Tag: Liberty Mutual

Top Insurance Companies: Unpacking Auto Insurance Claims Criticisms

John Bowers
claims adjuster examining car

Top Performers in Auto Claims Handling Amica leads in auto insurance claims handling, securing the top spot in J.D. Power’s 2023 Auto Claims Satisfaction Study with 909 out of 1,000 points. Customers praise Amica for quick and efficient claims processing and excellent customer service. Erie Insurance ranks second with a score of 902. Customers highlight the insurer’s professionalism and fast claims process. Erie offers a unique benefit: Coverage for pets injured in accidents Up to $500 per pet $1,000 per accident State Farm stands out for its user-friendly online claims…

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Auto insurance companies won’t be raising rates in California

H. Cutner
Auto insurance companies - Car insurance

Rate increase approvals haven’t been approved in over two years, and that is continuing. According to leading auto insurance companies and associations in California, the state is risking a coverage crisis in the largest market in the country because it continues to deny rate increases. Insurers haven’t been able to raise their rates in California since before the pandemic began. The auto insurance companies have already been making cutbacks and have said that they won’t be able to continue operating at a loss in this way. They have pointed to…

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Agencies with digital insurance features grow 60 percent faster than rivals

Logan B.
Digital insurance - people using computer

Online options have become highly important to consumers interacting with their insurers. While the importance of digital insurance features was already on the rise by 2019 and earlier, the pandemic has accelerated this trend. Customers have come to view online features as a necessity instead of a convenience. According to recent data, agencies that have adapted to this requirement and that have offered the best digital insurance options have experienced a substantially higher growth rate than their non-digital competition. In a recent survey of 600 independent agents in the United…

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Allstate and Liberty Mutual provide Lyft driver insurance in several states

Logan B.
The insurers are offering coverage to the rideshare company’s drivers in states including California. Lyft driver insurance is now available in a handful of different states through Allstate and Liberty mutual, including in California and Texas. Effective as of the start of this month, Allstate has started selling this commercial auto coverage. October 1 brought Allstate’s Lyft driver insurance to California Iowa, Indiana, Kansas, Kentucky, Missouri, Ohio and West Virginia. The policies are issued by an Allstate subsidiary called North Light Specialty Insurance Co and are managed by Allstate Business Insurance. This commercial auto coverage is provided specifically throughout the Lyft trip’s entire cycle. It begins when a driver turns on the app, continues through until they pick up their customer, and runs until the completion of the trip. Allstate automatically protects riders at no additional cost when they are in a Lyft driver’s vehicle. The extent of the coverage varies from one state to the next and from one period of engagement to the next. This may extend to property damage and bodily injury liability, uninsured/underinsured motorist liability, collision, and comprehensive coverage. It is subject to deductibles, policy terms and conditions. Until now, Lyft driver insurance has essentially meant a reliance on a personal auto policy. That coverage is still applicable when the driver is offline or has not turned on the app. Some Allstate customers who drive for transportation network companies (TNC) also add additional ridesharing coverage, for instance the Ride for Hire coverage through Allstate. That protects them above and beyond what their personal auto policy would provide and what TNC commercial coverage protects. Drivers in Arizona, Michigan, New Mexico, Texas and Utah can now purchase their rideshare coverage through Liberty Mutual Insurance. That insurer’s program provides coverage specific to the needs of Lyft drivers within those states from the moment the app turns on to the moment it turns off. Lyft vice president of risk, Curtis Scott, explained that the new Allstate and Liberty Mutual Lyft driver insurance policies are a reflection of the rideshare company’s efforts to widen their coverage partnerships and form an auto carrier panel that will make it possible for the company to make sure there is claims handling specifically for this unique type of operation.

The insurers are offering coverage to the rideshare company’s drivers in states including California. Lyft driver insurance is now available in a handful of different states through Allstate and Liberty mutual, including in California and Texas. Effective as of the start of this month, Allstate has started selling this commercial auto coverage. October 1 brought Allstate’s Lyft driver insurance to California Iowa, Indiana, Kansas, Kentucky, Missouri, Ohio and West Virginia. The policies are issued by an Allstate subsidiary called North Light Specialty Insurance Co and are managed by Allstate Business…

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Best Companies for Different types of Auto Insurance

G. Turner
Contact Us

You HAVE to own auto insurance coverage. It’s the law. But, it’s not in the law books you have to pay a ton for your plan. Just because you have to have a policy doesn’t mean you have to pay a ton for your coverage. Every carrier and policyholder is different. Some carriers are better prepared for some situations than others. You need a carry which partners up with Motorcycle Coverage – Progressive Motorcycles are a whole different beast when it comes to auto insurance. They have different requirements and…

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Forrest T. Jones Launches New Insurance Plan for Accountants

PR Article
FTJ Logo color

Forrest T. Jones & Company Launches National Professional Liability Insurance Program Kansas City, MO – Forrest T. Jones & Company (FTJ) announced today that it has completed an agreement with Liberty International Underwriters (LIU) to serve as the Program Administrator for LIU’s national accountants’ professional liability insurance program for accounts with annual revenues up to $5 million. FTJ will market, underwrite and administer the program under its ProDefenderTM product line, issued by Liberty Insurance Underwriters Inc. The program will be offered to eligible accounts on an admitted basis in all…

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Home Depot serves as a reminder of the importance of cyber insurance

S.Vagus
Home Depot Cyber Insurance

Retailer falls victim to a major data breach that could have compromised consumer financial information Home Depot recently announced that it had fallen victim to a data breach that may have compromised the financial information of customers visiting 2,200 of its stores located in the U.S. and Canada. The company suggests that there has not yet been any evidence that this financial information has been compromised. The attack on Home Depot again highlights the growing importance of cyber insurance. This form of insurance coverage may not be able to stop…

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