NAIC: Less than half of Americans who support flood insurance actually buy it

insurancebusinessmag | June 04, 2019

The National Association of Insurance Commissioners (NAIC) has shared the results of its recent national survey, which found that while a considerable number of Americans support the idea of flood insurance, only a small percentage of those people actually purchased the insurance.About 1,000 American adults participated in the survey, which was conducted last month.

Spotlight

Learn how the ICANN Policy Development Support Team facilitates bottom-up, consensus-driven processes for global generic top-level domains (gTLD), country code top-level domains (ccTLD), and Internet Protocol (IP) address policies.

Spotlight

Learn how the ICANN Policy Development Support Team facilitates bottom-up, consensus-driven processes for global generic top-level domains (gTLD), country code top-level domains (ccTLD), and Internet Protocol (IP) address policies.

Related News

INSURANCE TECHNOLOGY

NYCM Insurance Adopts Blood Pressure Clinic in Partnership with American Heart Association

NYCM | March 09, 2022

In its 30th year of partnership with the American Heart Association, NYCM Insurance is proud to announce a three-year, $105,000 partnership to support blood pressure clinics in the Utica, NY area. In the first year of the partnership, NYCM has adopted a blood pressure clinic at Mosaic Health in Utica, NY to promote healthy blood pressures in the Mohawk Valley. The aim of the clinic is to provide education, guidance, and resources, including self-monitoring devices, to the patients that need it the most. The American Heart Association is in direct alignment with who NYCM is as an organization, We support them in efforts such as this, as well as America's Greatest Heart Run & Walk because we care about the future of our communities and want to provide hope for our friends, families, and co-workers. We also know that without the work of the AHA, the many advancements in treatment and prevention would not be possible. I am personally grateful every day for their relentless force against heart disease and stroke and the support and resources they offer in our communities." Jeremy Robinson, Senior Vice President of Customer Relations Management at NYCM Insurance. Over 100 million Americans and nearly half of all adults are living with high blood pressure, putting them at a higher risk of heart disease and stroke. In the Mohawk Valley, high blood pressure affects a significant percentage of the adult population. Many of these individuals visit clinics regularly for check-ups and blood pressure monitoring, but have had less access under the conditions of the COVID-19 pandemic. We know that high blood pressure is a huge issue in the Mohawk Valley, with about one-third of Mohawk Valley residents having high blood pressure, In some parts of the City of Utica, the blood pressure rates are as high as 45 percent. High blood pressure is known as the silent killer because too many people don't know they have it, and it's a major risk factor for heart disease and stroke. This donation from NYCM Insurance will make it possible for the American Heart Association to place blood pressure measurement programs in clinics with patients at great risk of high blood pressure. We're grateful for this investment in our mission, that will improve health in our area." Christine Kisiel, Executive Director of the American Heart Association in the Mohawk Valley. About NYCM NYCM Insurance is a property and casualty insurance carrier that has been providing coverage to residents and businesses in New York since 1899. With a team of over 850 employees, and a network of over 1,200 independent agents, NYCM Insurance is dedicated to providing superior service and a quality customer experience to their over 525,000 customers. Insurance lines include Home, Auto, Umbrella and Business. NYCM Insurance is rated A by A.M. Best Company.

Read More

CORE INSURANCE

Hub International Strengthens Healthcare & Construction Insurance Capabilities With Acquisition Of The Assets Of Eaton-Provident Group In Arizona

Hub International Limited | October 08, 2021

Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced that it has acquired the assets of Eaton-Provident Group, LLC (EPG Insurance). Terms of the transaction were not disclosed. Located in Scottsdale, Arizona, EPG Insurance is a property and casualty insurance firm serving businesses, families and individuals. EPG Insurance specializes in various industries, including senior living and construction, which supports Hub's Specialty practices by complementing and strengthening its existing capabilities. EPG Insurance's keen understanding of the insurance business, their broad and multidisciplinary experience, and our shared culture and values makes them an ideal addition as we continue to grow in the region and guide clients, - Randy Perkins, President of Hub Southwest. EPG Insurance Principals Tim Schmidt, Greg Budiac and Jeff Schmidt, and the rest of the EPG Insurance team will join Hub Southwest. We are committed to our clients and look forward to continuing to help them protect their businesses and assets with expanded services, solutions and value through Hub, - Mr. Tim Schmidt. About Hub's M&A Activities Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. About Hub International Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 13,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.

Read More

INSURANCE TECHNOLOGY

iCover Raises Undisclosed Seed Funding and Announces Partnership with KSKJ Life

iCover | September 13, 2021

iCover, a Missouri-based Insurtech that provides an algorithmic underwriting Platform as a Service (paas) for life insurance companies, raised an undisclosed amount in seed funding. The company intends to use the funds raised to expand insurance distribution through a direct-to-consumer offering, increase technical staff and expand sales and marketing efforts. iCover also announced a multi-year partnership with KSKJ Life, headquartered in Joliet, IL, that allows iCover to onboard KSKJ Life's full suite of products which includes Final Expense, Term Life, Whole Life and Annuities on the platform to digitize their new business processes. "We are excited about the partnership we have established with the iCover team. The experience and expertise that they offer, from the platform to business development, support our growth strategies and commitment to provide excellent service to our members and agents." (Tony Mravle, CEO for KSKJ Life) "KSKJ Life is an ideal partner for iCover, they have an innovative mindset, agile approach to delivery and the suite of products that could help enhance the iCover platform." (Hari Srinivasan, CEO for iCover) About iCover iCover is a cloud-based algorithmic underwriting platform that helps insurers sell to the middle market. By leveraging data and predictive analytics iCover can quote, underwrite, and deliver life insurance in under 5 minutes. iCover was built by industry insiders Hari Srinivasan and Nicole Mwesigwa who applied their 30+ years of InsurTech experience and intimate knowledge of automated underwriting technologies. About KSKJ Life KSKJ Life is a Christian, community-focused life insurance company that has provided financial security to its members and their families for over 127 years. Licensed to do business in 19 states across the US, KSKJ Life has experienced tremendous financial growth over the past decade reaching over $551 million in assets. Founded in Joliet, Illinois, KSKJ Life offers competitive life insurance and retirement products, premier personalized service and meaningful member benefits and programs, with over 50,000 members nationwide. As a not-for-profit organization, KSKJ Life makes a difference by reinvesting back into local communities and is dedicated to continuing its mission by helping families achieve financial security through the introduction of new products, increased technology and expansion of distribution channels.

Read More