Hippo Enchants New Mexico Homeowners

| March 28, 2019

article image
Between extraterrestrial sightings, a hotly contested debate over chili preferences and a minor league baseball team with a name from “The Simpsons,” it’s safe to say New Mexico is unlike any other state in the nation. The Land of Enchantment’s multicultural population, desert climate and inspiring landscape have attracted 2 million residents and 630,000 homeowners. Having some of the lowest property taxes in the country and relatively affordable home prices (which currently average $224,900, according to Zillow) probably doesn’t hurt either. When compared to states like Florida and California, there is also a low risk for natural disasters. Of course, no state is immune to weather-related property damage. The Federal Emergency Management Agency has declared 83 disasters in New Mexico since 1953. Wildfires and floods are the most common, followed by severe storms. According to the Insurance Information Institute, there were 11 tornadoes in 2017 alone. Drought and hurricane have happened far less frequently, but they do occur.

Spotlight

UIA (Insurance) Ltd

UIA Mutual is an insurance company with over 125 years' experience of providing great value, high quality insurance to members of selected trade unions and other not-for-profit organisations. Our services are also available to the general public hoping to benefit from our competitive premiums and wide cover on home insurance, travel insurance, pet insurance and car insurance. Being a mutual means we are owned by our policyholders; so there are no shareholders or directors expecting a share of the profits.

OTHER ARTICLES

Why Your General Contractor Business Needs Workers Compensation Insurance

Article | March 22, 2020

Having Workers Compensation Insurance for general contractors is an important part of your business. Given the nature of their work, employees are at risk of getting injured, disabled or even worse. Your business uses a lot of resources to provide your employees with a safe working environment. However, your efforts alone do not guarantee safety. Workers Compensation insurance is a great benefit package. Employees enjoy peace of mind as they work, and during recovery if they do get injured.

Read More

The Impact of COVID-19 on Insurance Companies

Article | April 9, 2020

The speed at which COVID-19 is impacting the economy is unprecedented. Like many businesses, insurance companies are facing unique challenges in this rapidly evolving situation. How insurers approach and respond to these challenges will influence their resiliency and ultimately how they will fare. Insurance companies are facing new pressures as they are hit with multiple challenges—all at once.

Read More

How insurers can use big data to manage the COVID-19 pandemic

Article | March 27, 2020

Insurers are stuck between a rock and a hard place. The recent COVID-19 pandemic has forced much of the world to grind to a halt. As companies struggle to manage the impacts on their supply chains and bottom line, greater pressure is placed on insurers to support their clients while also mitigating the downside for their own businesses. On one end, the needs of insureds are higher. Business operations are global and more complex; all the while, clients expect more bespoke service and support.

Read More

Three insurtech trends to watch in 2020

Article | March 11, 2020

As the technological transformation of the global business landscape continues, more and more industries are feeling the pressure to embrace the potential of digital solutions, or be consigned to the scrapheap. In the unending quest for legacy industries to stay agile and avoid disruption, leading edge technologies are fusing with existing business models to create new, tech-driven disciplines. Fintech has been one of the great success stories of this trend, as financial institutions harness the power of artificial intelligence (AI), big data and multi-platform customer experiences (CX) to meet the expectations of their customers.

Read More

Spotlight

UIA (Insurance) Ltd

UIA Mutual is an insurance company with over 125 years' experience of providing great value, high quality insurance to members of selected trade unions and other not-for-profit organisations. Our services are also available to the general public hoping to benefit from our competitive premiums and wide cover on home insurance, travel insurance, pet insurance and car insurance. Being a mutual means we are owned by our policyholders; so there are no shareholders or directors expecting a share of the profits.

Events