Live Insurance News

Insurers offer timely advice to help prevent winter home insurance claims

January 4, 2021December 23, 2020 G. Turner

Winter home insurance claims - house in winter - snow

As the weather gets much colder, storms and below-freezing temperatures come with certain risks. To start the year off on a positive note, insurers are sharing tips and strategies with policyholders to help them to prevent having to make winter home insurance claims. Damage and liability from storms, high winds, and freezing temperatures are often avoidable. Insurance Information Institute data showed that last year, there were $2.1 billion in winter home insurance claims caused by storms from this time of the year. That said, if policyholders had all taken certain…

The top homeowners insurance mistakes policyholders make

December 29, 2020November 6, 2020 H. Cutner

Homeowners insurance mistakes - hand holding house in bubble

This coverage can be complicated, resulting in errors frequently made while filing claims. Homeowners insurance mistakes are more common than many policyholders may think. Unfortunately, when errors are made during the claims process, the result can be quite expensive. Policyholders are advised to review their coverage annually and when large changes occur. Beyond making sure they have the right coverage in place, it’s also important to understand the claims process. This helps to avoid some of the most common and potentially expensive homeowners insurance mistakes. As climate change brings an…

Californians wonder if fire hardening will make it easier to get homeowners’ insurance

December 11, 2020December 10, 2020 H. Cutner

Creating a program to incentivize homeowners to mitigate the risk of wildfires has potential. Californians across the state are trying to do what they can to spare their homes from wildfire risk, and some are looking to fire hardening in the hopes of becoming more acceptable to homeowners’ insurance companies. Insurers are becoming increasingly risk averse in the state when it comes to protecting from wildfire. Californian homeowners have been watching their premiums spiking and many are at a risk of having their coverage cancelled altogether. The wildfires in the…

Lemonade renters insurance rolls out to French tenants

December 10, 2020December 9, 2020 Marc

Lemonade renters insurance - homes in Paris, France

The industry disrupting insurer is now entering its third country in the European Union. Lemonade renters insurance is now moving into its third European market as it takes its first steps into France. The insurer has already entered into the Netherlands and Germany in the European market. Though Lemonade renters insurance is entering a growing number of European countries, it originally from the United States. It is now a public company with a current market capitalization near $4 billion. The insurer will be in direct competition with a local firm…

Allstate joins the CDP Supply Chain to advance its sustainability commitments

October 28, 2020October 27, 2020 G. Turner

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…

Insurers brace for a spike in Halloween insurance claims

October 23, 2020October 22, 2020 Logan B.

Halloween insurance claims - Jack-O-Lantern

This holiday has become one of the traditions leading to a spectrum of filings on many policy types. Halloween insurance claims have been climbing with each passing year. Despite the impact of the pandemic, it is still expected to cause filings to rise. Insurers are getting ready to receive the calls for vandalism, theft, and crashes. On this holiday in 2016 through 2019, Statista data showed that 70 percent of Americans intended to take part in celebrations on this day. The COVID-19 pandemic is holding back the celebrations, but 58…

Voltage Dip: What Is It And How Can You Fix it?

September 18, 2020 Guest Author

Electricity is fundamental to life as we know it. Although, interestingly, there are still 940 million people in the world without access to electricity. The supply of electricity is carefully managed by the electricity companies that produce enough demand at any given time. But, the demand is not as smooth or consistent as you may think. Fluctuations in the supply are known as voltage dip when the available voltage drops but only for a brief moment. You’ve probably experienced it, a light bulb briefly dimming or flickering, the power appearing…