It's true. One 2 Minute Call to Save Real $$$
Click to Call and Quote Them All

Monthly Archives: December 2011

AAA Predicts Increase In Travel During The Holiday Season

AAA Predicts Increase In Travel During The Holiday Season

Satursday’s Post 12.17.11 – The American Automobile Association estimates that more individuals and families will travel during this holiday season even though the economy has affected their finances.  According to the motor club and leisure travel organization, nearly 100 million US residents plan to travel over fifty miles from their homes this holiday season. This is an increase from last years… Continue Reading

Massachusetts Insurance Deptartment Fines Auto Insurance Carrier For Using Credit

Massachusetts Insurance Deptartment Fines Auto Insurance Carrier For Using Credit

Friday’s Post 12.16.11 –  The Massachusetts Division of Insurance recently announced that one of the states direct auto insurance writers and one of the nations largest companies had agreed to settle a fine of $125,000 plus other penalties, for wrongly informing some of its clients that it had used their credit information to calculate monthly premiums for car insurance.… Continue Reading

Car Insurance Is The Most Profitable Of The Industry

Car Insurance Is The Most Profitable Of The Industry

 Thursday’s Post  12.15.11 – Although there are thousands of car insurance agents throughout the United States; most are not aware the private auto insurance is the most profitable sector in the US Insurance market.  Revenue from auto insurance coverage remains high, despite the economic downturn and  the natural disasters which have led to major losses for most insurance… Continue Reading

New Portal To Help Local Agents Sell Car Insurance Online

New Portal To Help Local Agents Sell Car Insurance Online

Tuesday’s Post 12/14/11 –  Coming in 2012, independent insurance agents throughout the U.S. will manage to connect with nearly 65 percent of the Auto & Homeowners Insurance Market share they are now missing out on. A large network of Property and Casualty Insurance companies in the US supports the concept for the Internet Consumer Agent Portal LLP (CAP). Most of these Auto… Continue Reading

Travelers Business Insurance Rates Increase Over Five Percent

Travelers Business Insurance Rates Increase Over Five Percent

Tuesday’s Post 12/13/11 –  Travelers Insurance Company reported at the November 6, 2011 Financial Services Meeting  their company rates will increase for business insurance clients by five point two (5.2%). According to the recent review of The Wall Street Journal, a Traveler’s Executive also  provided this feedback at a Goldman Sachs Financial Services Meeting.  These price hike symbolize the biggest… Continue Reading

New Chair Elected to New York Insurance Association (NYIA)

New Chair Elected to New York Insurance Association (NYIA)

 Monday’s Post 12/12/11 –  New York Insurance Association (NYIA) has elected Jeffrey Rice, the president and CEO of Wayne Cooperative Insurance Company in Clyde, N.Y., to be the new chairman. He will be serving for just one year, beginning in January of 2012.  For the last five years, Rice has been a member of the association’s board… Continue Reading

Alleghany Corporation Takes Over Transatlantic Holdings Inc.

Alleghany Corporation Takes Over Transatlantic Holdings Inc.

Sunday’s Post 12.11.11 –  Transatlantic Holdings Inc., after cancelling merger deal with Allied World Assurance Corporation in September, has now decided to be absorbed by Alleghany Corp. The  deal worth  nearly three and a half billion would end a month-long discussion. Last November, Transatlantic was valued at just about $60.00 per share.. The companies announced that the deal creates the industries largest… Continue Reading

NH Policy Holders Remain Silent Over Rate Revisions

NH Policy Holders Remain Silent Over Rate Revisions

Saturday’s Post 12.10.11 – New Hampshire officials have reported no complaints regarding the rate increase affecting State Farm policy holders. The rates were raised by 0.2 percent on average in August. An official of the State Insurance Department said that they have only received one query related to the increase; the misunderstanding was between a quoted rate… Continue Reading

Tornados Cause Major Auto/Homeowners Claims

Tornados Cause Major Auto/Homeowners Claims

Friday’s Post 12/9/11 – Minnesota Auto/Home Insurance Companies were forced to pay out nearly $65 million in claims this year. The claims already filled are about 80% percent of what is expected. The department of insurance has announced that about 1000 claims totaling to $8.7 are still underway and will be paid in the near future. These claims have… Continue Reading

Tampa Leads the Florida Fight Against Auto Insurance Fraud

Tampa Leads the Florida Fight Against Auto Insurance Fraud

Thursday’s Post 12/8/11 – State Officials consider the move by one Florida County to crack down auto insurance fraud through targeting staged accidents and  medical clinics in order to improve the state’s no-fault auto insurance law.  During public meetings held in Tampa; Government officials and Floridians discussed the state’s growing Personal Injury Protection insurance fraud problem.  Florida Officials say this is what… Continue Reading