insurance News

5 More Technology Essentials for the Modern Insurance Agency

This post is part of a series sponsored by ITC (Insurance Technologies Corporation). In a study co-sponsored by ITC, we discovered agencies who are heavy users of technology are twice as likely to have better sales processes. In addition, agencies …

Southwest Louisiana Considering Bike-Sharing Programs

Southwest Louisiana officials are looking at bike-sharing. Bike-sharing programs use computers and GPS to track bicycles, rented through a smartphone app by the hour or half-hour. Baton Rouge and St. Tammany Parish are investigating whether to start such programs. New …

New Mexico Utility Says Insurance to Help Pay for Coal Silo Failure

The investigation into the cause of a structural failure of a coal silo at a power plant in northwestern New Mexico is ongoing, but the plant’s operator says repairs are underway. Officials with Public Service Co. of New Mexico say …

The Impact of Getting ITV Wrong

This post is part of a series sponsored by CoreLogic. It’s About Protecting Homeowners and More Most people understand that the goal of a homeowner’ policy is to restore a home and possessions to the way they were should a …

Engage the Millennials

This Lowdown provides you with a perspective on the report Insuring Millennials: The Most Underinsured Generation, a report added to the Carrier Management Research & Trends site this week. This report was written for the insurance carrier audience, addressing the …

Multi Award-Winning Telematics Company, The Floow, Brings Unique Coaching and Reward Services to the US Insurance Market

Sheffield, UK, September 8, 2017- Insurance telematics innovator, The Floow, is bringing its industry leading approach to the US market with the launch of its unique FloowCoach program and Rewards Services App at Connected Car Insurance USA (CCIU) on the …

Michigan Facing $2B Budget Squeeze in State’s General Fund

Tax cuts, increased road construction, past economic development incentives and other factors will combine to reduce or divert state revenue by $2 billion annually in just over four years _ the equivalent of 20 percent of Michigan’s general fund account. …

Study: Californians Would Pay $1.9B More for Insurance If Congress Passes Border Adjustment Tax

Californians would face $1.9 billion in higher insurance costs if Congress passes a border adjustment tax as part of federal tax reform, according to a study issued today by the R Street Institute and the Pacific Research Institute. According to …

Q&A: How Driverless Car Technology Could Impact New York and Other States

New York Governor Andrew Cuomo in May signed a budget bill into law allowing self-driving and self-parking cars to be tested for one year on New York public highways. Prior to this law going into effect, the technology was prohibited …

Massachusetts’ Knight-Dik Insurance: 100 Years, Four Generations

When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and four generations of leadership. …