The most frequent state before the first notification of cancellation is where the customer has contents, house, and automobile policies
, whereas the most frequent state after the first lapse is where the policyholder has no coverage at all (which occurs since many households have just one policy).
A consistent finding of prior research and the FTC's analysis is that credit information, specifically credit-based insurance scores, is predictive of the claims made under automobile policies
Burnes this summer set in motion a plan that would permit insurers to set their own price for automobile policies
, dismantling a 30-year-old practice of having state regulators establish rates for Massachusetts' 4 million drivers.
The concern is that the use of two primary loss-history databases, the Comprehensive Loss Underwriting Exchange, or CLUE, for homeowners policies and the Automobile-Property Loss Underwriting system, or A-PLUS, for property and automobile policies
can lead to adverse underwriting decisions based on an insured's mere inquiry about possible coverage, or on losses suffered by a former property owner due to his or her negligence.
s U-Assist is an automated underwriting system that enables agents to quote and issue new automobile policies
as well as changes to existing automobile policies
There is no additional charge for this coverage enhancement, which is available as an endorsement to commercial automobile policies
issued by Chartis insurers.
SAN DIEGO -- EMB, a global property and casualty (P&C) consulting firm, has developed a new technique for insurers to build proprietary vehicle symbol definitions based on their own loss experience from personal automobile policies
Mosley's practice focuses on insurance law, specializing in examinations under oath and insurance coverage work in property and claims under commercial, homeowners, renters and automobile policies
MCIC, SNIC, Trinity Lloyds and TUIC provide the group additional diversification with a platform that currently writes small commercial packages, workers' compensation and commercial automobile policies
The Hanover's new Total Household Rewards coverage benefits customers when they have both their home and automobile policies
with The Hanover.
The rating system, as well as a multi-policy discount for customers who purchase both Chubb homeowners and automobile policies
, has been launched in Illinois, Minnesota and Ohio as part of a nationwide implementation.
If approved by the Division of Insurance, the discount would apply to eligible Massachusetts private passenger automobile policies
for members of Massachusetts AAA clubs.