Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

Top Discounts That Will Help Drivers Get Affordable Car Insurance


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“Even if you don’t have financial problems, you shouldn’t say no to an opportunity to save money on car insurance. The various discounts provided by insurers can make the insurance premiums to be very affordable”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Even though they are not financially struggling, drivers should take advantage of car insurance discounts. Car insurance companies can reward their customers with various discounts, for various reasons. These discounts can help policyholders save hundreds of dollars per year, or even more.

The following discounts can help drivers obtain affordable insurance policies:


  • Multi-policy discount. This discount is probably the best and the most rewarding discount available on the market. Insurance companies are pleased when their customers bring more business to them. Policyholders that own a home and a car, can bundle these two policies together and obtain a discount that can be as high as 20%.
  • Multi-vehicle discount. If there are more vehicles in a household, then drivers can save money on car insurance if they bundle the vehicles’ insurance policies. The combined policy will be cheaper than insuring the vehicles on separate policies.
  • Good credit score discount. Policyholders who have a good or excellent credit score are rewarded with lower insurance premiums. Insurance providers claim that drivers with a good credit score are more responsible on the road and they have a smaller number of insurance claims compared to drivers who have a poor credit score.
  • Good driver discount. Depending on the insurance provider, drivers who manage to keep their driving records clean for a period that is between three to five years are eligible for this discount.
  • Low-mileage discount. Policyholders who drive fewer miles than usual can get this discount. Drivers who spend less time on the roads are less likely to be involved in car accidents. Insurance providers can offer a significant discount to those drivers who manage to drive fewer miles in a year than a certain limit.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Preferred Health Insurance Solutions Provide Tips To Assist Individuals in Securing an Affordable 2021 Marketplace Open Enrollment Plan


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Overall, this year OEP premium increases are in the single digits and decreases are not uncommon

Preferred Health Insurance Solutions team of licensed insurance professionals utilize marketplace knowledge to help individuals find affordable marketplace enrollment plan solutions.

“The 2021 Open Enrollment Period (OEP) is Preferred Health Insurance Solution’s (PHIS), formally known as ACA Marketplace Enrollment Solutions (ACAEnroll.com), (7th) seventh OEP. PHIS, licensed insurance professionals can utilize marketplace experience to help individuals find affordable health coverage options to meet their needs and budget,” remarked Robert Dial, Vice President, PHIS. “Overall, this year OEP premium increases are in the single digits and decreases are not uncommon,” Dial added. (1)

One of the advantages of working with a licensed health insurance professional is often times they are able to utilize their experience, to help the insured secure a marketplace plan that is in line with their budget and insurance needs. In addition to the cost for monthly health insurance premiums, an individual also needs to look at other out-of- pocket expenses such as deductibles, co-insurance limits and prescription drug coverage.

The 2021 Open Enrollment Period (OEP) began on Sunday, November 1st and goes to Tuesday, December 15, 2020. Individuals who do not enroll by December 15th cannot get a marketplace health insurance plan, until the next OEP, unless they have a qualifying event under the Special Enrollment Period. To help individuals begin this process, Dial outlines some critical steps to finding the most cost-effective plan and important OEP deadline reminders.

Tip 1: Work with a certified insurance broker who can help you select a policy for the new calendar year. Dial added, “After evaluating the individual’s or family’s overall needs, a licensed health insurance professional can shop the Marketplace in order to review coverage options. PHIS’s certified insurance brokers are able to quickly walk a client through the entire process of selecting a healthcare plan and enrolling them for coverage. Additionally, PHIS will be able to respond to any questions the insured may have regarding their 2021 health insurance plan.”

Tip 2: Gather all information needed to calculate any subsidies the insured my qualify for. Prior to starting the application process Dial recommends the individual gathers necessary tax documents. Having past tax documents available will help ensure financial information is entered correctly. Employer and income information for every member of your household that will be included on the policy. Pay stubs or W2 forms will be needed as well. This information is needed to calculate any subsidies the insured may qualify for, which will help lower the cost of policy premiums.

Tip 3: Be aware of important deadlines and dates outlined by the federal government. These dates include:

a. Tuesday, December 15th: OEP closes.

b. Friday, January 1st, 2021: The date when 2021 health insurance plan coverage begins.

“Purchasing health insurance through the Marketplace can be a confusing process. That is why working with an agency that has experienced licensed insurance professionals is so important. There are several factors, government rules, and provisions to consider before purchasing health insurance. The OEP provides consumers the ability to shop for new plans and enroll for coverage. This is the only time consumers can purchase a qualified, guaranteed issue, Major Medical Health Plan, without a qualifying event,” Dial concluded.

Source (1) https://www.cms.gov/blog/decreasing-premiums-increasing-choice-and-better-consumer-experience-healthcaregov

About Us: Headquartered in Bedford Park, Illinois, Preferred Health Insurance Solutions (PHIS) is a national enrollment firm specializing in the Health Insurance Marketplace as well as a variety of other health insurance products including: Dental, Critical Illness; Short Term Major Medical; and others. PHIS, formerly known as ACA Marketplace Enrollment Solutions (ACAEnroll.com) provides enrollment services throughout the country, through national and regional health insurance carriers on or off the marketplace. Consumers can call the PHIS Call Center at 800-342-0631 or access the company’s website at https://www.PHISonline.com.

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Why Drivers Should Renew Their Car Insurance Around Black Friday


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“Black Friday will help drivers find the best discounts. For many, now is the perfect time to renew coverage or switch insurers”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Renewing car insurance is something that should come as the natural thing to do for any responsible driver. Without any form of insurance, he will be heavily penalized by either the authorities, when caught driving without insurance, or by insurance companies, when he finally decides to get some coverage. The main problem of those who do not want to renew their insurance plan is the associated cost of auto insurance. And many of them are right since there are so many companies who seem to charge customers a seemingly unfair price.


  • Renewing the contract at the right time is a smart way to get cheap auto insurance. Renewing your car at the right time will help you save a lot of money and gain peace of mind. In order to get better deals, there are several conditions to be met. First of all, you must meet certain requirements, find the right insurance providers, and negotiate.
  • Renewing car insurance on Black Friday is really beneficial because this is the time when the biggest discounts can be found. And there are other bonuses which can be grabbed during this day. On the promotional list you may find cheaper extra services or more accident forgiveness programs.
  • Insurance companies are aware of the tempting offers their rivals may promote. In many cases, the only way to counter-attack is to also provide insurance cost-cutters. This is why the market is teeming with special offers for those who want to renew the policies in advance during Black Friday. Renewing a policy in advance will spare the company from some paperwork and will help it plan its budget better.
  • Also, consider switching carriers. One of the most popular promotions is a discounted rate for a short period of time: say, 20-30% off the first six months of car insurance when buying a one-year plan. The car insurance company gets a new customer, and the client gets 30% cheaper car insurance for the first six months.
  • It is always recommended to initiate the renewal procedures in advance and ask for some documents. When Black Friday starts, make sure to have all papers ready and check for the latest price updates.

For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.org.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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The Austin American-Statesman Names RoadVantage a Winner of the 2020 Austin Top Workplaces Award


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RoadVantage is recognized as a 2020 Top Workplace

“We are extremely proud of the service-minded culture we’ve built here at RoadVantage,” said Garret Lacour, RoadVantage CEO. “This award is a gratifying acknowledgment of the positive way our employees feel about our company.”

RoadVantage has been awarded a Top Workplaces 2020 honor by The Austin American-Statesman. The list is based solely on employee feedback gathered through a third-party survey. The anonymous survey measures 15 individual drivers of engaged cultures that are critical to any organization’s success: including alignment, execution, and connection, just to name a few.

“We’re really pleased to win this award,” said Randy Ross, RoadVantage President of Sales. “In challenging times, it is more important than ever to maintain a strong connection between employers and employees. We have consciously sought to hire the very best talent at every level of the company and in every department. The Top Workplaces program accolade confirms our efforts to create a dynamic working environment that is good for both the company and our people. We feel honored to be recognized by our staff.”

“We are extremely proud of the service-minded culture we’ve built here at RoadVantage,” said Garret Lacour, RoadVantage CEO. “This award is a gratifying acknowledgment of the positive way our employees feel about our company. The result is a team of top-shelf industry professionals, working together, to meet and exceed the highest expectations of our Agent Partners, their Dealers, and customers every day.”

About RoadVantage

Fueled by innovation, led by industry veterans, and powered by passion to create an exceptional customer experience, RoadVantage is the #1-rated F&I provider in the industry. With a team that leverages technology and a streamlined approach, RoadVantage is setting new standards for performance, with exclusionary programs providing the most comprehensive coverages available anywhere in the industry today. RoadVantage’s industry-leading service levels result in 98% of claims approved in seven minutes or less, and 99% of claims paid within 1 hour of receipt of the signed invoice. RoadVantage offers a full portfolio of mechanical VSC and ancillary products through certified agents and is headquartered in Austin, TX with regional offices in Boston, MA; Dallas, TX; Phoenix, AZ; St. Augustine, FL, and Richmond, VA. For more information, visit http://www.roadvantage.com.

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PCMI Integrates with BerkOne to Provide Automated Printing and Mailing within PCRS


PCMI & BerkOne Integration

We partnered with PCMI to further automate administration, improve customer satisfaction with automated correspondence, and provide a framework for administrators to document compliance – all at a lower cost by taking advantage of our facilities and team. – Tom Tripodi, Vice President, BerkOne

PCMI has integrated with BerkOne, a leading provider within the content and process automation industry. This partnership comes in conjunction with PCMI’s announcement of its new Notification Center Module within their Policy Claim and Reporting Solutions™ (PCRS) platform. While this new module has the ability to send automated emails and text notifications, there is still a need for administrators to send physical mail due to compliance standards. This partnership fulfills that need – administrators can set event-based triggers for when a letter needs to be sent, and BerkOne’s facilities will automatically print, mail, and reconcile the materials once that trigger is activated.

Because of this partnership, no additional action is required on the administrator’s behalf during the printing and mailing process. They are able to focus on their core marketing and sales opportunities while enjoying reduced overhead costs. This integration also enables customers to see when their letter was sent within their PCRS account, further helping administrators document their compliance.

“We partnered with PCMI to further automate administration, improve customer satisfaction with automated correspondence, and provide a framework for administrators to document compliance – all at a lower cost by taking advantage of our facilities and team. We’re impressed with PCMI’s integrated software solutions for its clients, and we’re thrilled about our partnership.” – Tom Tripodi, Vice President, BerkOne.

“PCMI and BerkOne have already seen success with deploying this integration and we look forward to rolling this out to additional customers to help reduce their costs. We’re excited about this integration because it symbolizes our continued dedication to digitizing our customers’ most important processes, helping them save time while maintaining their compliance. We believe that automated letters are only the beginning; we plan on bringing additional functionalities such as this to our customers by utilizing our partnership with BerkOne.” – Mark Nagelvoort, President & CEO, PCMI

About BerkOne

BerkOne, a leader in content and process automation, works with organizations that require the highest levels of audit and compliance. The company’s technology and services focus on document capture and digitization providing searchable and actionable data with just a point and click. BerkOne began in 1936 as part of the Berkheimer tax administration organization. Today, as an independent company, BerkOne blends innovative spirit with vast experience and an unmatched personnel and technology infrastructure to develop highly creative solutions for today’s business challenges.

For more information, please visit berkone.com or contact Vice President of BerkOne, Tom Tripodi, at ttripodi@berkone.com or (866) 396-8194.

About PCMI Corporation

PCMI offers a modular package of software solutions for the administration of F&I Products, Service Contracts, and Extended Warranties. Our SaaS platform, Policy Claim and Reporting Solutions™ (PCRS), supports and automates the full lifecycle of all aftermarket products and provides the most flexible environment for administrators, insurers, OEM’s, agents, and dealers to launch new products. Our global team enables continuous around-the-clock innovation and customer-focused support.

Please visit http://www.pcmicorp.com for more information or contact Mark Nagelvoort—President & CEO at mark.nagelvoort@pcmicorp.com or (847) 653-6916 Ext. 100.

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Why Drivers Should Buy Car Insurance During Black Friday


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“Black Friday is the perfect time to review your insurance needs, get online quotes and find more rewarding offers”. said Russell Rabichev, Marketing Director of Internet Marketing Company.

If you think that car insurance should be on top of the Black Friday shopping list, then you are totally right. And rest assured you are not the only driver that thinks the same. In fact, there are many millions of people who consider Black Friday an opportunity to reduce, if not permanently at least for a short period of time, the costs of expensive services. And considering how expensive some policies are, drivers should be on the lookout for this year’s exclusive deals. Drivers are advised to use several auto insurance quotes online. They will help drivers get an edge and be prepared to negotiate for better premiums or discounts.

  • This year, Black Friday is on November 27th and it marks the beginning of the Christmas shopping spree. The clock is ticking and prospective clients should get ready. The insurance providers have already started selling tempting offers. We can see all sorts of radio, TV, and online ads.
  • Black Friday is the best time to switch companies. One of the most popular promotions is a discounted rate for a short period of time: say, 30% off the first six months of car insurance when buying a one-year plan. The car insurance company gets a new customer, and he gets 30% cheaper car insurance for the first six months.
  • Each insurance company has its deduction limits. After all, it’s complicated to provide huge discounts in the insurance industry. If an auto insurance company suddenly gives car insurance to thousands of high-risk drivers, it exposes them to huge liability. With the discounted rates, they might not have the money to cover all of the new drivers. While bigger companies may provide a 10-15% discount for several months, smaller and less-known companies may adopt a more aggressive sales tactic and provide bigger discounts, like 30-40% for more time.
  • Prices vary widely and in order to keep track of all opportunities, we recommend drivers to monitor several insurance and consumer report websites. Getting quotes during Black Friday is also a smart idea. Also, keep in mind that besides online negotiations, drivers should also try to speak face to face with insurance representatives. In some cases, this approach is more rewarding.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, free quotes and money-saving tips, please visit https://compare-autoinsurance.org/

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SmartFinancial Ranked Number 249 Fastest-Growing Company in North America on Deloitte’s 2020 Technology Fast 500™


SmartFinancial today announced it ranked 249 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 26th year. SmartFinancial grew 452% during this period.

SmartFinancial’s chief executive officer, Lev Barinskiy, credits its proprietary technology platform and superior customer service with the company’s 452% revenue growth. He said, “It’s very rewarding to be recognized by Deloitte’s Fast 500 for the 3rd year in a row and we are extremely proud of our team for their continued dedication to our customers. We are grateful to be acknowledged amongst some of the most innovative technology companies and we are excited to continue to develop our technology platform to enable consumers and carriers to connect more efficiently. “

“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”

“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”

SmartFinancial previously ranked 464 as a Technology Fast 500™ award winner for 2019 and 227 for 2018.

Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%.

About Deloitte’s 2020 Technology Fast 500™

Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About SmartFinancial

SmartFinancial is a technology company that has revolutionized the insurance-buying experience with a transparent insurance-technology platform that pairs people with the right insurance carrier. SmartFinancial also serves insurance agents and insurance carriers across the country with high-intent, customer-initiated leads and live-transfer calls.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see http://www.deloitte.com/about to learn more about our global network of member firms.

# # #

PR Contact: Fran Majidi

877.323.7750

SmartFinancial.com

fran@smartfinancial.com

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FMG Suite Makes Strategic Executive Hires to Accelerate Go-to-Market Capabilities


FMG Suite Logo

FMG Suite Logo

“Patti and Rob bring tremendous strategic and operational experience that will help take our business to a whole new level. I’m delighted to have them on the team as we continue to expand our market share and customer base,” said Scott White, CEO of FMG Suite.

FMG Suite, a SaaS company specializing in marketing software and services for financial advisors and insurance agents, today announced the appointment of Patti Newcomer as its Chief Marketing Officer (CMO) and Rob Patrick as its Chief Sales Officer.

Financial services and technology industry veteran Patti Newcomer joins FMG Suite as CMO, bringing to the role more than 30 years of executive leadership experience spanning product and marketing. During her seven years at Intuit, Newcomer was responsible for all marketing functions for the Professional Tax and Financial Services businesses. Prior to that, Newcomer held executive leadership roles in marketing at WorldPay US (now FIS), Wachovia (now Wells Fargo), and Capital One.

As CMO, Newcomer will lead FMG Suite’s brand and product positioning and refine its go-to-market approach. Driven by analytics and a passion for identifying the most effective growth practices, Newcomer is a valuable addition to the leadership team, tasked with executing an ambitious multi-year plan featuring significant growth targets.

“I’m eager to roll up my sleeves and partner with our sales team to deliver on our ambitious revenue goals,” said Newcomer. “The company has hit major milestones throughout what has been a challenging year, and I’m excited to be part of this next phase in FMG Suite’s growth.”

Also joining the company as Chief Sales Officer, Rob Patrick brings more than 25 years of strategic sales leadership experience to FMG Suite. His career in disruptive enterprise software companies spans roles at Mitratech and LexisNexis. He most recently served as the SVP of Sales and Marketing at KPA, a company specializing in environmental safety and workplace compliance software for midsize businesses.

Patrick will grow FMg Suite’s enterprise software business, identify new revenue opportunities, and pioneer new markets for the company. He will also oversee the strategy and performance of FMG Suite’s sales and business development teams.

“I am thrilled to join FMG Suite at this time,” said Patrick. “The company has reinvented how digital marketing services are delivered to financial professionals and insurance agencies, and the value we can deliver directly to RIAs and broker-dealers is unparalleled and as yet, unproven.”

“Patti and Rob bring tremendous strategic and operational experience that will help take our business to a whole new level. I’m delighted to have them on the team as we continue to expand our market share and customer base,” said Scott White, CEO of FMG Suite.

About FMG Suite

FMG Suite powers an all-in-one marketing platform that helps financial advisors and insurance agents attract new leads, stay connected with clients, and grow their businesses. Rated first in market share and customer satisfaction in the 2019 and 2020 T3 Software Survey Report, FMG Suite helps its customers develop comprehensive marketing strategies and automate their most effective marketing tactics. FMG Suite is headquartered in San Diego, CA with satellite offices across the United States.

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NFP Makes Another Strong Showing on the National Association of Plan Advisors List of Top Women Advisors


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“Recognition is a core element of our people-first culture so we welcome NAPA’s acknowledgement of these exceptional people within our organization and the work they do for clients,” said Doug Hammond, chairman and CEO of NFP.

NFP Makes Another Strong Showing on the National Association of Plan Advisors List of Top Women Advisors

This year’s list includes 12 NFP advisors, highlighting depth of talent within NFP’s retirement team

NFP, a leading insurance broker and consultant providing employee benefits, property and casualty, retirement, and individual solutions, today announced that 12 NFP retirement advisors have been named to the National Association of Plan Advisors (NAPA) 2020 list of Top Women Advisors.

The list, drawn from nominations provided by NAPA broker-dealer/RIA firm partners and vetted by a panel of judges, recognizes top retirement professionals who are evaluated based on a combination of quantitative and qualitative data. Nominees are honored in three categories: Captains, All-Stars and Rising Stars. Captains are top producers who are principals, owners or leaders of their organizations. All-Stars are top producers who lead a practice. Rising Stars are top producers with less than five years of experience working as a financial advisor focused on retirement plans.

The NFP advisors named to the NAPA list for 2020:


  • Captains: Pam Basse, Jamie Hayes and Vanessa Watkins
  • All-Stars: Jessica Espinoza, Allison Kaylor-Flink, Paula Hendrickson, Emily Hopkins, Lily Matias, Kim Pruitt and Jill Shea
  • Rising Stars: Morgan Davis and Colleen McNulty

“Recognition is a core element of our people-first culture so we welcome NAPA’s acknowledgement of these exceptional people within our organization and the work they do for clients,” said Doug Hammond, chairman and CEO of NFP. “We are proud of these women, inspired by their leadership and excited by their ongoing ability to elevate retirement success for employers and their employees across the country.”

“I am incredibly impressed by these women and what they’re accomplishing in the retirement industry,” said Nick Della Vedova, president of NFP’s retirement division. “They are consistently delivering exceptional expertise, solutions and service to their clients and it’s exciting to see NAPA recognize them for their hard work and results. We look forward to continuing to cultivate leaders in the retirement space, grow our retirement business and deliver more value to the employers and participants we serve.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,700 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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Why More And More Drivers Prefer UBI Car Insurance Programs


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“Usage-based insurance programs will allow drivers to quickly gain large discounts. Besides that, drivers will be encouraged to adopt safer driving habits in order to obtain those discounts”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Usage-based insurance, or UBI for short, is one of the most recent forms of insurance introduced in the car insurance industry. Policyholders can lower the costs of their insurance if they allow their insurers to install a small telematics device in their vehicles. This device will record driving habits and send them back to the insurance company.

Policyholders that enroll in a usage-based insurance program will gain the following advantages:


  •     Drivers can obtain fast discounts. Usually, insurers need to analyze years of driving history before offering a discount. But with the help of UBI programs, a good driver discount can be obtained much faster. The telematics device that analyzes driving habits is typically installed for just 30 days. This period is enough for most insurers to decide if they offer a good driver discount or not.
  •     Get a low-mileage discount. One of the factors monitored by the telematics device is the number of miles covered by the policyholder in a certain period. If a policyholder drives fewer miles than a certain limit, he is eligible for a low-mileage discount.
  •     It encourages safer driving habits. The telematics closely monitors the driving habits and the policyholders know that. In order to not be penalized, drivers will adopt better habits and safer driving habits.
  •     UBI programs help authorities investigate accidents. The telematics devices constantly record all sorts of data about the vehicle. Data like speed, traveling direction, airbag deployment and hard braking can help authorities find out what happened in a car accident.
  •     Significant discounts for teen drivers. It is known that teen drivers pay high premiums on their insurance. One of the methods that can help them pay less on car insurance is to enroll in a UBI program. Teen drivers that have good driving habits will be rewarded with substantial discounts.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, free quotes and money-saving tips, please visit https://compare-autoinsurance.org/

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