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.

The Importance Of Life Insurance Covered On “In Depth” With Laurence Fishburne


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Life insurance is an important option to consider since it protects an individual’s family and allows the policyholder to leave a non-taxable amount after their passing.

“Hoodlum (1997)” and “School Daze (1988)” actor Laurence Fishburne has made a name for himself by time and time again presenting award-winning performances. Fishburne is not only known for his acting abilities, but also his time spent as a director, producer, and screenwriter. Lately, the action film star has been bestowing his skillset as host to TV’s “In Depth” with Laurence Fishburne. The educational show covers a wide array of topics that impact people across the nation. An upcoming episode will examine the importance of life insurance with industry experts.

Most people spend more time thinking about and planning vacations and retirements but do not always contemplate things like what will happen to their loved ones after they have passed. Life insurance is an important option to consider since it protects an individual’s family and allows the policyholder to leave a non-taxable amount after their passing.

Often loved ones can get stuck with any outstanding loans after a family member is gone, but life insurance can take care of things like car loans and mortgages. Life insurance requires consideration, and there are different options available depending on age, health, and job occupation.

No one likes to think about death, let alone their own, but it is paramount to consider how spouses and children will handle finances after one’s demise. Further info about the benefits of life insurance will be in the upcoming episode of “In Depth.”

“In Depth” with Laurence Fishburne is cautiously reviewed before revealed to a broader audience. The informative television program has received a variety of Tellys for its efforts in the public TV arena.

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NFP to Host Second Quarter 2020 Earnings Call on Aug. 14, 2020


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NFP, a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement and individual solutions, will post its second quarter 2020 earnings results the evening of Aug. 13, 2020, to a password-protected website hosted by http://www.intralinks.com. In addition, NFP will host a live conference call to discuss the year-end results on Aug. 14, 2020 at 9:30 a.m. ET.

Interested parties can request access to NFP earnings results and the conference call by contacting NFP at ir@nfp.com or 212.301.1088.

About NFP

NFP is a leading insurance broker and consultant providing customized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,600 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.

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How To Document Damage For A Car Insurance Claim


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“Properly documenting an accident will help you get your claim solved faster. Find out more on our website,” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Documenting damage is crucial for any car insurance claim. Furthermore, this may also help the authorities determine guilt. Find out more about car insurance and get free quotes from http://www.lowcarinsurancequotes.info.

In order to properly document car damage, a driver must:


  • Take photos immediately after accident. It is essential to take photos of the car damage at the accident scene. Take clear photos and make sure nobody, except the police, interferes with the evidence. Also, take clear photos of the surrounding areas, like geographic elements, weather conditions, street and traffic signs, road marks, the position of the cars at the moment of the collision. They will help both the investigators and the insurance company.
  • Get eyewitness reports. Search for persons who witnessed the accident and can provide valuable details. Look for persons who are willing to testify, should it come to this. Note or record all eyewitness reports.
  • Carefully gather all documents as the case progresses. Write names and titles of anyone who was a participant of the accident. Exchange insurance info with the other driver. Ask for a copy of the police report.
  • Get repair estimates from at least 2 independent sources. It is important to check how much will it cost to repair the car. Visit 2 repair shops and get unbiased estimates. They will help you negotiate better with the claim adjuster.

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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New Level Partners and Private Risk Management Association Celebrate Five Years of Collaboration


New Level Partners and the Private Risk Management Association continue growth and reach of PRMA Academy

New Level Partners (NLP) Leading Instructional Designer for the insurance industry celebrates five years providing impactful learning solutions in support of the Private Risk Management Association (PRMA).    

“NLP had the unique opportunity to work closely with PRMA from the association’s early beginnings. The Chartered Private Risk & Insurance Advisor (CPRIA) curriculum demanded extensive curation, instructional development and design of content from industry experts. This leading-edge certification for the affluent and high net worth Insurance market did not exist until five years ago. The CPRIA Certification has created a terrific impact for this important industry segment, reaching thousands of high net worth personal insurance advisors throughout North America,” states Nancy Langton, New Level Partners.

NLP is known in the insurance community for its contributions to agency and carrier education, underwriting team development, online curriculum and course expansion, and tailored business skills and leadership programs. All solutions integrate technology and remote learning, along with blended learner activities and impact.

“NLP enabled PRMA Academy to accelerate from content to delivery of exceptional educational offerings due to a unique combination of instructional design expertise, leading EdTech solutions and a range of competencies within the insurance industry. PRMA continues to expand our reach and impact to bring value to both our members and their clients,” stated Lisa Lindsay, executive director of PRMA.

NLP has project-managed and designed in conjunction with PRMA’s subject matter experts several initiatives, including the CPRIA, Introduction to Family Office Risk Management and the Advanced CPRIA. Additional offerings include the High-Value Home Consultant (Appraiser’s) Program and St. John’s University Certificate programs are all available through PRMA Academy.

About New Level Partners (NLP)

New Level Partners (NLP), founded in 2001, specializes in training solutions for the Property and Casualty Insurance Industry. NLP designs, develops and delivers customized and interactive training programs, both instructor-led and web-based. A wide range of instructional design tools and technologies ensure NLP’s programs are the most interactive and effective on the market. Learn more at https://www.newlevelpartners.com.

About PRMA

The Private Risk Management Association (PRMA) is a member-owned independent nonprofit founded by leaders in the private risk management and insurance industry. PRMA’s mission is to improve the advice, coverage and service provided to the high net worth insurance consumer through education and increased awareness. PRMA offers specialized education and information and establishes standards and credentials while raising awareness and advocating for the niche and consumers served.

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Mercury Insurance Extends Its Online Concert Series Through August


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The Mercury Insurance Concert series brings fans from all walks of life together to celebrate and discover some amazingly talented artists. It helps support these artists during these uncertain times and it provides a virtual environment where we can just simply enjoy the music.

Mercury Insurance (NYSE: MCY) today announced the company has added five new artists – Corey Harper; Myra Molloy; Aubrey Logan; Cory Young; and Parker Lane – to its online Mercury Insurance Concert Series. The concert series allows musicians, who have had to cancel tours and live shows, to connect with fans through intimate performances allowing fans to see some of their favorite artists in their own living rooms.

“The Mercury Insurance Concert series brings fans from all walks of life together to celebrate and discover some amazingly talented artists,” said Erik Thompson, Mercury’s vice president of advertising and public relations. “It helps support these artists during these uncertain times and it provides a virtual environment where we can just simply enjoy the music.”

Any music fan who wants to tune in to the live performances can visit http://www.mercuryinsurance.com/MICS to view the concerts. The performances will also be recorded and available to view after the live shows. The added performance dates and times for the Mercury Insurance Concert Series are:

  • Corey Harper (August 6, 5 p.m. PDT): Corey Harper is based in Los Angeles and makes alternative pop-rock music. His latest release, “Overcast,” is what he describes as “a modern sound for now, built from the best parts of back then.” Harper’s career began in the Venice Beach-based artist collective and concert series Winston House, which Harper helped launch by hosting supporting artists, including Cody Simpson, the Shins and Justin Bieber.
  • Myra Molloy (August 7, 5 p.m. PDT): Myra Molloy is an American-Thai singer, producer and actress. Molloy won the premier season of “Thailand’s Got Talent” when she was just 13 years old, and at 16 she placed in the top six on ABC’s “Rising Star.” Since then, Molloy graduated from Berklee College of Music in 2019 with a degree in songwriting, portrayed “Kim” (alternate) on the national tour of Broadway’s “Miss Saigon” and guest starred on Freeform’s “The Bold Type.”
  • Aubrey Logan (August 14, 5 p.m. PDT): As a gifted performer, Aubrey Logan is known as a world-class singer-instrumentalist. She’s dubbed “The Queen of Sass” because of her vibrant and outspoken personality which continues to headline sold-out shows and festivals alongside Alabama Shakes, Meghan Trainor, Pharrell Williams, Josh Groban and many others. Logan’s debut album “Impossible” was in 2017, but it wasn’t until her 2019 album “Where the Sunshine is Expensive” that she finally became a household name. Logan has also appeared on “Jimmy Kimmel” and the Grammys’ Award Show and ABC’s “The Goldbergs.”
  • Cory Young (August 20, 5 p.m. PDT): Born and raised in California, Cory Young is a guitarist, vocalist and songwriter that brings a raspy voice and blues guitar riffs. Cory has been working on and releasing several singles throughout 2020, including “Who I am” and “Another Day.” Young received a boost to stardom after auditioning on Season 17 of “American Idol” in 2019.
  • Parker Lane (August 27, 5 p.m. PDT): Two-time Grammy Award-winning musician, recording artist, producer and songwriter, Parker Lane makes timeless, organic and familiar folk pop anthems with a country twist. His debut single “3AM” was released in 2018 and serves as his official introduction as Parker Lane after leaving an impressionable impact on pop music and culture as Printz. Under the Printz project, he created recognizable and renowned hits with Black Eyed Peas and produced and wrote for Mark Ronson, Selena Gomez and John Legend among others.

Musicians who have already performed in the online Mercury Insurance Concert Series include Jordan Rudess, Flo Chase, Emily Coupe, Chord Overstreet, The Perfect Nines, Keaton Simons, Bradley Scott of Emarosa, Jessica Lynn, Demola, Justin Ratowsky of Cali Conscious and Gene Noble. Visit http://www.mercuryinsurance.com/MICS to view their previously recorded performances.

About Mercury Insurance

Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and business insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information, visit http://www.mercuryinsurance.com or Facebook and follow the company on Twitter.

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NFP Publishes 2020 US Benefits Trend Report, a Comprehensive Annual Report of Employee Benefit Trends


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“NFP is proud to continue delivering data-driven expertise that helps our clients navigate the current environment and beyond,” said Ed O’Malley, executive vice president, head of insurance brokerage and consulting.

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today introduced its 2020 US Benefits Trend Report, a comprehensive report of employee benefit trends. The report provides employers with data and analysis designed to help them chart a course toward better outcomes for their organizations and their employees.

Perspectives from NFP subject matter experts, analysis of statistics year over year, and consideration of the effects of COVID-19 are the core elements of the report. Sections include comprehensive data analytics, as well as actionable insights, for a variety of topics, including health care, benefits compliance, pharmacy, digital transformation, legislation and regulation, voluntary benefits, and well-being and engagement. While NFP found that many of the same challenges remain, the impact of the global pandemic will require employers to explore new solutions to address needs and goals.

Key report findings include:

  • 9 of 10 adults lack the necessary tools to make well-informed medical decisions
  • 30% of employees believe a lack of transparency from insurers and providers is the biggest barrier to effectively shopping for coverage
  • Up to 40% of the workforce will be independent contractors (gig workers) by 2040
  • The percentage of employers offering employee mental health offerings increased to 75% in 2018 (up from 34% in 2014)
  • 62% of individuals with employer-based insurance have a chronic or complex disease, which comprises 85% of total employer-based healthcare spending
  • Approximately one in seven adults in the United States — about 40 million people — provide some type of unpaid care to another adult

Access the full report, including actionable insights on how employers can address these trends, here.

“Our US Benefits Trend Report comes at a time when uncertainty is a major challenge for employers,” said Kim Bell, NFP’s senior vice president, head of health and benefits. “Trend analysis and expert insight provide the foundation for discussions regarding the solutions employers need to move forward productively. From cost containment to employee engagement, we are excited to continue to provide the expertise and guidance that inform decisions and bring clarity to complex objectives.”

“NFP is proud to continue delivering data-driven expertise that helps our clients navigate the current environment and beyond,” said Ed O’Malley, executive vice president, head of insurance brokerage and consulting. “We remain committed to listening to our clients, understanding the problems they face, and connecting them with solutions that enhance their success.”

“The benefits of our increased scale extend to our data analytics, including those in our trend report,” said Doug Hammond, NFP’s chairman and CEO. “Serving more clients across a variety of industries gives us more information, and more detailed perspective, on client needs and effective solutions. This allows our team to be even more precise in making impactful recommendations to employers as they create meaningful programs for their employees.”

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 5,600 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 13th largest global insurance broker (Best’s Review).

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

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Mercury Insurance and Wildfire Expert Douglas Kent Provide Advice on Maintaining Firescaped Properties


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A home is like a vehicle in the respect that it needs a tune up to handle the change in seasons.

More often than not, poor landscape maintenance is what leads a wildfire directly to a house. Homeowners can tackle landscape maintenance tasks year-round in order to best protect their properties.

“A home is like a vehicle in the respect that it needs a tune up to handle the change in seasons,” said Mercury Insurance Vice President of Property Claims Christopher O’Rourke. “Take the time to maintain your property throughout the year, and remember that an important step is to contact an insurance agent to assess coverage before you suffer a loss.”

Proper defensible space management divides a property into three zones:


  • Zone 1 is the immediate 30-ft radius surrounding the home, which must extinguish firebrands and endure intense heat. Maintenance tasks include removal/replanting, managing weeds, maintaining efficient irrigation, caring for hedges, and managing terraces.
  • Zone 2 is the following 30-100-ft radius surrounding the home, which must be able to stop a ground fire. Vegetation management is key in this zone (and in Zone 3).
  • Zone 3 is the area farthest from the home, from the edge of Zone 2 to the property boundaries. This zone works to dramatically slow a ground fire.

Wildfire land management expert Douglas Kent, author of Firescaping: Protecting Your Home with a Fire-Resistant Landscape, highlights maintenance priorities for California residents living in fire country.

About Mercury Insurance

Mercury Insurance (MCY) is a multiple-line insurance organization predominantly offering personal automobile, homeowners and commercial insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia. Since 1962, Mercury has specialized in offering quality insurance at affordable prices. For more information visit http://www.mercuryinsurance.com or Facebook and follow the company on Twitter.

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Sureify® Builds Customer Advisory Services Team to Offer Exceptional Responsiveness to Insurers Ready for Digital Transformation


I have learned first-hand about the challenges facing life and annuity carriers, agents, agencies, and vendors. Sureify provides the answers to these problems.

Life insurers searching for a partner to guide them through the digital landscape will have even more reason to look to Sureify for advice and support, thanks to the insurtech leader’s strengthening focus on the client experience.

Andrea Hatch, a life insurance industry expert and team leader with proven experience in building D2C insurance solutions, has been tapped to lead the company’s new Customer Advisory Services Department. In her nine months at Sureify, she has been noted for recognizing clients’ current pain points and the needs they have for overcoming those difficulties.

“I have learned first-hand about the challenges facing life and annuity carriers, agents, agencies, and vendors. Sureify provides the answers to these problems. We offer digital transformation of the life and annuity business with a complete modular solution to fit these needs, along with an impactful speed to market,” she offered.

In addition to her expertise in solving problems for customers, Andrea looks forward to the challenge of creating a strong customer-centric organization from the ground up. “Building a collaborative team of passionate industry experts, where our hands-on experience meets and even exceeds the needs of the customers, is the goal,” she explained.

Adding expertise to the team is Chad Florke, who has joined the new team as Director of Advisory Services. Chad comes from Farm Bureau Financial Services, bringing with him a wealth of experience in both tech implementation and insurance operations. “Chad’s journey so far and his ability to be an inspirational leader made him the perfect choice to direct our team,” Andrea commented.

Chad echoes the belief that Sureify will improve its already-stellar reputation among insurers turning to digital enablement. “I’m excited to work with Sureify to solve challenges that face the insurance industry right now. If we can help insurers to embrace more digital and data-driven experiences, it’s going to be very beneficial to the industry overall. And with the Lifetime platform, I believe that Sureify will continue to be seen as a leader in the space.”

Sureify’s Customer Advisory team has already begun adding value, and the company expects that, as the group continues to expand, it will bring yet another layer of service to insurers taking steps toward the future.

About Sureify

Sureify’s mission is to modernize the life insurance and annuity industry by helping carriers acquire, service, and engage their customers with one enterprise platform: Lifetime. We enable omnichannel sales with LifetimeAcquire, a product that drives placement rates via quoting, e-application, automated underwriting, and new business transmission. With LifetimeService, insurers are offering their in-force customers comprehensive self-service portals and native applications. Lastly, the product that started it all, LifetimeEngage, fosters a lifelong relationship between carriers and their policyholders with multifaceted engagement programs and analytics, leading to greater lifetime value of each policyholder.

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SMA Reveals Changes in Insurers’ Technology Plans at Instec Client Forum


Regardless of where the pandemic leads us, there are certain investments that are foundational. Digital transformation is one of these.

Conferences have gone virtual, and it’s no different at Instec. This year, the provider of software for complex commercial and program insurance is rolling out a series of webinars for clients, in place of its annual Client Forum. The first of these featured Karen Furtado, Partner at Strategy Meets Action (SMA), describing how the pandemic has affected insurers’ technology spend and transformation plans.

Digital transformation has been a high priority in the insurance industry for several years. But now, as they grapple with the business impact of the pandemic, carriers and MGAs have reassessed budgets and projects to account for economic uncertainties and changing risk profiles.

“The pandemic has been a wake-up call for many insurers,” said Furtado. “Some were caught unprepared while others were thankful they had begun moving down the digital transformation path. In particular, for those who were already in the cloud, the transition to work-from-home was relatively painless.”

As a baseline, Furtado’s session began with a summary of technology investment trends in the five years prior to COVID-19. This was followed by a list of “10 Moments of Truth” insurers are confronting now, from stressing continuity plans to highlighting the gaps in digital strategies.

The session also covered changes in insurers’ investment strategies since the onset of COVID-19. The data were based on SMA client surveys that began in March. Responses ranged from retrenching to accelerating. In commercial lines, for example, 25 percent are pausing or retrenching their technology spend, while 49 percent are reshaping or accelerating. (26% have made no change.) For core systems specifically (policy, billing, and claims), virtually all insurers are staying on course.

The session closed with a description of SMA’s Transformation Maturity Model, covering baseline and transformational initiatives for customer and operational experiences. For each of four transformation states, Furtado suggested several questions insurers should be asking themselves to ensure a successful outcome.

“Regardless of where the pandemic leads us,” said Furtado, “there are certain investments that are foundational. Digital transformation is one of these. So, we recommend no matter what your outlook for the coming year, at least some of your technology investment is directed at continuing the transformation journey.”

About Instec

Instec’s unique approach to systems for the insurance industry enables P&C carriers, MGAs, and MGUs to launch programs and specialty offerings from project start to first quote in as little as four weeks. With built-in bureau content and reusable business rules, Instec systems provide a platform for innovation with reduced risk. In addition, cloud-based deployment and subscription-based pricing enable insurers to test new programs at a low cost of entry and scale up affordably as the business grows. To learn more, visit http://www.instec-corp.com.

About Strategy Meets Action

At Strategy Meets Action, our clients advance their strategic initiatives and accelerate their transformational journeys by leveraging our forward-thinking insights, deep vendor knowledge, and vast industry expertise. Strategy Meets Action is an advisory firm that works exclusively with insurers and vendors in the P&C market, offering advisory retainers and project-based consulting services. For more information, visit http://www.strategymeetsaction.com

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How To Handle Car Insurance When Moving To Another State


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“Moving to a new state can be an exciting thing to do for most drivers. However, drivers should not forget to update their insurance policies as soon as they arrive at their new locations”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Updating auto insurance might be one of the last things drivers consider to do when they are moving to another state. However, updating the policy is very important and there are several important things that drivers need to keep in mind when moving to another state and several steps to take to make sure they are covered.

Drivers that are moving to a new state should follow the next steps:

  • Check the current policy. Drivers that are moving to another state are protected by their current insurance policy. However, drivers that are moving far away are recommended to increase their liability limits and purchase full coverage. During a long trip, drivers should also add roadside assistance.
  • Check if the current insurer is present in the new location. Drivers should update their policy as soon as they can after arriving at their new location. Not all insurance companies have a license to operate in all 50 states and the insurance requirements are different in all states. Drivers should contact their insurers immediately and check if they have a license to operate in their new states. If they do, drivers should keep their insurers.
  • Search for another provider. If the current insurer is not present in their new state, drivers should search for another provider. Drivers can contact a local car insurance agency or they can go to a large national insurance carrier. The insurance requirements are different in each state, so the insurance requirements of the new state can be different from the requirements of the old state. The new policy will also be needed to get the new license plates and vehicle registrations.
  • Update the license and vehicle registration. One of the last things drivers will need to do is to update their license with the local department of motor vehicles. Besides that, drivers will be required to update their car insurance policies with their new driver’s license number. Usually, insurance providers will give drivers a reasonable amount of time do this, but it’s better to do this sooner than later.

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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