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
Tag: home insurance
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?