Search Results for: insurance

Many small businesses are operating today without any liability insurance. Workers’ compensation insurance is mandatory by law. Many business owners want to reduce operating costs. However, in today’s environment where worker compensation claims are on the rise, it is highly risky to operate without liability coverage. What took years to build up can be destroyed by […]

The definition of “American way” will determine whether or not a particular type of carrier does business in the American manner. There is no one accepted definition of the term. Some definitions would exclude state funds. Others would exclude mutuals and reciprocals. Other definitions would also exclude Lloyd’s of London. However, other definitions would include all carriers that do business […]

This is a common misunderstood problem: how to correctly insure “subject to” property. It is obvious that the “Due on Sale (DOS)” clause will be invoked, and the mortgage company will call the note. Despite being complex, there are some common sense rules of thumb that usually apply. Be the “first named insurance” if you or your company […]

This article does not address whether or not you should apply for Life Insurance Policies. It focuses more on what policies are available and the requirements for obtaining a policy. Long term life insurance plans will also be the focus of our discussion. Before we get into the details about policies, let’s first define what “Insurance” means. […]

According to the insurance association, about one-fifth of all cases of health care fraud involve consumers. Only a small fraction of all cases involve providers. Greg Anderson, director for corporate finance investigations at Blue Cross-Blue Shield Michigan, says that consumer fraud is something Greg does not take lightly. “We have 4.5million customers, and if each one of them […]

Many people make the decision to purchase life insurance so their loved ones will be protected in case of their passing. It can be difficult to understand the industry and you may not be aware of certain aspects about life insurance. How many people have life assurance? LIMRA’s 2020 Insurance Barometer Study found that 54 percent […]

Leo and Lillian Goodwin founded Geico in 1936. Warren Buffett, then a Columbia University business student, bought the first shares of Geico stock in 1951. In 1996, Buffett bought all shares of Geico, making it a Berkshire Hathaway wholly-owned subsidiary. Geico, which has a 13.5% market share and insuring more than 28 million vehicles, is the country’s second-largest car insurance […]

Progressive Insurance was founded in Cleveland, Ohio, in 1937 selling automobile insurance. Progressive is currently the third largest vehicle insurance company in America, accounting for 13.30% . Progressive, as the name implies, is known for offering new and innovative ways for customers to shop for car insurance and make claims. USAA is short for United Services Automobile Association and is located […]

Due to the high number of accidents-related lawsuits, Louisiana’s average car insurance rates are higher than anywhere else in the country. Louisiana’s average car insurance cost is $975 for basic coverage, and $2724 for full coverage. This breaks down to approximately $80 or $227 per monthly. You can save money on Louisiana auto insurance rates. This could help […]

Despite Indiana having miles upon miles of farmland it is only 14% that live in rural areas. Car owners are most likely to live in cities like Evansville and Indianapolis, which means they will pay more for coverage. In Indiana, the average cost for car insurance is $367 for basic insurance and $1254 for complete insurance. What is the […]