC TV (06/06/19) Burdsall, Luke

Louisiana Insurance Commissioner Jim Donelon states using flood insurance is a necessity statewide. He asserts that the national government’s current back and forth on extending the national flood insurance program may finally conclude with a long-term alternative from Sept. 30, when the program’s present expansion ends. He states ,”That bipartisan coalition will, I believe, come together again in the autumn and simmer for 5 more years a continuation of this program. We need this national program so as to have the tools required for people who work in those coastal areas.” Related Stories: Wall Street Journal (subscription); Baton Rouge Advocate
Annotation:
Proceed to Insure U … Read More

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Derek “The Dodger” Chaiken Does Drone Analysis of Property Damage Claims

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/r4OsPPmOVOk/

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He’s a Los Angeles Dodger fan and a student of drone use throughout the home insurance claim process. Drones are no more science fiction, however, a fairly standard part of contemporary property insurance claims modification. With stronger cameras along with other advanced technical measuring…… Continue Reading
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Read More

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/r4OsPPmOVOk/

We access the internet effortlessly to make you to understand to the need of getting a Property Damage Adjustment Consultant on your side. Take a few seconds to read this story we located.

He’s a Los Angeles Dodger fan and a student of drone use throughout the home insurance claim process. Drones are no more science fiction, however, a fairly standard part of contemporary property insurance claims modification. With stronger cameras along with other advanced technical measuring…… Continue Reading
.

Read More

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U.S. Storms in May Will Cost Insurers Billions: Aon

Original source: https://www.businessinsurance.com/article/20190606/NEWS06/912328911/US-storms-in-May-will-cost-insurers-billions-Aon

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Business Insurance (06/06/19) Wilkinson, Claire

Based on Aon’s latest international catastrophe recap, insurance companies will earn a multibillion-dollar payout as a consequence of intense convective storms throughout much of the USA in May, including more than 362 tornadoes. This marks the highest tally for this particular month because 2015. “Serious convective storms have resulted in US$10 billion in U.S. insurance premiums yearly as 2008, and we are likely headed towards a 12th consecutive year,” said Steve Bowen, manager and meteorologist in Aon’s Impact Forecasting. Record-breaking rainfall in Oklahoma and Kansas also led in historic flooding throughout the Arkansas river basin as well as flood in the Missouri and Mississippi river basins, including hundreds of millions in economic declines. Additionally in May,” Cyclone Fani made landfall in India, causing direct economic losses of around $2 billion, along with significant rainfall caused significant flooding across parts of Europe, China, and the Middle East. Related Stories: Artemis; BestWire (subscription)… Read More

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Original source: https://www.businessinsurance.com/article/20190606/NEWS06/912328911/US-storms-in-May-will-cost-insurers-billions-Aon

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Business Insurance (06/06/19) Wilkinson, Claire

Based on Aon’s latest international catastrophe recap, insurance companies will earn a multibillion-dollar payout as a consequence of intense convective storms throughout much of the USA in May, including more than 362 tornadoes. This marks the highest tally for this particular month because 2015. “Serious convective storms have resulted in US$10 billion in U.S. insurance premiums yearly as 2008, and we are likely headed towards a 12th consecutive year,” said Steve Bowen, manager and meteorologist in Aon’s Impact Forecasting. Record-breaking rainfall in Oklahoma and Kansas also led in historic flooding throughout the Arkansas river basin as well as flood in the Missouri and Mississippi river basins, including hundreds of millions in economic declines. Additionally in May,” Cyclone Fani made landfall in India, causing direct economic losses of around $2 billion, along with significant rainfall caused significant flooding across parts of Europe, China, and the Middle East. Related Stories: Artemis; BestWire (subscription)… Read More

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Soaring Insurance Deductibles and High Drug Prices Hit Sick Americans with a 'Double Whammy'

Original source: https://www.latimes.com/politics/la-na-pol-health-insurance-sick-patients-high-bills-20190606-story.html

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Los Angeles Times (06/06/19) Levey, Noam N.

A Los Angeles Times examination of job-based insurance discovers that steep rises in health insurance deductibles during the last decade have saddled insured, middle-, and working Americans with medical bills they can’t afford. For those who have diabetes, cancer, and epilepsy, those costs are higher as medication prices have also risen and many households are forced to determine whether or not to go without care they want. The financial stress is forcing millions of seriously ill Americans to ration their care, endangering their health and their lives. Analyzing bankruptcy records and cancer registries at Washington condition, Dr. Scott Ramsey, manager of the Hutchinson Institute for Cancer Outcomes Research, found that cancer patients were more than 2.5 times more likely to declare bankruptcy compared to individuals without the disease, even after accounting for differences in age, socioeconomic status, and other things. Half of Americans in a job-based wellness program state they or an immediate relative have delayed a physician’s appointment, not filled with a prescription, or even postponed some other medical care in the previous year because of cost, a Los Angeles Times/KFF survey found…. Read More

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Original source: https://www.latimes.com/politics/la-na-pol-health-insurance-sick-patients-high-bills-20190606-story.html

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Los Angeles Times (06/06/19) Levey, Noam N.

A Los Angeles Times examination of job-based insurance discovers that steep rises in health insurance deductibles during the last decade have saddled insured, middle-, and working Americans with medical bills they can’t afford. For those who have diabetes, cancer, and epilepsy, those costs are higher as medication prices have also risen and many households are forced to determine whether or not to go without care they want. The financial stress is forcing millions of seriously ill Americans to ration their care, endangering their health and their lives. Analyzing bankruptcy records and cancer registries at Washington condition, Dr. Scott Ramsey, manager of the Hutchinson Institute for Cancer Outcomes Research, found that cancer patients were more than 2.5 times more likely to declare bankruptcy compared to individuals without the disease, even after accounting for differences in age, socioeconomic status, and other things. Half of Americans in a job-based wellness program state they or an immediate relative have delayed a physician’s appointment, not filled with a prescription, or even postponed some other medical care in the previous year because of cost, a Los Angeles Times/KFF survey found…. Read More

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Colorado Not Replacing Contractor Overhead and Profit Bulletin

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/Uqk297MrVek/

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The Colorado Department of Insurance won’t repeal its issuer requiring that contractor overhead and become part of a calculation to ascertain cash value at tomorrow’s stakeholder meeting in Denver. This is fantastic news for many Policyholders and also the correct decision by those coping with this issue from the Colorado…… Continue Reading

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/Uqk297MrVek/

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The Colorado Department of Insurance won’t repeal its issuer requiring that contractor overhead and become part of a calculation to ascertain cash value at tomorrow’s stakeholder meeting in Denver. This is fantastic news for many Policyholders and also the correct decision by those coping with this issue from the Colorado…… Continue Reading

Read More

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Legal Action Against Us Clause

Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/K3A4cFa9DU4/

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In certain countries an insurance plan can contractually set a period to submit a legal activity, while the interval is usually defined under the Statute of Limitations. In a recent California case, Keller v. Federal Insurance Company,1 the Ninth Circuit upheld an Legal Action Against Us clause, finding the…… Continue Reading

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Original source: http://feeds.lexblog.com/~r/propertyinsurancecoveragelaw/YZft/~3/K3A4cFa9DU4/

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.
In certain countries an insurance plan can contractually set a period to submit a legal activity, while the interval is usually defined under the Statute of Limitations. In a recent California case, Keller v. Federal Insurance Company,1 the Ninth Circuit upheld an Legal Action Against Us clause, finding the…… Continue Reading

Read More

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