Year: 2015

GEICO to raise auto insurance rates

Here's an interesting article from www.insurancejournal.com GEICO to Raise Auto Insurance Premiums By Andrew G. Simpson | May 4, 2015 GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer said its underwriting profit for the first quarter was $160 million, a decline of $193... Read Article

All Aboard! It’s Boat Season!

An insurance approach that is quite similar to what is used to protect cars and homes, is boat and boating property coverage!  When purchasing insurance, you are basically offered a package. By this we mean that there is more than one coverage.  The package includes coverage for physical property as well as protection against the legal and financial consequences of injuring others or damaging property that belongs to others.... Read Article

FEMA agrees to reopen all Superstorm Sandy flood claims

Following a meeting with U.S senators from New York and New Jersey and in response to allegations that some insurers in the National Flood Insurance Program may have denied claims from Superstorm Sandy based on altered engineering reports, FEMA has agreed to reopen every flood insurance claim filed by Superstorm Sandy victims. Approximately 144,000 claims will be affected by FEMA’s decision. FEMA also announced that... Read Article