Best Insurance Quotes Website

Securing Social Media

September 2nd, 2010

The debate surrounding the use of social media technologies by insurance companies has seemingly moved from “if” to “how.”

Like what you see? Click here to sign up for Insurance Networking News weekly newsletter to get the latest on breaking industry news, carrier technology implementations and developing business and technology trends.

Indeed, a new article from New York-based Deloitte, “Building Social Media Into the Game Plan,” reports that whether an insurer decides to implement social media or not, consumers are increasingly viewing and assessing the company brand on their own, through social networking tools.

“As the world becomes ever more empowered by mobile devices and new ways to communicate, the impact and the future of social media cannot be dismissed,” the paper, authored by Howard Mills, director & chief advisor of Deloitte’s Insurance Industry Group and Arun Prasad, senior manager Deloitte Consulting LLP, states. “Recognizing the Read more…

Posted in Insurance News | No Comments »

Mass Ilness at Hotel Reminds us of the Need for International Health Insurance

September 1st, 2010

International health insurance is not just for visitors to volatile countries, or for people partaking in dangerous activities while visiting abroad. The truth is, injuries, accidents, and illness can strike at any time, necessitating hospitalization. Visitors to a hotel in Las Vegas found this out the hard way.

Last week, a chemical leak affected patrons of the MGM Grand Hotel in Las Vegas. Over 100 people visiting the hotel’s pool claimed to be made sick from the leak, with 12 making trips to the hospital. These visitors were suddenly faced with a problem, and an expense, they could never have anticipated.

You see, something as seemingly harmless as lounging by the pool can accidentally wind up sending you to a hospital. Read more…

Posted in Insurance News | No Comments »

Hiring by insurers slowing

August 29th, 2010

While insurance companies appear to be more conservative in their plans to add staff than they were six months ago, a new study shows that more than 39% of companies plan to increase staff in the next 12 months, with only 15% planning to trim their workforces in the same period.

The figures from the most recent Jacobson Group and Ward Group “Insurance Labor Market Study” compare with 44% of those surveyed in January indicating that they expected to increase employees and 13% indicating that they expected to decrease employees.

The figures still show improvement in hiring expectations over results from the July 2009 survey, when only 35% of companies expected to add employees and 21% expected to reduce staff in the 12 months ahead.

“To me, the great thing about this survey…is now we’re being able to see some trends in terms of how people are anticipating revenue growth and how that translates into hiring staff,” said Greg Jacobson, co-CEO of the Jacobson Group in Chicago.

The June and July survey of 118 U.S. propert Read more…

Posted in Insurance News | No Comments »

Do you have enough home insurance coverage for your condo?

August 29th, 2010

Condominium-living offers a few obvious advantages: no lawn mowing, no painting window frames or cleaning out gutters.

But it places other burdens on property owners–chief among them is property insurance. A standard homeowners insurance policy for a single-family home typically covers the physical structure of the home, the property on which the house sits, as well as the property within the home.

Condominium or co-op “master” policies

Homeowners insurance is more complicated with condominiums. To ensure top-to-bottom protection for your real estate investment, you will likely need a separate insurance policy to cover the gaps in the condominium association’s “master” policy.

Read more…

Posted in Insurance News | No Comments »

Insurance Tip for the Week: Know Where to Purchase Gap Insurance

August 27th, 2010

Purchasing gap insurance is important for many. If you are buying a new car or leasing, in most cases it is a must. But, when it comes time to purchase that gap insurance policy, have you thought about what company you want your gap insurance through?

Posted in Insurance News | No Comments »

Paying for car insurance by direct debit may push up premiums

August 24th, 2010

Drivers who spread the cost of their car insurance and pay by direct debit could end up paying more than they bargained for because not all car insurance providers are clear about the costs of paying monthly.

According to financial research company Defaqto, which has released a report addressing the challenges currently facing the motor insurance sector, car insurance providers should clarify the cost of paying by direct debit.

Monthly instalments provide motorists with a way of budgeting for their car insurance instead of having to pay the premium in its entirety. Read more…

Posted in Insurance News | No Comments »