In response to the many costly exposures facing homebuilders and developers in today’s housing marketplace, Chubb has issued a new whitepaper, “New Home Development: A Start to Finish Overview of Risks in Building Master Planned Communities.” The paper examines the many risks that can severely impact the project’s budget and completion, including property damage and… Continue reading Chubb Examines Risks Facing Homebuilders During the Construction of New Homes and Communities
Tag: home insurance
American Family Acquiring Ameriprise Auto & Home for About $1 Billion
The Madison parent company of American Family Insurance said Tuesday it is buying Ameriprise Auto & Home, a De Pere-based property-and-casualty insurer, for about $1 billion. American Family Insurance Mutual Holding Co. said the acquisition adds customers, diversifies risk and gets the company deeper into the California market. Ameriprise Auto & Home is a business… Continue reading American Family Acquiring Ameriprise Auto & Home for About $1 Billion
Study Finds Almost Half of U.S. Residents Don’t Have a Home Inventory List Should Disaster Strike
New survey data released today as part of the Farmers Insurance® Seasonal Smarts Digest shows nearly half of U.S. residents (44%) have never made a home inventory list, possibly putting themselves at risk of potential stress in the event of a major loss. This risk takes on greater significance considering that 70 percent of Americans… Continue reading Study Finds Almost Half of U.S. Residents Don’t Have a Home Inventory List Should Disaster Strike
Trends in Online Insurance Purchasing Habits Point to Enhanced Opportunity for Agents and Brokers
A new survey from Chubb, “Winning the New Client Journey,” finds that more than half of consumers (53%) have shopped online for homeowners insurance in the past 12 months, and 61% are likely to do so in the future. According to Chubb, this trend in researching and shopping online underscores an enormous opportunity for agents… Continue reading Trends in Online Insurance Purchasing Habits Point to Enhanced Opportunity for Agents and Brokers
Neptune Flood and Hippo Insurance Partner to Create First Online Home and Flood Insurance Solution
Neptune Flood, a data driven flood insurance company, recently partnered with Hippo Insurance to provide the best coverage for today’s homeowners. Hippo and Neptune both offer consumers a seamless digital experience with speed, transparency and first-class service. The strategic partnership will give Hippo customers direct access to flood insurance with Neptune Flood, which will be… Continue reading Neptune Flood and Hippo Insurance Partner to Create First Online Home and Flood Insurance Solution
CT Insurance Dept. Recoups $8M for Policyholders, Taxpayers
The Connecticut Insurance Department said it recovered nearly $8 million for policyholders and taxpayers in 2018, according to Acting Commissioner Paul Lombardo. Lombardo, serving in place of former Commissioner Katharine L. Wade, on Friday said his agency’s Consumer Affairs Unit handled 6,350 complaints and inquiries in 2018, resulting in over $5.5 million being returned to… Continue reading CT Insurance Dept. Recoups $8M for Policyholders, Taxpayers
EMC Insurance Enters into an Agreement with Safeco Insurance for Transition of Personal Lines Business
EMC Insurance Companies (“EMC”) announced today they have entered into an agreement with Safeco Insurance (“Safeco”), a Liberty Mutual Company, to provide EMC-licensed agents an opportunity to transition their EMC personal lines policies to Safeco beginning in the first quarter of 2019. This agreement is a result of Des Moines-based EMC making a strategic decision… Continue reading EMC Insurance Enters into an Agreement with Safeco Insurance for Transition of Personal Lines Business
Travelers to Sell Home-Security Gear via Amazon
Travelers Cos. plans to sell discounted home-security and sensor devices to its home-insurance customers on Amazon.com Inc. starting Wednesday, the first time an insurer will have a retail presence on the online retail giant. Insurers around the world are scrambling to make their policies simpler and easier to buy. For years, the act of purchasing… Continue reading Travelers to Sell Home-Security Gear via Amazon
CA Gov Brown Signs Wildfire Safety Bill Blasted as PG&E Bailout
Gov. Jerry Brown on Friday signed sweeping legislation designed to remedy California’s past, present and future wildfire ailments, brushing aside criticism that it is a bailout for PG&E, which faces a troubling mountain of liabilities linked to infernos that torched Wine Country and other regions nearly a year ago. “Wildfires in California aren’t going away,… Continue reading CA Gov Brown Signs Wildfire Safety Bill Blasted as PG&E Bailout
Do Amazon and Google Pose a Threat to Homeowners Carriers?
Amazon has made no secret of its intent to disrupt virtually every industry on the planet, most recently announcing a partnership with JPMorgan Chase and Berkshire Hathaway to create an independent healthcare company. Reportedly, the retail giant has also begun to explore the idea of setting up an insurance price comparison site in the UK.… Continue reading Do Amazon and Google Pose a Threat to Homeowners Carriers?