Mercury Insurance, a multi-line insurance organization operating in 13 states, is offering a new commercial auto insurance product it says uses technology to enable its independent agents to more easily rate, qualify and issue new business.
The number of claims resolved through an inter-insurance dispute resolution organization’s services set a record in 2011, with nearly 520,000 claims resolved.
Home and auto insurance buyers were less interested in home-auto package discounts in 2011 than the year prior, and more aware of competitive premium rates, a new study says.
Insurers must be quick and fair throughout the claims process, communicating more with customers, to improve people’s satisfaction when making an auto insurance claim, a new study says.
Eight people accused of participating in a staged auto-accident fraud scheme in North Carolina were arrested and authorities were seeking two more alleged participants.
Delaware Insurance Commissioner Karen Weldin Stewart fined Allstate Insurance Co. and Encompass Insurance Co. a total of $50,000 for violating state insurance laws, which the insurers blamed on computer problems.
GMAC Insurance Personal Lines intends to expands its North Carolina presence with the acquisition of an Alabama-based insurance company that has been writing policies exclusively in North Carolina for four years.
OneBeacon Insurance Group is selling its AutoOne unit to Interboro Holdings for an undisclosed amount so it can focus on its better performing specialty operations.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.