In our case — we live in Austin, Texas — Hurricane Harvey had wiped out literally thousands of vehicles along the Texas coast, especially around Houston, resulting in a lot of claims and payouts for
insurers doing business in the state.
Every auto
insurer doing business in the state must take their «fair share» of applicants.
Not exact matches
Heidi Shey, a senior analyst at Forrester who studies the cyber insurance space, says
insurers are
in an excited «land - grab»
state, gobbling up as many customers as they can because
insurers believe most
businesses will not file a claim, or there could be a cyber event that doesn't get covered due to an exemption, such as human error, credit card fraud, or email fraud.
The NRA sued Gov. Andrew Cuomo and the
state's financial regulator for engaging
in what it said was a «blacklisting campaign» aimed at swaying banks and
insurers to stop
doing business with the gun advocacy group, according to a complaint.
(Reuters)- The National Rifle Association on Friday sued New York Governor Andrew Cuomo and the
state's financial regulator for engaging
in what it said was a «blacklisting campaign» aimed at swaying banks and
insurers to stop
doing business with the gun advocacy group, according to a complaint.
The consideration to keep
in mind is that their carriers: generally tend to be smaller, might have fewer consumer resources online, and generally don't include quotes from the three
insurers with the most
business (
State Farm, Allstate and GEICO).
Each
state maintains an insurance department that monitors the financial health of
insurers licensed to
do business in that
state.
All
insurers must accept high risk drivers
in order to
do any auto insurance
business in the
state; this helps to spread the potential losses from high risk drivers across all insurance companies
in the
state.
The easiest and most common way to provide this proof is to purchase auto liability insurance from an
insurer that is licensed to
do business in the
state, like Titan Insurance.
Whether the insurance company is licensed to
do business in a particular
state (or is licensed at all as an
insurer);
All auto
insurers in the
state must agree to help cover drivers
in the Plan, if they wish to
do any auto insurance
business in the
state at all.
Any auto
insurer who wants to
do business in the Volunteer
State must agree to participate
in the program and insure some high - risk drivers along with the safer ones (known as preferred risks).
While
doing the research for a report on what Google Compare is going to mean for
insurer strategies
in 2015, I took a look at a bunch of
state insurance commission filings to see just what was up with the entity now officially
doing business as Google Compare Auto Insurance Services Inc..
The Plan is an organization that assigns West Virginia drivers to auto
insurers that already
do business in the
state.
All auto
insurers in the
state must participate
in the Plan
in order to
do ANY auto insurance
business in Montana.
All auto
insurers who want to
do business in the
state must agree to accept assignments from AAIPSC.
All auto owners must purchase their policies from
insurers licensed to
do business in the
state.
In that sort of market, it would be madness for most P&C insurers to even consider not doing business in the state, or not writing certain lines of business in PA
In that sort of market, it would be madness for most P&C
insurers to even consider not
doing business in the state, or not writing certain lines of business in PA
in the
state, or not writing certain lines of
business in PA
in PA..