Category Archives: Business: Insurance

Press Releases from the Insurance world, What’s new, Popular, Trending and News Worthy. In the ever changing industry of Insurance.

Car Insurance Guide 2020 – How To Handle A Car Insurance Coverage Lapse


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“Forgetting to pay your bills in time has unpleasant consequences, especially if we are talking about insurance premiums. Find out what you have to do after discovering an insurance lapse” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that explains how to handle a car insurance coverage lapse.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/car-insurance-lapsed

A car insurance lapse means that the vehicle is no longer insured, not even by the state’s minimum requirement. Basically, the driver is uninsured. There are two main reasons why a driver would end-up with lapsed coverage: he either has forgotten, or he has no money to renew coverage. In both cases, it is best to review the current coverage offers, by using the free online quotes provided by http://compare-autoinsurance.org


  • The first thing to do when discovering a lapse, is to call the insurance company. In many cases, the driver has simply forgotten to pay the premiums. However, even unintentional, the company will still have to apply some rules and negotiate reinstating coverage.
  • Drivers with just a few days of coverage lapse can be easily reinstated. Furthermore, they can be reinstated by the same carrier.
  • Drivers with longer coverage lapse periods have a different negotiation outcome. It all depends on the carrier and the client’s history. If the policyholder has been a client for a long time, he has been a good driver, the company may decide that they want him back. But in many cases, the driver may have to look for another insurance provider.
  • The reinstatement procedure also differs by the carrier. Some companies may renew the current policy, while other companies will ask the driver to reapply for a new, more expensive coverage. Plus other payment conditions, like electronic payment methods.

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 name insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org

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What Are The Most Valuable Car Insurance Discounts


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“Insurance companies offer a wide range of discounts. But only a few are really valuable and can save you a lot of money,” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org presents the most valuable discounts which will help drivers get substantially lower car insurance premiums. However, the value and eligibility conditions vary by the insurer. This is why it is recommended to use http://compare-autoinsurance.org and compare prices online

Clients should profit from all the discounts they are eligible for. Insurance companies are known for providing multiple discounts. Drivers are recommended to request their insurer to provide a list of discounts and their respective requirements.


  •     Bundling discount. Since car and home are the most expensive to insure, combining coverage with the same company can provide a discount that will save the client a lot of money. Multi-vehicle plans can also provide significant savings. The value of the discounts varies a lot, depending on the insurer, the number of combined policies and the value of the insured belongings. Some companies are willing to offer discounts as high as 20 percent for these bundled packages.
  •     Good driver discount. Keeping a clean driving record for a specific number of years will be rewarded with a discount. Some insurance companies will offer this discount after three years of safe driving, while others will require 5 years. Another advantage of this discount is that it’s usually applied per each driver in the household.
  •     Low-mileage discount. The less a person drives, the lower are the chances to be involved in accidents. Retired persons, those who work from home or have a short commute should ask about this discount. Ask more about the annual mileage that will make the driver eligible.
  •     Good student discounts. This is probably the best way is which teens can save auto insurance money. In order to qualify, the driver must have at least a 3.0 GPA or meet additional requirements (like being on the Dean’s Honorary List). Report cards or other documents are required in order to qualify.
  •     Good credit score discount. Depending on his credit score, a driver can pay less or more on insurance premiums. Studies done by the insurance companies show that drivers with bad credit scores have higher chances to file for a claim or miss payments.

For more car insurance info, money-saving tips and free online quotes, please visit http://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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Drivers With Tight Budget Should Use Online Car Insurance Quotes


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“If you have a limited budget, then getting online quotes is the best thing to do. This will help you get prices better than the ones offered by the current insurer upon renewal,” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that explains how drivers with limited financial possibilities can still obtain cheap car insurance.

For more info and free car insurance quotes online, check http://compare-autoinsurance.org/why-use-car-insurance-quotes-if-you-have-a-tight-budget/

Auto insurance is a necessary, but usually expensive service. On average, it can cost more than $800 per year. Luckily, there are ways to keep costs under control and even lower them. Comparison shopping is recommended by all insurance experts. Drivers can get free car insurance quotes from http://compare-autoinsurance.org and look for offers at reasonable costs.


  •     Analyze how much money can be spent. Before getting any price estimate, a client must know how much they can spend on coverage. That will tell him what policies to buy and maximum coverage limits. Purchasing the minimum requirements is mandatory by law. After the requirements are met, anything extra is up to the policyholder. It is always recommended to buy a little extra more coverage than the minimum.
  •     Notify the insurer about the available budget. A competent insurer will know how to customize a policy based on the client’s available money. After all, every insurance company wants more clients. Some extra services may be skipped in order to achieve the desired insurance premiums.
  •     Buy only the most needed policies or useful extra riders. Adding many extra services may be really tempting. But it will also be very costly. Limit to only 2-3 riders and select the most important ones, like roadside assistance or accident forgiveness.
  •     Set higher deductible levels. Having high deductibles will make premiums cheaper. However, the money should be given immediately after filing a claim. It is recommended to ask for higher deductibles and after getting cheaper premiums, create an emergency fund. Slowly adding more money in that fund will help the driver pay for the deductible, should this ever be needed.
  •     Use online quotes to check all available offers. Online questionnaires allow drivers to select coverage amounts. In this way, the client will be presented with policies that are within his financial possibilities. Customizing several aspects of the questionnaire will help drivers achieve their goals.
  •     Ask for discounts after completing the quote online form. Online forms do not cover all aspects. This is why drivers should also check for all available discounts and their requirements. Getting discounts should become a priority for those with a tight insurance budget.

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

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Providing Proper Maintenance Will Help Drivers Get Cheaper Car Insurance


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“Keeping the car in good shape will help you save money and avoid accidents”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has released a new blog post that explains why drivers should keep their cars in optimal running condition and how this will help them save money on car insurance.

For more info and free car insurance, visit https://compare-autoinsurance.org/how-to-save-money-by-providing-proper-maintenance-to-your-car/

Car accidents can also happen when the engine has problems or tires suddenly explode at high speed. This will lead to insurance claims and higher future premiums. To avoid these, make sure to perform the following during routine maintenance:


  •     Use the right type of oil and change it periodically. To properly maintain your vehicle, it’s important to know what type of oil it needs: regular or synthetic. Depending on the car make, and model, cars that use regular oil, need a change at ever 7,500 – 10,000 miles, and the ones that use synthetic or a blend of synthetic oil, can last even 15,000 miles.
  •     Inspect and, if needed, change worn tires. Make sure that tires are inflated to the recommended PSI for the vehicle’s size. Having properly inflated tires not only help to slow their wear and tear, but also improves gas mileage. To find a vehicle’s recommended PSI, check the owner’s manual.
  •     Change the transmission fluid. To keep the car’s transmission working properly, periodically change the transmission fluid. For an automatic car, the transmission fluid is usually changed between 60,000 miles and 100,000 miles, while a manual car the transmission fluid should be changed between 30,000 miles and 100,000 miles.
  •     Change the air filter. The engine air filter is responsible for cleaning the air from the debris as it enters the engine compartment. If the car’s air filter is getting clogged with dirt, the car may suffer from a reduction in fuel economy, lack of power when accelerating, and even damage to the internal components. These can be avoided when changing the air filter every 15,000 to 30,000 miles.

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 and free car insurance quotes, please visit https://compare-autoinsurance.org/

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Car Insurance 2020 Tips – Why Drivers Should Compare Insurance Rates Before Renewing The Contract


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“Drivers should not let their policies to be automatically renewed without comparing prices. Comparing multiple quotes just before the renewal date can help drivers save considerable amounts of money”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that explains how drivers can save money if they obtain car insurance quotes before the renewal date.

For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/why-compare-insurance-costs-before-renewal/

Policyholders who let their car insurance coverage to be automatically renewed are probably making a big mistake. Drivers should research the insurance market and look for better deals before renewal time arrives. Usually, insurance companies are sending renewal information with 30-45 days before the renewal date. This period is enough for policyholders to analyze the insurance prices and to decide if they should remain with the current provider or they should look for another one.

Before making any major decision, drivers should consider the following:


  • Verify if the insurance provider has been updated with the recent major changes. The new insurance rates should consider the recent major changes in the lives of the policyholders. Many of these changes can have a significant impact on insurance premiums. Events, like getting married, or getting a better job, can lower the costs of car insurance. If the insurer is not aware of these events, drivers should contact them and ask for updated insurance rates.
  • Look for better car insurance companies If all info is correct, but the premiums have risen, then the policyholder is the victim of price optimization. This strategy is used by insurance providers on clients who are deemed to be less likely to look for better insurance deals on the insurance market. In this case, drivers should consider switching their carriers and look for better car insurance deals.
  • Shop around for better car insurance deals. Comparing online car insurance quotes can help drivers find better car insurance deals. Brokerage websites will allow drivers to discover insurance offers made by multiple insurance providers that sell policies in their areas. Drivers who got the insurance policy they wanted can request the help of an insurance agent to further customize that policy and save more money on insurance.
  • See if you can benefit from really good discounts. Drivers who are considering switching their insurers should check the discounts provided by the current carrier. Bundling discounts can be really rewarding and drivers who combine the homeowner’s insurance with car insurance can save as much as 20%.

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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Industry Veteran Laurie Solomon Joins LineSlip Solutions as Strategic Advisor


LineSlip Solutions, the SaaS company at the heart of the commercial insurance industry’s digital transformation, today announces that Laurie Solomon has joined the company as Strategic Advisor. In her role, Solomon will use her deep industry expertise to help bridge the gap between brokers, carriers, insureds and the up-and-coming insurtech company.

LineSlip Solutions president Lee Stevenson says, “Laurie is a proven senior risk executive with extensive global experience in insurance and risk management. She is widely recognized as a thought leader and will be a huge asset for LineSlip and our customers.”

Solomon has experienced the commercial insurance industry from all angles. She started her career as an Underwriter and Account Executive for The Travelers Insurance Company, where she coordinated all service delivery for her clients and underwrote a diverse book of large corporate accounts. Laurie later joined The Coca-Cola Company where she served as Director, Global Risk Management for 11 years. She led a team of 22 professionals and set strategy for Coca-Cola’s global Risk Management approach. She was selected for the Business Insurance Risk Manager of the Year Honor Roll in addition to receiving Honorable Mention in the “Innovators” edition of Risk & Insurance Magazine and received the World Captive Forum’s Company Award of Excellence on behalf of The Coca-Cola Company.

In 2016, Laurie established ELT Risk Solutions, LLC, a Risk Management Advisory firm specializing in the property-casualty insurance arena, serving midsize to large companies. ELT works with Risk Managers, Start Ups and Corporate Executives as a strategic partner or outsourced Risk Manager, to lead and manage insurance-related projects, solve risk management problems, strategize for efficiency, leverage data and evaluate alternatives to bring value to the bottom line.

Solomon says, “I am excited to work with insureds and the greater risk management community to help solve some of the problems in our industry. We have so much opportunity to leverage technology and data to make smarter decisions, but adoption has been slow because insurtech typically lacks the insider’s view into the realities of day-to-day processes. I am looking forward to introducing the industry to LineSlip and ushering in a new way of leveraging data that doesn’t involve change management or retooling.”

About LineSlip Solutions, Inc.

LineSlip Solutions was founded in 2016 by entrepreneurs with over 40 years of commercial insurance experience as brokers, producers, underwriters and executives. Purpose-built for the commercial insurance industry, we have created a framework that uses Natural Language Processing to automatically extract and structure data previously locked in quotes, proposals and other insurance documents. Using that framework, LineSlip Markets allows brokers to easily generate proposals and present quote comparisons while collecting, analyzing and using the data generated in the marketing process to make smarter, more timely business decisions that affect the bottom line. LineSlip Solutions is based in New York City and is actively working with some of the leading brokerage firms in the country.

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AssuredPartners Acquires Lundstrom Insurance Agency, Inc.


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“We feel that Lundstrom Insurance Agency is a great partner for us within a great region,” stated AssuredPartners President and COO Tom Riley.

AssuredPartners, Inc. is delighted to announce the acquisition of Lundstrom Insurance Agency, Inc. located in Elgin, IL. The agency currently reports $7.3 million in annualized revenues.

“Since the 1950s, Lundstrom Insurance Agency has operated on the philosophy of ‘The best interests of our clients are our best interests’,” stated Brett Lundstrom. “This ideal guides our team and by joining AssuredPartners, we will continue to operate with the shared goal of exceeding client expectations.”

“AssuredPartners develops customized solutions tailored for each company’s needs and priorities and we feel that this is a great fit as we expand in the Illinois marketplace,” said AssuredPartners Regional President Todd Stocksdale. “We are pleased to have the clients and team members of Lundstrom Insurance Agency join AssuredPartners.”

“We feel that Lundstrom Insurance Agency is a great partner for us within a great region,” stated AssuredPartners President and COO Tom Riley. “We look forward to working with their team and would like to welcome the staff and clientele of Lundstrom Insurance Agency to AssuredPartners.”

For more information on Lundstrom Insurance Agency Inc., please visit: http://www.lundstrominsurance.com.

ABOUT ASSUREDPARTNERS, INC

Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in London. From its founding in March of 2011, AssuredPartners has grown to over $1.4 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with over 170 offices in 30 states and London. For more information, please contact Dean Curtis, CFO, at 407.708.0031 or dean.curtis@assuredpartners.com, or visit http://www.assuredpartners.com.

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What Does a Better Health Care System Look Like?


The American College of Physicians (ACP) has issued a bold call to action, challenging the U.S. to implement a systematic reform of the health care system. Recently, practicing internist and President of the ACP, Robert M. McLean, MD, MACP and Robert B. Doherty, Senior Vice President of Governmental Affairs and Public Policy at ACP, teamed with YourUpdateTV to discuss how the U.S. can fix its ailing health care system.

A video accompanying this announcement is available at: https://youtu.be/Yjiu3AQe2ls

In short, ACP believes that American health care costs too much, leaves too many behind without affordable coverage, doesn’t incentivize patient interests, undervalues primary care, and creates barriers to care for vulnerable individuals.

In a series of interconnected and comprehensive policy papers ACP address issues related to coverage and cost of care, health care payment and delivery systems, and barriers to care and social determinants of health.

ACP’s recommendations include transitioning to a system that achieves universal coverage through two potential approaches: a single payer financing system or a publicly-financed coverage option with regulated private insurance, both of which could allow spending on administration to be redirected to patient care.

Because coverage alone doesn’t not guarantee access to good care, ACP also recommends reforming payment and delivery systems around patients’ needs and addressing social and public health issues that undermine health.

For more information, visit acponline.org.

About Robert M. McLean, MD, MACP:

Robert M. McLean, MD, MACP, is President of the American College of Physicians (ACP). His one-year term began in April 2019. A resident of Woodbridge, Connecticut, Dr. McLean practices internal medicine and rheumatology in New Haven, Connecticut and is medical director with the Northeast Medical Group of Yale New Haven Health. He is an Associate Clinical Professor of Medicine at Yale School of Medicine and has served as an Attending Physician at Yale-New Haven Hospital since 1994.

About Robert B. Doherty:

Mr. Doherty is Senior Vice President of Governmental Affairs and Public Policy for the American College of Physicians (ACP), the largest physician specialty society and second largest medical organization in the United States. Mr. Doherty has more than 40 years of health policy experience and is the author of many of ACP’s policy papers, including the Call to Action for a New Vision for American Health Care.

About the American College of Physicians:

The American College of Physicians is the largest medical specialty organization in the United States with members in more than 145 countries worldwide. ACP membership includes 159,000 internal medicine physicians (internists), related subspecialists, and medical students. Internal medicine physicians are specialists who apply scientific knowledge and clinical expertise to the diagnosis, treatment, and compassionate care of adults across the spectrum from health to complex illness. Follow ACP on Twitter, Facebook, and Instagram.

About YourUpdateTV:

YourUpdateTV is a social media video portal for organizations to share their content, produced by award-winning video communications firm, D S Simon Media (http://www.dssimon.com). It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology.

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LECMPA President Susan Tukel to Speak at RIMS Detroit and CPCU Detroit Gathering


“The more we share information and ideas, the more we learn from each other, and the better we serve our policyholders,” said Susan Tukel.

LECMPA, provider of wage loss insurance for union railroad and transportation workers, announced that President Susan Tukel spoke to members of the Risk and Insurance Management (RIMS Detroit) and Credential Property and Casualty Insurance Professionals (CPCU Detroit). She talked about the unique underwriting and risk management practices of her organization. The meeting was Thursday, January 23, 2020 from 6:00-9:00 pm at the Detroit Historical Museum.

Tukel, a member of the Detroit Historical Society Board of Directors, has served as president of LECMPA for 15 years and helped grow the memberships of the insurer to more than 30,000 members. Previously the legal counsel to LECMPA, Tukel has an extensive background in labor law and union practices as well as credentials in insurance underwriting.

“I am personally honored to speak to the Detroit chapters of RIMS and CPCU.” said LECMPA President Susan Tukel. “The more we share information and ideas, the more we learn from each other, and the better we serve our policyholders. ”

About LECMPA

LECMPA, founded in 1910 as a cooperative assessment insurer for railroad workers, provides wage loss protection to unionized transportation workers in all crafts and industries throughout the United States. LECMPA is a nonprofit, member-owned company with more than 30,000 members nationwide. LECMPA is headquartered in Southfield, Michigan. More information is available at http://www.lecmpa.org

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Can A Policyholder Get Cheaper Coverage If The Spouse Has DUI/DWI?


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“Finding cheap coverage for a spouse that was convicted for DUI/DWI might be tricky, but with the help of specialized insurers this task can be completed faster ”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that explains how someone can find cheaper car insurance if his spouse has been charged with DUI/DWI.

For more info and free online quotes, please visit https://compare-autoinsurance.org/can-you-get-cheaper-car-insurance-if-your-spouse-has-dui-dwi/

A DUI/DWI conviction can dramatically increase car insurance expenses. In many cases, the price of insurance will be double or triple. Also, if the convicted driver is married, the extra cost of insurance may be passed to the spouse.

In order to maintain affordable car insurance when a spouse has a DUI/DWI conviction, there are only two options:

  • Exclude the convicted spouse from the policy. In the US, most married couples have joint car insurance policies. Excluding the DUI/DWI convicted spouse, will help the other spouse maintain his good driver status and affordable insurance premiums. In that case, the convicted spouse will have to be informed that he can’t drive the other’s spouse vehicle. If the partner does drive the vehicle and he gets involved in an accident, the insurance company will probably refuse to pay for any damage or medical expenses.
  • Maintain an active SR-22 form. The DUI/DWI convicted spouse will probably be ordered to carry an SR-22 form. The SR-22 form proves that the convicted spouse is financially responsible and carries the state’s minimum car insurance. Depending on each state’s law, the convicted spouse will have to carry an SR-22 form for a period that ranges from one year to five years. To find affordable coverage for DUI/DWI convicted drivers is not easy. First, the current insurance provider should be contacted and check if they are willing to insure a DUI driver. If not, then an online search for specialized insurers that deal with high-risk drivers is recommended.

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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