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You are here: Home / Insurance News | Massachusetts / News | Miscellaneous / Last, But Not Least: The Hanover Enters A New Market, Everquote Aims To Tame Distracted Driving & A New Tool To Find Lost Life Insurance Policies

Last, But Not Least: The Hanover Enters A New Market, Everquote Aims To Tame Distracted Driving & A New Tool To Find Lost Life Insurance Policies

June 19, 2017 by Owen Gallagher

This is an occasional column of interesting items that did not warrant a full story, but nevertheless we wanted you to know about. These information is taken verbatim from the various information sites.


Agency Checklists, MA Insurance News, Mass. Insurance NewsThe Hanover has officially entered the personal lines market in PA

“We have a very successful commercial lines business in Pennsylvania, working with some of the Commonwealth’s best agents and we intend to leverage those business relationships to launch our personal lines business,” said Daniel C. Halsey, president, personal lines, at The Hanover. “As we continue to expand our personal lines footprint, Pennsylvania is an important market for us given its high-caliber independent agents and attractive customer base. We believe our Platinum offering, coupled with the expertise of our agency partners, offers a competitive, comprehensive insurance solution for consumers at all stages of life.”

With its launch in Pennsylvania, The Hanover is offering agents a suite of personal lines products and services including:

Hanover Platinum Protection: A customizable package of home and auto insurance that offers broad coverages, including new options for the affluent market with home replacement cost values up to $2 million.

A new point-of-sale system: A new, intuitive quote-and-issue platform for agents, helping to serve their customers faster and more efficiently.


Agency Checklists, MA Insurance News, Mass. Insurance NewsEverquote Contest Aims To Tame Distracted Driving

“From unruly backseat passengers, social media scrolling, texting, speeding and more, risky and distracted driving takes on many forms but they all have one thing in common – the repercussions can be fatal, even more so during the summer months when teens are on the road traveling with friends,” said EverQuote CEO Seth Birnbaum. “EverQuote’s Safe Driving Challenge is meant to bring awareness to the serious effects of distracted driving, and encourage teens and parents alike to commit to safer driving this summer in a fun and potentially financially rewarding way.”

The challenge kicks off June 8 and lasts through Labor Day (Sept. 4) to promote safer driving habits during the 100 deadliest days of driving for teen drivers, marked from Memorial Day through Labor Day. While scoring for the Challenge will officially start Aug. 21, Safe Driving Challenge participants will begin accumulating miles from the moment they download and use the app – a figure that will be used in the event of a tie.

The Cambridge-based company’s second annual contest will award $50,000 in scholarships nationwide to any current or new driver who downloads and uses Everquote;s EverDrive app before Labor Day. The official scoring of the Safe Driving Challenge begins on Aug. 21 and ends Sept. 4, however user milage begins accumulating the moment the app is downloaded. For more information about the 2017 EverDrive Safe Driving Challenge, visit https://www.everquote.com/everdrive/contests/safe-driving-challenge/.


Agency Checklists, MA Insurance News, Mass. Insurance NewsA new tool to find long lost life insurance policies

The National Association of Insurance Commissioners (NAIC) has created a national service that provides consumers with search capabilities to help find a deceased person’s lost life insurance policies and annuities.

The NAIC’s Life Insurance Policy Locator provides nationwide access for assistance with finding life insurance policies and annuities. An estimated $1 billion in benefits from life insurance policies are unclaimed, according to Consumer Reports. The new tool builds on the life insurance policy locator programs developed separately in a number of states before this launch.
Consumer requests are encrypted and secured to maintain confidentiality. Participating insurers will compare submitted requests with available policyholder information and report all matches to state insurance departments through the Life Insurance Policy Locator. Companies will then contact beneficiaries or their authorized representatives.

 

Check out the Life Insurance Policy Locator and FAQs here:
https://eapps.naic.org/life-policy-locator/#/welcome
https://eapps.naic.org/common_web/life_insurance_policy_locator_faq.pdf links to PDF file

 

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