PCIT PLUSNews and Updates in the Property & Casualty Insurance Industry – A KMG Initiative


Will Your Homeowner’s Insurance Cover Blizzard 2016 Damage – Fairfax Times

The Atlantic seaboard is currently getting pummeled by a massive blizzard that many have already dubbed “Snowmageddon 2016.” Other parts of the country have been getting historic amounts of rain and snow as well this winter, and high winds and even winter tornadoes are also wreaking havoc.


Millennials and Usage Based Insurance

  In the U.S., millennials comprise of more than a quarter of the population, estimated at 83.1 million. Millennials are the next generation (Gen Y), the age group between 18-35, with access to the best facilities, smart phones, and gizmos and the generation that believes in the online model of transactions and communication.


When buying Homeowners insurance: Important Info

  Buying homeowners insurance can be a tough call, especially when a lot of money has gone into buying a new house with considerable overheads and the last thing anyone would want will be a huge homeowners insurance premium and a rate of premium higher than competitors and not to forget the coverage.


72% Prefer Telematics and Usage-Based Insurance To Traditional Auto Insurance

  In a survey by Aite Group, with the sponsorship of Vertafore, the survey captures the concerns about Insurance industry disruption. This completed a survey of principals or producers from 200 independent U.S. P&C insurance agencies.


Buying a house cheaper than renting: Survey

  In a recent survey by Realty Trac, in its rent affordability analysis found that  buying a house is still more affordable than renting in 58 percent of U.S. housing markets despite home price appreciation outpacing rent growth in 55 percent of markets.


Insurance Distribution Transforming At an Increasing Pace

  In a report by Accenture, it was found that a variety of well-documented, strengthening trends are causing insurance distribution to be transformed at an ever-accelerating pace.