INSURANCE TECHNOLOGY

Farmers Insurance Supports Customers Survived Tornadoes in the Southern States

Farmers Insurance | March 25, 2022

Farmers_Insurance_Supports
Farmers Insurance® has come forward support customers who have been affected by severe storms, tornadoes, and heavy rainfall in Texas and other portions of the Southern United States. With the help of farmers insurance, customers can file a couple of claims, including

  • Visit Farmers.com or Foremost.com
  • Call their agent
  • Use the Farmers® Mobile App through their smartphone or tablet
  • Text REPORTCLAIM to 29141

Customers who have sustained the damage can even take action as follows:

Call the 24-hour claims center:

  • Farmers Claims Contact number: 1-800-435-7764
  • Foremost® customers can also use the 1-800-435-7764 number for assistance
  • Bristol West® customers can call 1-800-274-7865 for support
  • Spanish-language claims assistance is accessible to Farmers customers by calling  1-877-RECLAMO (877-732-5266).

Farmers Insurance offers numerous remote and virtual solutions to make the claims process more accessible for customers. Customers who file a claim can work directly with trained claims professionals. The professionals would guide them through the claims process, and customers can get their claims approved accordingly.

Farmers Insurance is a group of insurers providers. They offer insurance options for homes and small businesses, automobiles, and many other insurance and financial services products.

Spotlight

Zurich Insurance chairman Michel Liès knows that digitalization is shaking up his industry. In part one of the Newsmaker interview, the insurance veteran goes so far as to say it is “destroying” the solidarity that lies at its core. But he adds that digital transformation also presents an opportunity to better understand the risk before the claims process has even started.

Spotlight

Zurich Insurance chairman Michel Liès knows that digitalization is shaking up his industry. In part one of the Newsmaker interview, the insurance veteran goes so far as to say it is “destroying” the solidarity that lies at its core. But he adds that digital transformation also presents an opportunity to better understand the risk before the claims process has even started.

Related News

CORE INSURANCE

Relation Insurance Services Acquires the Assets of Insurance, Inc.

Relation Insurance Services | July 20, 2022

Relation Insurance Services (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of Maryland-based Insurance, Inc. Terms of the transaction were not disclosed. Insurance, Inc. provides personal and commercial lines insurance solutions and employee benefits to clients throughout Maryland and is headquartered in Owings, MD. Amir Krell and Tracy Sutton will continue to lead Insurance, Inc. under Relation going forward. “We are excited to welcome Amir, Tracy and the entire Insurance, Inc. team to Relation,” said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation. “We are excited to welcome Amir, Tracy and the entire Insurance, Inc. team to Relation,” said Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation. “Insurance, Inc. has provided high-quality insurance services in Maryland, and their diverse offerings of commercial, personal and employee benefits insurance solutions will be an excellent fit at Relation.” About Relation Insurance Services Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services across the United States. It is ranked by Insurance Journal within the top 35 largest agencies in the country by revenue and has approximately 1,200 employees across more than 125 locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology. Visit www.relationinsurance.com for more information.

Read More

LIFE INSURANCE

Kinly and Haven Life Partners to Make Term Life Insurance More Accessible to African-Americans

Haven Life | June 03, 2022

Kinly and Haven Life, a customer-focused life insurance agency backed and entirely owned by Massachusetts Mutual Life Insurance Company (MassMutual), have announced a new partnership to make term life insurance more accessible to African Americans. Haven Term and Haven Simple term life insurance policies will be offered on the Kinly mobile app for Kinly members because of this partnership. Kinly is a digital bank created with black Americans in mind, who have historically been underserved and underbanked by traditional financial institutions. According to a study commissioned by Haven Life, while black Americans are more likely than white Americans to have life insurance, they are significantly underinsured. The study discovered that white people had a median of $150,000 in life insurance coverage compared to just $50,000 for black people. From our very first day, Haven Life's core mission was to make life insurance more accessible and affordable for everyone. We recognize that systemic barriers still exist for Black Americans when it comes to equitable access to financial planning, banking and insurance products. Seward further added, Our partnership with Kinly is central to our founding mission, and we remain committed to doing everything we can to break down access barriers." Wade Seward, Head of Distribution Strategy at Haven Life. Kinly members can apply for Haven Term and Haven Simple through an online application and, if granted, receive coverage immediately. Haven Term provides coverage of up to $3 million for terms of 5, 15, 20, 25, and 30 years. Haven Simple provides coverage up to $500,000 for 5, 10, or 15 years. Both policies have extremely low rates. For example, a 35-year-old woman in good health could qualify for Haven Term coverage with a 20-year term of $500,000 for only $17.50 per month. Helping Black Americans build generational wealth and financially protect their families was one of our driving principles when launching Kinly, We're excited to be partnering with Haven Life as ensuring access to quality, affordable life insurance is a key part of building such wealth." Donald Hawkins, Founder and CEO.

Read More

INSURANCE TECHNOLOGY

Inszone Insurance Services Acquires B-W Insurance Agency, LLC

Inszone Insurance Services | July 22, 2022

Inszone Insurance Services, a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of B-W Insurance Agency, LLC. B-W Insurance was founded in 1984 by Bev Watenpaugh who entered the insurance industry after a successful professional career operating her own preschool. The agency was created to provide needed insurance for the more difficult driver and property owners. With the addition of husband Gene Watenpaugh and daughter and current owner Kim Steffen, this family-owned agency grew in the commercial space, supporting a diverse range of business industries. B-W Insurance was able to harness the power of word-of-mouth, as happy customers referred their friends and family to the agency and helped fuel their growth. “We are excited to bring B-W Insurance into the Inszone Insurance family, Through our acquisitions our agency has grown rapidly within the state of Colorado, we look forward to continuing to serve the state and provide additional resources and insurance options to protect all customers.” Norm Hudson, CEO of Inszone Insurance Services Inszone Insurance is expected to announce several acquisitions as well as new locations in the upcoming months. About Inszone: Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 30 locations across California, Arizona, Nevada, Utah, Colorado, Missouri, Texas and Illinois, the company is looking to further expand throughout the United States.

Read More