Progressive Corp (PGR.N), a provider of auto insurance products, said it would acquire a controlling stake in property insurer ARX Holding Corp for $875 million in cash. Progressive Corp said it would increase its share in the parent of American Strategic Insurance to 67 percent from 5 percent after it buys shares from non-management shareholders.…
The 2015 Regular Session of the Florida Legislature begins on Tuesday, March 2. The 60-day session will begin with the Florida Senate and House of Representatives gaveling in and then convening in joint session for Governor Scott’s “State of the State” speech. For more details, check the House Calendar or the Senate Calendar.
Transportation Network Companies like Uber and Lyft are part of the future of Florida’s economy. PIFF believes that the Legislature should permit such companies to operate in our state under clear insurance laws that protect them and their customers. Here are our principles for addressing TNC legislation in 2015: PIFF Supports: Market Innovation. We believe that…
We often forget that our auto insurance policies are contracts. Besides paying your premium on time, you should abide by your car insurance company’s rules. But how can you abide by the rules when you don’t even know what they are? Here are 10 common scenarios that Insure.com readers often ask about. If any…
The Insurance Research Council (IRC) has released a study, Fraud and Buildup in Auto Injury Claims, which highlights the impact of fraud on auto injury claims. The study estimates that claim fraud and buildup increased payments for auto injuries by $5.6 billion to $7.7 billion in the U.S. in 2012, representing between 13% to 17% of…
Editor’s note: This article first appeared on CarInsurance.com and is reprinted here with their permission. Click here for the original post. After a serious accident, car insurance is a financial lifesaver, whether you face mounting medical bills or major car repairs. But after a minor fender-bender, some drivers prefer to leave insurance companies out of…
Editor’s note: This article first appeared on Insurance.com and is reprinted here with their permission. Click here for the original post. If you’re looking for the best car insurance rates, a 40 percent discount for good students or a 25 percent discount for having more than one policy with the same insurer will probably catch your attention.…
A recent fire at a 16,000 square foot mansion on the waterfront in Anne Arundel County, Maryland, took the lives of six people including two grandparents and their four grandchildren. The cause of the fire, according to investigators, was a 16-foot tall Christmas tree that the owners left lit most of the time in the…
With so many property insurance choices now available to Florida consumers, it is more important than ever that homeowners work closely with the their agent to determine their best insurance options. Your agent is the most vaulable resource when making decisions about how to best protect your home and you family. With guidance from the…
579. That’s the number of data breaches that have occurred in 2014, as of Sept. 30, according to the ID Theft Resource Center, an online educational site on fraud, idenity theft and data breach. It seems we can’t go more than a week without hearing about a high-profile data breach. Jimmy John’s was the last, and…