National Alliance postpones classroom programs amid COVID-19 outbreak

The National Alliance for Insurance Education & Research | April 03, 2020

National Alliance postpones classroom programs amid COVID-19 outbreak
The National Alliance for Insurance Education & Research has announced the postponement of all classroom programs until May 01 as a result of the COVID-19 outbreak. However, the National Alliance is providing online offerings in response to the industry’s need for continuing education and credentialing updates. The National Alliance will continue to provide online, self-study courses as well as live, instructor-led webinars. The organization’s newest instructor-led product offering is the Certified Insurance Service Representative (CISR) course and designation program.

Spotlight

Purchasing a home is one of the biggest things in life. Apart from utilizing most of the savings, you may have to avail a home loan to purchase it. To avoid the financial impact of damages caused to your home due to unexpected perils, a home insurance policy is recommended. A home insurance plan offers financial cushioning to cover the cost of damages caused due to natural calamities such as flood, fire, storms, etc. and man-made issues such as theft, riots, and others.

Spotlight

Purchasing a home is one of the biggest things in life. Apart from utilizing most of the savings, you may have to avail a home loan to purchase it. To avoid the financial impact of damages caused to your home due to unexpected perils, a home insurance policy is recommended. A home insurance plan offers financial cushioning to cover the cost of damages caused due to natural calamities such as flood, fire, storms, etc. and man-made issues such as theft, riots, and others.

Related News

Life.io Partners with Unqork to Scale New Digital Capabilities

Cision PR Newswire | October 20, 2020

Life.io, a subsidiary of SE2 and a leading customer engagement solution for the insurance and financial services industries, today announced a strategic partnership with Unqork, the leading enterprise no-code platform, to bring next-generation insurance solutions to the market. Leveraging Unqork's unique no-code platform, and Life.io's expertise in engagement, UX/UI, and behavioral-design, we are offering insurers a highly intuitive digital purchasing platform that reduces friction for clients and advisors.

Read More

9.6% Permanent rate decrease in auto insurance policies for all State Farm Insurance policyholders

State Farm | July 07, 2020

The Louisiana Insurance Commission has approved a 9.6% permanent rate decrease in auto insurance policies for all State Farm Insurance policyholders in the state, commissioner Jim Donelon announced on Monday. This marks the fourth occasion State Farm has reduced rates in recent times. In 2018, the insurer slashed 4.5% off auto insurance rates, followed by a 6.5% cut in 2019 and a 2.3% reduction last March. The company has decreased rates by a total of 23% in the last two years.

Read More

INSURANCE TECHNOLOGY

Heritage Announces Strategic InsurTech Partnership with Slide

Heritage | November 29, 2021

Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, announced today that it has entered into a strategic partnership with Slide, a startup InsurTech P&C carrier led by Bruce Lucas, Heritage's former Chairman and CEO, providing it with enhanced technological capabilities and allowing it to participate in the InsurTech sector's upside. Partnership provides Heritage with the opportunity to: Leverage Slide's InsurTech capabilities to improve underwriting and rating decisions. Further capitalize on strong agency relationships by generating commission income on policies that don't meet Heritage's underwriting criteria (e.g., due to geographic concentration). Participate in the InsurTech sector without potentially significant capital requirements to develop similar capabilities internally. Based on current publicly traded InsurTech valuations, potential to generate a meaningful capital gain, which, if realized, could provide additional funds for share buybacks or debt retirement. Terms of the partnership Heritage will receive: Approximately 6% equity stake in Slide, an InsurTech P&C carrier with an estimated $250 million post-money valuation, and warrants allowing it to purchase an additional equity interest at Slide's pre-money valuation. Perpetual, royalty free license to certain aspects of Slide's software. Heritage will: Transfer ownership of Pawtucket, a dormant P&C carrier licensed in Rhode Island. Transfer ownership of First Access Insurance Group, a Florida-licensed MGA with minimal earnings. Provide access to historical claims and underwriting data. Ernie Garateix, Heritage's CEO, said, "We're excited to partner with Slide and our former colleague on this win-win opportunity. We believe this partnership will significantly accelerate development of our InsurTech capabilities, while providing us with an equity stake in an impressive startup that is developing cutting edge technology." Financial information, including material announcements about Heritage, is routinely posted on investors.heritagepci.com. About Heritage Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.2 billion of gross personal and commercial residential premiums across its multi-state footprint.

Read More