Smart Auto Insurance Blog

American Commerce Insurance, which offers auto insurance, has received an A+ rating from the rating agency Satndard & Poor.  According to the press release on the American Commerce website, the financial strength rating from increased from an A on MAPFRE USA’s subsidiaries - Commerce and Citation - and the outlook is promising.  They consider the companies to be strategically important and because of this their credit rating has been raised from BBB to BBB+.

AM Best also continues to rate MAPFRE companies as A+ Superior.  These high rating are truly key in the success of companies such as American Commerce.  Standard & Poor’s report says that the decision reflects their capitalization and states that their future is very strong.  The rating agency also says in their report that MAPFRE USA continues to have a strong competitive position in Massachusetts and they have a strong market presences in auto insurance specifically.  They carry about 29% of the personal auto insurance market and about 12% of commercial auto insurance products.

This report is a huge success for the company.  American Commerce and MAPFRE companies pride themselves on offering superior products and top notch customer service.  With their solid book of business, this continues to be the case.  The report also highlights the strength of their underwriting discipline and the strong management behaviors.

Written by Sara Smart

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Auto insurance companies are always competing to win business, but MetLife had more in mind when they started their new “Teens on the Road to Safety Program”.  This program is specifically designed to encourage young drivers to make safe driving a priority.  The press release on Business Wire details how the program is expected to work.

MetLife Auto Insurance knew something needed to be done to reign in the number of accidents being caused by teenagers on the road.  One in three teenage deaths occur in car crashes and MetLife believes that can be prevented through education and awareness.  The program encourages young drivers to stay safe on the road by offering drivers who go a full year without accidents, claims or moving violations a $50 gift card from American Express.  If their commitment to safe driving continues, they can earn another $50 gift card the second year they avoid accidents, claims and moving violations.

In order to be eligible for the program, teens must complete 20 driving trips weekly with a guardian and submit a list of the trips to MetLife.  MetLife Auto Insurance has learned through research that practicing good driving skills with an experienced driver is an effective way to become safer on the road.  This will ultimately decrease the number of teen deaths on the road.  The program is available to 16 and 17 year olds who are covered under MetLife and live in a participating state.

Written by Sara Smart

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Progressive Auto Insurance has been named in Diversity MBA Magazine in its “50 Out Front Diversity Leadership: Best Places for Diverse Managers to Work” list.  The magazine lists the top companies for women and minorities to pursue positions of leadership each year.  Progressive is known for embracing diversity and it shows in this honor.

Neil Lenane, Progressive’s director of employee experience says people with different backgrounds and experiences are crucial to the growth of the business.  He believes it’s the diversity that makes Progressive Auto Insurance Company such a great place to work.  Progressive was named in part because of their consistent commitment to diversity throughout their entire company.  Progressive recruiters advertise with ethnically diverse organizations and job boards to encourage the growth of their diverse community.

Diversity MBA Magazine looks at over 400 employers on the Fortune 500 list and consider a variety of factors including employee retention, recruitment efforts, and the company’s accountability.  The magazine says that it’s a very competitive list with a 30% increase in participation by companies this year.

The provider of affordable auto insurance, Donegal Insurance, has a user-friendly guide on their website outlining fire and home safety.  This is valuable to customers who want basic information on what to look for in their home in order to keep their family as safe as possible.

The article provides a checklist for safety features to look for in any home.  It’s encouraged to go through the checklist as a family and ensure each bullet is addressed.  Some of the items on the checklist include:

• Smoke detectors installed and tested
• Carbon Monoxide detectors installed
• Fire Extinguishers accessible and working
• Fire escapes accessible
• Updated wiring throughout home
• Sidewalks in good condition
• Handrails on all stair cases

These are a handful of examples of what type of safety features every home should have.  Each county has different requirements for what is a must, but in general these items and the rest of the list will ensure you are in a safe home and can have peace of mind that you are doing the right thing to keep your family away from harm.

A profile of Permanent General  Assurance Corporation was added to our auto insurance company directory yesterday.  Over the coming weeks we will be continuosly adding new companies to this directory to help our visitors to learn more about the companies from which they may be considering purchasing auto insurance.