Personal Lines News

Homeowners Confused About Insurance Coverage: Survey

Many homeowners do not understand what exposures are covered under their home insurance policy, according to a new consumer survey. More than two in five Americans (41 percent) believe that a standard homeowner’s insurance policy protects against mold damage, according …

MetLife Auto & Home Expands Identity Protection Coverage

MetLife Auto & Home has enhanced its identity protection services to include assistance for digital threats, such as e-mail and social media compromise, as well as data breach victim assistance. The services are provided as part of the company’s identity protection program, …

Consumer Bill of Rights Would Summarize Oklahoma Insurance Laws

As tornado season intensifies, Oklahoma’s top insurance official said he is compiling a consumer bill of rights to let home and car owners know what their legal rights are when they are affected by severe weather or some other calamity. …

ACE Acquires Mexico Personal Lines Insurer ABA Seguros

ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing dividend taken by the seller. ACE noted that ABA …

Most-Used Excuses for Getting Out of Traffic Tickets: Survey

Plead ignorance. That’s the most-used excuse when drivers are pulled over for a traffic violation, according to Insurance.com’s new “Ticketmasters” survey. Among people who said they have used excuses when pulled over by a police officer, here’s how explanations break …

U.S. Expected to Seek Limits on Car Touchscreens

U.S. traffic safety regulators are expected to propose stronger measures to keep drivers from being distracted by in-car touchscreens. Transportation Secretary Ray LaHood and National Highway Traffic Safety Administration Administrator David Strickland have scheduled a news conference for Tuesday afternoon …

West Explosion Insured Losses Hit $100M

“Daddy, are we dead?” Those were the first words from 9-year-old Kaden Anderson after an explosion ripped apart the fertilizer plant in West on April 17. Kaden was riding with his father Bryan who had driven over to see where …

Florida May Scrap No-Fault Auto Insurance Law

Frustrated by a recent court decision temporarily blocking part of Florida’s no-fault auto insurance law reformed last year, state lawmakers are considering scrapping the entire law. Current proposals would reinstate to a tort system and mandate that all drivers purchase …

High-Tech Personal Lines: Technology Changing the Way Agents Do Business

Many believe there is still opportunity for independent insurance agents and their carriers to grab personal lines market share. But to do so they must find a way to compete against the giant direct response and captive carriers that are …

Project CAP CEO Bacciocco Shares Views on Consumer Agent Portal and 2013

Independent agents should soon be getting some help with their personal lines sales— better late than never. The delayed Consumer Agent Portal — backed by the Independent Insurance Agents & Brokers of America Inc. (IIABA) and six investor insurance companies …