renters insurance News

New Jersey Man Charged with Insurance Fraud, Theft by Deception

A Middlesex County, N.J., man has been charged with insurance fraud and theft by deception for allegedly impersonating his deceased mother to obtain cheaper renters insurance under her senior-discounted policy and for falsifying claims for jewelry and other items stolen …

Louisiana Woman Gets a Year in Prison for Insurance Fraud

A 54-year-old Louisiana woman has been sentenced to a year and a day in prison for insurance fraud, and must pay $9,100 restitution. Acting U.S. Attorney Alexander Van Hook said in a news release that Lasandra Laverne Edwards of Monroe …

Nationwide Using Mobile-App Startup Sure to Sell Renters Insurance

On-demand insurance agency Sure has signed Nationwide as a partner in offering renters insurance via its real time mobile app. Using the Sure app (for iPhone and Android), consumers can now obtain a renters insurance quote, purchase a policy, and …

State Farm Agrees to Cut Rental Rates in California by 40%

California Insurance Commissioner Dave Jones on Wednesday announced he has obtained an agreement from State Farm General Insurance Co. to reduce their rental dwelling program policyholders’ rates statewide by an average of 40 percent. The reduction is to be effective …

Home Insurers, Agents Face Satisfaction Gap with Affluent Gen Y Customers

Overall, home insurers are performing better in customer satisfaction as they compete more on improving the customer experience than on price. However, there is one up-and-coming affluent consumer group — the Gen Y generation or those ages 22 to 39— …

Peer-to-Peer Personal Lines Insurer Lemonade Opens for Business in New York

Peer-to-peer insurance startup Lemonade is open for business in New York, nine months after the startup’s debut and initial venture funding announcement. The New York-based company, which its founders promise will reinvent the insurance business model and make insurance a …

Renters’ Insurance and Millennials: If You Make it Simple, They Will Come

There’s a new website aimed at changing the way millennials deal with buying insurance – but it’s focused on a widely under-served segment of the insurance market – renters’ insurance. Launched by two young insurance agents Tom Austin and Zachary …

New Hampshire Encourages Proper Coverage for College Students This Fall

The New Hampshire Insurance Department is advocating that families sending students to college get the right insurance coverage for their children. “We recommend that when college students and their families prepare for the beginning of the school year, they discuss …

Pennsylvania Regulator Offers Consumer Tips for Airbnb Users

Pennsylvania Insurance Commissioner Teresa Miller is offering consumer tips for both guests and hosts of home sharing sites like Airbnb, as use of these sites may rise in Pennsylvania with the state hosting two major national events — the U.S. …

Arkansas Commissioner: Cuts Mean Military Members Should Buy Renter’s Insurance

The state’s insurance commissioner says members of the military stationed in Arkansas should consider buying renter’s insurance because the Basic Allowance for Housing no longer covers it. Insurance Commissioner Allen Kerr said that last year, Congress reduced rates for the …