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Insurance News

Dog Bite Claims Highest in California

California leads the nation in the number of claims made and paid out by State Farm Insurance for dog bites, according to the Bloomington, Ill.-based insurer. The insurer recorded 369 claims were made, and $11.3 million was paid out in the Golden State in 2010. In 2009, only State Farm paid out $90.1 million in dog bite liability claims in the United States. That compares to $83.2 million in 2008, $84.6 million in 2007 and $78.1 million in 2006. In terms of the number of claims, it was more than 3,500 in 2009, which is similar to in previous years.… Read More »Dog Bite Claims Highest in California

New Exclusive Program for Jewelers

A new jewelers block insurance program from the Chubb Group of Insurance Companies will be offered country wide to qualified retail agents, brokers and wholesalers. To be branded and marketed under the Jewelers unBLOCKed name, the program will address the exposures of the jewelry industry, including retailers, custom designers, wholesalers, remount events, manufacturers and refiners. Currently insurance for jewelry stores, manufacturers, wholesalers and distributors, as well as repair shops, including kids jewelry is available from Hartford, Travelers, Zurich, CNA and many more insurance companies. To get a quote visit our website: ppls

You Would Have to Be High Not to Buy This Coverage

Medical cannabis dispensaries, collectives, cooperatives, cultivators and caregivers  operating within state guidelines have a new option to protect themselves. Coverage for medical marijuana operations is now available. In addition to working with one of the largest, A+ rated, international insurance carriers to develop the raid coverage program, the programs specifically designed to meet the evolving insurance needs of the medical cannabis community to protect legally operating medical cannabis businesses. The coverage provides relief to cannabis operations raided by state or local law enforcement agencies provided the operations have adhered to all specified state and local cannabis-related guidelines and are found innocent… Read More »You Would Have to Be High Not to Buy This Coverage

Watch Your Car This New Year’s Day

You’ve got your plans for New Year’s? The list of commitments is ready, the fridge is stocked for the party. You’re ready to have the best ever yet New Year’s Celebration. And so are millions of people. Everyone is ready to relax, but vehicle thieves. New Year’s Day was once again the leading holiday for reported vehicle thefts in 2009, while Christmas Day repeated as the holiday with the fewest reported vehicle thefts. For the 11 holidays reviewed in 2009, a total of 22,991 vehicles were reported stolen compared to a total of 24,676 reported for those same days in 2008,… Read More »Watch Your Car This New Year’s Day

FBI Reports: Crime goes down in 2010

The nation experienced a 6.2% decrease in the number of violent crimes and a 2.8% decline in the number of property crimes from January to June 2010. Arson, motor vehicle theft, larceny-theft fell and burglary all decreased. That’s according to the FBI’s Preliminary Semiannual Uniform Crime Report, which is based on information from more than 12,000 law enforcement agencies that submitted three to six comparable months of data to the FBI during the first six months of both 2009 and 2010. Violent Crime From January to June 2010, all four of the offense types in the violent crime category declined… Read More »FBI Reports: Crime goes down in 2010

Insurance Ribbon News

2011 property/casualty outlook much like 2010 The U.S. property/casualty insurance market’s prospects are unlikely to improve next year as competition continues to promote inadequate pricing and there is no sign of meaningful change in underwriting capacity, Fitch Ratings (New York based rating agency) said in an analysis. Record premium volume placed in London market Insurance premium volume hit a record last year in the London market, according to an analysis released Wednesday. Texas unemployment insurance tax rates goes up in 2011 The standard minimum unemployment insurance (UI) tax rate paid by Texas employers in calendar year (CY) 2011 will be… Read More »Insurance Ribbon News

Technology That Belongs to You

The Texas Department of Public Safety announced that Texas drivers can now order their driving records online and print them out immediately instead of waiting to have the record mailed to them. “We are pleased to offer this new service, which is available 24/7 to our customers. The convenience of ordering your driver record online and then printing it out yourself will save everyone time and money,” said Rebecca Davio, the DPS Assistant Director for Driver License. Previously, drivers could order their driver record online but had to wait to receive their record via the U.S. Postal Service. Now, drivers… Read More »Technology That Belongs to You

Insurance Industry Loosing Jobs

The U.S. insurance industry shed 6,000 jobs in September compared with August, according to a report by the Insurance Information Institute based on data by the U.S. Labor Department’s Bureau of Labor Statistics. Despite upticks in insurance industry employment in June and August of this year, the III said seasonally unadjusted insurance industry employment dropped to 2.17 million in September, its lowest point in 20 years. Property/casualty insurers’ employment was down 3,200 from August and down 2.9% from September 2009. Insurance agents and brokers faired no better, shedding 3,200 jobs compared with August and declining 2.8% since September 2009. Meanwhile,… Read More »Insurance Industry Loosing Jobs