Tag: insurance agency

Navigating the aftermath of a truck accident

Understanding the actions to take after an accident, as well as knowing your rights, is essential for every driver. Truck accidents are an unfortunate reality in the industry. These incidents can involve property damage, injuries, and in the worst cases, fatalities. That is why understanding the actions to take after an accident, as well as […]

California’s insurance crisis: wildfire risks and the FAIR Plan

The Palisades fire has turned into an insurance crisis affecting homeowners in areas vulnerable to climate disasters. The recent fire in Pacific Palisades has highlighted the challenges faced by thousands of Los Angeles residents when it comes to insurance policy withdrawals. This tragedy has turned into an insurance crisis affecting homeowners in areas vulnerable to […]

6 notorious insurance fraud cases and how they failed

Over the years, there have been numerous cases of fraud that not only affect the sector, but also shock everyone who hears about them. Insurance fraud remains a widespread issue in the United States, causing billions of dollars in annual losses for companies, insurers, and consumers. According to Forbes Advisor, it is estimated that $308.6 […]

How regulations drive truck accident insurance claims

Violations of transportation regulations are a crucial factor in determining responsibility for accidents. The Federal Motor Carrier Safety Administration (FMCSA) is responsible for overseeing the transportation system in the United States, which relies on strict regulations designed to ensure road safety. These rules cover crucial aspects such as driver qualifications, hours of service, and vehicle […]

Assessing the damage and financial toll on insurers of Hurricane Milton

Before the storm began, insurance industry experts estimated losses could reach up to $100 billion for the global insurance sector. Hurricane Milton swept through Florida with strong winds, heavy rains, and several tornadoes, causing at least four deaths. The storm made landfall on October 9 in Siesta Key as a Category 3 hurricane, wreaking havoc […]

States with high uninsured drivers and the importance of uninsured motorist coverage

In some U.S. states more than 20% of drivers are uninsured. According to Forbes Advisor statistics, in several U.S. states, more than 20% of drivers are uninsured. For this reason, some states require car owners to have uninsured motorist coverage (UM). This coverage provides additional protection by covering medical expenses if you or your passengers […]

Port strike sparks concerns about insurance

This work stoppage impacts a broad ecosystem of companies related to trade and marine insurance. The International Longshoremen’s Association (ILA) began a strike on October 1 due to a lack of agreement with terminal operators and shipping lines, represented by the United States Maritime Alliance. This labor stoppage has halted container, and vehicle imports just […]

The rise of insurtech: ally or competitor?

Insurtech relies on tools like data analytics, artificial intelligence, and telematics to improve insurance processes. In recent years, insurers have begun to use data from telematics systems to better understand the risk profiles of the industry and their clients, thanks to the growing integration of this technology in fleets. This has facilitated closer collaboration between […]

Vehicle insurance rates: highest and lowest priced states in the U.S.

The place of residence significantly influences the cost of vehicle insurance, know the list of the states with the highest and the lowest in the U.S. In 2024, vehicle insurance costs have been impacted by inflation, supply chain issues, and an increase in traffic accidents, leading to a rise in rates. According to an analysis […]

The role of insurance: financial protection and saving money

Taking out insurance reduces the direct financial burden on the insured’s pocket and is an essential back-up for the insured In most states, it is mandatory to have commercial coverage for company vehicles. This legal requirement highlights the importance of protecting vehicles used in business activities, such as transporting goods, equipment, or passengers. A company […]