CAR Appeals Update
For those who have been following the CAR Hearings involving the Point Insurance Agency and Tru Insurance, a quick update on the status of both these appeals. The hearing scheduled for October 19, on the Point Insurance appeal has been continued by agreement with Arbella in order to allow Point Insurance’s new counsel the opportunity to prepare after taking over the appeal. Our readers may remember that Point Insurance’s prior lawyer withdrew from the case over a conflict of interest at the the prior scheduled hearing of CAR” Market Review Committee.
As for the hearing involving Tru Insurance’s cancellation, Commerce has withdrawn its original cancellation without prejudice in order to issue a new cancellation.
It is expected that new hearings on both matters will be scheduled after the Thanksgiving holiday.
The Hanover Ups Its Commitment To TrustedChoice.com
“TrustedChoice.com has established a strong and respected online presence and experienced much success in attracting potential customers digitally,” said Dick Lavey, chief innovation officer at The Hanover. “With more than six million customers visiting TrustedChoice.com each year, we think this is a great opportunity to help our partners connect with those digitally-inclined customers. The trend toward digitization presents tremendous opportunities for our agent partners to attract value-seekers in the market,” Lavey said. “Our expanded partnership with TrustedChoice.com represents yet another way we are helping our partners capitalize on emerging market trends and build their businesses.”
Explained Dick Lavey, chief innovation officer at The Hanover with regards to the Worcester-based insurer’s recent decision to expand its partnership to the national level with TrustedChoice.com. With this expanded profile, all of the Hanover’s partners will now be featured on the TrustedChoice.com platform.
“The Hanover is a leader in the independent agency channel and has been a great partner of TrustedChoice.com for more than three years,” said Vincent Savarese, senior vice president of carrier relations at TrustedChoice.com. “Their expanded participation on our digital platform is the next logical step in strategically supporting both The Hanover and its select network of outstanding agent partners.”
Liberty Mutual Vertically Integrates with Tesla
According to Bloomberg, Liberty Mutual and Tesla have launched a new partnership which will allow the car company to offer a comprehensive insurance package developed in cooperation with Boston-based Liberty Mutual. The U.S. launch comes after the company already launched similar products in Australia and Hong Kong. Here’s a look at the website.