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.

Adjusteck Enhances Claims Handling in South America with Viollier & Asociados Partnership


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We are excited to welcome Viollier loss adjusters in Chile to the affiliated network partnership of Adjusteck. We look forward to providing an enhanced claims handling service in South America.

Adjusteck LLC, a loss adjusting and claims management business dedicated to helping insurers manage loss worldwide, announces its newest affiliate partnership with Santiago, Chile-based Viollier & Asociados (V&A). The partnership helps to further expand Adjusteck’s capabilities in South America and enables immediate response and specific expertise in handling of technical and complex claims, as well as claims resulting from catastrophic events in the region.

V&A brings more than 60 years of claims adjustment, assessment, and services to the insurance industry. The highly qualified V&A team is capable of handling large and technical claims and has proven experience in mining, engineering, marine cargo, casualty, and retail claims.

“We are excited to welcome Viollier loss adjusters in Chile to the affiliated network partnership of Adjusteck. We look forward to providing an enhanced claims handling service in South America,” remarks David Bosley, managing director of Adjusteck.

Adjusteck is a technology-oriented loss adjusting and claims management firm, serving the global insurance and reinsurance markets with services backed by industry experts.

Alongside deep subject-matter expertise, Adjusteck applies cutting-edge technology solutions, including geospatial and aerial surveys, virtual claims handling, and advanced claims management software to resolve claims with greater efficiency.

The company’s services include remote and field-based claims review and oversight in Casualty, Construction, Energy, Engineering, Cyber, Financial, Natural Resources, Property, and Specie.

To learn more about Adjusteck, visit adjusteck.com.

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High Cost of No-Fault Claims Puts New York Among the Least Affordable States for Auto Insurance


“The affordability of auto insurance is an issue in New York, with personal injury protection claim costs increasing much faster than inflation. The state’s insurance consumers are paying the price for the high level of medical utilization and a very litigious no-fault system.”

New York ranks as the fourth-least-affordable state in the country for auto insurance, according to a study from the Insurance Research Council (IRC). New York’s affordability index was 2.21 percent from 2013 through 2016, compared with 1.58 percent countrywide. The affordability index is the ratio of average expenditures on auto insurance to median household income, and only Louisiana, Florida and Michigan experienced higher relative insurance costs than New York. Key drivers of the state’s elevated auto insurance costs include the high cost of personal injury protection (PIP) claims, high rates of medical utilization, and the high level of litigiousness of the system.

With mandated PIP coverage of $50,000, New York’s no-fault auto insurance system is one of the most generous in the country. The average PIP claim was 35 percent larger than the countrywide average in 2017. Moreover, costs have been growing much faster in New York, where the average cost of PIP claims increased 8 percent annualized from 2012 to 2017, compared with 2 percent countrywide. Several types of medical providers and procedures were more heavily utilized in New York. For example, New York PIP claimants were more than four times as likely as those in other states to visit alternative medical providers, such as acupuncturists or massage therapists.

Another major cost driver in New York’s auto insurance system is attorney involvement and litigation. In 2017, nearly half of PIP claimants in New York hired attorneys, compared with 38 percent among claimants in other states. In addition, one in four PIP claims involved a lawsuit, nearly three times the rate in other states.

“The affordability of auto insurance continues to be an issue in New York,” said David Corum, CPCU, vice president of the IRC. “PIP claim costs are increasing much faster than inflation. The state’s auto insurance consumers are paying the price for the high level of medical utilization and a very litigious no-fault system.”

The report, Auto Insurance Affordability: Cost Drivers in New York, combines information from IRC closed-claim research and other sources and is part of IRC’s ongoing research into the factors driving the affordability of auto insurance. For more information on the study’s methodology and findings, contact David Corum at (484) 831-9046 or by email at IRC@TheInstitutes.org.

The Insurance Research Council (IRC) is a division of The Institutes, the leading provider of risk management and insurance knowledge solutions. The Institutes offer professional and associate designations, including the CPCU® program, along with introductory, foundation, and leadership programs; online and continuing education courses; custom solutions; assessment tools and industry consortia.

The IRC provides timely and reliable research to all parties involved in public policy issues affecting insurance companies and their customers. The IRC does not lobby or advocate legislative positions. It is supported by leading property-casualty insurance organizations.

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NFP Named to Business Insurance’s Annual List of Best Places to Work in Insurance


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“I consistently see our employees stepping up to support each other and our clients, while exhibiting new levels of empathy, gratitude and resilience,” said Doug Hammond, chairman and CEO of NFP.

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced it has been named to Business Insurance’s annual list of Best Places to Work in Insurance for the fourth consecutive year. The award recognizes employers through their employees’ anonymous feedback and ratings for their outstanding performance in establishing workplaces where employees can thrive, enjoy their work and help their companies grow.

“This recognition from Business Insurance is a tribute to our employees and the inclusive culture we’ve worked to cultivate,” said Doug Hammond, chairman and CEO of NFP. “I consistently see our employees stepping up to support each other and our clients, while exhibiting new levels of empathy, gratitude and resilience. We all take ownership in the workplace we create, and we will always embrace the opportunity to continually evolve and improve.”

“For NFP, ‘PeopleFirst’ is a core philosophy, internally and externally, that is foundational to our success,” said Ginnette Quesada-Kunkel, NFP’s chief human resources officer. “People are at the heart of everything we do – from serving clients to supporting communities – and our ability to achieve our objectives starts with creating a welcoming and engaging workplace. When we do this well, we position ourselves to grow and thrive regardless of the challenges that come our way.”

“We’re thrilled to be named among the Best Places to Work in Insurance for the fourth year in a row,” said Mary Steed, chief people officer at NFP. “As a people-first organization, we’re thoughtful in creating and refining a culture that’s fulfilling for current employees and attractive to professionals who may be considering a career with NFP. Being part of the list again validates that we’re on the right path, even with the challenges that have emerged this year. With shared values as our guide, we will continue to listen, learn and collaborate to advance the growth and diversity of our organization, and the communities where we live and work.”

Best Places to Work in Insurance is an annual sponsored content feature presented by the Custom Publishing unit of Business Insurance and Best Companies Group that lists the agents, brokers, insurance companies and other providers with the highest levels of employee engagement and satisfaction. Harrisburg, Pennsylvania-based Best Companies Group identifies the leading employers in the insurance industry by conducting a free two-part assessment of each company. The first part is a questionnaire completed by the employer about company policies, practices and demographics. The second part is a confidential employee survey on engagement and satisfaction.

The program divides employers into the categories of small, 25-249 employees; medium, 250-999 employees; and large, 1,000 or more employees. This year’s report features 100 companies of various sizes, from 25 employees to more than 4,000.

The ranking and profiles of the winning companies will be unveiled as a sponsored content supplement in the October issue of Business Insurance and online at BusinessInsurance.com.

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, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 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.

About Business Insurance

Business Insurance is the authoritative news and information source for executives concerned about risk and the impact on their business. With information for risk managers, insurers, brokers and other providers of insurance products and services, Business Insurance delivers in-depth analysis on new and emerging risks, case studies of successful programs, market intelligence on trends, and guidance on how to capitalize on opportunities and overcome challenges.

In addition to a monthly print magazine, Business Insurance provides essential news via its website, BusinessInsurance.com; daily and weekly e-newsletters; and breaking news via email news alerts. To subscribe, please contact Business Insurance at info@businessinsurance.com.

Best Companies Group works with partners to establish “Best Places to Work,” “Best Companies,” and “Best Employers” programs on a national, state-wide and regional basis. Through its thorough workplace assessment using employer questionnaires and employee satisfaction surveys, Best Companies Group identifies and recognizes companies that have been successful in creating and maintaining workplace excellence.

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A New Auto Guide Presents 5 Ways To Get Cheaper Car Insurance


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“Saving money on car insurance is not that difficult. Parking the car in a safe place and shopping around for better insurance deals can help you save hundreds of dollars per year”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

All states, except New Hampshire, require drivers to obtain car insurance. For many drivers, car insurance can be an expensive necessity. Luckily, there are plenty of methods and discounts provided by insurers that can help any driver save money on car insurance.

The following methods can help drivers pay lower insurance premiums:


  • Park the car in a safe place. One of the factors that can affect the cost of car insurance is the place where a car is parked overnight. Drivers who park their vehicles in a safe location where they can monitor it easily, like a garage, will pay lower car insurance premiums. Cars kept in a garage are less likely to be stolen and they are protected against vandalism and the damaging effects of severe weather events.


Maintain a good credit score or try to improve it. Insurance companies consider that policyholders that have a good credit score will pay their insurance bills on time and they are less likely to file insurance claims. There are several ways to improve a credit score. Paying the bills on time and not gathering debt will help drivers have a better credit score.

  • Graduate a defensive driving course. Besides helping drivers to improve their driving skills, defensive driving courses can also help them save money on car insurance. Drivers who manage to graduate an approved defensive driving course will be rewarded with a consistent discount that is between 10% to 15%.
  • Collaborate with a good and competent insurance agent. Having a good professional relationship with an insurance agent has multiple benefits. Good insurance agents will keep drivers updated with information regarding the latest insurance changes, insurance offers, and discounts. Furthermore, insurance agents can help drivers when they need to file a claim.
  • Shop around and compare online quotes. Policyholders should check the insurance market at least two times per year. Brokerage websites are ideal for drivers who want to easily obtain multiple car insurance quotes from different insurance carriers. Online quotes can help drivers obtain the insurance policies they need.


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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HazardHub adds Renowned Geospatial Expert Paul Heimann as Chief Architect


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“The HazardHub team has done an incredible job in developing a fast, stable, and cost-effective data engine. I’m thrilled to join HazardHub to get them to the next stage of their development.” – Paul Heimann

HazardHub, the USA’s fastest-growing supplier of geospatial risk data and a 2019 Insuretech 100 company – are pleased to announce that renowned geospatial expert Paul Heimann has joined HazardHub as Chief Architect.

Brady Foust, Chief Scientist for HazardHub says, “We are incredibly excited to add Paul to our team at HazardHub. I’ve seen Paul’s work firsthand and can attest to the excellence of his geospatial capabilities. Plus, Paul is a gifted data engineer who not only knows what to do but how to program it. We’re looking forward to Paul’s help with increasing the depth and sophistication of HazardHub’s data offerings. ”

Heimann – a graduate of two prestigious geospatial programs with a BS from the University of Wisconsin-Eau Claire and an MS for the University of South Carolina – comes to HazardHub from American Family Insurance, where he played an integral role on their Cloud Transformation Journey. Before American Family, Paul spent more than 7 years at the Weather Company, where he designed, developed, and delivered highly available and scalable weather data streaming ingest and data distribution services deployed to Amazon’s cloud infrastructure (AWS).

Heimann says “The HazardHub team has done an incredible job in developing a fast, stable, and cost-effective data engine that accesses over 100 billion data points to deliver almost 1,000 data elements for any point in the US. What they currently provide to the insurance industry can’t be touched by competitive systems. I’m thrilled to join HazardHub to get them to the next stage of their development.”

Bob Frady, CEO of HazardHub adds, “At HazardHub, we continue our march to becoming the preeminent provider of hazard and property data to the P&C world. Being able to attract someone of Paul’s caliber to our team is a testament to both the strength of our current team and the future potential our company holds. We’re very pleased that Paul has joined HazardHub and look forward to many great things together.”

About HazardHub

HazardHub is your insurance policy against property risk.

Air. Fire. Water. Earth. Man-Made. HazardHub is the only third-generation provider of property-level hazard risk databases spanning the most dangerous perils in the continental United States. HazardHub translates huge amounts of geospatial digital data into easy to understand answers, providing easy to comprehend risk scorecards that are used to make real-world decisions. Our team of scientists provides comprehensive, and innovative, national coverage for risks that destroy and damage property. With more than 20,000,000 results returned to the market, HazardHub is fast-becoming the industry’s go-to vendor for property and risk data.

To learn more about HazardHub or to use our free lookups, visit http://www.hazardhub.com or reach us directly at support@hazardhub.com.

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Hippo Officially Acquires Spinnaker Insurance Company


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We are delighted to officially welcome Spinnaker into the Hippo family

Hippo, the high-growth company that’s transforming home insurance and ownership, today announced the closing of its acquisition of Spinnaker Insurance Company, a national property and casualty insurer licensed in 50 states and rated A-(Excellent) by A.M. Best Company. As part of the acquisition, Spinnaker joins Hippo’s family of companies.

Hippo has partnered with its largest carrier platform Spinnaker since 2017. With Spinnaker and its other carrier partners, Hippo provides modern home insurance policies to consumers in more than 31 states. The acquisition will accelerate its geographical reach with the company expecting to be available to consumers in 11 additional states by June 2021.

“We’ve experienced tremendous growth in the last three years since our launch, and the acquisition of Spinnaker will allow Hippo Home Insurance products to reach a greater number of homeowners across the country,” said Rick McCathron, Hippo’s Chief Insurance Officer. “We’d like to thank the Spinnaker team and the regulators for continuing to be extraordinarily diligent and efficient in these trying times. We are delighted to officially welcome Spinnaker into the Hippo family.”

“Joining forces with Hippo has already proven to benefit our business as we work to create products that benefit the policyholder, the producer, the insurer, and the reinsurer,” said Spinnaker Chief Executive Officer Dave Ingrey. “The formalizing of the deal is an exciting time for both companies in our relentless pursuit of revolutionizing the customer experience.”

Hippo Insurance Services will continue to operate as a managing general agent and Spinnaker will operate independently under the Hippo umbrella and will continue to service a diverse portfolio of top-quality program administrators and drive the growth of its program platform.

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About Hippo

Hippo is on a mission to transform home insurance for the modern household. The company brings homeowners closer to a modern home insurance experience with an efficient online purchase experience using trusted data sources, a smart home device kit included with eligible policies and more available coverage for possessions like appliances, electronics and home offices. Hippo Insurance Services is part of Hippo’s family of companies that brings together home wellness and home insurance for today’s homeowners. Headquartered in Palo Alto, California, with insurance products available to over 70 percent of homeowners in the U.S., Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, including licensing information, visit http://www.hippo.com.

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Team Cymru’s CSIRT Assistance Program Hits New Milestone, Exceeding 125 CSIRT Teams


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We feel it’s an ethical responsibility to get as much of our insight back to those that need it and that’s why the Team Cymru CSIRT Assistance Program has been so hugely successful in terms of real, daily impact on human lives in over 85 countries.

Internet security and threat intelligence firm Team Cymru announced today a major milestone for its global CSIRT Assistance Program (CAP) community service. With the addition of the Swiss National CSIRT, Bangladesh National CSIRT and South African National CSIRT, the Team Cymru CAP has signed on a total number of 129 national and regional organizations and helps to protect over 85 countries.

Established nearly a decade ago as a trusted conduit for notifying countries of observed malicious Internet activity, the Team Cymru CAP works with national and regional CSIRTs (Computer Security Incident Response Teams) by sharing its world-class threat intelligence at no cost. Today the CAP has scaled to provide up to 20 million events to global CSIRTs every day, monitoring these nations’ IP space, which amounts to approximately 52 percent of IPV4 and 75 percent of IPV6 traffic.

“As a National CERT, CERT.br has a strong focus on making the Brazilian Internet ecosystem healthier. To this end we are always looking for partnerships with organizations that can provide data with assured quality, that can help us prioritize the most pressing issues, and the Team Cymru CSIRT Assistance Program is one of the leading sources,” said Cristine Hoepers, General Manager, CERT.br.

“We feel it’s an ethical responsibility to get as much of our insight back to those that need it and that’s why the Team Cymru CSIRT Assistance Program has been so hugely successful in terms of real, daily impact on human lives in over 85 countries,” said Steve Santorelli, Director of Intelligence and Outreach, Team Cymru. “This milestone indicates that our community can coalesce around these threats in a way that puts the greater good in front of corporate greed.”

With the mission to save and improve lives, Team Cymru works in the background to support law enforcement and cybersecurity communities with its global visibility into malicious Internet activity and other unique resources. The Team Cymru CSIRT Assistance Program is one of seven community services that the company delivers at no cost to the organizations that make the Internet a safer place.

In a recent example of its community support, a security research team was able to use Team Cymru’s highly restricted threat intelligence news mailing list to secretly orchestrate the dissemination of information about the EmoCrash “vaccine” script to CERTs around the world for six months and prevent Emotet malware from attacking new victims. More than 6000 people subscribe to the Team Cymru Dragon News Bytes.

Team Cymru has unique visibility into the majority of global IP space and is recognized as a critical source of threat intelligence data for the public sector,major commercial cyber security companies, and Fortune 500 security teams. The company has worked for 15 years to build an unmatched ecosystem of data sharing partners, as well as an expansive threat intelligence infrastructure. Team Cymru’s “Pure Signal™” platform makes it possible for the nation’s largest organizations to employ threat hunting at Internet scale.

To read the blog visit http://bit.ly/129csirt.

To apply to receive or give data through the Team Cymru CSIRT Assistance Program visit https://team-cymru.com/community-services/csirt-ap/.

About Team Cymru

Since 2005, Team Cymru’s mission has been to save and improve lives by working with public and private sector entities to discover, track and take down threat actors and criminals around the globe. The company delivers comprehensive visibility into global cyber threat activity and is a key source of intelligence data for many cyber security and threat intelligence vendors. Enterprise security teams rely on its Pure Signal™ platform for access to global network traffic and 50+ other types of data. With this visibility, they not only accelerate incident response, but they can get ahead of their most critical, recurring threats – monitoring infrastructures in the wild and even blocking attacks before they’re launched. For more information visit https://team-cymru.com/.

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Neighborhood Credit Union to Introduce Zelle® in Online Banking and MyNCU Mobile App


Logos of Neighborhood Credit Union and Zelle

We’re thrilled to bring Zelle’s real time convenience and peace of mind to Neighborhood Credit Union members so they can send and receive money to friends and loved ones safely and securely.

Neighborhood Credit Union announced that Zelle is now live in Online Banking and MyNCU Mobile App. Zelle is available in the digital banking experience of Neighborhood Credit Union, Zelle enables convenient digital payments for more than 23,139 mobile banking users at Neighborhood Credit Union.

“The ability to instantly move money during this pandemic is needed now, more than ever. Zelle is the answer,” says Neighborhood Credit Union Senior Vice President, Carolyn Jordan. “We’re thrilled to bring Zelle’s real time convenience and peace of mind to Neighborhood Credit Union members so they can send and receive money to friends and loved ones safely and securely.”

The Zelle Network® includes financial institutions of all sizes. For more than 120 million consumers, Zelle is already available from the convenience of their mobile banking app, making digital payments a fast, safe and easy alternative to cash and checks. Money sent with Zelle moves directly from one bank account in the U.S. to another, using only a recipient’s email address or U.S. mobile number. Funds are typically available within minutes when both parties are already enrolled with Zelle. Consumers who are not enrolled and receive a payment notification or a request for payment can enroll through their financial institution or by downloading the Zelle app if their financial institution does not participate.

Neighborhood Credit Union is a forward-thinking company, that understands the importance of technology in the financial industry and dedicates its efforts to offer nothing but the best. Members of Neighborhood Credit Union experience a user-friendly Online Banking and award-winning MyNCU Mobile App, where they can complete most banking needs. Conveniently and securely check account balances, deposit checks, quickly send payments, and so much more from anywhere at any time.

About Zelle®

Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast, safe and easy for money to move. The Zelle Network® connects financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in consumer bank accounts generally within minutes when the recipient is already enrolled with Zelle. To learn more about Zelle and its participating financial institutions, visit http://www.zellepay.com.

About Neighborhood Credit Union

As an active part of the community for 90 years, Neighborhood Credit Union is a not-for-profit financial organization with locations in Collin, Dallas, Denton, and Ellis counties, as well as the city of Arlington. Located all across North Texas and assets topping $815 million, Neighborhood Credit Union has a continuously growing membership of 56,000. For more information, call (214) 748-9393 or visit http://www.myncu.com.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

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The Main Reasons Why Drivers Should Include Roadside Assistance In The Car Insurance Policy


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“Before purchasing coverage, drivers should analyze if they need roadside assistance. This service can help drivers to quickly get out from many unpleasant situations”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Most insurance providers will offer their customers the possibility to purchase roadside assistance insurance. This coverage is very important and policyholders are highly recommended to purchase it. Usually, insurance providers will have partnerships with companies that provide roadside assistance services.

Roadside assistance is a type of coverage that helps drivers with cars that are suffering from breakdowns. When this situation occurs, the closest and most appropriate service provider is dispatched.

The following services are provided for drivers that purchase roadside assistance:


  • Battery jump-start service. Trained professionals will attempt to start the vehicle by jump-starting the battery. If the car that suffered a breakdown is an electric car, then the policyholder might be in trouble as there are a few qualified professionals that can jump-start an electric vehicle.
  • Towing services. This service is offered when all of the attempts of making the car drivable again had failed. The affected car will be towed to the nearest mechanic shop and the necessary repairs will be made.
  • Flat tires replacement. Drivers that own an available roadside assistance coverage are protected in the case they need to replace a flat tire. Usually, a service professional will be dispatched to the location in order to replace the deflated tire with the spare one inside the policyholder’s vehicle.
  • Fuel delivery service. This service is useful for drivers that run out of gas while driving. The delivered fuel will be enough to get the vehicle to the nearest gas station. Also, policyholders should know that some roadside services will charge for the fuel.
  • Lockout and locksmith service. This service is useful for drivers that need to gain entrance to their vehicles. The lockout service profession can gain entry to a vehicle by using a pump wedge or a long reach tool to unlock a door. If that fails, then a locksmith is called.

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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