Could Tesla car insurance become the largest auto insurer in the US?

G. Turner
Tesla car insurance - Tesla vehicle on road

According to a recent valuation by CEO Elon Musk, the company is headed in that direction. If a recent valuation of the Tesla car insurance offshoot of the electric vehicle company is to be believed, it could eventually become one of the largest auto insurers in the United States. Musk dropped several hints of this nature during a recent quarterly earnings call. Musk discussed the Tesla car insurance unit in terms of comprising a substantial portion of the company’s auto business. “Obviously, insurance is substantial. So, insurance could very well…

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What Types of Insurance Does Your Business Need?

Guest Author
business insurance what type do you need

There are types of insurance coverage that your company needs to legally operate in your state or in the U.S. and there are types that are recommended for businesses in your industry. To get the best comprehensive coverage for your company, it is a good idea to work with an agent familiar with your industry and with business insurance as well as research government and industry recommendations. General Business Insurance Most companies will be required to have general liability insurance and commercial property insurance to obtain a business license as…

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Lloyd’s of London insurance marketplace acknowledges historic ties to slave trade

H. Cutner
Insurance marketplace - Lloyd's of London Building

The 334-year-old firm and Greene King have pledged to make amends for their pasts. The massive Lloyd’s of London insurance marketplace and Greene King have announced their intentions to make amends for their involvements in racist history, particularly the slave trade that took place in the 18th and 19th centuries. The firms have been forced to take a hard look at the disturbing portions of their company histories. The insurance marketplace and the owner of a string of pubs and breweries are both taking a closer look at the role…

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Court rules in favor of Allstate in defamation lawsuit but still demands $4 million compensation

Marc
Defamation lawsuit - gavel - dollar sign

Despite the fact that the insurer was in its rights to fire a broker last year, it must still pay punitive damages. A California appellate court ruled that Allstate Insurance Co was within its rights to terminate Michael A. Tilkey’s employment as a broker in 2019, in a defamation lawsuit. Tilkey pleaded guilty to disorderly conduct and was let go from his $200,000 per year job. That said, despite the fact that the court ruled in favor of the insurance company in this defamation lawsuit, the insurer was still required…

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Allstate joins the CDP Supply Chain to advance its sustainability commitments

G. Turner
CDP Supply Chain - Hand holding tree

The insurer joined a select few property and casualty providers in asking more of suppliers. The Allstate Corporation has announced that it has joined the CDP Supply Chain, which means it will be requesting that its key suppliers report their emissions data. This will be one of several steps the insurer is making to boost its supply chain transparency. The emissions data is reported to CDP Supply Chain, which is a global non-profit disclosure system that makes it possible for businesses to manage and measure the impact they have on…

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5 grants in Singapore for Small and Mid-Sized Enterprises (SMEs)

Guest Author
grants in Singapore for Small and Mid-Sized Enterprises (SMEs)

Singapore’s economy recognizes the importance of Small and Medium-Sized Enterprises, which constitutes 99% of all enterprises in Singapore. This translates to approximately seven out of every ten workers, contributing to around half of Singapore’s Gross Domestic Product (GDP). Singapore like many countries is hit hard by the COVID-19 pandemic with the retail/F&B sector bearing the heaviest blow. There are multiple grants offered by the Singapore government to cushion the negative effects of pandemic and aid recovery. If you’re checking out other SME Singapore loans beyond the solutions offered by top…

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Pandemic-reduced Progressive auto insurance rates are getting hiked

Nordstrom
Progressive auto insurance rates - money

As more drivers head back out onto the road again, the insurer is increasing the cost of coverage again. When the pandemic hit, sending drivers across Illinois home and leaving their cars in their driveways, Progressive auto insurance rates were lowered by about 10 percent. That said, drivers are heading back out again, and their premiums are also starting to rise. The insurer is increasing its rates by 4.2 percent for the majority of its customers in Illinois. The new Progressive auto insurance rates were filed with the Illinois Department…

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