June 15, 2023
AgencyHow Telematics can help you save on Auto Insurance
Telematics uses wireless technology to monitor and troubleshoot a wide variety of vehicle performance information in real time. It makes possible many common and useful applications you may already be using such as onboard GPS, OnStar, and other security features. This technology can also help you save on auto insurance by allowing you to prove […]
July 5, 2023
AgencyHow Insurers Make Money
Insurance companies primarily make money in two ways: from investments and by generating an underwriting profit—that is, collecting premiums that exceed insured losses and related expenses. It all begins with underwriting. Insurers, whether life or nonlife, must assess the risk and gauge the likelihood of claims and the value of those claims. Insurance companies invest […]