article thumbnail

Progressive and K&P’s Alleged Insurance Scheme: When Reality is Stranger Than Fiction

Property Insurance Coverage Law

Progressive Insurance Company, one of America’s largest auto insurers, is alleged to have created a scheme that would make ambulance chasers blush – directly feeding accident victim information to a law firm for solicitation. You really cannot make this stuff up.

article thumbnail

Florida Senate Panel Wants More Rate Comparison, Cost, Profit Info on OIR Website

Insurance Journal

The Florida Office of Insurance Regulation provides a rate comparison tool on its website for homeowners’ and auto insurance, allowing consumers to view estimated premiums for limited types of properties and policyholders. Under a bill approved by the Florida Senate …

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Louisiana Reforms: Progress, But MoreIs Needed to StemLegal System Abuse

Triple-I: Homeowners Insurance

Louisianas low average personal income relative to the rest of the nation contributes to its personal auto insurance affordability challenges, which are exacerbated by its litigation environment. Learn More: Louisiana Is Least Affordable State for Personal Auto Coverage Across the South and U.S.

article thumbnail

Despite Progress, California Insurance Market Faces Headwinds

Triple-I: Homeowners Insurance

As insurers have adjusted their risk appetite to reflect these constraints, more property owners have been pushed into the California FAIR plan the states property insurer of last resort. And, regardless of what regulators or legislators do, California homeowners insurance premiums will need to rise.

article thumbnail

Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Your current insurance policies may not automatically extend to the new site, and additional coverage may be required. Key policies to review and update include: Commercial Property Insurance to protect your new location against physical damage from fire, vandalism, theft, or natural disasters.

article thumbnail

How Do You Know What Commercial Insurance Products Your Business May Benefit From?

Paragon Independent Insurance Agencies

So, how do you determine which commercial insurance products will best protect your business? Commercial auto insurance is essential if your company owns or operates vehicles—whether for deliveries, client visits, or transporting goods. Let’s break it down.

article thumbnail

Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Business Property Insurance Your servers, laptops, and office equipment are essential for running your IT business. Business property insurance protects your physical assets against risks like fire, theft, or natural disasters. Additionally, it demonstrates you care about the well-being of your team.