Six insurance firms from across the country have been recognized as Top Performing Agencies and included in the recently released Best Practices Study by the Independent Insurance Agents & Brokers of America (IIABA) and Reagan Consulting, an Atlanta-based management consulting firm. Like what you see? Click here to sign up for Insurance Networking News weekly newsletter to get the latest on breaking industry news, carrier technology implementations and developing business and technology trends. The agencies were recognized for their operational excellence, financial results and overall management achievement in their respective revenue-size categories. Full Article…
Incontestability Of Life Insurance. Up until a life insurance policy is in force for two years it may be contested by the life insurance company. The incontestability period may vary depending on the life insurance company. Even though an inspection report is obtained and in some cases a medical examination is done the company depends a great deal on the answers given on the application when deciding whether or not to issue a policy but…
If an applicant fails to disclose information that would cause a policy not to be issued or to be rated the policy may be withdrawn or a claim may be denied…that is as long as the policy is still within the contestable period.
Life insurance company, American International Group Inc. (AIG), may return to independence soon. Ready to get rid of debt and finally fully repay the bailouts handed out in 2008 and 2009, the U.S. Treasury Department could announce plans for repayment as early as this week.
Tentative Plans for Repayment
There are a few ways that sources expect the Treasury to try to recoup its money. It may begin converting its $49 billion preferred stake into common stock to sell by the first half of next year.
Also, it hopes to get rid of two non-U.S. divisions, which are expected to help largely repay the firm’s federal credit line. W
Consumers are relatively happy with their auto insurer these days. A new study from Market Force Information, a customer intelligence and solution provider, reveals high customer satisfaction levels with auto insurance providers over the past year. Like what you see? Click here to sign up for Insurance Networking News weekly newsletter to get the latest on breaking industry news, carrier technology implementations and developing business and technology trends. For the survey, Market Force examined auto insurance preferences and trends, found that Allstate (21.9%) and State Farm Insurance (21.2%) nearly tied for insurers with the best reputation, while GEICO ranked third with 13.9%, and USAA and Progressive each earned 6%. Full Article…
It is common place to insure items of value that you possess. You are required to insure your vehicle and there are an abundance of insurance companies that specialize in many different areas. For people who deal in the real estate market their assets are either their sole form of income or account for a large portion of it. Landlords are most reliant on their assets to make money. Landlord property insurance is a very valuable tool for any landlord in ensuring that their property is looked after in under any circumstances. Their will be times when your property may need repairs, some of these repairs can be quite costly and you may need assistance in order to cover them. Full Article…
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We buy cheap life insurance simply because it is the intelligent thing to do. We should, however, satisfy ourselves that we are doing business with a reputable life insurance company. It is usually best to buy from one that has been around for a while and has a high rating from The A M Best Company. Let us now take a look at a few cheap life insurance policies and what makes them so appealing to the consumer.The first types of policies we think of when looking for cheap insurance is term life insurance. The appealing thing is that you protect your family in the event of your death at a cost of just a few cents on the dollar.
While many U.S. motorists admit to have used a cell phone while driving, they also believe it should be illegal to do so. Like what you see? Click here to sign up for Insurance Networking News weekly newsletter to get the latest on breaking industry news, carrier technology implementations and developing business and technology trends. For its “2010 Chubb Driver Distraction Survey,” the Chubb Group of Insurance Cos. asked 1,000 motorists throughout the United States about three ways in which they use cell phone uses while driving: talking with a hand-held phone, talking with a hands-free phone and texting. Full Article…