WEST PALM BEACH, Fla. — This hurricane season has left insurance companies paying out claims, but industry experts say don’t expect it to lead to higher rates. “Some people assume there’s a big storm that rates are going up in a few weeks,” Mark Friedlander of the Insurance Information Institute said. “It doesn’t work that
According to recent data, 78% of employees say they’re more likely to stay at a job based on the benefits offered. Furthermore, the cost of replacing an employee can be between one-half and two times the departing employee’s salary. To discover which industries offer the most comprehensive employee packages, international telecom provider TollFreeForwarding.com gathered new
Open enrollment for Maine’s online health insurance marketplace begins this Friday, November 1. The Mills administration is encouraging residents who aren’t covered through Medicare, MaineCare, or their employer to check out health and dental plans on the website CoverME.gov. Last year, more than 60,000 Mainers enrolled in marketplace plans. State officials said the majority were
“Halloween is a great time to gather with friends and family, but it can also wreak havoc on your home and property if you aren’t prepared. Homeowners should stay vigilant by taking precautionary measures around their homes and checking their policies to ensure they are updated.” Post this Whether you plan to host a Halloween
Credit: TippaPatt/Shutterstock. Arthur J Gallagher has announced the acquisition of New York-based Filos Agency. Filos Agency is a retail property and casualty insurance agency serving New York area businesses and individuals. Thomas Costantakos and his team will continue to operate out of their current location as part of Gallagher Agency Alliance under the direction of
Rising costs of homeowners insurance worsened by extreme weather events In recent years, natural disasters have become increasingly frequent and intense, causing significant damage to homes across the United States. These extreme weather events are not only wreaking havoc on properties but are also making it harder—and more expensive—for homeowners to obtain insurance coverage. Rising
The Global Investment Summit, held in October, highlighted that the UK has emerged as a leader in business start-ups, with 900,000 new ventures launched each year. All startups and SMEs require robust business insurance to protect them, however Google search data suggests a lot of confusion on the topic. One thing small business start-ups need
Since Hurricanes Helene and Milton devastated Florida, more than 49,000 insurance claims have been denied, leaving thousands of residents in financial uncertainty as they attempt to rebuild. According to data from the Florida Office of Insurance Regulation, many companies denied claims related to flood damage, a peril not typically covered under standard homeowners’ insurance policies.
One of Florida’s largest property insurers and one of its smaller carriers reported losses at least partly related to Hurricane Helene, which landed just before the third quarter closed, and from Hurricane Milton, which struck less than two weeks later. Universal Insurance Holdings, parent of Universal Property & Casualty Insurance Co., considered Florida’s third-largest with
SINGAPORE, Oct. 28, 2024 /PRNewswire/ — Peak3, a leading InsurTech company headquartered in Singapore, has announced a strategic partnership with DJI, the global leader in drone manufacturing, to expand DJI’s Agricultural Drone Insurance program in Thailand. This collaboration marks a significant advancement in fostering smart farming technologies across the region. Under this new partnership, DJI offers comprehensive