MAX Insurance declared insolvent, placed into liquidation
From the Insurance Journal By Ezra Amacher | August 28, 2023 The District Court of Shawnee County, Kansas has declared MutualAid eXchange (MAX) insolvent, and the company has been placed into liquidation pursuant to a petition filed by the Commissioner of Insurance. The court ruled MAX to be insolvent on August 22, two weeks after the company’s board […]
What Should I Do in the Event of a Liability Claim?
Accidents happen, but they shouldn’t take away your livelihood. It‘s important to understand that a claim could evolve into a lawsuit, even if you’re not at fault. We want to help protect you by sharing some lawsuit mitigation strategies. It’s important to have well-documented safety practices and procedures. A proactive approach to safety is the best […]
How Do I Get My House Ready For Fall Weather?
Getting Your House Ready for Fall 2 MIN READ The temperature is dropping. The leaves are changing. Days are getting shorter. It is starting to feel like fall. You start to get into the mood for certain things in the fall: chili, football, crafting. But, before you go out for a pumpkin spice latte, there […]
Medicare Annual Enrollment Period is Right Around the Corner
The Medicare annual enrollment period, known as AEP, is right around the corner. Did you know you should revisit your Medicare (Advantage plans and Prescription drug plan, PDPs) every year? Between October 15th and December 7th, you have the opportunity to revisit your current plans and see if they are still the best fit for […]
Do I Need a Medicare Supplement or an Advantage Plan?
How do I know if I want a Medicare Supplement or a Medicare Advantage Plan? So many Medicare beneficiaries have one question for use; “How do I know what type of plan is right for me when deciding between a Medicare Advantage plan or a Medicare Supplement plan?”. The best answer is to learn more […]
This does not bode well for insurance rates
From the Insurance Journal First-Half P/C Underwriting Loss Just $2B Shy of Loss for All of 2022 September 12, 2023 The total net underwriting loss of $24.5 billion for the U.S. property/casualty industry after the first six months of 2023 is only $2 billion less than total losses recorded for all of 2022, according to […]
What Should I Do If I Hit a Deer With My Car?
What to Do When You Hit a Deer BY PEKIN INSURANCE ·2 MIN READ You hum along to the radio as you drive down the road. You think about what you’ll do when you get home, but then a deer darts out into your path. You slam the brakes, but it’s too late. The impact […]
What Insurance is Needed for an Auto Repair Business?
Necessary Insurance Coverages for Your Auto Repair Business As an auto repair shop owner, there are plenty of things you may have to worry about. Don’t let your insurance be one of them. Here are a few of the coverages you may want to consider adding to your policy. Whether you like to think about […]
What Types of Water Damage are Covered by Insurance?
A Homeowner’s Guide to Water Damage When it comes to coverage for water damage, the source of the damage is always important. If the damage is sudden or accidental, like a burst pipe, most homeowners insurance policies will cover it. Imagine going downstairs to find that your water heater leaked all over the basement. You […]
Why Do I Need Employment Practices Liability Insurance?
What is an example of an employment practices liability loss? From the Insurance Journal: Eden Foods, Inc, a natural foods company based in Clinton, Michigan, will pay more than $182,500 to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) to obtain relief for former employees. According to the EEOC […]